Dollar’s mixed reaction The Senate Finance Committee had initially planned to vote on their statement this week but generated significant splits between Republicans and Democrats due to last minute changes. The House voted and passed their statement of tax reform bill as expected. This prompted a nominal rally in the greenback because everyone knows that […]

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Greenback rebounds on support In a major step forward for efforts to permit regulations enacted following the 2008 financial crisis, yesterday a group of U.S senators mentioned they had reached an uncertain deal to reduce the number of banks marked systemically risky. The bill would exclude banks with less than $250 billion in assets including […]

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Greenback dropped against yen According to the current data, the U.S will update its job openings which have been far expanding hiring which is a strong confirmation that the U.S economy is at full employment. Currently, the U.S. President is in South Korea for the second leg of his five-nation Asia trip as the North […]

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Greenback extend to rise In the recent years, President Donald Trump’s election campaign has regularly counted jobs indicating more momentum. Another drop in the rate would probably prompt the Fed near to increasing short- term interest rates as early as December. Raising the dollar to two-month high, US data continued to pull better than expected. […]

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Greenback strengthens Following the commerce secretary, the United States will see its whole domestic product increase by 1% if the government gets the tax reform right. Above the federal budget and boosting of the debt limitation, the tax program is the single most dominant activity. On Wednesday, Wilbur Ross said getting U.S reform right as […]

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Yen fell on comments from North Korea On September during its Federal meeting, the policymakers examined about the interest rates hike which seemed to rise even as their own predictions pointed to overcome the economic growth and inflation that will continue to skip the Fed’s 2% goal. The central bank post its two day meeting, […]

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USD/JPY Aiming at Year’s Low The need for safe haven has once again come into play pushing the USD to a fresh week low against the Yen. The market was once again fueled by risk aversion thus creating a demand for Yen. USD/JPY declined to 108.60 and closed at 108.77, with today’s candle aiming for […]

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In Forex, trading on the right currency pair plays a prominent role in shaping your trades. While there are hundreds of pairs thrown out in front of your trading screens, the ultimate choice of singling out “few from many” comes down to the traders themselves. How then, do we pick the “right” pair from an […]

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