© Reuters. The Reserve Bank of India (RBI) is facing challenges in managing the volatility of the rupee due to a continuous decline in forex reserves, which fell by $2.36 billion to $583.53 billion for the week ending October 20th. This decrease occurred despite a $1.15 billion increase in the preceding week, and follows a
In the world of forex trading, staying ahead of the curve is paramount. Traders are constantly seeking tools and strategies that can provide them with an edge in the volatile forex market. One such tool that has gained significant popularity is the Forex Prediction MT4 Indicator. In this article, we will explore what this indicator
EUR/USD: Awaiting the Pair at 1.0200? ● Having started the past week on a positive note, EUR/USD approached a significant support/resistance level at the 1.0700 zone on Tuesday, October 24, before reversing and sharply declining. According to several analysts, the correction of the DXY Dollar Index that began on October 3rd, which correspondingly drove EUR/USD
EUR/CAD may have found support from a short-term area of interest. Is the pair ready to extend its intraweek uptrend? Before moving on, ICYMI, yesterday’s watchlist checked out AUD/USD’s support zone ahead of mid-tier U.S. data releases and Powell’s speech. Be sure to check out if it’s still a good play! And now for the
Keeping a detailed forex trading journal still not enough for you? If you’re looking to take your journaling a notch higher, you might want to consider getting a tape recorder to keep track of how you talk to yourself while trading. Sounds pretty crazy, huh? You might not be aware of it all the time but
EUR/USD: No Interest Rate Hikes from the Fed and ECB in the Near Future? ● Starting from the last days of September, the U.S. Dollar Index (DXY) has been trading within a sideways channel. Macroeconomic data released last week did not provide a clear advantage to either the U.S. or the European currency. On Tuesday,
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© Reuters. FILE PHOTO: A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. REUTERS/Francis Mascarenhas/File Photo MUMBAI (Reuters) – The Reserve Bank of India (RBI) sold a net $3.86 billion in the spot foreign exchange market in August, according to data released on Thursday as part
EUR/USD: Inflation Drives Trends ● At the beginning of last week, the Dollar Index (DXY) continued its decline that began on October 3, while global equity markets experienced growth. The dovish stance of Federal Reserve officials and the falling yields on U.S. Treasury bonds were driving factors. In recent days, the regulators have been
© Reuters. Neil Phillips, co-founder of Glen Point Capital and former hedge fund chief, is set to face trial next week in New York over allegations of manipulating the foreign exchange market tied to a $20 million transaction handled by Morgan Stanley. The bank’s involvement in the case was disclosed during an indictment revelation amid
