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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

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

OctaFX has now decided to rebrand and adopt a fresh new look, with refined colors, space-inspired elements, and a new logo. OctaFX is 11 years old and to mark the anniversary, the FX and CFD broker has lowered spreads by 20% on XAUUSD, EURUSD, GBPUSD, USDJPY, GBPJPY, USDCHF, XTIUSD, and US30, as wel

The Dollar firmed up in morning trade, pulled back some, then turned modestly higher at mid-session. Moves were modest, leaving the DXY inside a 90.09 to 89.92 trading range. Incoming data were mixed, seeing a miss in durable orders and pending home sales, while revised GDP was unchanged from the pr

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