Currency markets are volatile and unpredictable. We help businesses mitigate risks to their cashflow by providing strategic support and analysis of all the latest trends from around the world.
Currency List
Currency List
Non EU
Forex
Forex
Forex
28
Nov
Nov
Offshore Yuan Set for Monthly Gains
The offshore yuan steadied around 7.07 per dollar on Friday, remaining on track for monthly gains as a weakening US dollar supported the currency. The greenback declined as markets increased expectations for a further Federal Reserve rate cut in December, with futures now pricing in an 87% probability of a 25-basis-point reduction. Meanwhile, the People’s […]
28
Nov
Nov
US Dollar Index hovers around 99.50, downside appear amid dovish Fed stance
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after three days of losses and trading around 99.60 during the Asian hours on Friday. However, the US Dollar (USD) could further lose amid rising odds of Federal Reserve (Fed) rate cut bets in December. Traders […]
28
Nov
Nov
GBP/JPY retreats from YTD peak, trades below 207.00 amid modest JPY uptick
The GBP/JPY cross attracts some intraday sellers following an Asian session uptick to the 207.20 area, or a fresh high since July 2024, and turns lower for the second straight day on Friday. The downtick, however, lacks bearish conviction, with spot prices holding above mid-206.00s and remaining on track to register strong gains for the […]
28
Nov
Nov
When are the German Retail Sales and how could they affect EUR/USD?
The German Retail Sales Overview The Federal Statistics Office of Germany, Destatis, will publish the Retail Sales report on Friday at 07:00 GMT. Germany’s Retail Sales are expected to remain consistent at a 0.2% increase month-over-month (MoM) in October. The annual Retail Sales are also anticipated to remain consistent at 0.2%. How could the German […]
28
Nov
Nov
EUR/JPY Bullish outlook prevails above 181.00
The EUR/JPY cross trades in negative territory near 181.05 during the early European session in Friday. The Japanese Yen (JPY) edges higher against the Euro (EUR) amid some verbal intervention from Japanese authorities. Traders brace for the release of Germany’s Retail Sales and Consumer Price Index (CPI) inflation data, which will be released later on Friday. In […]
28
Nov
Nov
Japanese Yen struggles for a firm intraday direction; USD/JPY benefits from USD uptick
The Japanese Yen (JPY) struggles to attract any meaningful buyers despite higher than forecast Tokyo consumer inflation data, which backs the case for a further policy tightening by the Bank of Japan (BoJ). Cautious signals from BoJ policymakers indicate that rate normalization will be gradual, forcing investors to reassess expectations for the next policy move. […]
27
Nov
Nov
EUR/USD climbs above 1.1600; eyes 200-day SMA barrier amid weaker USD
The EUR/USD pair prolongs its uptrend for the fourth consecutive day and climbs beyond the 1.1600 mark, to a one-and-a-half-week top, during the Asian session on Thursday. The momentum is sponsored by the prevalent selling bias surrounding the US Dollar (USD), and lifts spot prices closer to a technically significant 200-day Simple Moving Average (SMA) […]
27
Nov
Nov
GBP/USD gains above 1.3250 as Fed rate cut bets weigh on US Dollar
GBP/USD continues its winning streak for the sixth successive session, trading around 1.3260 during the Asian hours on Thursday. The pair appreciates as the US Dollar (USD) struggles amid rising odds of Federal Reserve (Fed) rate cut bets in December. US data showed unexpectedly low Initial Jobless Claims and stronger-than-expected Durable Goods Orders, yet rate-cut expectations remained intact. The […]
27
Nov
Nov
Japanese Yen stands firm near one-week high against USD
The Japanese Yen (JPY) remains on the front foot against a weaker US Dollar (USD) through the Asian session on Thursday and currently trades near a one-week top, touched the previous day. Investors remain alert amid the possibility that Japanese authorities could step in to stem any further weakness in the domestic currency. This, along […]
27
Nov
Nov
USD/CAD Falls toward lower ascending channel boundary near 1.4000
USD/CAD extends its losses for the third successive session, trading around 1.4030 during the Asian hours on Thursday. The daily chart’s technical setup reflects a persistent bullish bias, with the pair remaining within its ascending channel pattern. The USD/CAD pair holds above the rising 50-day Exponential Moving Average (EMA) at 1.3990, while the nine-day EMA at […]
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