Forex Market News
Updated: 0 sec ago
Financial markets are likely to remain at the mercy of US politics despite a flurry of speeches from key central bankers and several big-splash releases on the economic calendar.
Gold has been stuck in a $25 range for the last month with strong arguments from both buyers and sellers for a range break.
U.S. stocks continue to hang tough despite sellers hitting markets from Asia to Europe, can they hold on or will they succumb to selling, too?
China’s Central Bank released the 3Q report. It reveals the regulator’s strategy on monetary policy and financial markets over the following periods.
The Australian Dollar is caught between some reasonably perky domestic economic data and a central bank in no obvious hurry to lift interest rates from record lows
The US Dollar is likely to remain at the mercy of politics-driven volatility as inflationary fiscal stimulus prospects remain the central object of speculation.
USD/JPY may continue to give back the rebound from the 2017-low (107.32) should the Federal Open Market Committee (FOMC) Minutes highlight the risk for a dovish rate-hike.
What previouly looked like a ramp of USD strength dissipated this week, bringing questions around trajectory as we move towards year-end. But, commodity currencies appear to have few qualms with a continuation of weakness.
The DXY Index remains susceptible to further losses, but the commodity currency bloc may be in worse shape.
The New Zealand Dollar led sentiment-linked currencies lower while the Yen and other funding currencies declined on news that Robert Mueller has subpoenaed the Trump campaign.
A slowdown in Canada’s Consumer Price Index (CPI) may prop up USD/CAD as it encourages the Bank of Canada (BoC) to carry a wait-and-see approach into 2018.
Crude oil prices might turn lower while gold scores gains as broad-based risk appetite sours across the financial markets into the week-end.
A monthly opening-range break shifts the focus lower with the decline now eyeing initial support targets. Here are the updated targets & invalidation levels that matter.
The British Pound remains bid as recent comments from Bank of England (BoE) officials suggest the central bank will further normalize monetary policy in 2018.
The Euro put in a move of considerable strength on Tuesday, but sellers resoundingly responded yesterday to produce a shooting star formation on the Daily chart.
The DXY Index found support yesterday near the October 26 bullish outside engulfing bar low at 93.48.
Gold prices are looking to comments from Federal Reserve officials for a breakout catalyst as prices coil up within a would-be bearish chart pattern.
The British Pound and the US Dollar are focused on comments BOE and Federal Reserve officials, with the former currency vulnerable to losses while the latter gains.
Private investment in fixed assets slowed down for the fourth straight month, raising concerns on the economy. At the same time, developments in SOEs and stock trading links could lead to mixed moves in Chinese equities.
The monthly opening-range has taken shape just above a critical slope support zone. Here are the updated targets & invalidation levels that matter from here.