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 …
Reopening plans of Prime Minister has spiked up GBP against its counter-currencies particularly USD and EUR. Stabilized equity market has supported the gain of the trade of GBP/USD. This hype in the worth of Sterling is majorly influenced by the intentions of the Prime Minister to reopen. The strong yields of bonds have firmed the trade sentiments of the traders. All these factors have paved the way for …
The traders of USD/JPY have observed a rise in its worth. It seems that their wait is over now. The tables are turning as expected. This shuffle is a permanent characteristic of forex trade. The value of USD/JPY review has finally managed to cross the resistance point of 106.077. The smooth flow of trade is right now on the table. The upward movement continues even the pair has …
The supportive monetary policy of Bank of England (BoE) strengthened the the trade of GBP/USD. The Bank is optimistic about the economic growth. Similarly BoE is hopeful about a supportive GDP. Although pandemic disturbed the economic activities on large scale yet the economy is on its way to recover. The improvement of GDP and the vaccination program both are interlinked factors. Both factors are geared up to stir …
Traders were keenly eyeing the performance of Bank of England for any change in monetary policy. But finally traders are all relaxed with the announcement of unchanged policy. This news have led the value of GBP/USD to jump a bit. The value is now at 1.3642.it has risen from 1.3569. The supporting interest rate and policy of BoE seem to remain the same in the near term. This …
USD/CAD is currently struggling to come out of the writer’s block because of Canadian economy. This trading pair is trapped in the maze of a narrow range. The value of this pair is just shuffling between a narrow range at 1.2790. It lacks momentum of smooth trade. This stuck up phase of trading resembles a writer’s writing block. Sometime a writer loses his creativity and finds himself stuck …
Another roller coaster ride for AUD/USD happens as it is a changing scenario of Forex trading. Loose monetary policy is going to be another crucial factor to influence AUD/USD as it pullbacks under the support level of 0.7740. The value of this pair is currently challenging a new support level at 0.7725. It seems that the changing scenario of Forex market is affecting this pair now. If it …
Forex traders all over the world are eyeing closely safe haven and the Relief package announced by Joe Biden. The value of GBP/USD is in spotlight right now. All the economists are hopeful that Joe Biden will manage to handle this stimulus successfully. All the counter currencies of USD are enjoying a rise in their worth excuse of the weakness of USD. GBP is definitely no exception. The …
Finally Forex market is observing stronger USD vs ASEAN FX. the beginning of 2021 has witnessed a weaker USD. However the recent scenario of Forex trading with minor fiscal stimulus and increasing patients of another wave of pandemic is trying to turn the table for USD. All these economic factors are contributing in strengthening USD. while on the other hand, the ASEAN FX is likely to be influenced …