Forex And Currency News

Clients and prospects are advised to carefully consider 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. 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. FTSE 100 remains under pressure as investors look for clues on when rate hikes might ease. As UK stocks struggle to gain traction, psychological resistance firms.

  • The pairs that made the biggest moves, on a percentage basis, over the past day were CADJPY, EURJPY, and EURTRY.
  • Markets remain risk averse amid aggressive Fed rate hike bets, ahead of US NFP. XAU/USD path of least resistance appears down, with eyes on Oct lows at $1,617.
  • 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).
  • Over the past hour, USDTRY has has made the biggest move in the forex asset class, rising 614 pips (0.33%).

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. GBP/USD is resuming its decline towards 1.1300, as the US dollar rally regains traction amid a cautious mood and firmer Treasury yields. The Fed-BoE policy contrast weighs on the pair ahead of the BoE rate hike announcements. The Thai stock market on Wednesday wrote a finish to the DotBig four-day winning streak in which it had climbed almost 30 points or 1.9 percent. The Stock Exchange of Thailand now rests just above the 1,625-point plateau and the losses may accelerate on Thursday. The Bank of England is set to join its global counterparts on Thursday with a 75 basis point rate hike. Markets widely expect the BoE to raise the Bank Rate to 3.00 percent from 2.25 percent.

Boe The Main Event On The Agenda Today

The announcement is due at 8.00 AM ET. The BoE is also scheduled to release its monetary policy report. By Peter Nurse – The U.S. dollar edged higher in early European trade Monday at the start of a pivotal week which includes several central bank policy-setting… 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. The China stock market has tracked higher in two straight sessions, advancing almost 110 points or 3.7 percent along the way. The Shanghai Composite Index now sits just above the 3,000-point plateau although it’s expected to turn lower again on Thursday.

BENGALURU – The Reserve Bank of India will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on Nov. 1, it said on Monday,… 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,…

Forexlive Latest News

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… By Ambar Warrick– Most Asian currencies Forex news moved little on Tuesday as markets hunkered down ahead of several major central bank meetings this week, while the… Gold price is resuming its Fed-induced downside, as US dollar bulls regain traction.

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Indian shares were little changed in early trade on Thursday despite weak global cues after Fed chair Jerome Powell’s comments at the press conference post Fed meeting turned out to be more hawkish than expected. The chart below summarizes the price news by currency, showing which currency strengthened vs which weakened when equally averaged against other currencies. Alternatively, EUR changing by -0.84%, making it the worst performer of the bunch. By Ambar Warrick– Most Forex news Asian currencies retreated on Monday as weak Chinese economic data weighed on sentiment, while markets hunkered down ahead of a Federal… MOSCOW – The rouble edged lower against the dollar, euro and yuan on Tuesday, as the Russian currency began trading without the support of a favourable month-end tax… By Ambar Warrick– Most Asian currencies moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while…

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