Category: Forex
Overview of the Fed’s Rate Hike Decision In March 2023, the Federal Reserve raised its benchmark interest rate by 25 basis points, marking the first rate hike in several years. This decision was made in response to increasing inflationary pressures and the need to maintain a stable economic environment. The Economic Context Leading Up to […]
How to Avoid Forex Trading Scams in 2021? CFD and Forex trading markets trade trillions of dollars a day. Traders around the globe are always looking for the best brokers to trade forex, CFDs, stocks, cryptocurrencies, etc. With new forex brokers, CFD brokers, and cryptocurrency brokers popping up constantly, determining the legitimacy of a broker […]
Moscow Exchange announced trading in the US Dollar/Japanese Yen (USD/JPY) currency pair. Trades will be settled same day (T+0), next day (T+1) and on T+2 after the trade date. Оvernight and tom-next swaps will be also available. Тhe currency pair will also be available for OTC trading with tight spreads as part of MOEX’s service […]
Forex – Dollar hit a two-week high against the yen on Tuesday, as ebbing concerns about the global economy pushed U.S. bond yields up from 15-month troughs. The greenback was steady at 111.37 yen after touching 111.46, its highest since March 20. The 10-year Treasury yield traded at 2.492 percent, pulling back from a 15-month low […]
Forex – Dollar: On Thursday the dollar was slightly stronger in early trading in Europe. Signs of global economic weakness push a retreat from riskier assets. British pound is stead after a flurry of voting on Brexit. However, there is no clarity about the UK’s ultimate destination. The U.K.’s House of Commons voted against all eight […]
The British pound paused for breath on Friday. On Thursday, MPs voted to ask the EU to delay Brexit beyond the current 29 March departure date. The Commons will vote on her withdrawal agreement by 20 March, after previously rejecting it by 230 and then 149 votes. Sterling fetched $1.3253, having dropped further from Wednesday’s nine-month […]
The pound rallied in early European hours on Tuesday after British Prime Minister Theresa May secured last-minute changes from the European Union for her Brexit deal before a crucial vote in parliament later in the day. The pound was up 0.6% at $1.3230, taking its gains over two days to more than 1.5%. The euro slipped to its lowest against the pound […]
The dollar hovered near a 10-week high against the yen on Friday, thanks to a surge in Treasury yields after U.S. gross domestic product data topped expectations. U.S dollar was slightly higher at 111.445 yen and within striking distance of 111.495. It’s since Dec. 20 brushed overnight. The dollar index against a basket of six major currencies […]
The dollar inched up against the yen on Tuesday after Japan’s central bank governor raised the possibility of further policy easing, while the euro’s latest bounce faded as the focus shifted back to economic challenges in the bloc. The greenback rose to 110.615 yen from a low of 110.45 hit earlier in the session. The […]
Foreign exchange markets got off to a slow start Monday, with trading set to remain subdued due to a sparse data calendar in Europe and public holidays in North America. Nikkei 225 and Hang Seng indices both rose over 1.5% while other Chinese stocks gained even more. Commodity prices, have also rose, with crude oil touch […]
