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GBP/USD Forecast Update – December 20, 2024
The GBP/USD currency pair has found solid support at the previously breached resistance of the bearish channel, which suggests the potential for a continuation...
GBPCAD Resumes Bullish Correction – Forecast for Today (18-12-2024)
The GBPCAD has resumed its bullish correction, recently surpassing the 1.8110 barrier. This move formed a double bottom pattern, reinforcing the continuation of the...
EUR/JPY Forecast – December 16, 2024
The EUR/JPY pair has successfully surpassed the 161.10 resistance level last Friday, achieving additional gains by reaching 161.98 and approaching the resistance line of...
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GBP/USD Forecast – December 16, 2024
The GBP/USD pair has shown weak price action today, stabilizing around the $1.2635 level. The bearish trend...
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Bearish Bets on Asian Currencies Rise Amid US Tariff Concerns
Bearish sentiment surrounding Asian currencies has intensified, with short positions on the South Korean won and the...
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EUR/USD Price Forecast Update – December 13, 2024
The EUR/USD pair remains below the $1.0475 level, showing weak price action since the morning. This confirms...
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What are floating and fixed exchange rates
Floating exchange rate is made to point to the official exchange rate that central bank of one country does not stipulate domestic money and...
What is an Exchange Rate?
An exchange rate is the rate at which one currency can be exchanged for another between nations or economic zones. It is used to...
How Forex Differs from Other Markets
There are some major differences between the way the forex operates and other markets such as the U.S. stock market operate. Fewer Rules This means investors...
Trading in the Foreign Exchange Market
The market is open 24 hours a day, five days a week across major financial centers across the globe. This means that you can...
What Is Foreign Exchange (Forex)?
Foreign Exchange (forex or FX) is the trading of one currency for another. For example, one can swap the U.S. dollar for the euro....
Foreign Currency Exchange Rates Today (15-6-2022)
Here you will find our full list of the foreign currency exchange rates today. Live and updated every minute with live forex rates, you...
Emerging market FX rallies seen short-lived due to high inflation: Reuters poll
By Vuyani Ndaba and Vivek Mishra JOHANNESBURG/BENGALURU (Reuters) - Battered emerging market currencies will struggle to hold on to recent gains towards year-end as U.S....
Dollar to clear recent weak period unscathed – FX analysts
By Hari Kishan BENGALURU (Reuters) - The U.S. dollar is set to clear its recent weak period unscathed and remain dominant because the number of...
Speculators cut net long bets on U.S. dollar -CFTC, Reuters
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Speculators' net long bets on the U.S. dollar fell to a five-week low, according to calculations by Reuters...
Turkey Takes Aim at Lira Short Selling by Focusing on Niche Debt
(Bloomberg) -- Turkey is planning to restrict purchases by domestic investors of new lira bonds sold by multinational lenders, the latest effort to curb short...
Dollar falls as investors reach for riskier currencies
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar fell across the board on Thursday, ceding ground gained in recent sessions as firmer risk...
Rouble eases towards 62 vs dollar, Severstal shares fall after sanctions
The Russian rouble eased towards 62 against the dollar on Thursday, stabilising in a relatively narrow range after sharp and uncontrolled moves last week...