Forex

Trade of The Day – EUR/USD

Facts EURUSD is breaking upward from a descending price channel; as of 2:25 PM (GMT) on Friday, the pair trades at 1.1652.…

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Chart of The Day – USD/JPY

Core inflation in Japan fell to 3.3% YoY in June, down from 3.7% in May, in line with forecasts. The decline…

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USD/INR reclaims three-week high on US Dollar’s continued outperformance

The Indian Rupee weakens against the US Dollar as traders pare Fed dovish bets. The delay in the US-India trade…

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USD/CHF tumbles to below 0.8050 on tariff uncertainty

USD/CHF slumps to near 0.8030 in Friday’s early European session, down 0.30% on the day.  The Swiss Franc gains traction…

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USD/CAD trades with negative bias below mid-1.3700s, lacks bearish conviction

USD/CAD attracts some sellers as Fed Governor Waller’s dovish remarks undermine the USD. Reduced Fed rate cut bets help limit…

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NZD/USD gathers strength above 0.5950 on softer US Dollar

NZD/USD rises to 0.5955 in Friday’s Asian session, up 0.46% on the day.  China posted better-than-expected Q2 growth, supporting the China-proxy…

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GBP/USD rises to near 1.3450 due to improved market sentiment, UoM Consumer Sentiment eyed

GBP/USD appreciates as the US Dollar loses ground following the dovish Fedspeak. San Francisco Fed President Mary Daly noted that…

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EUR/USD surges above 1.1600 due to easing risk aversion following dovish Fedspeak

EUR/USD appreciates as the US Dollar struggles following the dovish remarks from Fed officials. San Francisco Fed President Mary Daly…

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Australian Dollar gains ground as US Dollar remains subdued due to dovish Fedspeak

The Australian Dollar rises as the US Dollar struggles following dovish remarks from Fed officials. San Francisco Fed President Mary…

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Japanese Yen consolidates against a softer USD as traders seem reluctant ahead of Japan’s elections

The Japanese Yen struggles to lure buyers amid reduced BoJ rate hike bets. Japan’s National CPI report does little to…

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