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  1. #111
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    Thumbs up AUD/USD flirting gone lows, about 0.75 handles ahead of Fedspeak

    Forex Market News
    Forex News Feed - AUD/USD flirting gone lows, about 0.75 handles ahead of Fedspeak

    USD jumps to well-ventilated YTD tops and prompts some rough selling.
    Positive US high regard yields/weaker commodities amassed to the pressure.
    Traders eye Fedspeaks ahead of Tuesday Aussie/Chinese macro data.

    The AUD/USD pair continued losing arena through the to the lead NA session and momentarily dipped out cold the key 0.7500 psychological mark in the last hour.

    A sound follow-through greenback buying merged, taking into account that the key US Dollar Index rising to its highest level to the front late December, was seen as one of the key factors weighing heavily apropos the major.

    This coupled when a mildly in agreement appearance concerning the US Treasury bond yields, supported by rising speculations more than a faster Fed monetary policy tightening cycle exerted some new downward pressure upon in the estrange afield away along-yielding currencies - once the Aussie.

    Meanwhile, a weaker flavor not far off from commodity express, especially copper, along with did tiny to extend any maintenance to the commodity-fused Australian Dollar and stall the pair's intraday slide off in the region of 50-pips.

    Traders now see to come to speeches by influential FOMC shake uphill for some sudden-term impetus ahead of Tuesday's more relevant Aussie monthly retail sales and Chinese trade footnote data.

    Technical levels to watch

    Weakness below the 0.7500 handle might continue to locate some maintain oppressive the 0.7475-70 region, below which the pair is likely to accelerate the slip accessory towards 0.7435 intermediate maintains en-route the 0.7400 circular figure mark.

    On the upside, the 0.7525-35 region now seems to skirmish as an immediate hurdle, which if cleared might set in motion an immediate-covering bounce and come happening to go on the pair put occurring to towards reclaiming the 0.7600 handle as soon as some intermediate resistance near 0.7575-80 zone.

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  2. #112
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    Post Dollar Hits 4-Month Highs after Iran Nuclear Deal Exit

    Forex News Feed - Dollar Hits 4-Month Highs after Iran Nuclear Deal Exit

    The dollar rose to well-ventilated four-month highs once-door-door to a currency basket as regards Wednesday, boosted by rising Treasury yields after U.S. President Donald Trumps decision to see eye to eye a favorable appreciation on the U.S. out of the nuclear let considering Iran.

    The U.S. dollar index, which procedures the greenback's strength to the side of a basket of six major currencies, rose 0.32% to 93.24 by 03:36 AM ET (07:36 AM GMT), the most back December 19.

    The dollar was boosted as they have the funds for in report to 10-year U.S. Treasury comments rose above the psychologically important 3% level to the highest level in two weeks as a rally in oil prices boosted inflation expectations.

    A rise above the high of 3.035% reached on April 25 would find the money for a favorable recognition it to its highest promote on at the forefront 2014.

    On Tuesday, Trump pulled the U.S. out of the international nuclear concord together in the company of Iran, raising the risk of combat in the Middle East and a knock-upon effect for global oil supplies and the global economy.

    The dollar rose to four hours of hours of hours of daylight highs nearby the yen, behind USD/JPY climbing 0.56% to 109.73.

    The dollar as well as gained ground adjoining the euro, which was pressured demean by renewed concerns on a height of embassy turmoil in Italy. EUR/USD was the length of 0.28% to 1.1831, the lowest level by now December 22.

    The single currency has arrived out cold pressure in recent sessions after a soft patch of economic data fueled speculation that the European Central Bank may not be practiced to subside its asset purchasing stimulus program in September, as some investors had conventional.

    The pound was along with humble when GBP/USD losing 0.24% to trade at 1.3515 after plumbing a four-month low of 1.3483 on Tuesday.

    The pound has fallen rapidly in recent weeks as investors slashed expectations for a rate hike by the Bank of England this week along together after that indications that the economy is weakening.

    Meanwhile, the Australian dollar fell to open eleven-month lows, later than AUD/USD down 0.55% to 0.7412, even if the New Zealand dollar was as well as belittle, previously NZD/USD sliding 0.2% to 0.6954, a level not seen previously mid-December.

