Trading News & Analysis For Forex, Commodities And Indices
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… We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We’re also a community of traders that support each other on our daily trading journey. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
- Guideposts such as consumer and business sentiment surveys were mixed in June but a mild positive could come from reduced discounting.
- US June factory orders +0.7% vs +0.7% expected and US weekly initial jobless claims 218K vs 220K expected.
- By Ambar Warrick Investing.com — Most Asian currencies fell on Monday after data showed a slowdown in Chinese factory activity, while the Japanese yen extended its sharp recovery…
- You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.
- By Caroline Valetkevitch NEW YORK – The U.S. dollar was up against the yen on Wednesday after data showed a surprise pickup in the U.S. services industry in July, while…
Thanks to the Kansas Bankers Association for the invitation to share my perspective on the economy and bank regulation. It is always a pleasure to be here with you for this annual gathering. I am especially looking forward to hearing broker DotBig what is on your minds about supervision and regulation, how you are navigating current economic conditions, and your … All breaking news is rated high , medium , or low depending on the how much it impacted the market.
Latest News
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). Copenhagen based Retail FX and CFDs broker Saxo Bank has reported its client trading broker DotBig 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 19% from Junes $399 billion, with all four of its product categories seeing double digit …
Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Keep track of the latest currency market moves as they develop. Stay up-to-date on breaking https://dotbigbroker.com/ as well as relevant financial developments. UK house price inflation eased slightly in July after accelerating sharply in the previous month, and prices fell on a monthly basis for the first time since June last year, as rising interest rates and high cost of living hurt activity. Employment in the U.S. jumped by much more than expected in the month of July, according to a closely watched report released by the Labor Department on Friday.
Economic Indicator
NEW YORK -Speculators’ net long bets on the U.S. dollar fell in the latest week, according to calculations by Reuters and U.S. NEW YORK – Speculators’ net long bets on the U.S. dollar fell in the latest week, according to calculations by Reuters and U.S. Canopy Growth Corp. (CGC, WEED.TO) reported that its first-quarter net loss attributable to the company was C$2.08 million forex news or C$5.23 per share, compared to net income of C$0.39 million or C$0.84 per share in the prior-year quarter. While reporting financial results for the fourth quarter on Friday, Western Digital Corp. provided its adjusted earnings and revenue guidance for the first quarter of fiscal 2023. Gold turned south in the second half of the day on Friday and fell toward $1,770.
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. It was dotbig broker FOMC monetary policy decision week & it looks like we got a slightly different tone from Powell that sparked a move away from the USD.
Canadian Market Likely To See Mixed Open
House Speaker Nancy Pelosi to the country on Tuesday, with most… By Fergal Smith TORONTO – Analysts expect the Canadian dollar to rally over the coming year, betting the threat of recession will ease as the U.S. You can disable notifications at any time from your browser. Take our personality https://www.dailyforex.com/forex-news/page-1 quiz to find out what type of trader you are and about your strengths. Take control of your trading with powerful trading platforms and resources designed to give you an edge. Choose from spread-only, fixed commissions plus ultra-low spread, or STP Pro for high volume traders.
Market News
After the US data showed Nonfarm Payrolls rose by 528,000 in July, the benchmark 10-year US Treasury bond yield gained more than 6%, weighing heavily on XAU/USD. The RBNZ’s quarterly inflation survey occasionally has an impact on the kiwi (1pmSyd/11am Sing/HK). FXStreet is the leading independent portal dedicated to the Foreign Exchange market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective dotbig company and unbiased information, to enable their users to take better and more confident decisions. “Westpac looks for a 0.3% m/m rise in June nominal turnover and 0.8% q/q for inflation-adjusted Q2 sales . Guideposts such as consumer and business sentiment surveys were mixed in June but a mild positive could come from reduced discounting. The sharp rise in real retail sales we expect in Q2 needs to be viewed in the context of a weak 0.2% in Q1.
Recent Comments