Forex

The US dollar market appears poised in the short-term, to see choppy trading characterized by a lack of liquidity.  The USD/JPY experienced a modest retreat during Wednesday’s trading session, encountering resistance at the 200-Day Exponential Moving Average. The market’s current behavior reflects a period of uncertainty, as investors grapple with the diverging policies of central

British inflation hit an annual rate of 3.9% in October, marking a two-year low. Investors have fully priced in a Bank of England rate cut by May 2024. Analysts anticipate an easing in Friday’s US core personal consumption expenditure. The GBP/USD forecast maintained its bearish outlook on Thursday as the pair grappled with losses ahead

Today markets were mostly quiet during the European session but in the US session the USD has started slipping lower again, resuming yesterday’s price action, as us bond yields fall lower, with US 10-year bond yields below 4%. EUR/USD has risen to 1.0965 from a low of 1.0930 earlier in the day, as buyers try

The cyber crime wing of the Pune City police launched a probe after a 77-year-old retired manager of a private company was cheated of Rs 42 lakh over a period of a month on the pretext of investment in forex and commodities markets. The man, a resident of Sahakarnagar, who retired from a private technology

A U.S. District Court in Florida has ruled against Avinash Singh and his company, Highrise Advantage, LLC, in a default judgment. The Commodity Futures Trading Commission (CFTC) had brought charges against Singh, Highrise, and others involved in an elaborate foreign currency scheme. Per court papers, Singh and his company engaged in fraudulent activities, soliciting and

The forex markets reign supreme as the most active financial hubs globally, witnessing over $6 trillion in daily trading volume. No other sector rivals the sheer liquidity and potential for profitable investments provided by forex markets. To capitalize on these prospects, a dependable forex trading platform is a must. Yet, navigating the landscape to find

The USD started declining lower when the US session started, but is is finding some bids now, after some strong economic numbers which show that the US economy is holding up well. This improved the sentiment for the USD briefly, with the idea that we might see some strong numbers early next year, postponing the

Core PCE inflation to fall further on Friday 13:30 GMT, no big surprises expected Philly Fed manufacturing index, new home sales also on the agenda Investors see more than three rate cuts in 2024; US dollar could react moderately The transition to monetary easing The transition to monetary easing could be a hot theme in

Contrary to the performance at the beginning of trading this week, the price of the pound sterling against the US dollar GBP/USD has returned to rebound higher. with gains reaching the resistance level of 1.2762, which is stable around it at the time of writing the analysis. In the midst of the rebound, the pound

File. | Photo Credit: Reuters The rupee ended flat at 83.18 (provisional) against the U.S. dollar on December 20 amid massive selling in equity markets as concerns over oil supplies through the Red Sea route dented investor sentiment. Forex traders said though the U.S. dollar index below 102 level provided support, the Indian currency was

CHINA’S FX TRADE SYSTEM SAYS TO LAUNCH INTERBANK FX TRADING IN CURRENCY PAIRS INCLUDING YUAN VERSUS MACANESE PATACA AND US DOLLAR, HONG KONG DOLLAR VERSUS MOP FROM JAN 2 … Source link

Daily Pivots: (S1) 0.8602; (P) 0.8621; (R1) 0.8644; More…. EUR/GBP’s rise from 0.8548 resumes today and the break of 0.8648 support turned resistance argues that fall from 0.8764 might have completed already. Intraday bias is now on the upside for stronger rebound towards 0.8764 resistance. On the downside, though, break of 0.8597 minor support will

USDCAD broke support level 1.3410 Likely to fall to support level 1.3300 USDCAD currency pair under the bearish pressure after the pair broke the support level 1.3410 (low of wave B of the previous ABC correction (2) from the middle of July). The breakout of the support level 1.3410 accelerated the active short-term impulse wave

Today markets have been quite slow, with the Bank of Japan being at the center of attention for the day. And, once again, the BOJ let the JPY bulls down, by maintaining the status quo and not giving clear hints of changes changes. USD/JPY surged higher, but this came all from the JPY side of

Forex markets are the most active markets in the world – with over $6 trillion worth of currencies exchanged daily, no other market sector comes close to offering so much liquidity and opportunity for lucrative investments. To take advantage of these opportunities, you’ll need a reliable forex trading platform. However, choosing the right forex broker

Market recovering from Thursday’s relatively hawkish show by the BoE Pound would benefit against the euro from an upside CPI surprise November inflation report will be released on Wednesday (07.00 GMT) A surprisingly hawkish BoE last week Contrary to market expectations and the Fed setting the scene for a dovish round of central bank gatherings,

Daily Pivots: (S1) 142.15; (P) 142.66; (R1) 143.30; More… No change in USD/JPY for now despite today’s strong recovery. Upside should be limited below 156.48 resistance to bring another decline. Firm break of 140.94 will resume the whole fall from 151.89. Next target will be next fibonacci level at 136.63. In the bigger picture, fall

Martin Hendry, deputy head of trading, Liontrust Asset Management  As we peer into the crystal ball for 2024 trading, a notable shift is anticipated with the adoption of T+1 settlement for US equity transactions. This transition is poised to reshape the pace and efficiency of equity trading, promoting quicker settlement cycles. It’s fully expected that

​​Outlook on EUR/USD, EUR/JPY and USD/JPY as BoJ sticks to its ultra-loose monetary policy and provides no guidance for 2024. Source link