By Saqib Iqbal Ahmed NEW YORK – The U.S. dollar edged higher against a basket of currencies on Tuesday, shaking off some of the weakness of the previous session, but a… By Chang-Ran Kim and Leika Kihara TOKYO -Japanese authorities repeated their warnings about the yen’s precipitous fall against the dollar on Wednesday, with Finance…
With the Fed raising 75bps at its September meeting, the FOMC Minutes noted that the risks of doing too little outweighed the risk of doing too much. This week’s UK CPI reading will still be one of the biggest factors driving the Bank of England’s early November decision on interest rates… Talk of peak inflation was short-lived following release of Q3 inflation for New Zealand, with the annual rate sticking near its highs and the quarterly rate accelerating. The RBA meets forex club more often than many of its peers, and therefore, it felt justified in only raising rates by 25bps on October 4th. The future of both the Conservative party and the UK government remains unclear. In the coming days, we’ll be finding out more information on the leadership contest and whether a general election could follow. Trading Triangles in Price Action In triangle formations, this is a level that’s expected to be broken with enough persistence from buyers or sellers .
First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended October 15th, according to a report released by the Labor Department on Thursday. The report showed initial jobless claims slipped to 214,000, a decrease of 12,000 from the previous week’s revised level of 226,000. Indonesia’s central bank raised interest rates for https://finviz.com/forex.ashx a third policy session in a row, as expected, to rein in the rising inflation and to strengthen the weakening rupiah exchange rate, which was caused by increased capital outflows. MOSCOW -The rouble strengthened to a one-week high against the dollar on Monday, supported by the start of a favourable month-end tax period, as oil prices edged lower…
Implied volatility rises as Yen lurks below 150
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- By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trading Tuesday, while sterling largely retained overnight strength as investor sentiment soared as…
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- By Ambar Warrick Investing.com– Asian currencies rose slightly on Monday, recovering some lost ground from last week as the dollar retreated, although China’s commitment to…
- Tesla reported mixed third-quarter results, topping EPS expectations but missing on revenue and margin estimates, sending the company’s stocks lower in extended trading.
With CPI due out of the UK and Japan this week, as well as the threat of BOJ intervention, GBP/JPY could continue to be volatile. FX pairs such as USD/RUB and EUR/RUB are unavailable to trade with most North American brokerages including FOREX.com because of Russia’s invasion of Ukraine. And whilst it flirts with 149 traders are questioning if 150 is up next. In this week’s edition, we are getting technical on the FTSE, Copper, EUR/USD and USD/CHF.
Market News
Today’s release of the September CPI report increases the chances that the BOC will hike rates by 75bps next week. By Tejaswi Marthi – Bearish bets on Asian currencies stayed firm due to the unrelenting strength of the U.S. dollar, as ultra-hawkish posturing by most central banks… By Karen Brettell NEW YORK – The dollar hit the symbolic level of 150 yen for the first time since 1990 on Thursday, while the British pound rose as Liz Truss said she… Dailyfxupdate.com- Our goal is to provide traders with all the information and tools they need to trade successfully. Our team of professional traders has been testing Forex brokers for over 12 years and has helped millions of traders find the right broker.
Keep track of the latest currency market moves as they develop. Stay up-to-date on breaking https://forexreviewdaily.com/ as well as relevant financial developments. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
Mastercard and Ripple’s Xpring Ally With the Industry Group to Foster Blockchain Education
By Ambar Warrick Investing.com– China’s offshore yuan hit a new low on Thursday, while most other Asian currencies slipped as fears of more hawkish moves by the Federal… By Peter Nurse Investing.com – The U.S. dollar handed back some of its gains in early European trading Wednesday, while the euro rose on the back of soaring German producer… Bitcoin’s fluctuations since June fit into a triangle with a descending resistance line and horizontal support of $18.8K.
News & Analysis
We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. CAD/JPY has defied weaker oil prices, mostly thanks to a weaker yen and higher equity prices ahead of today’s inflation report. Gold stages a modest recovery from over a three-week low touched earlier this Thursday, as the US dollar extends its retreat amid a positive shift in market sentiment. Aggressive Fed rate hike bets and elevated bond yields acted as a headwind for XAU/USD, earlier on.
Tesla stock falls over 5% as earnings released post-session on Wednesday. Tesla CEO Elon Musk remains bullish Forex brokers on prospects for the EV leader. Needs to review the security of your connection before proceeding.
He euphoria over the recent rollback of fiscal measures appeared to fade amidst the negative sentiment triggered by the stubborn inflation. Anxiety lingered ahead of the interest review due by the Fed, ECB and Bank of England in the ensuing days. Tesla reported https://forexreviewdaily.com/forex-club/ mixed third-quarter results, topping EPS expectations but missing on revenue and margin estimates, sending the company’s stocks lower in extended trading. Discover the 3 types of forex analysis used to anticipate market movements and analyse trends.
Crypto intelligence tracker Santiment considers that the crowd is currently euphoric on these cryptocurrencies. Get expert reaction to latest market news and seize potential opportunities. Stay up to date with the financial markets everywhere you go. 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.
By Ambar Warrick Investing.com– Most Asian currencies fell on Friday and were set to end the week lower as hotter-than-expected U.S. inflation drove up fears of more hawkish… Government bonds extended their rally on Friday after Prime Minister Liz Truss fired Kwasi Kwarteng as Chancellor of the… By Leika Kihara WASHINGTON -Japan’s top currency diplomat Masato Kanda on Friday said authorities are ready to take decisive action in the currency market if excessive… TOKYO – There are no changes to Japan’s position that it will act resolutely in case of volatility in the currency market, the Kyodo news agency quoted Japan’s Finance… MOSCOW – Russian markets opened steady on Tuesday as month-end tax payments offered support to a rouble buffeted by ever-present investor jitters over the possibility of fresh…
