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
02
Dec
Dec
USD/CAD holds onto recovery move near 1.4000 despite firm dovish Fed bets
The USD/CAD pair clings to Monday’s recovery move to near 1.4010 during the Asian trading session on Tuesday. The Loonie pair bounced back on Monday as the US Dollar (USD) rebounded despite weak United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI) data for November strengthened the case for another interest rate cut by the Federal Reserve (Fed) this […]
02
Dec
Dec
EUR/USD strengthens above 1.1600 ahead of Eurozone HICP data
The EUR/USD pair extends its upside to near 1.1615 during the Asian trading hours on Tuesday. The US Dollar (USD) weakens against the Euro (EUR) as weaker-than-expected US Manufacturing PMI data heaps pressure on the Federal Reserve (Fed) to cut interest rates later this month. Data released by the Institute for Supply Management (ISM) on Monday revealed that US manufacturing contracted for […]
02
Dec
Dec
GBP/USD slides as UK budget strains and US labor data weigh
GBP/USD soured on Monday, starting off the December trading window declining around one-quarter of one percent, pushing back down from a key technical confluence region that will likely inspire further short selling behind the Pound Sterling (GBP) unless global flows into the US Dollar (USD) reverse course. Pound struggles under the weight of political troubles Chancellor […]
02
Dec
Dec
NZD/USD holds steady above 0.5700; stalls overnight pullback from one-month peak
The NZD/USD pair ticks lower during the Asian session on Tuesday and moves further away from an over one-month peak, around mid-0.5700s, touched the previous day. Spot prices currently trade near the 0.5720 region, though the fundamental backdrop warrants some caution for bearish traders and before positioning for deeper losses. The New Zealand Dollar (NZD) […]
02
Dec
Dec
AUD/USD flatlines below 0.6550 as traders await Australian GDP release
The AUD/USD pair trades on a flat note near 0.6540 during the early Asian trading hours on Tuesday. Weaker-than-expected US economic data and rising US interest rate cut expectations in December drag the US Dollar (USD) lower against the Australian Dollar (AUD). Traders will closely monitor the Australian Gross Domestic Product (GDP) data for the third quarter […]
02
Dec
Dec
Japanese Yen moves further away from two-week high vs USD amid positive risk tone
The Japanese Yen (JPY) edges lower during the Asian session on Tuesday and retreats further from a two-week high, touched against its American counterpart the previous day. A generally positive tone around the Asian equity markets is seen as a key factor undermining the JPY’s safe-haven status. Apart from this, the JPY downtick lacks any […]
01
Dec
Dec
South Korean Won Extends Losses on Heavy Outflows
The South Korean won weakened to around 1,470 per dollar on Monday, extending losses from the previous session and hovering close to its lowest level in over seven months, pressured by persistent foreign equity outflows and firm corporate demand for US dollars. Offshore investors recorded their largest monthly net selling on Korean shares in November, […]
01
Dec
Dec
EUR/JPY weakens below 180.50 as BoJ’s Ueda hints at rate hike
The EUR/JPY cross attracts some sellers near 180.45 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Euro (EUR) due to the latest comments from Bank of Japan (BoJ) Governor Kazuo Ueda. The HCOB Manufacturing Purchasing Managers Index (PMI) from the Eurozone, Germany, and France will be released later on Monday. […]
01
Dec
Dec
Offshore Yuan Hovers Over One-Year Peak
The offshore yuan traded around 7.07 per USD, near its highest level since early October last year, as a broadly softer US dollar offset weak factory activity data in China. The softer greenback continued to support the currency, with investors looking ahead to a crucial month that could bring the Fed’s final rate cut of […]
01
Dec
Dec
EUR/USD flirts with 200-day SMA hurdle, above 1.1600 amid a broadly weaker USD
The EUR/USD pair regains positive traction at the start of a new week and climbs back above the 1.1600 round figure during the Asian session. Bulls now await a move beyond a technically significant 200-day Simple Moving Average (SMA) before placing fresh bets and positioning for an extension of a one-week-old uptrend amid the prevalent […]
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