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Weaker-than-expected U.S. consumer price inflation data eased concerns about the U.S. economy overheating and drove the US dollar lower against most of its peers Wednesday. The euro and pound...
Friday’s US jobs report beat all estimates and showed an increase of 379,000 jobs in February while the unemployment rate dropped to 6.2 percent. Economists expect that the re-opening of...
The US Dollar dipped on Monday after Friday’s appreciation and Treasury yields stabilized following last week’s rally. Traders will likely continue paying attention to the recent bond...
Positive market sentiment continued as investors took comfort from positive news on vaccine efficacy. In Israel, the Pfizer Inc. (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) Covid-19 shot appeared to stop...
The biggest story in the Fforex market was the rise of the British pound which jumped to the highest level since April 2018. Falling coronavirus cases, the U.K.’s successful vaccination drive...
Friday’s U.S. jobs report came in weaker than expected and reinforced the fragility of the economic recovery while highlighting the case for further stimulus. The U.S. dollar posted fresh losses...
We welcome everyone to a new trading month with new challenges, new opportunities and hopefully good profits. The Reddit-style enthusiasm from hordes of retail traders has unleashed an...
The British pound rose to a high of 1.3750 against the U.S. dollar and analysts predict that sterling will continue to outperform against other peers. One of the reasons for the pound’s strength...
Last week ended with a lack of risk appetite in the market and the anti-risk US Dollar benefitted as a result, while short traders in the EUR/USD and GBP/USD were able to take a good profit. Investors...
This week started with some corrective movements in the market as investors evaluate stretched valuations while becoming more cautious on global shares at recent high levels. The U.S. dollar rose...
The market begins the new year at rich valuations with stocks fluctuating near a record amid renewed concerns about the spread of the coronavirus. While market analysts expect that the economic path...
The US dollar remained weak amid a liquidity thinned last week. The weaker Greenback signals the risk-on bias in the market and despite COVID accelerating across key economies, positive vaccine news...
This week will offer more potential for traders in terms of bigger market movements. The euro has proven its resiliency against the U.S. dollar and remains at higher levels despite the economic...
We got what we have been looking for Wednesday with the GBP/USD breaking its narrow trading range and providing a profitable movement for short traders. The currency pair broke below the symmetrical...
The best performing currency Wednesday was the British pound which jumped to a high of 1.3177 against the U.S. dollar after European Union chief Brexit negotiator Michel Barnier said a Brexit deal is...
The U.S. dollarappreciated against its peers and short traders benefited from yesterday’s decline in the euro, cable and DAX. The reasons for U.S. dollar’s fresh strength is on the one...
Monday’s trading was quiet with the U.S. dollar slightly appreciating versus its peers but without any profitable trading chances. Volatility was also muted due to a public holiday in the U.S....