Forex, or say its full title: Foreign Currency Exchange is the largest, most liquid market in the world. It is a decentralized global market, where all the currencies in the world are traded with more than $6.6 trillion traded every day. The Forex market deals with the 180 worldwide ‘fiat’ currencies; these are all currencies which [...]
EUR/USD made a drop on Wednesday amid downbeat retail sales data and uptick in the US Treasury yields. US dollar holds onto recent gains with higher yields, strong ISM Manufacturing PMI and covid concerns. German retail sales monthly report showed a fall in figure to -5.5% against the previous record of 7.7% and the forecast [...]
The dovish stance expectation of the Fed has created selling pressure towards the greenback which is favorable for Aussie traders. The US central banks’ policymakers continue to dismiss inflation concerns, suggesting that the Fed could maintain lower rates for longer but investors are wary that a strong pandemic recovery could force the Fed's hand. Vice [...]
