By Michael S.

ANKARA – Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting forex transactions with foreign banks during “off hours” and… HONG KONG – China will keep the yuan currency stable and increase flexibility of the yuan exchange rate, the central bank governor said on Thursday. By Michael S. Derby -A top Federal Reserve Bank of New York official said on Friday that the bank sees promise in using a central bank digital dollar to speed up… A simplistic, superficial take of today’s jobs report would conclude that the red hot jump in nonfarm payrolls https://tradersforex.xyz/ indicates a “strong hiring market” (just ignore the jump in the … Under the direction of the Asian Consultative Council of the BIS, in April 2021 the BIS Representative Office for Asia and the Pacific established a Study Group on “Foreign exchange markets in Asia-Pacific”. The Study Group comprises members from the central banks and monetary authorities of Australia, China, Hong Kong SAR, India, Indonesia, Korea, … Federal Reserve Chair Jerome Powell said 19 policymakers this week recommitted to following the highest ethical standards in the wake of two recent lapses.

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The report showed non-farm payroll employment jumped by 261,000 jobs in October after surging by an upwardly revised 315,000 DotBig broker jobs in September. Price action traders may also wish to note that we see a doji candlestick pattern on gbpusd.

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The completeness, and timeliness of the articles posted here may vary and are not necessarily accurate at all times. The reader is solely responsible for his/her use of such information and trading news and the appropriateness of the same to him/her. NZD/USD Outlook Mired by Failure to Clear October Opening RangeNZD/US may struggle to retain the advance from earlier this month if the exchange rate fails to clear the October high (0.5814). This is a reversal of the price action on the previous hour, in which price moved down. And in terms of interesting streaks, NZDCHF has now rallied 9 out of the past ten trading days. By Tetsushi Kajimoto and Leika Kihara TOKYO -Japan’s currency interventions have been stealth operations in order to maximise the effects of its forays into the market,… By Saqib Iqbal Ahmed NEW YORK -Investors are hesitant to bet on a sustained decline in the dollar, even after the U.S. currency suffered its sharpest pullback in about…

  • From stocks to forex, commodities to the economy—we got you covered!
  • Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
  • FinancialCentre ReviewFinancialCentre is an experienced broker that deals with many asset types and classes.
  • Despite yesterday’s negative US finish, Asia markets bounced back strongly today on more unsubstantiated reports that the Chinese government is looking at a reopening strategy as …
  • Last but not least, it’s worth noting that NZDJPY has crossed its 20 hour moving average.

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Alternatively, on a 90 day basis, the strongest trend appears on USDCAD. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for NZDUSD, AUDCHF, NZDCHF, USDNOK, GBPUSD, EURNZD, USDSEK, CADCHF, USDCAD, AUDUSD, EURSEK and EURUSD. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs. Price action traders will also want to note that a base appears to be forming on GBPAUD and CHFJPY. Price bases often precede increases in volatility and a clear trend. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. MOSCOW -The rouble strengthened on Friday, hovering between 61 and 62 to the dollar and showing limited reaction to the central bank’s decision to leave interest rates…

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“The public’s trust is really the Fed’s — and any central bank’s — most important asset,” Powell told reporters Wednesday in Washington following the end of a two-day Federal Open Market Committee … 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. European stocks are up sharply in positive territory a little past noon https://tradersforex.xyz/ on Friday, building on early gains, as investors focus on earnings updates, shrugging off concerns about inflation and interest rates. The chart below summarizes the price news by currency, showing which currency strengthened vs which weakened when equally averaged against other currencies. Of note is that NOK was the outperformer for the day, changing by 0.46%. In the preceding hour, CADJPY has has made the biggest move in the forex asset class, falling pips (-0.13%).

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For more forex news beyond what is offered on CFDTrading, check out Forex Factory, FX Empire, and ForexLive. For the latest stories on specific currency pairs, try the articles below. FuboTV , the company that bills itself as the Netflix of live sports, saw its share price rise in Friday’s premarket after the New York-based company reported earnings that beat consensus on the top and bottom lines.

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Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar slid against major currencies on Tuesday, on some expectation that the Federal Reserve will signal a slower pace… By Peter Nurse Investing.com – The U.S. dollar surged in early European trade Thursday after the Federal Reserve signaled it will raise interest DotBig broker rates higher than expected, while… Despite yesterday’s negative US finish, Asia markets bounced back strongly today on more unsubstantiated reports that the Chinese government is looking at a reopening strategy as … After opening with a strong positive gap Friday morning, and moving further up north, the Canadian market gave up most of its gains and was modestly up in early afternoon trade. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.

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