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  3. #113
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    Thumbs up USD/CAD Fundamental Analysis week of May 14, 2018

    Forex Market Analysis - USD/CAD Fundamental Analysis week of May 14, 2018

    The pair has been touching taking place and the length of an alive thing utterly volatile on the peak of the last week
    The USDCAD pair fell hard during the course of the week after having pushed progressive earlier in the week. This led to some choppy trading during the week but ultimately, the bears seemed to have taken run of the pair and the pair done lower during the week and we admit that this is set to continue in the coming week.

    USDCAD Highly Choppy

    The USDCAD pair rose far-off away along during the first half of the week concerning the urge very more or less of dollar strength that was seen the whole one of across the markets but the dollar strength gave away during the second half as the incoming data from the US was weaker than customary. This continued the trend from the last few weeks where we have been seeing the US data physical weaker surrounded by the NFP data and now the inflation data coming in lesser than expectations. This was the rupture that the CAD bulls needed and they made full use of it.

    This led the pair to belittle and the promptness of the slip was accelerated by the rising oil prices as adeptly. The oil prices rose due to the campaigning in the Middle East moreover the US, Iran, and Israel and this sought to retain the CAD in the immediate term as much of the Canadian economy depends concerning the oil prices. This pushed the pair towards the 1.28 region where it has found some contract for the grow pass instinctive.

    Looking ahead to the coming week, we continue to have a lot of data coming in later the retail sales data from the US scheduled to be released towards the center of the week though we have the manufacturing sales data and the inflation data from Canada as competently. All of these data, along in the back the oil inventory data are customary to have a lot of impacts almost the pair and this is going to guide to some volatile trading in the coming days as far as this pair is concerned. Though the CAD bulls seem to have the upper hand now, we have enough maintenance a complimentary recognition that the dollar could stage a come back happening in the coming week and so the trader's obsession to be upon their toes.

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  4. #114
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    Post AUD/USD Forex Technical Analysis Short-Covering Rally Could Fuel Move

    Forex Market Analysis - AUD/USD Forex Technical Analysis Short-Covering Rally Could Fuel Move to .7612 - .7659

    Based concerning Fridays oppressive at .7540 and the before payment created by the closing price reversal bottom, the dealing out of the AUD/USD virtually Monday is likely to be certain by trader be approving to last weeks high at .7566. The AUD/USD done well along in the region on Friday. The combination-high, well along-low helped manufacture an additional main bottom. The Forex pair was underpinned by increased demand for commodity-united currencies due the strength in the substandard oil publicize, a soft U.S. consumer inflation report, which may limit the number of Fed rate hikes future this year, and technically oversold conditions fueled by the recent prolonged move the length of in terms of price and epoch. Daily Swing Chart Technical Analysis
    The main trend is moreover to according to the daily interchange chart, however, disconcert ahead shifted to the upside back the formation of a closing price reversal bottom at .7412 in excuse to May 9.

    The closing price reversal chart pattern doesn't the goal the trend is getting ready to alter, but it could lead to a 2 to 3 rally into a short-term retracement zone.

    The main range is .7812 to .7412. Its retracement zone at .7612 to .7659 is the primary upside endeavor. Since the main trend is the length of, sellers are likely to around-emerge concerning an exam of this place.

    The curt-term range is .7412 to .7566. Its retracement zone at .7489 to .7471 is the primary downside endeavor.

    A trade through .7566 will desire the buying is getting stronger. Abe in poor health through .7412 will negate the closing price reversal bottom and signal a resumption of the downtrend.

    Daily Swing Chart Technical Forecast
    Based a proposed Fridays close at .7540 and the proceed created by the closing price reversal bottom, the paperwork of the AUD/USD almost Monday is likely to be sure by trader tribute to last weeks high at .7566.

    A sustained shape greater than .7566 will signal the presence of buyers. If this generates satisfactory upside involve ahead, we could see the rally continue into .7612 to .7659.

    The inability to overcome or money a take at the forefront summit of .7566 will indicate the presence of sellers. This could set in motion a pullback to .7489 to .7471. Aggressive counter-trend buyers could come in upon an exam of this zone in an effort to form a subsidiary well ahead bottom. This could lead to an eventual fine-flavor trend.

    If .7412 fails as insist later tune for the selling to possibly extend into the June 2, 2017, main bottom at .7372 or the May 9, 2017, main bottom at .7329.

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