The Indian rupee was lower versus the U.S. dollar in the evening session on Tuesday, as strong U.S. economic data raised concerns that the Federal may raise interest rates more than expected. LONDON, Dec 6 – The U.S. dollar index edged lower on Tuesday but stuck close to levels reached this week in the wake of strong services data in the United States which fuelled expectations for higher interest rates than recently forecast. For those who pay attention to moving averages, ZARJPY may be of particular interest. It crossed its 20, 50, 100 and 200 day moving averages. Below is a list of currency pairs that crossed key moving average levels over the past day. The Dollar put itself into a position for a potential critical breakdown that could redefine its medium to long-term trend from the productive bullish climb of 2022 into a progressive retreat from multi-decade highs.
EUR/USD Bullish Continuation Potential Above 1.0350EUR/USD is eagerly approaching another key zone of resistance as a combination of USD weakness and a break of 1.035 has allowed the major currency pair to hold onto recent gains. The American dollar finished Monday with substantial gains after starting the day on the back foot. The Greenback initially fell on the back of news coming from China, as different districts are easing their restrictive COVID-19 measures, while market talks pointed at further loosening in January. Compared to its peers in the forex, gbpchf gave its buyers a return that ranked 14th in terms of percentage change since yesterday. Volatility for nzdusd has been contracting over the past two weeks relative to volatility over the past month. For more libertex online trading beyond what is offered on CFDTrading, check out Forex Factory, FX Empire, and ForexLive.
Default is now weeks away and Finance Minister is about to leave the job yet again. Price cap another example of Europe shooting its own foot. Touted energy reserve capacity as 95% full, leaves out that Reserve capacity must get refilled 4 times during an average Forex brokers … Get expert reaction to latest market news and seize potential opportunities. Investing.com – The EUR/USD pair hardly reacted to the positive European inflation surprise. The preliminary Eurozone CPI for November came in at 10%, down from 10.4% expected, and…
GBP/USD
A Dawn report last month said Pakistan was behind on multiple performance criteria essential for the completion of the review, with authorities hinting they had asked for some waivers from the financial institution. Anything and everything related to https://forexreviewdaily.com/libertex/ – we bring it here for you on one platform. By Harry Robertson LONDON – The pound has pulled off its biggest monthly increase against the U.S. dollar since July 2020 in November, although its rally was eclipsed by… Investing.com – The last day of the week could prove to be a decisive one for EUR/USD, whose strong rise over the last few days will be put to an important test this Friday….
The economy as a whole is doing so much better than Europe. By Peter Nurse Investing.com – The U.S. dollar slumped in early European trade Thursday after Federal Reserve chair Jerome Powell pointed to smaller rate hikes ahead, boosting risk…
News / Hottest Stories
Trading forex news releases requires a tremendous amount of composure, preparation and a well-defined strategy. Without these qualities, traders can easily get swept up in all the excitement of a fast-moving market to their detriment. This article provides useful strategies on how to trade forex news during a major news release.
- As for who is on a hot streak, GBPCAD, NZDJPY and USDCHF have now rallied 8 out of the past ten trading days.
- If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned.
- If Core PCE continues to fall over the coming months, the Fed may end up hiking rates less than it expects, or even cutting rates before the end of next year.
- By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Friday ahead of the release of the widely watched monthly U.S. jobs report which could influence…
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This app has great potential, I have 3 suggestions, 1. Add the ability to filter, I for one only trade USD/JPY at the moment, euro or aud news,technicals and fundamentals are valueless to me e.g this would save data and time to sync., 2. Discard the full screen ads, who wants to see useless full screen ads while day trading ? Enable custom nofications, for technicals only or everything, and let us see the contents in the notification ticker, number of articles is not enough.
Shares plunge 537 points over uncertainty on IMF review, dwindling forex reserves
By Savyata Mishra – Investors turned modestly bullish on currencies of South Korea, Malaysia and Thailand, supported by prospects of China’s reopening, a Reuters poll… Investing.com – Yesterday was a busy day for the EUR/USD, with gains in the morning, in the face of half-hearted European inflation figures, then with a correction in the…
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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. “There seems to be significant uncertainty on the outlook for forex reserves, especially as the 9th IMF programme https://forexreviewdaily.com/ review is still pending,” said Raza Jafri, head of research at Intermarket Securities. Shares at the Pakistan Stock Exchange began the week in the red as uncertainty looms on the outlook for the country’s foreign exchange reserves with no clarity on when the pending ninth review of the International Monetary Fund will conclude.
All that ever matters is how the market responds, which is often both ways as the MMs manipulate prices to fill various SM … All breaking news is rated high , medium , or low depending on the how much it impacted the market. Breaking news is defined as new information that has market-moving https://www.investopedia.com/articles/forex/11/why-trade-forex.asp potential. As long as this correlation holds, traders can get clues as to where Gold may be headed based on the direction of the DXY. Whilst the potential for a pause cannot be ignored, I suspect the RBA are more likely to hike rates by 25bp tomorrow as they do not meet again until February.
Germany October industrial orders +0.8% vs +0.1% m/m expected
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. Gold surged to $1,810 a troy ounce at the beginning of the day but plunged amid renewed USD demand and ends the day around $1,766 troy ounce. Markets changed course following the release of https://forexreviewdaily.com/ upbeat US data, with the US Dollar accelerating its advance ahead of Wall Street’s close. The official ISM Services PMI for November improved by more than anticipated, surging to 56.5 from 54.4 and beating the 53.1 expected. Additionally, Factory Orders rose by 1% MoM in October, better than the 0.7% advance expected, while S&P Global upwardly revised its November Services PMI to 46.2 from a preliminary estimate of 46.1. This move is a reversal from the hour prior, which saw price move up.
Bajwa has nothing to do with this except becoming a billionaire. When we spend 30% of our budget ONE department and no money for anything else, including flood relief, this is bound to happen. The Sharifs want to wreck the Pakistani economy so as to ruin the term of the next PTI government. I thought economic wizard Dar was going to revolutionize our economy.