What are the Six Main Currencies for Forex Trading?
The foreign exchange (forex) market is a vast and highly liquid arena where trillions of dollars are traded daily among countless participants worldwide. To navigate this market effectively, it is crucial to familiarize oneself with the most commonly traded currencies. In this article, we will delve into the characteristics and traits of six major currencies […]
Euro and Pound Struggle to Gain Momentum as USD Rises
Forex Market Analysis: EURUSD and GBPUSD EURUSD and GBPUSD struggled at the beginning of the week, with the US Dollar showing strength and preventing upward movements for the Euro and Pound following Friday’s decline. Despite strong US jobs data, market expectations for the US Federal Reserve’s June meeting have become more dovish, with a 70% […]
Euro Surges Amid Expectations of European Interest Rate Hikes
The euro has been on a steady climb, gaining strength against major global currencies as investors anticipate further interest rate hikes from the European Central Bank (ECB). This upward trend reflects growing confidence in the eurozone’s economic prospects, with the currency extending its gains for the second consecutive session against the US dollar. Meanwhile, the […]
EU’s Perspective on Forex Trading with Currency Correlations
In forex trading, understanding the relationship between currency pairs is critical for success. One of the key aspects of this relationship is currency correlations, which measure how two or more currencies move concerning each other. This article, published originally on The Portugal News website, explores the concept of currency correlations in forex trading from the […]
Euro Falls from Two-Week High Amid Profit-Taking
The euro retreated from its two-week high against the US dollar, experiencing its first loss in four days due to profit-taking, according to a recent article on Economies.com. The euro had previously climbed above $1.1, with bullish comments from ECB officials further bolstering its prospects for a rate hike of 0.5% this week, pushing it […]
