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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

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 British pound traded lower on Monday, following sharp swings at the end of last week on news that Finance Minister Reeves has no plans to raise income tax rates in the upcoming budget. But it is reported she has U-turned on plans to raise the rate of income tax, choosing instead to stick to Labo

The Dollar firmed up in morning trade, pulled back some, then turned modestly higher at mid-session. Moves were modest, leaving the DXY inside a 90.09 to 89.92 trading range. Incoming data were mixed, seeing a miss in durable orders and pending home sales, while revised GDP was unchanged from the pr

Introduction: Since the beginning of the year, the global outbreak of COVID-19 has prompted countries and major economies around the world to adopt a series of large-scale economic stimuli to ease policies. Central banks, led by the Federal Reserve, have adjusted their monetary policies to inject li

(Reuters) -Entain’s shares jumped to a record high on Wednesday after the gambling group received a $22.4 billion takeover proposal from U.S. rival DraftKings, double a bid it rejected from joint venture partner MGM in January. Slideshow ( 2 images )Dealmaking is picking up in the online gaming indu

video of today's webinar uploaded and ready to go $USD price action, $EURUSD, $USDCAD with looks at $Gold $Oil and Stonks

Cable is now facing the next key target at the 1.3200 level in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterday, we held the view that ‘the rapid rebound appears to have room to extend higher but for today, a break of 1.3125 appears unlikely (next resistance