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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

Trade is likely to be thinned this week by Thanksgiving in the United States, but the virus’ resurgence has traders once again monitoring COVID-19 cases and governments’ responses. USDIndex at 16-month highs above 96.00. Yields: 10-year Treasury rate is up 1.4 bp at 1.57%, while across the Asia Paci

Sterling dipped on Thursday as oil prices pushed above $100 per barrel, weighing on investor sentiment. UK inflation jumped to 3.3% in March, largely due to increased fuel prices. A majority of economists polled by Reuters expect the BOE to keep rates unchanged for the rest of the year, arguing poli

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

GBP/USD has been recovering as the US yields retreat from their highs. Britain's covid vaccine achievements may allow the pound to extend its recovery. Monday's four-hour chart is showing cable is setting higher highs. Nearly 27 jabs per second – that is on reflections of Britain's record day of vac

The dollar sank to its lowest level in a month while the pound shot up on Wednesday after Trump said he agreed to suspend planned attacks on Iranian infrastructure for two weeks. Iran's 10-point proposal includes withdrawing US combat forces from all regional bases, lifting all sanctions, releasing