Forex News Category

January 29, 2024
EUR/USD Price Analysis Inches Lower to 1.0840 Followed by the Monthly Low

EUR/USD Price Analysis Inches Lower to 1.0840 Followed by the Monthly Low During the Asian trading session on Monday, the EUR/USD pair witnessed a decline, trading around the 1.0840 mark. This movement represented a pullback from its recent upward trajectory. A key factor influencing this shift is the prevailing risk-off sentiment in the market, primarily

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January 26, 2024
USD/CHF Rises to Near 0.8670, Bolstered by Positive US GDP Data

USD/CHF Rises to Near 0.8670, Bolstered by Positive US GDP Data During the Asian trading hours on Friday, the USD/CHF currency pair showed signs of consolidation near the 0.8670 mark, indicating a significant development in the forex market. This movement comes in the wake of the latest economic data release from the United States, which

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January 24, 2024
NZD/USD Drops Below 0.6100 After Brief Post-CPI Gains

NZD/USD Drops Below 0.6100 After Brief Post-CPI Gains The NZD/USD currency pair, commonly known as the Kiwi, has been facing challenges in leveraging its modest gains observed during the Asian trading session on Wednesday. The pair is hovering precariously close to a nearly two-month low, around the 0.6065-0.6060 region, a threshold it had encountered just

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January 22, 2024
USD/CHF Nears 0.8680 Amid Hawkish Fed Stance

USD/CHF Nears 0.8680 Amid Hawkish Fed Stance The USD/CHF currency pair has embarked on a remarkable winning streak since its journey began on January 11. As of the Asian trading hours on Monday, it finds itself trading in close proximity to the 0.8680 mark. While this uptrend is a testament to the strength of the

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January 19, 2024
USD/CHF Approaches 0.8680 as SNB Chairman Expresses Swiss Franc Concerns

USD/CHF Approaches 0.8680 as SNB Chairman Expresses Swiss Franc Concerns USD/CHF is maintaining its impressive upward trend that commenced on January 11, driven in part by concerns expressed by Swiss National Bank (SNB) Chairman Thomas Jordan regarding the appreciating Swiss Franc (CHF). Jordan’s remarks, delivered at the World Economic Forum (WEF) in Davos, focused on

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