Forex Market News

By Sinéad Carew and Alun John NEW YORK/LONDON – After tumbling earlier, sterling rallied against the dollar on Wednesday following the Bank of England’s purchase… By Gertrude Chavez-Dreyfuss NEW YORK – Sterling rose sharply in volatile trading on Thursday, rallying from record lows hit on Monday, after the Bank of England…

• By Lisa Pauline Mattackal and Medha Singh – A new NFT trading craze where names are bought and sold for eye-popping sums is providing a multi-million-dollar lifeline for…
• Markets will be waiting on pin and needles this week to see which central bank may be the next to intervene.
• By Darya Korsunskaya MOSCOW – Russia estimates the new cut-off price for its budget rule that diverts excess oil revenues into its wealth fund at $62-$63 per barrel and…
• All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
• European stocks look set to extend gains from the previous session on Tuesday as Treasury yields eased from levels not seen in roughly a decade on expectations for less aggressive action by the U.S.

This development could change quickly as Bitcoin bulls seem to be back and could propel ETH out of the ongoing range tightening.

Latest News

SHANGHAI – China’s yuan is unlikely to continue depreciating rapidly, the state-owned Securities Times said in a front-page commentary on Thursday, as currencies… By Gayatri Suroyo and Stefanno Sulaiman JAKARTA – Pressure on Indonesia’s rupiah is expected DotBig company to be temporary, a senior Bank Indonesia official said on Thursday,… By Lisa Pauline Mattackal and Medha Singh – A new NFT trading craze where names are bought and sold for eye-popping sums is providing a multi-million-dollar lifeline for…

By Elizabeth Howcroft LONDON – Trading volumes between the British pound and the cryptocurrency bitcoin spiked to a record high after sterling dropped on Monday,… By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trading Friday as sterling and the euro stabilized near one-week highs, helped by intervention by the… By Tetsushi Kajimoto TOKYO -Japan stands ready to take "decisive" steps in the foreign exchange market if excessive yen moves persist, Finance Minister Shunichi Suzuki… By Peter Nurse Investing.com – The U.S. dollar retreated in early European trading Tuesday with risk sentiment on the rise, while sterling retained its recent gains after the U.K…. Prospects of some coordinated central bank action and the lack of fresh news may encourage short-side profit-taking… Shorting the pound is a strategy that makes profit if the price of the British pound falls.

The Bank of England is the first to pivot back to quantitative easing, claiming to restore market functioning and reduce risks of contagion. After the BOJ and the BOE intervened in the markets, traders are asking “Who’s next? Australian shares have risen to mark their biggest intraday jump since late January, tracking a strong performance on Wall Street, even as domestic investors braced for another … It is prohibited to use, store, reproduce, display, https://www.chase.com/ modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. By Darya Korsunskaya MOSCOW – Russia estimates the new cut-off price for its budget rule that diverts excess oil revenues into its wealth fund at $62-$63 per barrel and…

Ethereum Price Needs To Overcome This Hurdle To Reach $1,500

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 https://getblogo.com/dotbig-ltd-review-pros-and-cons-of-the-trading-platform-explained/ results are never a guarantee of future results. Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary. The Australian dollar fell against its major counterparts in the Asian session on Tuesday, as the Reserve Bank of Australia delivered a smaller rate hike than expected amid uncertainty over the global economic outlook.

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from global markets overnight, as data showing that U.S. manufacturing activity slowed to its weakest pace in 30 months helped ease concerns about aggressive monetary tightening by the US Fed. The up move was supported by bargain hunting, rising oil prices and falling treasury yields. ForexNews.World delivers real time updated and market research. We are leading source for latest news on cryptocurrency along with technical analysis on the foreign currency, commodities and trading strategies. We are go to source for you to get breaking news stories and in-depth market updates from around the world. 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.

Forex Majors

KUALA LUMPUR – The weakening Malaysian ringgit, which is at its lowest since 1998, was not a reflection of the state of the nation’s economy, its central bank governor… By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trading Monday, while sterling also gained after the U.K. By Alexander Villegas and Natalia A. Ramos Miranda SANTIAGO – Chile’s sliding peso got a shot in the arm in July from a huge $25 billion central bank intervention, but… Indian shares look set to open on a positive note Tuesday, though oil price movements, the direction of rupee and caution ahead of a holiday on Wednesday might induce some volatility as the session progresses. Asian shares climbed on Tuesday amid hopes for a dovish pivot from the U.S.

To short the pound, you want to enter the trade as close to resistance level as possible. 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.

Kuwait Oil Minister Says Opec+ Decision Will Aim To Guarantee Supply Security

At 2.00 am ET, the National Institute of Statistics is scheduled to issue Romania’s producer prices for August. Australia’s central bank raised its benchmark rate by a smaller-than-expected quarter point on Tuesday, after lifting rates by 50 basis points in each of the last four meetings. The policy board of the RBA, headed by Governor Philip Lowe, decided to lift the cash rate target by 25 basis points to 2.60 percent from 2.35 percent. It was an incredible week in financial markets, which is something we seem to be saying every week lately. This one truly was,however, due to the sudden risk of a mini-Lehman event in the UK spreading havoc across global markets. The central bank is gearing up for another rate rise as some economists grow concerned about aggressive hikes plunging the economy into a recession.

Commodities Our guide explores the most traded commodities worldwide and how to start trading them.Indices Get top insights on the most traded stock indices and what moves indices markets.Cryptocurrencies Find out more about top cryptocurrencies to trade and how to get started. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

However, the swell may have more to do with temporary liquidity flows; with longer-term norms for the likes of VIX and structural issues such as recession fears amplifying the market’s sensitive to threats. This leaves traders nervous to buy the dip in Gold as it moves to its lowest level since April 2020. The combination of the UK’s mini-budget and general flight to the US dollar has sent the pound broadly lower and GBP/USD to a new record low.

A Price Action Tell: Support At Prior Resistance, Resistance At Prior Support

By John Revill ZURICH -The Swiss National Bank sold 5 million Swiss francs ($5.1 million) worth of foreign currency in market interventions in the second quarter of 2022,… By DotBig company Ambar Warrick Investing.com– Most Asian currencies crept lower on Monday as concerns over worsening global economic growth kept the dollar close to a 20-year peak, while…