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What is the US Dollar Index? The US Dollar Index (DXY, DX, USDX) measures the value of the United States dollar relative to a basket of other currencies, including the currencies of some of the US’s major trading partners. The Dollar Index rises when the US dollar gains strength compared to the othe

The foreign exchange market, also known as the Forex market or the FX market, is also one of the global markets that witnesses a trading volume of almost $6.6 trillion every day. Foreign exchange refers to exchanging one currency trading with another for different reasons that include tourism, inter

European stocks closed sharply higher on Tuesday, extending gains to a third straight session, with investors focusing on earnings updates and looking ahead to the European Central Bank's monetary policy announcement, due later in the week. Stocks turned in a somewhat sluggish performance earlier in

​The Swiss franc dipped on Tuesday as Trump and his national security team discussed Iran's proposal to reopen the Strait of Hormuz if the US lifts its blockade. It remains unclear if Trump, who has repeatedly insisted the central goal of the conflict is keeping Iran from ever obtaining a nuclear we

In this era when people all over the world are keen on making money, any kind of opportunity to make a fortune can attract countless fans. The financial market is no exception, take the most popular one - Bitcoin. In 2020, people are crazy about cryptocurrencies like Bitcoin, which also brought a fi

Trade is likely to be thinned this week by Thanksgiving in the United States, but the virus’ resurgence has traders once again monitoring COVID-19 cases and governments’ responses. USDIndex at 16-month highs above 96.00. Yields: 10-year Treasury rate is up 1.4 bp at 1.57%, while across the Asia Paci

The Russian economy will grow by 0.8% ‌this year, down from a forecast of 1% a month ago, according to ⁠a Reuters poll, echoing an earlier government announcement that the official forecast could be downgraded. The turmoil in the Middle East not only alleviates some fiscal pressures but also serves

Price is still pushing very strong after the dovish comments from FED. Today price broke down a strong and old daily support and it is moving down to reach the other support zone and probably before NFP data. All USD pairs will be affected by the NFP data today, so be careful when trading USD and CA