The shared currency continues to struggle under the weight of expectations for more aggressive interest rate cuts by the European Central Bank (ECB) amid a gloomy Eurozone economic outlook. The ECB is projected to lower its Deposit Facility Rate by...
Forex Market The Forex Market (Foreign Exchange) is the largest and most liquid financial market in the world, where currencies are traded against each other. It operates globally 24 hours a day, five days a week, enabling traders from all time...
China's Caixin Services PMI unexpectedly dropped to 51.5 from 52.0, intensifying concerns about the fragile recovery in the world's second-largest economy. This has added pressure on the Australian Dollar (AUD), often seen as a proxy for Chinese...
DXY: US Dollar Index. Trump's statements weaken the dollar The U.S. dollar index ( DXY ) is down for a second straight day, hitting a new monthly low, down nearly 0.40% on the day and remains on track for a second straight week of losses. Markets...
The EUR/USD pair is displaying a consolidation phase on the hourly chart, indicating indecision among market participants. Over the past few sessions, the pair has been trading within a narrow range, with the 1.0800 level acting as a central pivot...
