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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… The U.S. dollar showed mixed trading against its major counterparts in the European session on Thursday, following the release of a slew of U.S. economic data, including a report showing an unexpected increase in retail sales in August. Stay informed with real-time market insights, actionable trade ideas and professional guidance. 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.

forex news

Some key factors that Global Brands Magazine takes into account to declare winners are innovative technology, a super-fast customer service, rapid growth, cross-platform compatibility and trading transparency. Compared to its peers in the forex, DotBig broker nzdjpy gave its buyers a return that ranked 31st in terms of percentage change since the day prior. And in terms of interesting streaks, CADJPY, AUDJPY, TRYJPY and USDJPY have now rallied 8, 8, 8 and 9 out of the past ten trading days.

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By Peter Nurse – The U.S. dollar edged lower in early European trade Tuesday ahead of the release of the hotly anticipated U.S. inflation data, which is likely to set… Stay up-to-date on breaking as well as relevant financial developments. A report released by the Labor Department on Thursday unexpectedly showed another modest decrease in first-time claims for U.S. unemployment benefits in the week ended September 10th. The Labor Department said initial jobless claims slipped to 213,000, a decrease of 5,000 from the previous week’s revised level of 218,000.

Finally, instruments EURNOK, EURNZD, USDHKD and CADCHF are close to their 200 day moving average. Bitcoin stood aloof from key market movements last week, moving on a short leash around $20K. The key $20,000 level continues to provide a strong support for BTC.

Philly Fed Index Unexpectedly Turns Negative September

The Fed has no choice but to raise rates higher than the market expects, predicts billionaire investor Ray Dalio. Additionally, they can assist in advising you on the best MT4 brokers, the best CFD brokers, the best trading app to use, the best demo account brokers, and the best deposit bonus brokers. CFD products may not be available for your jurisdiction, the distribution of the above information is not intended to be contrary to local law or regulations. Mitrade has won the Fastest Growing Forex Fintech DotBig account Broker and the Most Innovative Forex Fintech Broker awards by Global Brands Magazine. This is Mitrade’s consecutive win in the same categories for the second successive year. Global Brands Magazine honors Forex brokers that consistently innovate and strive for excellent customer service to make Forex trading simple and accessible for everyone. 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.

  • The U.S. dollar showed mixed trading against its major counterparts in the European session on Thursday, following the release of a slew of U.S. economic data, including a report showing an unexpected increase in retail sales in August.
  • Meanwhile, the benchmark 10-year US Treasury bond yield is up nearly 2% on the day, further weighing on XAU/USD.
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  • By Peter Nurse – The U.S. dollar stabilized in early European trade Wednesday, pausing for breath after the previous session’s sharp gains in the wake of the…

The pairs that made the biggest moves, on a percentage basis, over the past day were EURJPY, CADJPY, and CHFJPY. Note that NZDJPY, ZARJPY, GBPJPY and NZDCHF made especially large and surprising moves over the past day. 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 Crypto Market Has Taken A Step Up But Has Not Yet Fly

A report released by the Commerce Department on Thursday showed U.S. business inventories increased by less than expected in the month of July. The Commerce Department said business inventories rose by 0.6 percent in July after surging by 1.4 percent in June. Economists had expected business inventories to climb by 0.8 percent.

European Equity Close: French Equities Lead The Downside In Third Day Of Losses

Price bases often precede increases in volatility and a clear trend. The Federal Reserve Bank of New York released a report on Thursday showing a notable rebound in regional manufacturing activity in the month of September. The New York Fed said its general business conditions index surged to a negative 1.5 in September from a negative 31.3 in August, although a negative reading still indicates a contraction in regional manufacturing activity.

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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. 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…

Us Retail Sales Preview: Will Falling Gas Prices Help Or Hurt Retail Sales?

With that said, traders should also note the downtrend on the 20 hourly candle timeframe, so the meaning of the candles may require further exploration. Currency PairMoving Average Period CrossedEURAUD50CADCHF50EURTRY20GBPAUD20GBPNZD20USDMXN20 From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that USDTRY has perhaps the strongest trend. The chart below summarizes the price news by currency, showing which currency strengthened vs which weakened when equally averaged against other currencies. By Peter Nurse – The U.S. dollar soared in early European trade Wednesday, rising to a fresh 24-year high against the Japanese yen as traders anticipate further… By Kantaro Komiya and Tetsushi Kajimoto TOKYO -Japan’s government wants to act if "rapid, one-sided" moves seen in the currency market recently continue, the country’s…

Build your confidence and knowledge with a wealth of educational tools and online resources. Gold came under strong technical selling pressure after having pierced through $1,680 and touched its lowest level in over two years near $1,660.

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