Amid the U.S. attack on Syria, the bombing in Afghanistan, the terrorist attacks across Europe, Brexit, and the Presidential election in France next weekend, it should not be a surprise that the main theme in the Forex market is risk aversion. The U.S. dollar struggled on Friday due to soft…
Category: Forex
Forex trading
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Where Will the US Dollar Go from Here?
The U.S. dollar just kept on falling after the central bank raised interest rates last week. The reason: The Fed was not hawkish enough. The U.S. 10-year note yield also fell from 2.5% to 2.41%. The health-care bill vote was cancelled. Although the dollar jumped on the news, the bill’s…
How Does the FED’s Interest Rate Decision Typically Affect the Stock Market and the Dollar?
The rate decision itself The current market expectation is that the FED will hike the interest rate by 0.25%. If it does not meet the market expectation, the dollar may tank, while the US stock market may rise. On the contrary, if the Fed hikes more than the expectation, the…
Did You Buy the British Pound at 1.20?
Did you buy the British Pound at its lowest level or at around 1.20? This can be great news to you according to the Morgan Stanley Bank. Morgan Stanley said the British Pound’s continued weakness against the euro and against the dollar due to the Brexit might change, and the…
Euro Bounced back after the Referendum Outcome in Italy
Italy’s referendum was defeated. The EUR/USD fell to a 20-month low of 1.0505; however, the pair bounced back immediately. The EUR/USD fell to its lowest level since March 2015 at 1.0505; however, a Renzi resignation somehow ignited the rebound from the low and the pair never looked back. From…