What you need to know on Friday, June 25: The dollar lost some ground during the first half of the day, to regain most of it during the US session. Generally speaking, trading was boring. The EUR / USD pair remained within familiar levels above 1.1900, while commodity currencies consolidated against their US rival. The […]
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Forex Today – Asian Session: Waiting for the Next Catalyst
What you need to know Thursday, June 24: The major pairs oscillated between gains and losses while holding at familiar levels on Thursday. Sentiment led the way, with currencies following the lead of stocks. The dollar fell during the first half of the day, regaining most of the ground lost in the last trading session […]
Forex Today – Asian Session: Risk Appetite Weighs on the Dollar
What you need to know on Wednesday, June 23: Optimism returned to financial markets and weighed on the dollar. However, USD losses were limited and continue to look corrective after last week’s rally. US Federal Reserve Chairman Jerome Powell testified before Congress on the Federal Reserve’s response to the pandemic. Earlier in the day, Cleveland […]
Forex Today – Asian session: The dollar corrects lower but remains the strongest
What you need to know on Tuesday, June 22: The dollar corrected the extreme overbought conditions, but it is still the strongest currency in the foreign exchange market. It lost most of the ground during US business hours amid strong Wall Street gains. The EUR / USD pair corrected to 1.1920, staying close to the […]
Forex Today – Asian Session: Dollar Rally Stops Amid Extreme Overbought Conditions
What you need to know on Friday, June 18: The US currency extended its gains against most of its main rivals, except for the JPY, which strengthened thanks to falling government bond yields. However, market participants continued to value the latest aggressive stance from the US Federal Reserve, which hinted at two rate hikes in […]
Forex Today – Asian Session: The Federal Reserve takes center stage
What you need to know on Wednesday, June 16: The dollar gained ground ahead of the US opening, but closed the day on a mixed basis. EUR and CHF are unchanged against their US rival, as well as JPY, while commodity currencies and the pound are trading firmly lower. US retail sales disappointed expectations, while […]
Forex Today – Asian Session: The Dollar Trades Mixed As Investors Gear Up For The Fed
What you need to know by Tuesday, June 15: The dollar was down, mainly against high-yielding rivals, but rebounded against the CHF and JPY shelters. Activity in the foreign exchange sector was limited amid the holidays in Asia and a poor macroeconomic calendar elsewhere. Yields on US Treasuries advanced, with 10-year yields reaching 1.50%. Wall […]
Forex Today – Asian Session: Much Ado About Nothing
What you need to know Friday, June 11: The majors showed no reaction to the top tier events and continue to trade within tiers. Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and […]
Forex Today – Asian Session: Wait-and-See Mode Continues Ahead of ECB and US Inflation
What you need to know on Wednesday, June 9: The dollar regained lost ground on Monday, trading flat against most of its main rivals on a weekly basis. For the second day in a row, trading was dull, with pairs confined to familiar levels as investors continue to await the top-tier events scheduled for Thursday. […]
Forex Today – Asian Session: Dollar Declines, Focus Stays on US Inflation
What you need to know on Tuesday, June 8: The dollar advanced modestly at the start of the day, but ended it in bearish numbers against all of its major rivals. Movements were limited as the macroeconomic calendar was tight as investors focus on top tier events to be released later this week, including the […]
