Forex News

What Is a Choppy Market and Trending Market?

A choppy market is the main threat to orderly trading. Traders and investors know that there are two main market…

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What Are Currency Markets, and How It Works?

The Forex market, also known as the currency market, Fx market, or Foreign exchange, is an increasingly popular market for…

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Markets are in for Tough Times, Recovery Time Uncertain

The equity market dynamics are changing fast, and some of the prominent factors exerting significant influence on recovery parameters globally…

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LDV Bank Now Offers RON/ERD and EUR/ERD Pairs

In an important development, $ERD can now be exchanged on LDV Bank against fiat currencies. This has been made possible…

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GBP/USD Lacks Traction; 1.264 Acts as a Strong Resistance

GBP/USD on a half-hourly chart draws a downtrend after hitting close to 1.265 in a fortnight of bearish consolidation. Yet,…

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USD/CAD Hits Double Bottom and Retests 3-week Low

USD/CAD hits the double bottom on the last day of the ongoing month at 1.38 and holds a strong risk…

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EUR/USD Appears as an Intraday Gainer as it Spikes Above 1.084

EUR/USD draws a positive crossover as it retains support from 50-day and 200-day daily moving averages and has managed to…

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USD/JPY Tests 6-Week Lows as it Dips Below 107

USD/JPY experiences a steep fall from trading above 107 to currently correcting below the major support at 106.8. The pair…

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GBP/USD Analysis: Pound Makes a Notable Comeback as Boris Johnson Resumes

Pound makes a comeback as Boris Johnson recovers and joins the government takes to ease the lockdown as the Coronavirus…

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USD/JPY Accumulates Around 107 Due to Dearth of Traction

USD/JPY is trading in a tight consolidating price range around $107 to $108 over the past 10 days since April…

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EUR/USD Trading Around Imminent Monthly Support at 1.07

EUR/USD has breached the monthly high at 1.113 and is currently below 38.20% Fib Retracement level with monthly support at…

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XAU/USD Loses a Track of Support as it Plummets Below $1,600

Gold price has been eyeing lows at the end of the first quarter as the recession digs deeper and notably…

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USD/JPY Draws a Fine Uptrend; Yet Hovers Around 108

USD/JPY hits at 108.43 after a bearish beginning of the week when the pair hit bottom at 107.124 on March…

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EUR/USD Faces an Intraday Dip as the US Lockdown Extends

EUR/USD fails to keep afloat above 1.11 amidst the growing fears from the Coronavirus in America, Europe, and globally. As…

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Indian Rupee Strengthens as the RBI cuts the Repo Rate to Combat COVID’19

USD/INR has closed the week trading around 75.205 with a choppy market experienced for the major part of the week.…

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US Dollar Index (DXY) Loses the Traction; Dips Below 100

US Dollar Index (DXY) continues to recede as the trend falls below 38.20% Fib Retracement level. The index nosedives below…

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USD/JPY Dips Below 111.0 as Greenback Takes the Stage

USD/JPY lies around 110.714 after dropping below 110.5 in the early trading hours on March 26, 2020 The US Dollar…

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Gold/USD Analysis: Gold Experiences an Intraday Pullback Yet Remains Above $1,600

Gold reverses a 3-day bullish crossover as it fell below $1,640 in the early Asian trading hours and is slaying…

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GBP/USD Analysis: GBP/USD Rests Around 1.165 After Nearing 1985’s Low

GBP/USD is back to trading around 1.1600 after mixed reaction observed as Fed and BoE prioritize and allow unlimited QE.…

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World Economy Marks the “Ugliest Week” as Recession Digs Deeper

Amidst the global crisis going on due to the Chinese virus outbreak–COVID’19, the entire world is slayed as the virus…

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