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GBP/USD Finds Support at Key Level, Shows Bullish Momentum – Analysis, April 7, 2025
The GBP/USD exchange rate saw an upward movement in the latest intraday trading session, buoyed by a critical support level at 1.2865. This level...
Blame Game Escalates in Iran as Rial Plunges to Record Low
The Iranian rial has hit a historic low against the US dollar amid worsening economic uncertainty, fueled by deteriorating prospects for direct negotiations with...
USDCHF Price Sees Intraday Gains – Forecast for March 14, 2025
The USDCHF pair has shown positive movement, trading within a minor bullish channel observed on the chart. However, this pattern is believed to represent...
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EURGBP Sees Significant Gains – Forecast for March 12, 2025
The EURGBP currency pair has regained its bullish momentum, breaking above the key resistance level of 0.8315....
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EURNZD Surges with Strong Gains – Forecast for March 10, 2025
The EURNZD pair experienced a significant bullish rally last Friday, breaking above the 1.8880 resistance level of...
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EURJPY Hits Target Levels – Forecast for March 5, 2025
The EURJPY currency pair achieved its target levels on Tuesday, surpassing the key resistance point of 157.30...
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Asia FX Market Subdued Ahead of US Inflation Data; Yen Surges on BOJ Remarks
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In the Asian foreign exchange market, movements were muted on Thursday with the dollar stabilizing ahead of crucial U.S. inflation figures, while the yen...
What backs the US dollar?
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The US dollar (USD) stands as a global powerhouse, serving as the world's primary reserve currency and facilitating international trade. Its widespread use in...
What is the richest currency in Asia?
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Asia is home to some of the world's most vibrant economies and thriving financial markets. With diverse cultures, histories, and economic landscapes, the continent...
India’s Central Bank Lifts Restrictions on Forex Non-Deliverable Forward Arbitrage by Banks
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India's central bank, the Reserve Bank of India (RBI), is reportedly easing restrictions on banks' arbitrage trades involving the outright foreign exchange over-the-counter (OTC)...
Dollar Retreats Ahead of Key Economic Data in a Packed Week
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The dollar saw a mostly lower performance as market participants anticipated U.S. durable goods orders and crucial inflation data later in the week, which...
Asian Currencies Edge Higher as Dollar Eases; Yen Buoyed by Steady Inflation
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Most Asian currencies experienced modest gains on Tuesday, finding relief in the mild decline of the dollar ahead of a crucial inflation reading that...
Asia FX Weakens as Dollar Gains Momentum Ahead of Key Rate, Inflation Indicators
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In the Asian markets, most currencies experienced a decline on Monday, while the dollar saw a resurgence amid anticipation of significant cues regarding interest...
EURJPY Poised for Breakthrough Beyond 163.20 Barrier – Analysis for 26-2-2024
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The EURJPY pair encountered resistance at the 163.20 barrier, leading to a period of mixed trading with fluctuations that brought it to around 162.55....
GBPJPY Exploits Support Line Stability, Maintaining Bullish Momentum – Analysis for 26-2-2024
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The GBPJPY pair continues its bullish trajectory, consistently holding above the supplementary support level at 189.90. Recent market activity saw the pair achieving a...
Dollar Retreats Ahead of PMI Data; Euro, Sterling Gain
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In early European trade, the U.S. dollar retreated as risk sentiment improved following Nvidia's stellar earnings, while traders awaited the release of crucial business...
Dollar Dips as Investors Await Data for Fed Rate Cut Clues
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The dollar index dipped but rebounded from a three-week low as investors awaited new data for insights into when the U.S. Federal Reserve might...
Asia FX Weakens, Dollar Steady on Hawkish Fed Comments and Strong Labor Data
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Most Asian currencies faced declines on Friday, while the dollar stabilized after recent losses, following hawkish signals from the Federal Reserve and robust U.S....