We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We’re also a community of traders that support each other on our daily trading journey. Keep track of the latest currency market moves as they develop. Stay up-to-date on breaking best forex broker as well as relevant financial developments. Gold prices continue to consolidate despite elevated geopolitical risks. For Bullion, Thursday’s US CPI print remains a key catalyst for price action.
- Trade a wide range of forex markets plus spot metals with low pricing and excellent execution.
- For Bullion, Thursday’s US CPI print remains a key catalyst for price action.
- By Peter Nurse Investing.com — The U.S. dollar traded higher Tuesday, finding supporters ahead of the release of key inflation data later in the week which could renew…
- JAKARTA – Indonesia’s foreign exchange reserves fell by $3.6 billion in January to $141.3 billion, a level equivalent to 7.6 months of imports, the central bank said on…
- Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
- Learn the principles and applications of support and resistance analysis for more consistent results.
Stronger than expected growth in new Canadian GDP data sees the Canadian dollar keep a fundamental headwind behind its attractiveness to investors. King Dollar reigned this week as traders anticipated & reacted to a pretty hawkish Fed statement, & likely on weakening economic data. Anyone gutsy enough to trade New Zealand’s jobs report? Here’s a bearish Forex trading pullback setup on a Kiwi pair if you’re expecting a downbeat figure. Stay up to date with the financial markets everywhere you go. Trade a wide range of forex markets plus spot metals with low pricing and excellent execution. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
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The move to the upside took the price back above the 200 and 100 hour MAs (green and… EURUSD moves back below the 100 day MA The EURUSD is mired in a 46 pip trading range. That is 62% of the 75 pips average over that last 22 trading days. Today’s trading highlights the peril of trading USD/CAD on fundamentals.
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Learn the principles and applications of support and resistance analysis for more consistent results. AUD/USD may stage a larger recovery over the coming days if the exchange rate manages to clear the opening range for February. Shiba Inu price has seen impressive gains over the past week that face the threat of getting undone.
By Gina Lee Investing.com – The dollar was up on Monday morning in Asia, with the euro near a three-week high hit during the previous week. USDJPY tests the low of a swing area at the high today The USDJPY fell yesterday but found support buyers near the 200 hour MA and the 50% midpoint of the 2022 trading range (see… Kickstart your forex trading journey with our beginner articles, covering the basics of the https://www.dukascopy.com/swiss/english/forex/trading/ FX market and how to read FX pairs. The ‘big four’ auditor, KPMG Canada, has announced it is adding Bitcoin and Ethereum to its corporate balance sheet. This is the company’s first direct investment in any crypto assets. Trade with a global market leader with a proven track record of financial strength and reliability. USDJPY holds support on the dip The USDJPY stepped higher with the higher rates last week.
Weekly Fx Market Recap: Jan 24
Gold price is sitting at the highest levels in nine days near the $1,830 barrier, with all eyes on the US inflation report due this Thursday. Bulls are biding time before kicking off a fresh uptrend, as the markets cheer the Wall Street rebound amid retreating Treasury yields. EUR/USD is holding the advance above 1.1400, helped by a broadly softer US dollar. The retreat in the Treasury yields and an upbeat market mood drag the greenback lower. The Fed sentiment and inflation concerns continue to play out. We have not one, but TWO central bank events this week!
Anyone planning on trading the BOC and FOMC decisions today? Here’s a simple dollar bullish setup I’m watching on USD/CAD. The U.S. is printing growth numbers today! Will the release affect the dollar’s intraweek trends? We don’t have a ton of top-tier reports coming our way but that doesn’t mean we won’t see volatility among the major dollar pairs!
US dollar will benefit from the Fed’s inflation conversion. Surprising communications on likely rate hikes and inflation over the course of 2022 produced what is seen as a more hawkish tilt to the Federal Reserve’s monetary policy.