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Past Performance: Past Performance is not an indicator of future results. After a 2020 which saw the greenback's value decline significantly (off the back of the Federal Reserve's unlimited quantitative easing), 2021 has seen the currency stabilise and begin to appreciate. The USDOLLAR has now shifted up a gear. Technically speaking there are a number of positives to the weekly chart above. The USDOLLAR has moved above its black 30-week…
The ECB Changes Monetary Policy Strategy to Symmetric Target On 8 July the ECB announced its new monetary policy strategy of symmetric 2% inflation over the medium term. The target is symmetric in that any deviation, be it positive or negative, is regarded as "equally undesirable." Market participants were eager to learn more and there was a keen focus on the ECB statement and President's Lagarde's press conference on 22…
Australia's economy is officially above pre-pandemic levels. Economic activity has bounced back in the past two quarters. Data from the Australian Bureau of Statistics (ABS) reveals Australia's Gross Domestic Product (GDP) rose 1.8 per cent in the March quarter of 2021. But will continued State lockdowns see that growth continue? The news was delivered on June 2nd, in parliament by Josh Frydenberg, Australia's Treasurer: ''Todays national accounts, show that Australian…
In its latest policy decision, the Reserve Bank of New Zealand offered a hawkish surprise, by announcing the discontinuation of its Large Scale Asset Purchases (LSAP)
Learn everything you need to know about the British Pound and Euro currency pair on FXCM now. Find out if this pair fits into your investment strategy.
Learn about the U.S. Dollar and Canadian Dollar currency pair and find out how you can use it in your investment strategy on FXCM Insights.
The GBPUSD Currency pair is one of the largest and most commonly traded currency crosses on the forex market.
The economic similarities between the United States of America and Japan are numerous and substantial in nature.
The GBP/JPY currency pair is known for inherent volatility and periodic wide trading ranges. It is seen as a barometer of global economic health.
The EUR/CAD exists as a cross currency pairing. It can function as a diversification tool, and can be actively traded within a trend following or carry trade approach.
ZARUSD Currency Pair The rand (ZAR) has been the official currency of South Africa since 1961 when the country first became a republic. As the biggest US trade partner in Africa, in 2018 South Africa traded a dual value of US$14 billion. United States is the third-largest trading partner to South Africa, and a dual bilateral trade agreement has been in existence since 1994. History Of ZARUSD In 1789 the…
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