The USD index plummeted amid a decline in US employment. Gold is benefiting from the Fed’s reluctance to raise interest rates. The US dollar touched a seven-week low after an unexpected labour market report. Employment in July unexpectedly fell by 23K. The figures for May were revised down from 129K to 63K, and those for…
Created on August 10, 2026 Day traders waking up this morning and looking over the USD/MXN and the broad Forex market may have been convinced the past handful of days that USD centric weakness is becoming a fixture. However, before speculators decide to simply pursue selling positions a suspicious consideration of the assumed trajectory should…
Created on August 10, 2026 The US dollar has fallen pretty significantly during the trading session here on Friday, testing the 50-day EMA. USD/CHF The US dollar has fallen pretty significantly during the trading session here on Friday, testing the 50-day EMA. The 50-day EMA is an indicator that a lot of people are typically…
Representative image. | Photo Credit: Getty Images/iStockphoto The rupee declined by 11 paise to settle at 95.28 (provisional) against the U.S. dollar on Monday (August 10, 2026) amid a firm greenback and a rise in global crude oil prices. Lack of any breakthrough in talks in West Asia put further pressure on the local unit,…
Created on August 10, 2026 The US dollar has fallen against the Japanese yen on Friday, but still sees support just below current levels. USD/JPY The US dollar has fallen significantly during the trading session on Friday as the jobs report came out at negative 23,000 jobs instead of the expected addition of 85,000 jobs….
Global Retail FX and CFDs broker EBC Financial has announced that it is waiving commission and overnight swap fees on eligible US stock and ETF contracts for difference (CFDs), until 11 September 2026. The offer gives existing and prospective traders lower-cost exposure to price movements in US-listed stocks and ETFs, subject to eligibility requirements and…
Gold opens this week at 4,320-4,340 as an underwhelming U.S. jobs report from Friday pushed Gold to a seven-week high and accelerated… Written by: Arslan Ali Butt • Monday, August 10, 2026 • 3 min read • Last updated: Monday, August 10, 2026 Add an article to your Reading List Register now to be able…
Who is behind the launch of new a new Dubai based CFDs brokerage brand, called Brex Capital? How did NAGA do in the first half of 2026, following its first profitable Q1 quarter? What new B2B partnerships were initiated, involving some of the top service and tech brands in the online trading sector? Which CFDs…
Institutional models and market analysts are increasingly aligning around a multi-quarter target zone that caps out at $2.5 after months of range-bound consolidation around the $1 floor. Written by: Olumide Adesina • Sunday, August 9, 2026 • 2 min read • Last updated: Sunday, August 9, 2026 Add an article to your Reading List Register…
Created on August 09, 2026 USD/MXN The US dollar has plunged against the Mexican peso for the week, testing the lows that we’ve been bouncing along all year. This is right around the 17.15 level, and it seems as if there’s a massive support barrier between there and 17.00. As long as we can stay…