Forex News Today

16 Jul Forex News Today

Copper Rebound Chances Fade on Weak Demand and Rising SupplyCopper prices look doomed to continue languishing over the near term. A depressed economic outlook is likely to weigh on prices even on a protracted US Dollar pullback. New Zealand central bank raised fbs.com its key interest rate by 50 basis points for the fifth straight meeting and signaled more tightening going forward. The Monetary Policy Committee of the Reserve Bank of New Zealand decided to lift the Official Cash Rate to 3.50 percent from 3.00 percent.

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Top Cryptocurrency Exchanges

FOREXLIVE™ may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. 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 to be temporary, a senior Bank Indonesia official said on Thursday,… By Ambar Warrick Investing.com– Most Asian currencies took some relief from a weakening dollar and rose slightly on Tuesday, while the Australian dollar tumbled after the central…

• 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…
• 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.
• 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.
• Trading Triangles in Price Action In triangle formations, this is a level that’s expected to be broken with enough persistence from buyers or sellers .

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 Geoffrey Smith Investing.com — The dollar steadied and pushed higher in early https://forexreviewdaily.com/fbs/ dealings in Europe on Wednesday, after senior Federal Reserve officials played down suggestions of… Bitcoin is testing the longer-term downtrend and unless this can be broken convincingly, a drop back to multi-month support looks increasingly likely.

New Zealand Central Bank Lifts Rate By 50 Bps; Signals Additional Tightening

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 Amanda Cooper LONDON – Demand for U.S. dollars in the currency derivative markets surged on Friday to its highest since the COVID-19 crisis in 2020 as market turmoil… 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 Marc Jones LONDON -Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency network following an 8-month… Stay up-to-date on breaking https://forexreviewdaily.com/fbs/ as well as relevant financial developments. The Euro retreated from parity to the dollar in European trade as investors weigh the possibility of a dovish Fed. Dailyfxupdate.com- Our goal is to provide traders with all the information and tools they need to trade successfully.

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The trading strategy is a guide for currency traders that helps you lock in the basics of your trading plan including which forex pairs to trade and the best time to trade. Price Action Support and Resistance While price action presents a somewhat objective framework for Forex brokers traders to work with, identifying workable zones of support and resistance requires a bit of subjectivity. The final composite output index fell to a 20-month low of 48.1 in September from 48.9. 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.

Market Outlook

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 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… KUALA LUMPUR – The weakening Malaysian ringgit, which is at its lowest since 1998, was not a reflection https://www.teletrade.ru/analytics/news of the state of the nation’s economy, its central bank governor… 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… The precious metal has been on a strong run of late, fueled by lower US rate expectations. Welcome back to the deep dive series where this time we focus on Visa , the global payments company.

Us International Trade Balance For August $

By Yasin Ebrahim Investing.com — The dollar suffered a bruising encounter Tuesday, but its swing lower may come to an abrupt end in the coming days as Friday’s U.S. monthly jobs… By Yousef Saba DUBAI – The Middle East and North Africa are the world’s fastest-growing cryptocurrency markets, with the volume of crypto received in the region jumping… Sizable move in rates this morning Mary Daly helped to push the higher rates theme back in early-August 10 year added 150 bps over next ~2 months she’s fast … In this week’s edition, we discuss the pound’s extreme volatility amid the BoE’s intervention and government’s questionable policy response to soaring cost of living crisis in the UK. RPM International, Inc. reported Wednesday that net income attributable to RPM for the first quarter grew to $169.01 million or $1.31 per share from $134.58 million or $1.04 per share in the prior-year quarter.

News Home

Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. FTSE 100 has rebounded off key psychological support as risk appetite turns positive. Softer USD and lower yields support gains while technical levels remain intact. Shorting the pound is a strategy that makes profit if the price of the British pound falls. To short the pound, you want to enter the trade as close to resistance level as possible. With the value of imports showing a notable decrease, the Commerce Department released a report on Wednesday showing the U.S. trade deficit narrowed by more than expected in the month of August. Private sector employment in the U.S. increased by slightly more than expected in the month of September, according to a report released by payroll processor ADP on Wednesday.

By Alexander Marrow MOSCOW -The rouble weakened on Friday, giving up huge gains that had seen it soar to an eight-year high against the euro, as investors slashed foreign… After the BOJ and the BOE intervened in the markets, traders are asking “Who’s next? Markets will be waiting on pin and needles this week to see which central bank may be the next https://forexreviewdaily.com/ to intervene. 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… SHANGHAI -China’s yuan bounced on Thursday from a 14-year low against the dollar hit in the previous session, snapping eight straight days of losses, after the central…