Institutional trading venue Spotex has announced the appointment of Joe Tuccio as Head of Digital Assets. Joe joins the US-based firm at a pivotal stage in its growth, as Spotex builds on its established expertise in FX and precious metals to expand its institutional offering across digital assets. Joe Tuccio is currently Head of Digital…
The New Zealand dollar has seen buying pressures again on Wednesday, as we are looking at the RBNZ and waiting to see if the hawkish tone continues. NZD/USD The New Zealand dollar has rallied again during the trading session on Wednesday as we are now peaking above the 200-day EMA just as we had done…
Bullish view Bearish view The GBP/USD exchange rate held steady, reaching its highest level since May 12 this year as the US dollar weakness continued after the recent US inflation report. It jumped to 1.3535, up by 3% from its lowest level since June 24. Sterling Gains Ahead of Andy Burnham Premiership The GBP/USD pair…
Representative image. | Photo Credit: Getty Images/iStockphotos The rupee declined 6 paise to 96.31 against the U.S. dollar in early trade on Thursday (July 16, 2026) amid volatility in global crude oil prices and a stronger greenback with the West Asia crisis showing no signs of abating. FII outflows continued to weigh on the local…
Bearish view Bullish view The AUD/USD pair rose slightly after the US published a soft consumer inflation report, which lowered the possibility that the Federal Reserve will hike interest rates soon. It rose to 0.6975, a few pips above this week’s low of 0.6915. US PPI Data and Kevin Warsh Testimony Ahead The AUD/USD pair…
Silver’s recovery lost momentum below the $60 mark this week despite softer-than-expected US inflation, highlighting a macro backdrop that has become less supportive than many investors anticipated. Ordinarily, a downside surprise in CPI would trigger a broader Dollar selloff and provide precious metals with a meaningful tailwind. This time, however, the Dollar’s decline proved relatively…
Bearish view Bullish view The GBP/USD pair was flat today, July 15, as traders reacted to Kevin Warsh’s first statement in Congress and the US consumer inflation report. It was trading at 1.3387 as focus remains on US inflation and the Federal Reserve’s next actions. Federal Reserve and Bank of England Rate Hikes Odds The…
The Canadian dollar has broken above the crucial 115 yen on Tuesday, as oil continues to show signs of strength. The long-term correlation seems to be in effect at this point. CAD/JPY The Canadian dollar has broken above the crucial 115 yen level as we continue to see the oil trade play out. Oil rises,…
FNG Exclusive… FNG has learned that FCA licensed online broker Tickmill UK has launched a new Interactive Brokers Multi-Asset Account, expanding the range of global markets and investment opportunities available to its UK clients through a strategic partnership with Interactive Brokers (NASDAQ:IBKR). The new offering gives UK-based clients access to a comprehensive range of global…
The forex market can also be highly unpredictable during major economic events, central bank announcements and geopolitical developments. These high-volatility periods tend to present opportunities and risks for traders alike. With such market conditions, many traders use indicators to understand market trends, measure momentum and manage management. While no indicator can predict the market perfectly,…