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EUR/USD Near-term action remains in a sideways mode on conflicting technical signals and ahead of US jobs data, which could provide more evidence about Euro’s direction. Recovery attempts from new 2021 low that left a bear-trap under 1.1290 Fibo level, underpin the action, but overall bearish daily

This is an updated version of a story that originally ran on August 26, 2022. In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending rate to a range of 3% to 3.25%. It is the fifth increase by the US central bank in six months and its third c

What is the US Dollar Index? The US Dollar Index (DXY, DX, USDX) measures the value of the United States dollar relative to a basket of other currencies, including the currencies of some of the US’s major trading partners. The Dollar Index rises when the US dollar gains strength compared to the othe

The euro hovered near its highest since early March on Wednesday, amid growing optimism after a WSJ report that a second round of US-Iran negotiations are being considered. Eurozone growth is now seen slowing to 1.1% this year from 1.4% in 2025, as the war more than negates better-than-predicted exp

The foreign exchange market, also known as the Forex market or the FX market, is also one of the global markets that witnesses a trading volume of almost $6.6 trillion every day. Foreign exchange refers to exchanging one currency trading with another for different reasons that include tourism, inter