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Welcome to a new trading week. Rising yields in the U.S. continued to support the greenback as it outperformed the euro and British pound. The pound came under additional selling pressure as the...
The U.S. dollar was mostly stronger versus other peers ahead of the Federal Reserve policy statement. The global recovery gains traction and investors eager to see whether the Fed will come up with a...
This week will be dominated by the Federal Reserve meeting and the Fed’s statement on Wednesday. Traders will pay attention to updated economic projections and potential comments on rising...
Weaker-than-expected U.S. consumer price inflation data eased concerns about the U.S. economy overheating and drove the U.S. dollar lower against most of its peers Wednesday. The euro and pound...
Friday’s U.S. jobs report beat all estimates and showed an increase of 379,000 jobs in February while the unemployment rate dropped to 6.2 percent. Economists expect that the re-opening of...
Wednesday’s trading has proven challenging as our major currency pairs struggled to find a clear direction. GBP/USD rejected 1.40 but subsequent bearish momentum was not enough to send the pair...
Welcome everyone to a new trading month.The US Dollar Index dipped this morning after Friday’s appreciation and Treasury yields stabilized following last week’s rally. Traders will likely...
The pound sterling soared to a high of 1.4243 against the U.S. dollar despite heavily overbought conditions. The pound’s uptrend has been bolstered by Prime Minister Boris Johnson’s...
Welcome to a new trading week.Positive market sentiment continued as investors took comfort from positive news on vaccine efficacy. In Israel, the Pfizer Inc. (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX)...
The biggest story in the Forex market was the rise of the British pound which jumped to the highest level since April 2018. Falling coronavirus cases, the U.K.’s successful vaccination drive and...
Welcome to a new trading week.Friday’s U.S. jobs report came in weaker than expected and reinforced the fragility of the economic recovery while highlighting the case for further stimulus. The...
The Reddit-style enthusiasm from hordes of retail traders has unleashed an unprecedented rally in the market with a jump in demand for Silver bars and coins over the weekend. Many retail investors...
The British pound rose to a high of 1.3750 against the U.S. dollar and analysts predict that sterling will continue to outperform against other peers. One of the reasons for the pound’s strength...
Friday saw the euro tread water with the price reluctant to push above the 1.2180-mark. Thus, the technical picture in the EUR/USD has not fundamentally changed but we still anticipate another leg up...
The anti-risk U.S. dollar started this day with another round of weakness on optimism that U.S. fiscal spending will revive economic growth. Yesterday however, we saw the dollar slightly appreciating...
Last week ended with a lack of risk appetite in the market and the anti-risk U.S. dollar benefitted as a result, while short traders in the EUR/USD and GBP/USD were able to take a good profit....
U.S. President Donald Trump was impeached by the U.S. House for encouraging supporters before the Jan. 6 riot, making him the only U.S. president to be impeached twice. Trump’s term ends on Jan....