Forex Market

The Euro (EUR) is trading higher on Monday, opening the week with a positive performance amid a decline by the U.S. (USD) that is seeing increased selling pressures for profit-making after surging to a nine-month high last week. The European currency’s rise comes despite a recent slump in Eurozone consumer …

Japan’s Nikkei index jumped Monday, August 23, after falling to an eight-month low in the previous session, as auto stocks rebounded from losses after Toyota Motor announced a 40% cut in global production next month. Nikkei climbed 1.78% to 27,494.24 thanks to bargain hunting, after hitting its lowest level since …

The Japanese Nikkei index closed at its lowest level in nearly eight months on Friday, led by the decline in shares of automakers and related sectors due to growing concern about the recovery after Toyota cut its global production. The Nikkei index fell 0.98 percent to close at 27,013.25 points, …

The British Pound (GBP) declined on Thursday for the fourth consecutive day, maintaining a negative performance against the U.S. Dollar (USD) since the beginning of the week. The GBP/USD lost 0.82%, its biggest daily loss since June 18, to reach 1.3641, its lowest level since July. Month-to-date the pair is …

USD/JPY rose to a one-week high of 110.22 on Thursday but is having trouble maintaining bullish momentum, the pair was little changed on a daily basis at 109.72. The sharp decline in the major European stock indices drove the demand for the Japanese yen on Thursday due to risk aversion …

The dollar rose to a 9-month high on Thursday, as global markets fell after the minutes of the latest US Federal Reserve meeting revealed that policymakers expect to reduce the stimulus related to the Corona pandemic period before the end of the year. The dollar index, which measures the performance …

Japanese stocks rebounded Wednesday, August 18th, led by gains in FUJIFILM and other defensive stocks, while the benchmark Nikkei index ended a four-day losing streak, but concerns about the delta strain kept investors on guard. The Nikkei index rose 0.59% to 27,585.91 points, reversing losses incurred earlier when it reached …

The U.S. Dollar (USD) rose on Tuesday for the second consecutive session and registered its biggest gains against major currencies since mid-June to settle at its highest closing level since November 4, 2020. The Dollar Index (DXY) measures the greenback’s performance against a basket of six major international currencies increased …

On Tuesday, August 17th, the Turkish lira touched its strongest level against the US currency in nearly two weeks after investors’ concerns about a possible further easing in monetary policy eased. The lira reached 8.39 against the dollar, rising from a closing level of 8.4550 on Monday. Last week, Turkey’s …

The Japanese Nikkei index fell for the fourth consecutive session Tuesday, August 17th as concerns about the rapidly spreading delta strain of the Coronavirus overshadowed optimism about promising results for companies. The index closed down by 0.36% to 27424.47 points, erasing its previous gains, which amounted to 0.52%, following strong …