The analysis of the trade of EUR/JPY reflects the strength of Japanese Yen. Recently the EU is facing difficulties in vaccination process against the pandemic. The same process is going on smoothly in USA. However it has become a hurdle in the rising flight of Euro. Thus Euro is the weakling in the trading pair while Yen has an upper hand. Vaccination Process in EU & Rise in …
March proved to be a very disturbing month for NZD. The performance of NZD against CAD was really disappointing in this month. New Zealand Dollar dropped about 5% just in a single month. Thus the month of March totally crushed the expectations of the traders of New Zealand Dollar. This performance is literally worst in the last couple of years. Performance of USD/CAD: One of the crucial factors …
Virus continues to stir the Forex market. Current fall in the trade of Asian Pacific region is solely associated with the impacts of renewed lockdowns. Renewed Lock down and wave of virus: Recent renewed lockdown and restrictive measures have questioned the global economic recovery. The trade of this region has to face the brunt of these restrictive measures. Almost all the currencies lost ground against their counter currencies. …
Read moreNew Wave of Virus and Its Impact on Asian pacific region currencies
Forex market has witnessed a steady USD while at the same time; market is witnessing the weakness of CAD. The vaccination rollout process is going on at different pace in USA and Canada. The traders of CAD are a bit worried due to the weakness of CAD. But the price of this trading pair of USD/CAD has spiked up 0.66%. The major cause and basis of this jump …
Read moreReview CAD : Vaccination Rollout and Weakness of CAD
The traders are eying the FOMC Meeting. The result and outcomes of FOMC are in spotlight. this meeting will influence the trading trend of different currencies in Forex market. Thus the flow of trade was a bit slow. However the anticipation of FOMC Meeting has spiked up the price of safe-haven. As expected, USD gained as compared to its major counter-currencies. While on the other hand, this wait …
USD/JPY is rising at a stable pace. USD is in a strong position while Yen has to deal with a weaker path. The struggle of Yen is notable yet there is no positivity in the near term. The rising USD is capping the struggle of yen. The upcoming trading outlook of USD is positive and profitable. The Bank of Japan is also worried about the weaker path of …
Trading pairs of USD/IDR Vs USD/PHP: USD has some significant trading pairs with ASEAN Currencies. Particularly the traders eye the trading pairs of USD/PHP & USD/IDR. The current trading trend of USD/IDR is strongly Bearish. Trend of trade of USD/PHP is reflecting buying action. The trend of Pair of USD/IDR, Review: The trading pair of Indonesian Rupiah and USD has gained the attention of traders. The pair has …
After a time of toil and disappointment, EUR/USD has finally managed to gain some ground. The calm market is also helping the pair to soar higher. This pair is now regaining the trust and support of traders. Recently USD is moving upward at a slow pace. However this pace seems to increase its momentum in the near term. Different economic factors are currently hinting towards a stronger USD …
Chinese government has recently announced the latest economic data. This Chinese economic data reveals slower than expectations growth and economic recovery of China. Such lower than expectations figures have dragged the value of AUD on Friday. Fall of the value of AUD: After a stable journey now AUD seems to be struggling against USD. On Friday, AUD faced a fall of 2% as compared to USD. This was …
The equity markets of USA rose higher. this rise will likely to influence the trade of USD in the coming days. The chair-person of Fed has assured the investors that Fed will continue to be supportive and adaptable in the near term. The current stance of Fed will likely to extend in the coming days. This assurance has encouraged the rise in the equity markets. Equity markets and …