What's new in forex Market ?

 

As of March 21, 2025, several notable developments have emerged in the foreign exchange (forex) market:

Central Bank Actions:

• China: The People's Bank of China (PBOC) announced plans to cut banks' reserve requirement ratio and interest rates at appropriate times to strengthen the resilience of its forex market. This move aims to maintain ample liquidity and address behaviors disrupting the forex market.

• Switzerland: The Swiss National Bank (SNB) significantly reduced its foreign currency interventions in 2024, purchasing only 1.2 billion Swiss francs compared to 132.9 billion francs sold in 2023. The SNB now emphasizes interest rate adjustments over currency interventions to manage monetary policy and control inflation.

Market Movements:

• India: India's foreign exchange reserves increased by $300 million to $654.27 billion as of March 14, marking the highest level in over three months. This rise reflects the Reserve Bank of India's efforts to stabilize the rupee amid global market volatility.

• Turkey: Turkey's financial markets experienced significant declines following the detention of Ekrem Imamoglu, a prominent political figure opposing President Erdogan. The Turkish lira depreciated by up to 14.5%, and Turkish blue-chip stocks fell nearly 6%, raising concerns about the country's political direction and economic policies.

Technological Advancements:

• FXSpire: FXSpire introduced an AI-driven tool designed to detect false breakouts in EUR/USD trading, aiming to enhance trading accuracy and confidence.

• Pivozon: Avenix Fzco launched Pivozon, an advanced Expert Advisor (EA) tailored to improve gold (XAU/USD) trading on the H1 timeframe.

Industry Updates:

• Gaitame: Japanese forex broker Gaitame reported a 22.6% year-over-year revenue increase in 2025, contributing CHF 35 million to its Swiss parent company, Compagnie Financière Tradition, which closed the year with a net profit of CHF 115.6 million.

These developments reflect the dynamic nature of the forex market, influenced by central bank policies, geopolitical events, technological innovations, and corporate performance.