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 DotBig company guidance. The Australian dollar failed to retain early gains and trades near its weekly low at 0.6840, weighed by a dismal market mood as shown by falling high-yielding equities.
By Karen Brettell NEW YORK – The dollar index gained on Friday after Federal Reserve Chair Jerome Powell adopted a hawkish tone to battling inflation, but did not settle… By Scott Kanowsky Investing.com — The U.S. dollar touched a 20-year high against a basket of major currencies on Monday, as investors digest a pledge from Federal Reserve chair… By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Tuesday, falling back from a 20-year https://www.forbes.com/advisor/investing/what-is-forex-trading/ peak, as attention turns towards Europe, with… By Peter Nurse Investing.com – The U.S. dollar drifted lower in early European trade Wednesday, retreating from the 20-year peak seen earlier in the week as a nascent rebound in… The precious metal is heading for a fifth consecutive monthly loss and is now nearing an important, longer-term zone of support. Eurozone inflation posts a new record high of 9.1% in August as food, alcohol and tobacco prices accelerate.
Eurusd Trades To A New Day And Week High Looks Toward 382%
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- Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of August.
- The precious metal is heading for a fifth consecutive monthly loss and is now nearing an important, longer-term zone of support.
- By Peter Nurse Investing.com – The U.S. dollar pushed higher Tuesday ahead of the central bank’s key Jackson Hole symposium later this week, while the euro fell to two-decade lows…
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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. Global central banks are scattering again, propelling a resurgent U.S. dollar to its highest in almost two…
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. Declining oil prices have hurt the FTSE today, while record eurozone inflation comes in the face of a potential 75bp rate hike from the ECB. 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. 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.
A report released by MNI Indicators on Wednesday showed its reading on Chicago-area business activity was little changed in the month of August. MNI Indicators said its Chicago business barometer inched up to 52.2 in August from 52.1 in July, with a reading above 50 indicating growth.