The Euro is at the mercy of a hawkish Federal Reserve, as Eurozone PMIs show a recession is lurking. The Federal Reserve’s dovish statement and a hawkish Jerome Powell spurred turmoil in the market, benefitting https://forexreviewdaily.com/ the safe-haven American dollar. SHANGHAI – The yuan briefly touched a 1-1/2-week high against the dollar before giving back all the gains by midday on Thursday as Chinese cities tightened curbs against…
- By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar slid against major currencies on Tuesday, on some expectation that the Federal Reserve will signal a slower pace…
- Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy.
- By Tetsushi Kajimoto and Leika Kihara TOKYO -Japan’s currency interventions have been stealth operations in order to maximise the effects of its forays into the market,…
- With the RBA only hiking rates by 25bps at each of the last two meetings, the RBNZ is the more hawkish of the two central banks.
- By Hari Kishan BENGALURU – The dollar’s retreat in foreign exchange markets is temporary, according to a Reuters poll of currency strategists, who said the greenback…
- By Saqib Iqbal Ahmed NEW YORK -Investors are hesitant to bet on a sustained decline in the dollar, even after the U.S. currency suffered its sharpest pullback in about…
None of the blogs or other sources of information is to be considered as constituting a track record. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice.
Renewed Selling Pressure Expected For Malaysia Shares
Bitcoin is correcting after touching the $20.8K area, but the price https://en.wikipedia.org/wiki/Foreign_exchange_market above previous local highs and the 50-day moving average.
By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Wednesday, with traders cautious ahead of the conclusion of a crucial Federal Reserve meeting. Canadian shares are turning in a mixed performance in cautious trade on Wednesday with investors looking ahead to the Federal Reserve’s monetary policy announcement, due later in the day. The JOLTS figure today shows that the US has even more job vacancies than anticipated, which was already high. By Leika Kihara and Yoshifumi Takemoto TOKYO – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out… By Peter Nurse Investing.com – The U.S. dollar weakened in early European trade Tuesday as traders weighed the likelihood that the Federal Reserve signals a less aggressive… By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar slid against major currencies on Tuesday, on some expectation that the Federal Reserve will signal a slower pace…
Convergence India 2020 to Witness the ‘Next Level’ of Innovation in…
FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results. A Guide Retail sales is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
By Gertrude Chavez-Dreyfuss NEW YORK – The dollar gained across the board on Monday, regaining some of the luster it lost earlier in the month, bolstered by expectations… By Tetsushi Kajimoto and Leika Kihara TOKYO -Japan’s currency interventions have been stealth operations in order to maximise the effects of its forays into the market,… The Canadian market ended notably lower on Wednesday, weighed down by losses in materials, healthcare, technology and consumer fbs trader discretionary sections. Australia will on Thursday release September figures for imports, exports and trade balance, highlighting a modest day in Asia-Pacific economic activity. The trade surplus is pegged at A$8.85 billion – up from A$8.324 billion in August, when imports rose 4.0 percent and exports gained 3.0 percent. Bears have continued to cover their short bets against the euro, and we also note a pickup of long bets on the relatively bearish euro.
By John McCrank NEW YORK -The yen fell more than 1% against the dollar on Friday after the Bank of Japan bucked the trend among other major central banks and stuck with… European stocks closed lower on Wednesday with investors largely making cautious moves, digesting earnings and economic news, and looking ahead to the Federal https://forexreviewdaily.com/fbs/ Reserve’s monetary policy announcement, due later in the day. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances.
Risk-free trading with virtual funds
Citing efforts to achieve maximum employment and inflation at the rate of 2 percent over the longer run, the Fed announced its decision to raise the target range for the federal funds rate to 3.75 to 4 percent. The South Korea stock market has moved higher in three straight sessions, advancing almost 70 points or 3.2 percent along the way.
The KOSPI now rests just above the 2,335-point plateau although investors may lock in gains on Thursday. The Malaysia stock market has finished higher in two of three trading days since the end of the two-day slide in which it had dipped almost 8 points or 0.6 percent. The Kuala Lumpur Composite Index now rests just above the 1,450-point plateau although it figures to head south again on Thursday.
Forexlive Americas FX news wrap: Fed/Powell throw the market a curveball.
Get expert reaction to latest market news and seize potential opportunities. NZD/USD Outlook Mired by Failure to Clear October Opening RangeNZD/US may struggle to retain the advance from earlier this month if the exchange Forex brokers rate fails to clear the October high (0.5814). BENGALURU – The Reserve Bank of India will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on Nov. 1, it said on Monday,…
News
A volatile session for the yen on Friday likely points to a currency intervention from the BOJ or MOF, in an attempt to stop or at least pause the currency’s fast depreciation. Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE. The tone set by the removal of forward guidance and the lack of information regarding QT led the markets to believe this was a dovish hike. Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy.
With the RBA only hiking rates by 25bps at each of the last two meetings, the RBNZ is the more hawkish of the two central banks. Price Action Support and Resistance While Forex brokers price action presents a somewhat objective framework for traders to work with, identifying workable zones of support and resistance requires a bit of subjectivity.
By Georgina Lee and Samuel Shen HONG KONG/SHANGHAI – China’s digital yuan took the centre stage in the world’s largest cross-border central bank digital currency … BRASILIA – Brazil’s central bank on Thursday said it would hold auctions starting on Friday to roll over $15.1 billion in traditional currency swaps maturing on Dec…. By Peter Nurse Investing.com – The U.S. dollar stabilized in early European trade Friday ahead of the release of key inflation data, while the Japanese yen edged lower after the… By Ambar Warrick Investing.com– Most Asian currencies moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while… Stay up-to-date on breaking https://forexreviewdaily.com/fbs/ as well as relevant financial developments. The Federal Reserve on Wednesday announced its widely expected decision to raise interest rates by another 75 basis points.