Forex Market

The Euro (EUR) is maintain its declining trend against the US Dollar (USD) on Tuesday, falling to its lowest level in front of the greenback in about two weeks. The EUR/USD pair is trading lower for the day by 0.29% at 1.1783 after falling as low as low 1.766 at …

Brandon Lewis, UK’s Secretary of State for Northern Ireland, reiterated on Tuesday that they are fully committed to the Northern Ireland protocol and the Withdrawal Agreement. “We have always sought to honour international obligations.”“Overriding need to respect wishes of the Northern Irish public must be kept in mind.”“Our approach guarantees …

In its latest report, the US-based Fitch Ratings reduced its long-term price forecasts for both Brent and West Texas Intermediate (WTI) oil. Key points“The cut in the price forecast is to reflect large underutilized production capacities, the extended period of high oil inventory caused by the coronavirus pandemic, falling upstream …

The euro fell against the dollar on Tuesday, September 8th, as dealers awaited the European Central Bank’s meeting this week, and London’s renewed warning prompted a failure to reach an agreement on Britain’s withdrawal from the European Union. The pound would continue to decline. The euro is hovering around $ …

The Dollar Index (DXY) is maintaining its recent rising trend on Monday, with the US Dollar (USD) showing a strong performance across the board. The DXY, which measures the performance of the USD against a basket of six major international currencies, is up by 0.25% for the day at 92.95, …

The euro’s exchange rate stabilized against the dollar above $ 1.18 Monday (September 7th) as traders assess the latest US jobs data and prepare for the European Central Bank’s meeting on Thursday to see whether policymakers provide more stimulus. The dollar plunged to its lowest level in more than two …

A better than expected decline in the unemployment rate in the United States and a higher than expected labor force participation rate are providing a much needed support for the US Dollar (USD) to maintain its recent rising trend on Friday. The Dollar index (DXY), which measures the performance of …

The US dollar extended its gains, and heading towards its largest weekly gain in nearly four months as an overnight drop in US tech stocks, which rose significantly, fueled a bout of risk aversion in global markets. Nasdaq index decline, as it fell nearly 5% during the session after closing …

FX option expiries for Sept 4 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1700 870m1.1780 615m1.1790 1.8bn1.1800 811m1.1850 651m1.1875 968m1.1900 2.4bn1.1905 554m1.1950 958m  – GBP/USD: GBP amounts         1.3100 261m1.3350 270m – USD/JPY: USD amounts          105.00 692m105.55 482m105.75 365m106.00 1.8bn106.50 613m106.60 570m106.65 870m106.75 455m106.95 …

The British Pound (GBP) is trading lower against the US Dollar (USD) on Wednesday, with the USD rising on the back of strong manufacturing data with surging PMI and factory orders. Meanwhile, the GBP is impacted by recent remarks by policy makers in front of the House of Commons Treasury …