US Economy Proves Stronger-Than-Expected in 2024

US Economy Proves Stronger-Than-Expected in 2024

The US economy performed better-than-expected in 2024, with the International Monetary Fund (IMF) upgrading its growth forecast for the region, and the resilience may persist in 2025…

Will EUR/USD hit parity in 2025?

Will EUR/USD hit parity in 2025?

EUR/USD has fallen sharply from the 1.12 level it was trading it just a few months ago. But a lot can change in the markets over a…

Weekly Pairs in Focus - December 22 (Charts)

Weekly Pairs in Focus – December 29 (Charts)

Created on December 29, 2024 Gold Gold markets had initially tried to rally during the previous week but had given back quite a bit of the gains…

Russian national handled OctaFX global forex operations: ED | Mumbai news

Russian national handled OctaFX global forex operations: ED | Mumbai news

MUMBAI: The Enforcement Directorate (ED) has launched an investigation into a money laundering scheme involving OctaFX, a global foreign exchange trading platform owned and directed by Russian…

Insights on Extremes in Sentiment & Momentum

Insights on Extremes in Sentiment & Momentum

One of the most prominent moves of the year occurred in December as USD/CAD broke through major technical resistance. The move unleashed a rally of more than…

Top surprises in 2024 – AUD/USD

Top surprises in 2024 – AUD/USD

Despite the RBA remaining hawkish for much of the year, the AUD/USD got toasted nevertheless.   When your interest rates are among the highest in the G10…

Forex business reform improve efficiency, provides guidance for firms

Forex business reform improve efficiency, provides guidance for firms

China is advancing reform in foreign exchange business to streamline procedures and provide operational guidance for enterprises, with six supporting rules released on Friday to further define…

India forex reserves plummet to 7-month low as rupee keeps falling: RBI data- The Week

India forex reserves plummet to 7-month low as rupee keeps falling: RBI data- The Week

The latest data released by the Reserve Bank of India (RBI) revealed that the country’s foreign exchange reserves plummeted to USD 644.4 billion (or Rs 54.79 lakh…

Donald Trump Requests Supreme Court Postpone TikTok Ban

Donald Trump Requests Supreme Court Postpone TikTok Ban

Donald Trump Olumide Adesina•Saturday, December 28, 2024•2 min read Add an article to your Reading List Register now to be able to add articles to your reading…

Won-dollar foreign exchange rate soars to record high 1,486

Won-dollar foreign exchange rate soars to record high 1,486

During trading hours, the won-dollar foreign exchange rate surged to 1,480. The exchange rate has continuously risen since the December 3 Martial Law incident, which peaked with…