Forex News Today: Daily Trading News
This week is off to a bit of a slow start, but AUD price action could pick up once the RBA prints the minutes of its latest policy meeting. Shares were under downward pressure and the dollar climbed as markets opened in Asia on Monday to news of growing unrest in China over Covid restrictions.
- It is a quiet start to the week for the EUR/USD on the economic calendar.
- US equities have rallied after weak US PMI’s raised prospects of a softer Fed narrative.
- Japan, long known for their lack of inflation, has just seen consumer prices rise to their highest levels since 1982.
- As with all such advisory services, past results are never a guarantee of future results.
- By Ambar Warrick Investing.com– Most Asian currencies slumped on Monday, with the yuan hit especially hard as China logged a record jump in daily COVID cases, while the dollar…
If you are seeking drug and alcohol related addiction rehab for yourself or a loved one, the YourFirstStep.org hotline is a confidential and convenient solution. Despite economic uncertainty, pension funds saw relatively strong growth in 2021. The worlds 100 biggest pension funds are worth over $17 trillion in total, an increase of 8.5% over the previous year. This graphic uses data from the Thinking Ahead Institute to rank the worlds biggest pension funds, and where they are located. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. Asian stocks plunged on Monday amidst a flare-up in protests against China’s strict Covid curbs.
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By Rae Wee and Harry Robertson SINGAPORE/LONDON – The dollar weakened on Monday as investors weighed up the recent drop in U.S. government bond yields, while… Despite opening on a weak note following a negative lead from Asian markets, Indian shares recovered swiftly and moved higher on Monday thanks to sustained buying at several frontline counters, including Reliance Industries. GBP/USD Breakout Nears as Highs and Lows CompressGBP/USD is setting up for an apex breakout as price action continues to narrow. EUR/JPY Breaks Horizontal Resistance, https://dotbigbroker.com/ Eyeing Triangle BreakoutThe pair is at an interesting point at present with price action giving mixed signals. Price is being squeezed with the apex of the triangle approaching, a breakout is imminent. EUR/USD Bullish Continuation Potential Above 1.035EUR/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. Gold enjoyed its best day in 8-months following the US inflation report and shows the potential to extend it run.
The Canadian market ended modestly higher on Friday after another lackluster session as investors once again refrained from making significant moves amid a lack of triggers. Despite fears of inflation, consumers spent $9.12 billion for online shopping during Black Friday, higher than in previous years, as per a report published by Adobe Analytics. During the 2022 holiday season, total estimated revenues are $209.7 billion, a growth of 2.5 percent from last year’s recorded revenues of $205 billion. US Dollar bears may be looking for higher levels to sell, while EUR/USD bulls may be looking for better levels to buy. US equities have rallied after weak US PMI’s raised prospects of a softer Fed narrative.
Learn more about what it is, its causes and the effects on traders. Learn the Basics Effective risk management is essential to maintaining control in forex trading. In this week’s edition, we discuss the dollar, EUR/USD, gold and the Russell index. Determine significant support and resistance levels with the help of pivot points.
Daily Forex News and Watchlist: NZD/USD
The surging Covid caseload and the widespread protests in China dampened investor sentiment in most of the Asian markets. A holiday-shortened week saw some impressive moves across a range of financial markets, buoyed by a slightly less hawkish FOMC. If you wish to contact a specific medical detox center then find a specific treatment center using our addiction treatment locator tool.
The greenback made some of its biggest early gains against the currencies of Australia and South Africa, both of which are exposed to trade with China. European stock markets are likely to open negative on Monday tracking losses in Asian peers. China’s surging Covid caseload and widespread protests against the strict restrictions dampened investor sentiment in most of the Asian markets. Clients and prospects are advised to carefully consider broker DotBig the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice.
Daily Forex News and Watchlist: USD/JPY
The US Dollar has gained some traction to start the week after a weekend that saw protests across China regarding their zero-case Covid-19 policy. By Ambar Warrick Investing.com — Asian currencies rose slightly on Friday as they recovered from a series of bruising sessions, with sentiment remaining constrained after hawkish… By Sinéad Carew and Amanda Cooper NEW YORK/LONDON – The dollar gained slightly on Friday and remained on track for its largest weekly gain in over a month as investors… NEW YORK – The U.S. dollar’s net positioning turned net short in the latest week for the first time since mid-July 2021, according to calculations by Reuters and U.S…. By Joice Alves LONDON – Sterling slipped against a strengthening U.S. dollar on Monday as global risk sentiment was dented by rising COVID-19 cases in China, which led… BEIRUT -Lebanon’s central bank will adopt an exchange rate of 15,000 Lebanese pounds per U.S. dollar as of Feb. 1 as part of a process to unify the country’s multiple…
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Learn how to trade forex in a fun and easy-to-understand format. So if it going to be weak, and negative growth, then it should broker DotBig should be down. The normal, buy rumour sell fact cliche, probably there was a tip a declaration is coming, let us …
Price action was mixed between the majors, with CHF taking the top spot due to a slight risk-off lean, and CAD falling to last as oil prices tanked. With not a lot of data on tap, traders could continue to trade the possibility of a Fed slowdown. Find the approximate amount of currency units to buy or sell so you can control your maximum risk per position.
FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results. We introduce people to the world of trading currencies, both fiat and crypto, through our non-drowsy educational content and tools. We’re also a community of traders that support each other on our daily trading journey. Nigeria on Wednesday launched https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work newly designed currency notes, a move that the West African nations central bank says will help curb inflation and money laundering. The newly designed denominations of 200 (5 U.S. cents), 500 ($1.10) and 1,000 naira ($2.20) also would drive financial inclusion and economic growth, said Godwin Emefiele, governor of the Central … 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.
Lower SGX Nifty points to a negative start for Indian shares on Monday. Weakness in Asian markets amid the growing unrest in China over the unprecedented COVID restrictions and the zero-Covid policy is likely to weigh. A combination of data including GDP, inflation and a sentiment report from the US and Europe puts EUR/USD into focus for today’s session. Whilst traders remain net-long the US dollar, around $7 billion of net-long exposure was unwound last week alone. With the German PPI on Monday and economic data due out of the EU and US this week, along with the FOMC Minutes, EUR/USD could be quite volatile.