EUR/USD knocks on the door of 1.0500 after euro area PMI data – ForexLive
EUR/USD Daily Chart PMI data from France and Germany was certainly impressed, even if they still reflect the quite lukewarm economic situation. Even if there is a little concern about the price pressure with a more modest performance, a more modest performance needs to reduce the rate by putting ECB on the track. For now, […]
Dollar firms as traders check back on tariffs – ForexLive
The dollar fell yesterday as traders held out hope that President Trump might not take a tough stance on tariffs. His inaugural address and first orders were not very forceful on this issue, but later in the day he issued a warning here. This brings markets back to reality that things are not that simple […]
USD/CAD touches the lowest since December 17 after tariff reprieve – ForexLive
The Canadian dollar has moved significantly today, trading in a 220 pips range. The pair rose to a year-to-date high of 1.4485 on concerns that President Trump could impose first-day tariffs of up to 25% on Canada, sparking retaliation and a trade war. But the WSJ report emphasized that President Trump only plans to sign […]
The yuan has hit its highest since mid-October 2022 (using its trade-weighted value) – ForexLive
of CFETS Renminbi Index (often referred to as the “Renminbi CFETS Index”) is a trade-weighted currency index published by the China Foreign Exchange Trading System (CFETS). It measures the value of the Chinese Yuan (CNY) against a basket of currencies of China's major trading partners. Globally, the US dollar has appreciated and the renminbi (US […]
The year is over: 2024 forex closing levels and annual percentage changes – ForexLive
Happy new year Welcome to 2025! The clock has moved on the foreign exchange market and we have embarked on a new chart. The final closing price levels for major pairs in 2024 are: Euro: 1.0354 Japanese Yen: 157.21 yen British Pound: 1.2524 Swiss Franc: 0.9072 Canadian dollar: 1.4380 Australian dollar: 0.6188 New Zealand dollar: […]
ForexLive Asia-Pacific FX news wrap: USD/JPY drops under 156.40 – ForexLive
High risk warning: Foreign exchange trading involves a high level of risk and is not suitable for all investors. Leverage introduces additional risks and losses. Please consider your investment objectives, experience level, and risk tolerance carefully before deciding to trade foreign exchange. You may lose some or all of your initial investment. Don't invest money […]
Forexlive Asia-pacific FX news wrap for Monday 30 December 2024 – holiday trade persists – ForexLive
High risk warning: Foreign exchange trading involves a high level of risk and is not suitable for all investors. Leverage introduces additional risks and losses. Please consider your investment objectives, experience level, and risk tolerance carefully before deciding to trade foreign exchange. You may lose some or all of your initial investment. Don't invest money […]
China’s efforts to prop up its flagging stock market has made yuan a casualty – ForexLive
High risk warning: Foreign exchange trading involves a high level of risk and is not suitable for all investors. Leverage introduces additional risks and losses. Please consider your investment objectives, experience level, and risk tolerance carefully before deciding to trade foreign exchange. You may lose some or all of your initial investment. Don't invest money […]
Can gold count on its best month of the year to start 2025 trading? – ForexLive
Things are a little trickier this time around, as gold prices have already risen more than 27% in 2024. So far, the situation has calmed down in November and December, but this is probably largely due to the US election results, which in turn are influencing the US election results. The Fed provided some guidance […]
Bitcoin Price Prediction by AI – ForexLive
As Bitcoin continues to dominate the crypto market, traders and investors are always looking for insight into Bitcoin price movements. Utilize cutting-edge technology AI-based analysisWe aim to provide greater clarity on Bitcoin's current market dynamics and potential price trajectory. our Analysis using AI I suggest Slightly bearish outlookthe score is -5 Buckle up, you bears! […]