The number of unemployed climbed 8,000 in October, following a revised increase of 13,000 in September. By John McCrank NEW YORK – The euro dropped more than 1% on Thursday, falling back below parity with the dollar, after the European Central Bank raised interest… TOKYO – Japanese Prime Minister Fumio Kishida said on Friday the government is ready to take appropriate action against excessive volatility in the currency market. By Tetsushi Kajimoto TOKYO -Japan spent a record $42.8 billion on currency intervention in October to prop up the yen, the finance ministry said, with investors keen for… 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… For more beyond what is offered on CFDTrading, check out Forex Factory, FX Empire, and ForexLive.

  • Fed Chairman Powell hinted at a slower pace of rate hikes, but the key question is whether the peak rate will be above or below 5%…
  • All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
  • 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.
  • None of the blogs or other sources of information is to be considered as constituting a track record.
  • ADP said private sector employment jumped by 239,000 jobs in October after climbing by a downwardly revised 192,000 jobs in September.

The yellow metal has seen relentless pressure this year as interest rates have risen, but hopes for, perhaps, a pause, have lent some support. Gold came under heavy selling pressure and fell below $1,640 after having gained nearly 1% with the initial reaction to the Fed’s policy announcement. With the benchmark 10-year US Treasury bond yield rising above 4.1% on Powell’s hawkish tone, XAU/USD continues to push lower. Stocks reverse lower after upbeat jobs data and manufacturing data raises doubts over whether the Fed will tone down its aggressively hawkish stance. Walgreens Boots Alliance, Inc. announced Wednesday it has agreed in principle to financial amounts and payment terms as part of settlement frameworks to substantially resolve opioid-related litigation. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.

Diversify Your Investments with Banxso’s Commodities Trading Services

By Ambar Warrick Investing.com– Most Asian currencies retreated on Monday as weak Chinese economic data weighed on sentiment, while markets hunkered down ahead of a Federal… ANKARA – Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting forex transactions with foreign banks during "off hours" and… Over the past hour, USDTRY has has made the biggest move in the forex asset class, rising 614 pips (0.33%). In comparison to the entire asset class, USDTRY may be worth examining a bit closer; its move of 614 pips is unusually large relative to its typical volatilty seen on the houly chart over the past 5 days.

forex news

We are go to source for you to get breaking news stories and in-depth market updates from around the world. The Bank of Canada has raised rates by 50bps vs an expectation of 75bps.

VIDEO: A follow-up to the GBPJPY trade idea. Did the anticipation work?

Volatility for gbpnzd has been contracting over the past two weeks relative to volatility over the past month. Or to simplify this another way, note that stonenet out of the past 10 days nzdchf’s price has gone up 9 them. Below is a list of currency pairs that crossed key moving average levels over the past day.

forex news

For the latest stories on specific currency pairs, try the articles below. As for who is on a hot streak, NZDCHF has experienced upwards move in 8 of the prior ten trading days. 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. While the price action is undoubtedly bullish following October’s last-minute rally, certain on-chain metrics show whales may be satisfied with their gains and seek to book profits.

By Ambar Warrick Investing.com– Most Asian currencies moved little on Tuesday as markets hunkered down ahead of several major central bank meetings this week, while the… A carry trade is a trading strategy that involves borrowing a low-yield currency and investing in a high-yielding asset to exploit the interest rate differential. Carry trades are most common in forex trading with traders borrowing the low interest Japanese yen to buy higher https://forexreviewdaily.com/ interest currencies. Learn what currency pairs work best and how to execute the strategy yourself in our full guide. 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. 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.

Range Trade NZD/USD

Price action traders may also wish to note that we see a doji candlestick pattern on gbpusd. Over the past two weeks, the strongest trend has been on NZDCHF. Alternatively, on a 90 day basis, the strongest trend appears on USDCAD. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for NZDCHF, NZDUSD, NZDCAD, EURUSD, USDNOK, CADCHF, USDSEK, AUDCHF, USDCAD, GBPCHF, GBPUSD, AUDUSD and EURNZD. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs.

GBP/AUD Down 1 Pips On Hourly Chart, in an Uptrend Over Past 30 Days; Price Base in Formation Over Past 14 Days

Stay up-to-date on breaking https://en.wikipedia.org/wiki/Foreign_exchange_market as well as relevant financial developments. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.

ForexNews.World delivers real time updated and market research. We are leading source for latest news on cryptocurrency along with technical analysis on the foreign currency, commodities and trading strategies.

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,… By Saqib Iqbal Ahmed NEW YORK -Investors are hesitant to bet on a sustained decline in the dollar, even after https://forexreviewdaily.com/barclay-stone/ the U.S. currency suffered its sharpest pullback in about… USD/MXN Stuck in Horizontal Channel, Breakout Could Spark Next Big MoveThe USD/MXN has been trading inside a horizontal channel since the beginning of the month, but a powerful breakout could be just around the corner.

Bitcoin is correcting after touching the $20.8K area, but the price above previous local highs and the 50-day moving average. A volatile session for the yen on Friday likely points to a currency intervention from the BOJ Forex brokers or MOF, in an attempt to stop or at least pause the currency’s fast depreciation. 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.

Leave a Reply

Your email address will not be published. Required fields are marked *