Forex

Japanese Finance Minister Shunichi Suzuki said Friday the government is closely monitoring developments in the foreign exchange market after the yen rose sharply against the U.S. dollar on market speculation of a policy change by the Bank of Japan. Suzuki declined to say how Japanese authorities would respond, as his comments could sway forex markets. […]

Gold surged higher at the start of this week after tensions in the Middle East escalated once again, breaking the previous record high at $2,075 and establishing a new high at $2,144-45. But made a strong bearish reversal the next day and the situation is looking increasingly favorable for sellers. Today we saw a spike

Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. More than 37% of the MLAs elected in the recently concluded assembly elections in five states face at least one criminal case against them, and

Today the economic calendar has been light, with the US unemployment claims for last week, although, comments from the BOJ governor Ueda who discussed a policy exit, sent the JPY surging higher which is also the strongest currency today., Although the USD is showing some weakness across the board once again. Source link

Markets A fairly thin eco calendar and blackout-periods for major central bankers made this morning’s Japanese moves the main talking point. Comments by deputy governor Himino and governor Ueda suggest a sense of urgency within the BoJ to normalize policy rates before the window of opportunity closes. November Tokyo inflation figures suggest a faster return

Fxview, a prominent player in the Forex and CFD industry under the Finvasia Group, is revolutionizing South Africa’s financial landscape with its cutting-edge product suite. In a strategic move to broaden its presence in Africa, the multi-asset brokerage aims for excellence in the dynamic financial environment of South Africa. South Africa’s Growing Financial Hub South

US 500 index is trading sideways amidst key market events It failed to record a new 2023 high, denting bullish sentiment Momentum indicators point to increasing bearish pressure The US 500 cash index is trying to record a green candle today as it trades in the busy 4,533-4,550 area. The aggressive move from the October

In the event of a further decline in silver prices, a minor rebound might be expected. The silver market has exhibited a back-and-forth movement during the Wednesday trading session, maintaining a position just above the critical $24 mark. This price level is not only psychologically significant due to its round figure but also historically important

Summary: Harimau Mint Capital announces the groundbreaking integration of Crypto Wallet into its trading services in collaboration with cTrader, reshaping the financial landscape. London, United Kingdom–(Newsfile Corp. – December 6, 2023) – Harimau Mint Capital, leveraging technology provided by XHYRE LTD, proudly announces a significant advancement in its strategic focus. This innovative shift merges Forex

Markets Today’s US ADP job report served as the next test for markets eager to frontrun a sharp Fed pivot. November employment grew by 103k, less than the 130k expected and a further deceleration from an already downwardly revised 106k. The biggest contributors were trade, transportation and utilities (+55k) & education and health services (+44k).

Canada’s merchandise trade account recorded a trade surplus of $3 billion in October, the third consecutive month in black ink. This comes after September’s surplus was revised slightly upward to $1.1 billion. Exports advanced slightly by 0.1% month-on-month (m/m) in October, though 6 of 11 sectors posted decreases in export values. The large increase in

Since the start of trading this week, the price of the GBP/USD has been experiencing a downward correction with losses that extended to the level of 1.2577. clearly, that’s before stabilizing around the level of 1.2595 at the time of writing the analysis. Last week’s gains reached the resistance level of 1.2732, its highest level

GBPUSD finds strong resistance near 200-week EMA Technical signals are negative Will 2024 be a negative year for the pair? With the year 2023 drawing to a close, GBPUSD could not carry the impressive rally of the last three weeks above the bullish crossover within the 50- and the 100-week simple moving averages (SMAs) and the 23.6% Fibonacci retracement

Gold reversed from multi-year resistance level 2065.00 Likely to fall to support level 1.7000 Gold recently reversed down from the major multi-year resistance level 2065.00, which has been reversing the price from the middle of 2020, as can be seen below. The resistance level 2065.00 was strengthened by the upper daily and the weekly Bollinger

This is a guest post by Rania Gule, Market Analyst at XS.com Crude oil is being traded at around $73.00 during Tuesday’s sessions following disappointing results from the OPEC+ meeting. The internal division among oil-producing nations was significant, and the outcome did not align with market expectations for boosting oil prices. Meanwhile, the United States

US DOLLAR FORECAST – USD/JPY, GBP/USD, AUD/USD The U.S. dollar extends its advance despite the pullback in U.S. Treasury yields Attention will be on the November U.S. employment report later this week This article focuses on the technical outlook for USD/JPY, GBP/USD and AUD/USD, taking into account recent price action as well as prevailing market

U.S economic data via Factory Orders statistics was negative yesterday. Today the ISM Services PMI numbers will be published, but it is Friday’s jobs numbers which will come from the States which traders may be anticipating.  The USD/SGD has risen in value since last Wednesday. After touching a low near 1.32845 on the 29th of

XAU/USD remains bearish if it stays below the 50% retracement level. The 61.8% and the median line represent key support levels. The US data could have a big impact today. The gold price registered a 6% drop from the freshly marked all-time highs in the last trading session. The precious metal is trading at $2,033

China’s Caixin PMI Services rose from 50.4 to 51.5 in November, above expectation of 50.8. PMI Composite rose from 50.0 to 51.6. Wang Zhe, Senior Economist at Caixin Insight Group said: “Overall, the macroeconomy showed signs of a positive recovery, with steady growth in consumer spending, solid progress in industrial production and improved market expectations.

After nearly two years at Tavira Securities as Head of Product Development, industry veteran Andrew Gibson is launching a new FX brokerage business based out of Cyprus. Operating under the brand name ‘Timberfx,’ Andrew is also assuming the role of Chief Executive Officer, he shared on his Linkedin profile. He ended a relatively short stint