Forex

US DOLLAR FORECAST – USD/JPY AND AUD/USD The U.S. dollar gains as U.S. yields mount a solid comeback USD/JPY bounces off trendline support, reclaiming the 147.00 handle Meanwhile, AUD/USD turns lower after failing to take out overhead resistance Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the […]

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The bias is bearish as long as it stays below the median line. Friday’s low stands as a downside target. The lower median line is seen as a major target. The EUR/USD price was trading in red at 1.0865 at the time of writing. The pair seems ready to resume its downtrend. The Euro has

The next couple of weeks could be massive for financial markets going into 2024, with a range of data from the US in the coming days setting us up nicely for the Fed meeting on the 13th. The standout event is the jobs report on Friday, with the Fed still seemingly of the view that

Taipei, Dec. 4 (CNA) The U.S. dollar fell against the Taiwan dollar Monday, shedding NT$0.060 to close at NT$31.415. Source link

The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchange. Source link

Gold took full advantage of lower yields on Friday to accelerate into its record high, leaving the question as to whether it can break above this key milestone or present us with a desirable pullback first. The ASX 200 is also considering a break above its 200-day MA. Source link

On 24th November 2023, The Reserve Bank Of India (RBI) cautioned the general public regarding the unauthorised foreign exchange trading firms by updating 19 more names on the Alert List. Source link

Nigeria recorded a daily foreign exchange turnover of $110.14million in the Nigerian Foreign Exchange Market (NAFEM), on Friday, 1st. December, 2023. The daily forex turnover recorded $100.06million on Monday, November, 27, 2023 and closed on Friday, 1 December, 2023, by $110.14million. According to the data from NAFEM, the country’s official foreign exchange market, the rise

Most Read: US Dollar’s Path Linked to US Jobs Report, Setups on EUR/USD, USD/JPY, GBP/USD Volatility spiked across many assets last week, producing notable breakouts and breakdowns in the process. First off, U.S. Treasury yields plummeted across the board, with the 2-year yield sinking below its 200-day simple moving average and reaching its lowest level

The FTSE 100 initially pulled back during the course of the trading week but found enough support near the 7360 level to turn things around and show signs of life. At this point, the weekly candlestick is a hammer, and it suggests that we are going to continue to go higher, perhaps reaching the 7700

Forex Brokers We Recommend in Your Region See full brokers list   The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries

WTI Crude Oil finished near the 74.350 USD price per barrel on Friday. The commodity was trading near a high of around 79.560 momentarily on Thursday, as highs from the 14th of November were flirted with until a storm of selling suddenly developed. WTI Crude Oil finished the week lower than it began and while it

This week, although there was a strong counter trend move in the EUR/JPY currency cross, I doubt there will be a bullish bounce, so I again make no forecast. Forex Brokers We Recommend in Your Region See full brokers list   This week I will begin with my monthly and weekly Forex forecast of the

US DOLLAR FORECAST – EUR/USD, USD/JPY, GBP/USD The U.S. dollar has fallen sharply in recent weeks The greenback’s bearish correction may extend if November U.S. job data surprises to the downside This article examines the technical outlook for the major U.S. dollar pairs, analyzing critical price levels that could be relevant for EUR/USD, USD/JPY and

Number of traders net-short has decreased by 21.81% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI EUR/USD BEARISH 50.11% 49.89% 8.76% Daily 17.71% Weekly -14.97% Daily -21.81% Weekly -4.53% Daily -6.00% Weekly of clients are net long. of clients are net short. Change in Longs Shorts

The naira, on Friday, depreciated marginally to N927.19 per dollar at the NAFEM, the country’s official exchange rate window. Source link

US economic data supported the view that the Fed would soon start cutting rates. Canada reported a higher-than-expected employment growth. The BoC will likely maintain its main policy rate at 5.0% next week. The USD/CAD weekly forecast predicts a bearish trajectory, with recent US data signaling a potential conclusion to Fed rate hikes. This narrative

Financial markets were dominated by themes of cooling inflation, a slowing economy, and increasing expectations of policy easing by both ECB and Fed last week. This convergence of factors ignited a full risk-on mode among investors, propelling major US stock indexes and Germany’s DAX to sharp gains. In tandem, benchmark treasury yields in both Europe

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