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author-avatar Jack Perry
Forex, News
May 16, 2023
16 May 2023

How the South Korean Won Exchange Rate Affects the Economy

The South Korean won (KRW) is the official currency of South Korea, and one of the most traded currencies in the world. The exchange rate of the won against other currencies, especially the US dollar (USD), has a significant impact on the country's e...
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How the US Dollar Index Performed in May 2023
author-avatar Jack Perry
Forex, News
May 16, 2023
16 May 2023

How the US Dollar Index Performed in May 2023

The US Dollar Index (USDX) is a benchmark that measures the value of the US dollar against a basket of six major currencies: EUR, JPY, GBP, CHF, CAD and SEK. It is widely used by traders and investors to gauge the strength or weakness of the greenbac...
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USD Surges on Fears of Global Recession
author-avatar Jack Perry
Forex, News
May 13, 2023
14 May 2023

USD Surges on Fears of Global Recession

The US dollar rose to a two-year high against a basket of currencies on Tuesday, as investors sought safety amid growing concerns about the global economy. The dollar index, which measures the greenback against a basket of six major currencies, ro...
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Understanding the Factors Behind the Malaysian Ringgit's Depreciation in 2023.
author-avatar Jack Perry
Forex, News
May 13, 2023
13 May 2023

Understanding the Factors Behind the Malaysian Ringgit’s Depreciation in 2023

Introduction: The Malaysian ringgit (MYR) is the official currency of Malaysia. It has been in circulation since 1967 and has played a significant role in the country's economic growth. However, in recent years, the currency has experienced fluctuat...
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In this article, we will look at the recent price action of EUR/USD and how to trade it after it bounced back from multi-week lows near 1.0900. We will also discuss the key levels to watch, the potential scenarios, and the best strategies to use.
author-avatar Mark Klocke
Analysis
May 12, 2023
12 May 2023

How to Trade EUR/USD After Rebounding From Multi-Week Lows

The EUR/USD pair is one of the most popular and liquid currency pairs in the forex market. It represents the exchange rate between the euro and the US dollar, which are the two largest economies and reserve currencies in the world. The pair is affect...
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USD/JPY Analysis: Consolidation Breakout Looms Ahead of US Inflation Data
author-avatar Martha Pulido
Analysis
May 11, 2023
11 May 2023

USD/JPY Analysis: Consolidation Breakout Looms Ahead of US Inflation Data

  The USD/JPY pair has been trading in a narrow range of 134.69-135.36 for the past three days, as the market awaits the release of the US consumer price index (CPI) for April on Wednesday. The pair is currently hovering around the 135.00 mar...
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GBP/USD Slides Below 1.26 as Dollar Strengthens
author-avatar Martha Pulido
Analysis
May 11, 2023
11 May 2023

GBP/USD Slides Below 1.26 as Dollar Strengthens

The British pound weakened against the US dollar on Thursday, as the greenback rallied across the board amid higher inflation expectations and bond yields. The GBP/USD pair extended its decline from the 1.2680 area, which was the highest level since ...
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How the US debt ceiling crisis affects the euro
author-avatar Mark Klocke
Analysis
May 11, 2023
11 May 2023

How the US debt ceiling crisis affects the euro

The euro has lost some of its gains against the US dollar in recent days, as the US faces a looming deadline to raise its debt ceiling or risk defaulting on its obligations. The US debt ceiling is a legal limit on how much the federal government can ...
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How the Debt Ceiling Crisis Could Affect the Euro-Dollar Exchange Rate
author-avatar Mark Klocke
Analysis
May 11, 2023
11 May 2023

How the Debt Ceiling Crisis Could Affect the Euro-Dollar Exchange Rate

The euro-dollar exchange rate is one of the most important indicators of the global economy, reflecting the relative strength and stability of the two largest currency areas in the world. However, the exchange rate is also influenced by political fac...
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How CME Group's Crude Oil Futures Markets Reacted to the Latest Data
author-avatar Andrew Johnson
Commodities, News
May 11, 2023
11 May 2023

How CME Group’s Crude Oil Futures Markets Reacted to the Latest Data

The latest data from CME Group showed that traders reduced their open interest positions in crude oil futures markets by a small margin on Wednesday, while volume increased for the second consecutive session. This article will analyze what this means...
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AUD/USD Trades with a Slight Negative Bias, Lacks Follow-Through
author-avatar Martha Pulido
Analysis
May 10, 2023
10 May 2023

AUD/USD Trades with a Slight Negative Bias, Lacks Follow-Through

Introduction: The AUD/USD pair is a popular currency pair that represents the exchange rate between the Australian dollar and the US dollar. In recent days, the pair has attracted some sellers following an intraday uptick to the 0.6775 area on Wedne...
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USD/JPY Unlikely to Drop to 133.00, Say Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group
author-avatar Martha Pulido
Analysis
May 10, 2023
10 May 2023

USD/JPY Unlikely to Drop to 133.00, Say Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group

Introduction: The exchange rate between the US dollar (USD) and the Japanese yen (JPY) is closely watched by investors and analysts as it reflects the strength of the US and Japanese economies. Recently, there has been speculation about the likeliho...
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