TAG forex

The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of volume of trading, it is by far the largest market in the world

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Crypto Weekly – Aug. 17

Major cryptocurrencies, except Ethereum, opened the week in green, but gains were short-lived and the cryptocurrency market was a sea of red by Tuesday after Bitcoin fell below the crucial mark of $6,000 late Monday. Cryptocurrencies suffered losses th…

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USD/CAD – Loonie rallies hard on inflation data

Canadian headline inflation this morning beat market expectations and printed a seven-year high last month, while the measure of core-inflation remained relatively stable. Canada’s CPI rose +3.0% y/y, following a +2.5% rise in June. Market expectations were looking for a headline print of +2.5%. On a month-over-month basis, prices rose +0.5% in July, after advancing […]

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USD/JPY – Yen gains ground as greenback loses luster

The Japanese yen has posted losses in the Friday session. In the North American session, USD/JPY is trading at 110.45, down 0.40% on the day. On the release front, Preliminary UoM Consumer Sentiment disappointed, dropping from 97.1 to 95.3 points. This missed the forecast of 98.1 points. There are no Japanese events on the schedule. After […]

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USD/CAD – Canadian dollar Jumps on Strong CPI

The Canadian dollar has improved in the Friday session. Currently, USD/CAD is trading at 1.3082, down 0.56% on the day. On the release front, Canada’s monthly CPI was unexpectedly strong, climbing 0.5%. This easily beat the estimate of 0.1%. Other inflation indicators looked strong, with readings around 2.0%. There was more good news as Foreign […]

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