News
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Xiaomi accuses ED of ‘physical violence’ threats during forex investigation
The company alleges intimidation by India’s premier enforcement agency when executives appeared for questioning multiple times in April. Chinese smartphone…
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Shares rebound, Treasury yields rise on stronger data
By Scott Murdoch HONG KONG (Reuters) – Asian shares edged higher on Tuesday despite data reinforcing investor fears the global…
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Top 8 Forex Trading Strategies and their Pros and Cons
Reviewed by Nick Cawley on December 16, 2021. Main talking points: What is a Forex Trading Strategy?Forex Strategies: A Top-level…
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British Pound Notches Best Day Since October 2020, GBP/USD Blasts Through Resistance
BRITISH POUND FORECAST: GBP/USD soars on Tuesday, notching its largest one day increase since October 2020British pound’s gains are supported by…
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USD/JPY slips to near 129.30 on sluggish Japan’s GDP, Fed’s policy tightening bets elevate
USD/JPY has failed to overstep 129.50 on higher-than-expected Japan’s GDP.Fed may feature more 50 bps rate hikes to cool off…
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GBP/USD Price Analysis: 20-DMA probes bulls near 1.2500 ahead of UK inflation
GBP/USD grinds higher around weekly top after rising the most since October 2020.Monthly resistance break, firmer RSI keep buyers hopeful.Previous…
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USD/CAD Price Analysis: Bears have the upper hand while taking on key support areas
USD/CAD is in the hands of the bears that are taking out key support structures. Price imbalance mitigation between 1.2700 and 1.2900…
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Aussie wage price index miss weighs on AUD/USD
AUD/USD is heavy following the miss in Australia’s main wages measure that has been a focus for markets today with…
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US Dollar Index directs four-day downtrend towards 103.00 despite firmer yields
DXY renews weekly bottom during fourth consecutive day of declines.US Treasury yields remain firmer amid upbeat US data, mixed Fedspeak.Market…
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USD/CNY fix: 6.7421 vs the prior fix of 6.7854
In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.7421 vs the prior fix of 6.7854 and the…
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