Forex News
- Jun- 2021 -23 June
Boost in Power Sector Till N120 Bn After CBN Intervention
Central Bank of Nigeria’s intervention to rejuvenate the power sector in the country is expected to amount to N120 billion…
Read More » - Apr- 2021 -1 April
Beginners Guide To Open FXCM Demo Account
About FXCM Forex Capital Markets, popularly known as FXCM, is an international online broker dealing in forex and CFDs trading.…
Read More » - Mar- 2021 -6 March
What Are the Best Ways to Use Forex Signals?
A multitude of Forex traders apply Forex Signals to help them make important decisions in trading. They come in different…
Read More » - 5 March
What Is a Choppy Market and Trending Market?
A choppy market is the main threat to orderly trading. Traders and investors know that there are two main market…
Read More » - 3 March
What Are Currency Markets, and How It Works?
The Forex market, also known as the currency market, Fx market, or Foreign exchange, is an increasingly popular market for…
Read More » - Sep- 2020 -26 September
Markets are in for Tough Times, Recovery Time Uncertain
The equity market dynamics are changing fast, and some of the prominent factors exerting significant influence on recovery parameters globally…
Read More » - Jul- 2020 -28 July
LDV Bank Now Offers RON/ERD and EUR/ERD Pairs
In an important development, $ERD can now be exchanged on LDV Bank against fiat currencies. This has been made possible…
Read More » - May- 2020 -1 May
GBP/USD Lacks Traction; 1.264 Acts as a Strong Resistance
GBP/USD on a half-hourly chart draws a downtrend after hitting close to 1.265 in a fortnight of bearish consolidation. Yet,…
Read More » - Apr- 2020 -30 April
USD/CAD Hits Double Bottom and Retests 3-week Low
USD/CAD hits the double bottom on the last day of the ongoing month at 1.38 and holds a strong risk…
Read More » - 29 April
EUR/USD Appears as an Intraday Gainer as it Spikes Above 1.084
EUR/USD draws a positive crossover as it retains support from 50-day and 200-day daily moving averages and has managed to…
Read More » - 28 April
USD/JPY Tests 6-Week Lows as it Dips Below 107
USD/JPY experiences a steep fall from trading above 107 to currently correcting below the major support at 106.8. The pair…
Read More » - 27 April
GBP/USD Analysis: Pound Makes a Notable Comeback as Boris Johnson Resumes
Pound makes a comeback as Boris Johnson recovers and joins the government takes to ease the lockdown as the Coronavirus…
Read More » - 25 April
USD/JPY Accumulates Around 107 Due to Dearth of Traction
USD/JPY is trading in a tight consolidating price range around $107 to $108 over the past 10 days since April…
Read More » - 24 April
EUR/USD Trading Around Imminent Monthly Support at 1.07
EUR/USD has breached the monthly high at 1.113 and is currently below 38.20% Fib Retracement level with monthly support at…
Read More » - 1 April
XAU/USD Loses a Track of Support as it Plummets Below $1,600
Gold price has been eyeing lows at the end of the first quarter as the recession digs deeper and notably…
Read More » - Mar- 2020 -31 March
USD/JPY Draws a Fine Uptrend; Yet Hovers Around 108
USD/JPY hits at 108.43 after a bearish beginning of the week when the pair hit bottom at 107.124 on March…
Read More » - 30 March
EUR/USD Faces an Intraday Dip as the US Lockdown Extends
EUR/USD fails to keep afloat above 1.11 amidst the growing fears from the Coronavirus in America, Europe, and globally. As…
Read More » - 28 March
Indian Rupee Strengthens as the RBI cuts the Repo Rate to Combat COVID’19
USD/INR has closed the week trading around 75.205 with a choppy market experienced for the major part of the week.…
Read More » - 27 March
US Dollar Index (DXY) Loses the Traction; Dips Below 100
US Dollar Index (DXY) continues to recede as the trend falls below 38.20% Fib Retracement level. The index nosedives below…
Read More » - 26 March
USD/JPY Dips Below 111.0 as Greenback Takes the Stage
USD/JPY lies around 110.714 after dropping below 110.5 in the early trading hours on March 26, 2020 The US Dollar…
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