Forex Market

The U.S. Dollar (USD) is maintaining its gains against the Canadian Dollar (CAD) on Wednesday, despite the latter being supported by a rise in oil prices on the back of a large drop in crude stockpiles in the United States. The USD/CAD pair is up for the day by 0.55% …

The U.S. Dollar (USD) rose on Wednesday, following the release of positive economic data that showed a rise in durable goods orders in December. The rise of the USD also comes amid anticipation for the outcomes of the Federal Reserve policy meeting, which is expected maintain interest rates unchanged near …

GBP/USD continued its corrective slide from several-month highs, and reached its daily low, with a target of 1.3700. After optimism about the launch of Covid 19 vaccines and hopes for a global economic recovery faded, along with doubts about the timing of the US stimulus plan, all this affected the …

The U.S. Dollar (USD) is declining across the board on Tuesday, as investors are seeking riskier currencies as assets amid an improvement in the risk appetite. Concerns about the problems facing the rollout of Coronavirus vaccines around the world as well as the rising number of new COVID-19 cases helped …

The U.S. Dollar (USD) has switched its losses earlier in the first session of the week to show a mostly positive performance on Monday. In the absence of major economic data in the United States, the market continues to be dominated by concerns about the Coronavirus pandemic, which is curbing …

The U.S. Dollar (USD) is showing a relatively stable performance on Friday. After declining throughout the past three sessions, the greenback is making small gains on the last session of the week. This comes amid a softening in the risk appetite, which swayed investors away from the USD towards riskier …

The UK manufacturing and services sector activities declined in January, the preliminary report from IHS Markit showed on Friday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) hit a seven-month low of 52.9 in January versus 54.0 expected and 57.5 – December’s final reading.

The U.S. Dollar (USD) declined on Thursday for the third consecutive session, with investors moving towards other currencies. This comes amid increased hopes for economic recovery amid the rollout of vaccines and the expansion of government stimulus in the United States, both of which has been promised by the new …

The British Pound (GBP) is showing a positive performance on Thursday supported by recent remarks by the Bank of England (BoE) Governor Andrew Bailey that suggested the United Kingdom’s (UK) economy will strongly recover from the Coronavirus pandemic thanks to vaccination. “I really do think that we are going to …

Government data revealed that Japanese exports rose for the first time in two years in December, driven by shipments to China, providing a glimmer of hope for policymakers who are counting on an export-led recovery amid an increase in coronavirus cases. A recovery in exports may ease the risk of …