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By Ambar Warrick Investing.com– Most Asian currencies fell on Friday and were set to end the week lower as hotter-than-expected U.S. inflation drove up fears of more hawkish… By Leika Kihara WASHINGTON -Japan’s top currency diplomat Masato Kanda on Friday said authorities are ready to take decisive action in the currency market if excessive… By Karen Brettell NEW YORK – The dollar dipped against a basket of major currencies and sterling jumped on Monday after Britain’s new finance minister ditched most of… MOSCOW – Russian markets opened steady on Tuesday as month-end tax payments offered support to a rouble buffeted by ever-present investor jitters over the possibility of fresh… By Chang-Ran Kim and Leika Kihara TOKYO -Japanese authorities repeated their warnings about the yen’s precipitous fall against the dollar on Wednesday, with Finance…
Gold trades around $1,632 after peaking at $1,645.60 amid a weaker dollar earlier today. The greenback came under selling pressure ahead of the US opening as stocks welcomed encouraging earnings reports. The Federal Reserve Bank of Philadelphia released a report on Thursday showing https://forexreviewdaily.com/ a continued contraction in regional manufacturing activity in the month of October. The Philly Fed said its diffusion index for current activity inched up to a negative 8.7 in October from a negative 9.9 in September, but a negative reading still indicates a contraction.
Hawkish RBA Minutes give hope to Aussie bulls; AUD/USD
By Tejaswi Marthi – Bearish bets on Asian currencies stayed firm due to the unrelenting strength of the U.S. dollar, as ultra-hawkish posturing by most central banks… He euphoria over the recent rollback of fiscal measures appeared to fade amidst the negative sentiment triggered by the stubborn inflation.
The future of both the Conservative party and the UK government remains unclear. In the coming days, we’ll be finding out more information on the leadership contest and whether a general https://forexreviewdaily.com/ election could follow. Trading Triangles in Price Action In triangle formations, this is a level that’s expected to be broken with enough persistence from buyers or sellers .
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The report showed initial jobless claims slipped to 214,000, a decrease of 12,000 from the previous week’s revised level of 226,000. CAD/JPY has defied weaker oil prices, mostly thanks to a weaker yen and higher equity prices ahead of today’s inflation report. 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. Keep track of the latest currency market moves as they develop. Stay up-to-date on breaking as well as relevant financial developments. Indonesia’s central bank raised interest rates for a third policy session in a row, as expected, to rein in the rising inflation and to strengthen the weakening rupiah exchange rate, which was caused by increased capital outflows. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
The central bank held bond buying operations as the yield rose to 0.255 percent on Thursday. Bitcoin price is losing ground and continues to show weakness.
- This week’s UK CPI reading will still be one of the biggest factors driving the Bank of England’s early November decision on interest rates…
- A report released by the National Association of Realtors on Thursday showed a continued decrease in U.S. existing home sales in the month of September.
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- By Ambar Warrick Investing.com– Most Asian currencies moved little on Wednesday as hawkish comments from Federal Reserve officials helped stem recent losses in the dollar, while…
- The Switzerland stock market, which stayed weak till about the penultimate hour of the day’s trading session on Thursday, aw some brisk buying in closing minutes, but still ended the day on a slightly negative note.
- By Ambar Warrick Investing.com– Most Asian currencies fell on Friday and were set to end the week lower as hotter-than-expected U.S. inflation drove up fears of more hawkish…
By Ambar Warrick Investing.com– Most Asian currencies moved little on Wednesday as hawkish comments from Federal Reserve officials helped stem recent losses in the dollar, while… By Alexander Marrow MOSCOW -The Russian rouble strengthened on Wednesday, climbing https://finviz.com/forex.ashx to a near two-week high against the euro as the finance ministry held OFZ treasury… By Karen Brettell NEW YORK – The dollar bounced from two-week lows on Wednesday as benchmark 10-year Treasury yields rose to 14-year highs, while sterling weakened after…
Market Outlook
Government bonds extended their rally on Friday after Prime Minister Liz Truss fired Kwasi Kwarteng as Chancellor of the… By Leika Kihara WASHINGTON – Japan and other countries facing the fallout from a soaring U.S. dollar found https://forexreviewdaily.com/testimonials/ little comfort from last week’s meetings of global finance… By Tetsushi Kajimoto TOKYO -Japanese authorities kept up their verbal warnings to the market on Monday of a firm response to any overly rapid yen declines, after a…
By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trading Tuesday, while sterling largely retained overnight strength as investor sentiment soared as… Forex brokers By Saqib Iqbal Ahmed NEW YORK – The U.S. dollar edged higher against a basket of currencies on Tuesday, shaking off some of the weakness of the previous session, but a…
ECONOMIC INDICATOR
MOSCOW -The rouble strengthened to a one-week high against the dollar on Monday, supported by the start of a favourable month-end tax period, as oil prices edged lower… First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended October 15th, according to a report released by the Labor Department on Thursday.
Truss out as UK Prime Minister. What’s next for GBP/USD?
By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trading Wednesday, bouncing from a two-week low, while sterling slipped back after U.K. By Peter Nurse Investing.com – The U.S. dollar handed back some of its gains in early European trading Wednesday, while the euro rose on the back of soaring German producer… By Leika Kihara and Daniel Leussink TOKYO -Japanese policymakers made fresh threats of intervention on Thursday after the yen tumbled past the key psychological level of… Suggesting a recession is increasingly best brokers likely before yearend, the Conference Board released a report on Thursday showing a slightly bigger than expected decrease by its index of leading U.S. economic indicators in the month of September. By Peter Nurse Investing.com – The U.S. dollar stabilized in early European trading Friday after the release of another hot U.S. inflation number, while sterling retreated from… TOKYO – There are no changes to Japan’s position that it will act resolutely in case of volatility in the currency market, the Kyodo news agency quoted Japan’s Finance…
Anxiety lingered ahead of the interest review due by the Fed, ECB and Bank of England in the ensuing days. The Bank of Japan conducted an unscheduled bond buying operation on Thursday after the benchmark bond yields exceeded the ceiling. The BoJ targets 10-year Japanese government bond yield of zero percent, with a cap of 0.25 percent.