Forex Market

The Fed has the tough job of reassuring markets after the Evergand crisis and two weeks of mounting losses in stocks as the US economy struggles with declining jobs and the worst inflation in a decade. The meeting is expected to address the taper timeline, however, investors eye the taper …

Euro declined against the U. S. dollar on Monday as dollar firmed ahead of a week that will witness several central bank meetings globally.Immediate resistance can be seen at 1.1738 (50%fib), an upside break can trigger rise towards 1.1771(61.8%fib).On the downside, immediate support is seen at 1.1697(38.2%fib), a break below …

Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, discussed the current situation across global markets, with anticipation for a number of developments over the course of the week. U.S. dollar Hashad indicated that the US dollar benefited from positive US data, most …

The Turkish lira lost about 0.4% of its value against the dollar on Monday, September 20, and hit its lowest level since July 9, under pressure from the dollar’s rally ahead of the Turkish Central Bank’s meeting to set the interest rate this week. The lira fell to 8.6835 compared …

U.S. government bond yields have surged on Friday, with the 10-year bill yield approaching a two month high, touching 1.3855%, its highest level since 2011 and was set for a fourth consecutive week of increases, the longest such successive band since March.Traders look forward to a busy week of Central …

EUR/USD has kept sliding for the second successive day. The pair has been exchanging hands at 1.1728 down 0.30%.After a stellar U. S. Retail Sales report on Thursday, the EUR/USD pair is trading at three-week lows, driven by USD’s strength as (DXY) Index is at three-week highsThe market mood is …

GBP/CAD exchange rate was driven by movements in the Canadian Dollar linked to the rise of oil prices this morning, but CAD has since dell under pressure from disappointing employment data.The GBP/CAD pair has been traded at CAD 1.7475, unchanged from today’s opening level. The Canadian currency has obviously relinquished …

Euro fell back under USD 1.18 in mid-September, hovering around its weakest level since 27 August due to growing risk aversion as rising COVID-19 infections could force some countries to resume certain restrictions. The European Central Bank decided last week to move to a moderately lower pace in its €1.85 …

The US dollar fitted a quick move of strength and spiked up to a fresh September high, Thursday, on the back of official report on strong retail sales. This helped the USD to push above a big zone of resistance.From a short-term basis, buyers are trying to hold the move …

EUR/USD is revisiting weekly lows at 1.1770 with selling bias around the Euro. No major support levels until 2021 lows of 1.1660. The euro currently trades at $1.1764. On the other hand, Deutsche Rohstof believes that the average price of the euro for 2022 will be $1.20, which is lower …