Forex News Category

February 19, 2024
EUR/USD Rises Below 1.0800 Ahead of FOMC Minutes Release

EUR/USD Rises Below 1.0800 Ahead of FOMC Minutes Release The EUR/USD currency pair has been trading with strength below the key 1.0800 psychological mark during the early hours of Monday’s Asian trading session. The pair’s movements are largely influenced by investors’ anticipation of the Federal Open Market Committee (FOMC) Minutes and the upcoming Eurozone Purchasing

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February 15, 2024
AUD/JPY Drops Below 97.50 Due to Weak Australian Employment Data

AUD/JPY Drops Below 97.50 Due to Weak Australian Employment Data The AUD/JPY currency pair witnessed a decrease in its value during the early trading hours in Europe on Thursday, driven by unexpectedly weak employment data from Australia for January. As of the latest reports, the AUD/JPY is trading around 97.43, marking a decline of 0.33%

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February 14, 2024
EUR/GBP Gains Above 0.8500 Post-UK CPI, PPI Data

EUR/GBP Gains Above 0.8500 Post-UK CPI, PPI Data During the early hours of Wednesday’s European trading session, the EUR/GBP currency pair saw noticeable gains, climbing above the significant 0.8500 mark. This upward movement, now trading around 0.8523, represents an increase of 0.21% for the day. The pair’s strength is primarily attributed to the recent weaker-than-expected

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February 13, 2024
GBP/USD Remains Stable Above 1.2600 Before UK Job Data Release

GBP/USD Remains Stable Above 1.2600 Before UK Job Data Release The GBP/USD currency pair has been exhibiting a period of consolidation, maintaining its position above the crucial 1.2600 threshold as the early Asian trading session on Tuesday unfolds. This stabilization comes ahead of key economic reports from both the UK and the US, which are

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February 9, 2024
USD/CHF Rises Amid Middle East Tensions, Falls Slightly to Around 0.8740

USD/CHF Rises Amid Middle East Tensions, Falls Slightly to Around 0.8740 The recent developments in the USD/CHF currency pair have been significantly influenced by the escalating geopolitical tensions in the Middle East, especially following the Israeli airstrikes in Rafah. The US Dollar (USD) has been on the rise, leading to a notable recovery in the

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