List of Crypto Exchanges Accepting USD Fiat Deposit

During the stock market crash, investors sought safer assets, resulting in increased demand for safe haven currencies like USD and JPY. The USD and JPY appreciated against other major currencies, causing currency pairs like EUR/USD, GBP/USD, AUD/USD to decline sharply.

In this chart below, when the stock market goes down, the DXY is seen to arise. On the other hand, when the market upsurge, the US dollar is depreciated.

Continue Reading at Understanding the Effect of Commodity and Stock in Forex

As the US Dollar Index puts its biggest weight on Euro, it often moves in a different direction than the EUR/USD. For a better understanding, check out this DXY and EUR/USD chart:

In the DXY chart, it is shown that the market is currently on a downward trend. But it's slowly moving upwards. It's proving that the US dollar is growing weaker compared to its rival, but it is starting to gain strength again. On the other side, EUR/USD is going upwards and slowly going down towards the end. It is the exact opposite of the DXY chart.

Continue Reading at How to Use US Dollar Index (DXY) for Analysis

The monetary policy divergence between the Eurozone and the US. As such, fundamental factors with the most significant influence on the exchange rate of EUR/USD throughout history are:

1. Monetary policy from each central bank (The Fed and ECB).
2. Economic fundamentals of the US and the Eurozone.

Continue Reading at 5 EUR/USD Facts Every Beginner Should Know

Traders who are interested in trading USD/SGD should not only look at the pair's correlations but also at each currency's connections with other pairs as well. For example, major pairs such as EUR/USD, GBP/USD, and AUD/USD are all positively correlated, therefore any change in those pairs might affect the USD. Meanwhile, SGD is positively correlated with CNY. Any change in the Chinese Yuan market tends to be mirrored by SGD.

Continue Reading at USD/SGD Trading: Why and How to Profit from It