The current dynamics in the world forex market are being influenced by factors such as poor economic performance, movements in central banks, and political instability. Poor economic indicators from countries such as the UK and US, which show slowing growth for the former and poor dollar performance for the latter,
Trader’s Action Plan – Market Outlook Global markets are very sensitive today because of US inflation data and what the central banks might do. The Federal Reserve is being careful about inflation. This is helping the US Dollar. The Dollar Index is strong because of this. Today traders will focus
Australian stock markets began their trading session with steep declines on Monday morning. However, there was a a recovery in losses during midday trading as well. Benchmark index S&P/ASX 200 was down below the 8,700 mark, indicating low investor confidence. There was strong selling pressure noted on financial and technology
AUD/JPY regains just holding near 112.50 after the Reserve Bank of Australia (RBA) high its official cash rate to 4.35%. The pair trades around 112.65 in early European hours on Tuesday with the Australian Dollar gaining modest support from the rate decision. Traders now look ahead to Governor Michele Bullock
EUR/USD met some selling stress after rising to the mid-1.1700s during the Asian session closing much of the bullish gap seen at the start of the week. Despite this the pair is still holding above the key 1.1700 level so traders should be careful before expecting a continuity of Friday’s
EUR/CAD continues to move lower for the third direct session trading near 1.5920 during Friday Asian session. The pair is under stress as the Euro weakens mostly due to rising risk aversion linked to ongoing tensions in the Middle East. On Thursday US President Donald Trump said the naval siege