The Russian ruble has recorded a significant comeback over the past three and a half days on Thursday, amid a steady recovery in global equities as short selling pressure abated. The Market focus turned to what reactions might be from Moscow demanding that its gas exports be paid for in rubles. At press time, the […]
The EUR/USD pair has maintained a downward trend for the past few days, although this trend follows a non-linear pattern. The pair traded around the 1.1000 mark in the London session on Tuesday as investors remained on the sidelines ahead of the speech from the European Central Board (ECB)’s President Christian Lagarde and the announcement […]
The US dollar traded on an upbeat tone against the Japanese yen on Tuesday, as investors placed new bullish bets, following the Fed rate hike news. The outflow of investors from the yen sent the USD/JPY pair soaring above the 120 level, as the Bank of Japan (BoJ) remains isolated with its dovish policy outlook. […]
The USD/CAD pair traded on a bullish path in the London session on Tuesday, as the currency pair hit a one-week high at 1.2871. However, the pair appears to have run out of bullish steam as it spiraled towards the 1.2820 amid a mild weakness in the US dollar. Modest optimism over the progressing peace […]
USD/JPY gathers latest losses near 115.00 as risk-off feeling supports the Dollar’s demand during today’s Asian session. The risk gauge pair was also affected by the remarks from the Fed policymakers and a powerful US Job report. Stimulating Factors The continued Russian attack on Ukraine revealed that the peace talk which was recently held between […]
The USD index undulates between 97.25 and 97.20 as traders expect US President (Joe Biden) first State of the Union during today’s Asian session. The dollar measure musters the past day as the desire for risk worsen due to Ukraine-Russia news. The Latest Developments and Key Points of Pay Attention Recently, IMF(International Monetary Fund) and […]
The EUR/USD pair has fallen dramatically in the early European session on Thursday, coming a few inches to the 1.1200 support. The massive sell-off comes amid heightened geopolitical tensions as Russia invades Ukraine, which sparked risk flight by investors into safe-haven assets like gold and oil. Recent updates from Ukraine’s Interior Ministry confirm that Kyiv, […]
The US Dollar Index (DXY), which tracks the price action of the dollar against the top seven currencies, enjoyed some upward mobility this week amid the worsening risk-off sentiment across the financial markets. The greenback recorded its fourth consecutive bullish day on Tuesday, as it received support from heightened geopolitical fears as military presence and […]
The Japanese yen fell slightly against the US dollar on Friday, erasing some of the gains accrued on the day. However, the safe-haven currency thrived against the dollar from a weekly time-frame perspective amid the worsening Russia-Ukraine tensions. In the New York session on Friday, the USD climbed by 10 basis points (bps) against the […]
