Keep track of the latest currency market moves as they develop. Stay up-to-date on breaking as well as relevant financial developments. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Relative to other instruments in the forex asset class, nzdjpy ranked 10th the previous day in terms of percentage price change. Lastly, instruments ZARJPY, AUDJPY, CADJPY, USDHKD and GBPNZD are close to their 200 day moving average. The chart below summarizes the price news by currency, showing which currency strengthened vs which weakened when equally averaged against other currencies.

  • Shares at the Pakistan Stock Exchange began the week in the red as uncertainty looms on the outlook for the country’s foreign exchange reserves with no clarity on when the pending ninth review of the International Monetary Fund will conclude.
  • The pairs that made the biggest moves, on a percentage basis, over the past day were NZDCAD, AUDCAD, and NZDCHF.
  • The author makes no representations as to the accuracy, completeness, or suitability of this information.
  • Volatility for nzdusd has been contracting over the past two weeks relative to volatility over the past month.
  • SEOUL – South Korea’s foreign exchange reserves increased in November for the first time in four months and by the largest amount in 13 months, central bank data showed…
  • LONDON -The euro retreated against the pound on Wednesday after data showed euro zone inflation cooled off by more than expected in November, reinforcing the case for a…

In volatile Monday trading, the Aussie reached a 2-1/2-month peak of $0.6851. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. Volatility for nzdusd has been contracting over the past two weeks relative to volatility over the past month. Based on the limited figures we have access to, there’s some evidence that the labor market has deteriorated over the last month… With both the RBA and the BoC meetings this week to discuss interest rate policy, AUD/CAD could be volatile. The RBA used the last meeting of the year to hike interest rates by another 25bp – its eighth hike in as many meetings.

Risk-off flows seep back and keep the safe-haven US Dollar afloat. The greenback also cheers the robust US data and renewed hawkish Fed outlook. This is just a conspiracy, why does Pakistan need stock market, it is west that forced on Pakistan and now India uses to create problems. Don’t worry FM will give a befitting reply to the stock market.

Technical Tuesday: S&P 500, Dollar Index, GBP/USD and Gold

A tap and you are good to find all the important stuff regarding forex. Japan finance minister Suzuki says its important for FX to move stably in line with fundamentals. • Will keep monitoring the FX market with a sense of urgency.

forex news

Price bases often precede increases in volatility and a clear trend. Factory orders and construction Purchasing Managers’ survey results from Germany are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany factory orders data for October. Economists forecast orders to grow 0.1 percent on month, in contrast to the 4.0 percent decrease in September.

The Riksbank meets on Thursday and the decision to raise by 75bps or 100bps could have implications for the next direction in EUR/SEK. For its part, the IMF in a statement last week had said Pakistan’s “timely finalisation” of a recovery plan from floods was essential to support discussions and continued financial support. A Dawn report last month said Pakistan was behind on multiple performance criteria essential for the completion of the review, with authorities hinting they had asked for some waivers from the financial institution. Anything and everything related to – we bring it here for you on one platform. The key driver initially was a WSJ article by Fed whisperer … – The last day of the week could prove to be a decisive one for EUR/USD, whose strong rise over the last few days will be put to an important test this Friday…. By Yasin Ebrahim – The dollar’s joyride on the back of the strong November jobs report Friday ran out of steam, but the bears aren’t likely to squeeze the greenback…

Central Bank Rates

Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. By Peter Nurse – The U.S. dollar slumped in early European trade Thursday after Federal Reserve chair Jerome Powell pointed to smaller rate hikes ahead, boosting risk… Trading Forex brokers releases requires a tremendous amount of composure, preparation and a well-defined strategy.

forex news

Gold surged to $1,810 a troy ounce at the beginning of the day but plunged amid renewed USD demand and ends the day around $1,766 troy ounce. Markets changed course following the release of upbeat US data, with the US Dollar accelerating its advance ahead of Wall Street’s close. The official ISM Services PMI for November improved by more than anticipated, surging to 56.5 from 54.4 and beating the 53.1 expected. Additionally, Factory Orders rose by 1% MoM in October, better than the 0.7% advance expected, while S&P Global upwardly revised its November Services PMI to 46.2 from a preliminary estimate of 46.1. This move is a reversal from the hour prior, which saw price move up.

News / Hottest Stories

Add the ability to filter, I for one only trade USD/JPY at the moment, euro or aud news,technicals and fundamentals are valueless to me e.g this would save data and time to sync., 2. Discard the full screen ads, who wants to see useless full screen ads while day trading ? Enable custom nofications, for technicals only or everything, and let us see the contents in the notification ticker, number of articles is not enough. A new week has reversed a good chunk of what we saw last week with equities down, yields up and the USD stronger. The key driver initially was a WSJ article by Fed whisperer Timiraos in which he hinted the US Fed could see the terminal rate higher than what market currently price (“brisk wage growth or higher inflation in labor-intensive service sectors of …

China worries dominate agenda

XAU/USD Seeks Rising Wedge BreakoutSpot gold has been at the mercy of the US dollar and will continue to do so while XAU/USD considers bearish breakout potential. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions xness com or any losses, injuries or damages arising from this information and its display or use. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

When we spend 30% of our budget ONE department and no money for anything else, including flood relief, this is bound to happen. I thought economic wizard Dar was going to revolutionize our economy. No more dash to Mid East or China and lying to the nation about billions in investment and fresh loans.

USD/JPY nudges higher to test key near-term level to start the session

Chances are that Powell and gang stick to the plan and only hike 50bps. However, that’s not to say that they can’t increase rates later if they deem it necessary. The precious metal tested and rejected a multi-month level of resistance but looks to make a fresh attempt in the coming days. The Japanese Yen slumped, sending USD/JPY higher in a very rare move as the US Dollar gained and stocks dropped. Ahead, the Australian Dollar is eyeing a likely RBA rate hike. GBP/USD remains stuck in a narrow range around 1.2200, as traders turn cautious in early Europe.

As for who is on a hot streak, GBPCAD, NZDJPY and USDCHF have now rallied 8 out of the past ten trading days. Vaccine partners Pfizer Inc. and BioNTech SE are seeking emergency use authorization or EUA from the U.S. Food and Drug Administration to offer their bivalent COVID-19 vaccine to children 6 months through 4 years of age.