Tag Archives: Forex

Key Points: The British pound saw a pullback retreating from its recent gains against the U.S. dollar. Despite this decline, the pound remains close to its 2024 high of $1.3269. For enthusiasts, limiting the decline to a shallow slide could signal a growing bid for cable, especially given the underlying support from rate differentials. Picture:Continue Reading

Key Points: The Chinese yuan (Symbol: USDCNH) recovered from three consecutive sessions of decline as traders brace for significant economic data releases, including the U.S. inflation report and China’s manufacturing PMI. The movement of the Chinese yuan has largely been constrained within a narrow trading range, with market participants closely monitoring the U.S. dollar andContinue Reading

Key points: The Australian and New Zealand dollars have held firm near their eight-month highs, driven by a weakening U.S. dollar and momentum from technical buyers aiming to push through chart resistance levels. The Australian dollar (AUDUSD) currently trades around $0.6793, just below its recent peak of $0.6812. As momentum builds, support is identified at $0.6759Continue Reading

The Japanese yen falls back, retreating from a three-week high as the U.S. dollar regains ground. Explore the factors influencing the movement of JPY and the potential trading opportunities ahead. -vtmarkets.com

The euro hits a new high for 2024 as the U.S. dollar falters following dovish remarks from the Federal Reserve. Explore the implications for forex traders and the market outlook. -vtmarkets.com

The Australian dollar took a breather on Tuesday, holding steady at $0.6773 after retreating from its 2024 high of $0.6798. This pause comes as traders await the release of July’s domestic inflation data, which is expected to have a notable impact on the currency’s direction. -vtmarkets.com

The U.S. dollar held steady on Friday as the market’s focus turned to Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole Symposium.

GBPUSD reaches a 2024 high, driven by positive UK economic data and a weaker US dollar ahead of the Jackson Hole event. Explore market implications and short-term trader insights.

The Indian rupee is likely to start Thursday’s session with little change, despite the U.S. Federal Reserve’s dovish minutes failing to provide a lift to Asian currencies. The 1-month non-deliverable forward (NDF) suggests the rupee (USDINR) will open close to 83.9225, nearly unchanged from the previous session.

Key Points: This is a follow up article to: Indian rupee set to strengthen as confidence in Fed rate cuts grows The Indian rupee (Symbol: USDINR) is expected to stabilise marking its best day in almost two months, as the U.S. dollar experienced a broad decline. The U.S. dollar index (Symbol: USDX), which measures theContinue Reading