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With both the ECB and the BOJ meetings this week, EUR/JPY could be volatile. Add in the threat of intervention by Japan, https://everyeventgives.com/event/short-selling/ and the pair could really swing. In this week’s edition, we are getting technical on the USD/CNH, Gold and S&P 500.
EUR/USD holds above 0.9950 after US data
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Forexlive Americas FX news. Stocks higher. Yields higher. Dollar mostly higher
By Saqib Iqbal Ahmed NEW YORK -Speculators’ net long bets on the U.S. dollar edged higher in the latest week, according to calculations by Reuters and U.S. By Yasin Ebrahim Investing.com — The pound’s rebound since hitting an all-time low may soon run out of steam as the challenges facing new Prime Minister Rishi Sunak have deepened… LONDON – Britain would have the power to regulate all cryptoassets under a proposal the UK financial services minister has added to a draft law before parliament that… Bitcoin is correcting after touching the $20.8K area, but the price above previous local highs and the 50-day moving average.
- After an initial uptick and a subsequent fall into negative territory, the Canadian market recovered and eventually closed on a firm note on Friday.
- We are go to source for you to get breaking news stories and in-depth market updates from around the world.
- By John McCrank NEW YORK – The euro dropped more than 1% on Thursday, falling back below parity with the dollar, after the European Central Bank raised interest…
- By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trading Wednesday, trading near a three-week low, as traders reacted to more U.S. economic weakness as…
- Carry trades are most common in forex trading with traders borrowing the low interest Japanese yen to buy higher interest currencies.
We are go to source for you to get breaking news stories and in-depth market updates from around the world. World Forex News delivers real time updated forex news and market research.
The technicals are having a profound impact in the major currency pairs today.Find out why
Russia’s central bank left its interest rate unchanged on Friday after six consecutive rate cuts as inflation expectations moved higher. The Board of Directors of the Bank of Russia decided to retain the key interest rate at 7.50 percent. 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.
Mastercard and Ripple’s Xpring Ally With the Industry Group to Foster Blockchain Education
ETH witnessed a massive recovery, and BTC climbed above the $20,000 level. Gold is having a difficult time staging a rebound in the second half of the day and trades deep in negative territory below $1,650.
Economic data beats are usually a good thing, unless it is in the guise of much higher than expected inflation. A fiat currency is any monetary instrument backed by a national government. Learn forex news how fiat currencies operate and how they compare to other types of money. FinancialCentre ReviewFinancialCentre is an experienced broker that deals with many asset types and classes.
HANOI – Vietnam is preparing to loosen its tight leash on the dong currency, including possibly widening its trading band with the U.S. dollar again, in order to… By Marc Jones and Alun John LONDON – Currency trading has hit a record $7.5 trillion-a-day, a comprehensive new study has shown, with the dollar retaining its global…
CRYPTOCURRENCIES
Also, the Fed’s favorite measure of inflation is back up to levels not seen since March. Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy.
Markets: How the war is shaking stocks, gold, oil, bonds and…
Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE. Will the Fed consider an ECI reading of 1.2% to be “uncomfortably higher”?
