Dollar Weakens Against Other Major Currencies
The U.S. dollar retreated after early gains on Tuesday, as traders continued to closely track the progress on the stimulus…
XE Market Analysis: Asia – Jan 26, 2021
The Dollar stumbled slightly in morning trade on Tuesday, seeing the DXY dip from 90.61 to 90.12 lows, before recovering…
Fed will be reassured by rising inflation expectations
The rebound in market-based inflation compensation measures will not alarm the Fed since expectations are still relatively muted. Instead, Fed…
IMF Boosts Global Growth Forecast On Hopes Of Pandemic Turnaround
Global economy is set to expand at a faster rate this year than expected earlier as vaccination against the coronavirus…
U.S. Consumer Confidence Unexpectedly Improves In January
Reflecting an increase in optimism about the short-term economic outlook, the Conference Board released a report on Tuesday unexpectedly showing…
XE Market Analysis: North America – Jan 26, 2021
The dollar rose and then ebbed, tracking first a drop in most Asian stock markets and then steadying as investor…
UK Jobless Rate Highest Since 2016 On Tough Lockdown Restrictions
The UK unemployment rate rose to a four-year high and the employment rate continued to decline in the three months…
EUR/GBP Remains Under Pressure Amid Weakness in The Euro
EUR/GBP dropped to 0.8828 in the last week and is currently trading sideways at 0.8884. The pair made a high…
USD/CAD Appears To Move Above 1.2800
USD/CAD bulls are strengthening their position and challenging the next hurdle at 1.2770 on their way to recovery from a…
EUR/USD Price Pattern Is Bearish Bears Eyeing a Move Below 1.2100
EUR/USD is once again declining towards the Fibo 38.2% support level at 1.2063. The pair moved lower earlier in the…