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forex news

Copenhagen based Retail FX and CFDs broker Saxo Bank has reported its client trading metrics for July 2022, indicating that the company had its slowest month volume-wise since November 2021. Overall, Saxo Bank multi asset trading volumes came in at $322 billion, down DotBig Forex 19% from June’s $399 billion, with all four of its product categories seeing double digit … The Senate voted to open debate on a landmark tax, climate change and drug-price bill during a rare Saturday session that is expected to continue late into the night.

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By Ambar Warrick– Most Asian currencies kept to a tight range on Thursday as the U.S. dollar remained underpinned by expectations of a hawkish Fed, while the Taiwan… By Peter Nurse – The U.S. dollar handed back some of its earlier gains in European trade Thursday, while the pound was flat ahead of the latest Bank of England rate… By Peter Nurse – The U.S. dollar edged higher in early European trade Friday, attempting to recoup some of the previous session’s hefty losses ahead of the… Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. 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. Determine significant support and resistance levels with the help of pivot points.

forex news

Total nonfarm payroll employment rose by 528,000 in July, and the unemployment rate edged down to 3.5 percent, the U.S. The EUR/USD currency pair went back and forth last week as we continue to see a significant amount of noisy behavior between the 1.01 level, and the 1.03 level. This is a scenario where we see a lot of choppy behavior, and I think that will continue to be the case.

Forex Today: Dollar Surges Ahead Of Nonfarm Payrolls, Ny Flips To Improved Risk Sentiment

Cardano price is ready to rally after triggering the same pattern for the fourth time in the last two months. This development could provide buyers and traders with a quick and easy setup to capitalize on. Forex DotBig Forex today was a better place for the commodity complex following a risk on session in Asia where Shanghai shares were up 2.7 pct making for the biggest gain since May 2016 and the CSI300 gained 2.92 pct, .

  • The EUR/USD currency pair went back and forth last week as we continue to see a significant amount of noisy behavior between the 1.01 level, and the 1.03 level.
  • Going forward, this is all about fading short-term signs of exhaustion, but recognizing that …
  • Stay up to date with the financial markets everywhere you go.
  • Please note that we are not authorized to provide any investment advice.
  • It’s shaping up to be a risk-friendly kind of day, which is why I’m looking at AUD/USD possibly breaking its short-term downtrend.
  • By Fergal Smith TORONTO – The Canadian dollar strengthened against the greenback on Wednesday as worries about a possible recession eased following encouraging economic…

By Lananh Nguyen NEW YORK – The dollar weakened against most major currencies on Thursday as support from the Federal Reserve’s hawkish messaging subsided and investors… European stocks closed lower on Friday as data showing a much bigger than expected rise in U.S. non-farm payroll employment in the month of July raised concerns the Fed will aggressively hike rates in the coming months. The U.S. dollar is likely to stay supported in the near term on bets that the Fed will remain committed to a hawkish tightening cycle amid red-hot labor markets and elevated inflation. The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. USD took the top spot once again this week among the forex majors, once again supported by hawkish Fed speak & a surprisingly strong U.S. employment update. Price Action Support and Resistance While price action presents a somewhat objective framework for traders to work with, identifying workable zones of support and resistance requires a bit of subjectivity. SEOUL – South Korea’s foreign exchange reserves increased slightly in July, central bank data showed on Wednesday, ending four straight months of decreases led partly by…

Week Ahead: Fallout From Boe And Nfp; Focus On Cpi

Traders are in for a busy week as the U.S. shares its corporate earnings, interest rate, and GDP data while the Eurozone prints its growth and inflation numbers. August is off to an exciting start with a couple of rate decisions and three jobs releases. NZD/USD Faces Test of 50-Day SMA Ahead of Fed Rate DecisionNZD/USD may largely mirror the price action from last month if the advance from the yearly low (0.6061) stalls ahead of the 50-Day SMA (0.6314).

Weekly Fx Market Recap: Aug 1

The Pound started last week on the front foot against most currencies until Thursday when the Bank of England raised interest rates by 50bps- this, itself would usually be viewed … Even when bitcoin may be in a trading range, trade ideas within a range can be forex news interesting enough to take. In this case, shorting BTCUSD for a 1.5 to 1 reward vs risk. By Gertrude Chavez-Dreyfuss NEW YORK – The dollar dropped to a three-week low in choppy trading on Friday, as investor concerns about recession outweighed inflation…

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