forex news

The FTSE-100 benchmark of the London Stock Exchange is currently close to the flatline, unlike much of its European peers that have declined close to 1 percent. Lingering concerns of an economic slowdown rattled market sentiment.

  • A look at the day ahead in U.S. and global markets from Mike Dolan.
  • Last but not least, it’s worth noting that GBPUSD has crossed its 20 hour moving average.
  • By Geoffrey Smith — The European Central Bank issued a rare warning about the euro’s sliding foreign exchange rate on Thursday, adding to the global unease among…
  • Keep abreast of market opportunities in the FX markets with insights, actionable trade ideas and support.
  • This move is a reversal from the hour prior, which saw price move up.
  • By Harish Sridharan – Bearish bets on several Asian currencies hit a record high, driven by a slump in the Chinese yuan and a towering dollar as investors brace for more…

Cardano price continues to shed gains after a sweep of the $0.505 resistance level. Continued selling pressure could see ADA drop to the $0.435 support level.

Build your confidence and knowledge with a wealth of educational tools and online resources. Take control of your trading with powerful trading platforms and resources designed to give you an edge. FedEx stole the headlines on Thursday with its poor quarterly earnings release. What seeped into the sell-off of similar stocks though was the parcel delivery company’s withdrawing of full-year guidance.

Crude Oil Weekly Price Forecast

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EUR/USD has gathered recovery momentum and climbed above parity during the American trading hours on Friday. The greenback stays on the backfoot amid week-end flows and the soft inflation components of the UoM survey, allowing the pair to push higher. Note that the content on this site should not be considered investment advice. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. The chart below summarizes the price news by currency, showing which currency strengthened vs which weakened when equally averaged against other currencies.

Mufg Trade Of The Week: Going Short Nok

Bank’s acquisition of MUFG Union Bank’s core regional banking franchise to extend the outside termination date to December 31, 2022 from September 30, 2022. By Tommy DotBig broker Wilkes and Dhara Ranasinghe LONDON – Sterling’s slide against the dollar to a rate last seen in 1985 has sparked talk of a dramatic spiral downwards that ends…

forex news

It’s been a feast for bears operating on an hourly timeframe, as gbpusd has now gone down 4 of the past 5 hours. For more forex news beyond what is offered on CFDTrading, check out Forex Factory, FX Empire, and ForexLive. For the latest stories on specific currency pairs, try the articles below. NZD/USD Threatens Yearly Low After Failing to Push Back Above 50-Day SMANZD/USD appears to be tracking the negative slope in the 50-Day SMA (0.6225) amid the string of failed attempts to push back above the moving average. The key $20,000 level continues to provide a strong support for BTC.

Audusd Continues Its Move To The Downside As Global Growth Concerns Weigh On The Currency

Gold gained traction and turned positive on the day above $1,670 in the American session on Friday. The UOM’s Consumer Sentiment Survey showed declines in one-year and five-year inflation expectations, causing US yields to push lower and lifting XAU/USD. 🙂 as for the rationale, technical traders seem to be citing the appearance of a supply zone technical pattern.

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Bad things tend to happen in world markets when Japan’s yen registers wild swings and its latest freefall… By Leika Kihara and Tetsushi Kajimoto TOKYO – Japan’s government said it was ready to take action if "rapid, one-sided" moves in the currency market continue, signalling…

Market Outlook

The pound fell sharply against its major counterparts in the European session on Friday, as U.K. Retail sales declined more than expected in August, suggesting that the economy is falling into a recession. European stocks are down in negative territory a little past noon on Friday amid rising concerns about a recession in the U.S. and several other major economies due to rising interest rates.

By Ambar Warrick– Most Asian currencies moved little on Monday as caution kicked in ahead of key U.S. inflation data due this week, while the euro extended its… U.S. indices fell as prices pushed into key supports in the Dow, S&P and Nasdaq, with focus shifting towards next week’s FOMC rate decision. Keep abreast of market opportunities in the FX markets with insights, actionable trade ideas and support. Stay informed with real-time market insights, actionable trade ideas and professional guidance. Over the past hour, GBPUSD stands out as the biggest mover in the forex asset class on a percentage basis, increasing 11 pips (0.1%). Traders interested in intraday trends may wish to observe CADJPY, which has been in an uptrend over the past 100 price candles.

Looking For More Forex News?

By Leika Kihara and Tetsushi Kajimoto Japan is ready to take action to address "clearly excessive volatility" seen in the yen, the country’s top currency diplomat said on… By Ambar Warrick– Most Asian currencies crept higher on Friday and were set to end the week largely unchanged as the dollar DotBig overview retreated from a 20-year peak. By Ambar Warrick– China’s yuan fell the most among Asian currencies on Wednesday following a report that the U.S. was considering sanctions against Beijing to… Trade a wide range of forex markets plus spot metals with low pricing and excellent execution.

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