Asia FX sinks on Fed, China woes; Aussie slides after RBA By Investing.com

© Reuters. Investing.com– Most Asian currencies fell on Tuesday as a warning from Federal Reserve officials and signs of more economic headwinds for China dented sentiment, while the Australian dollar tumbled after the Reserve Bank struck a seemingly dovish tone. The U.S. dollar rebounded from six-week lows, firming in Asian trade after Minneapolis Fed President

HSBC CEO says wealth flow from mainland China to Hong Kong up 3 to 4 times this year

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

US dollar tumbles to six-week low after soft jobs data By Reuters

© Reuters. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell to a six-week low on Friday after data showed the world’s largest economy created fewer jobs than

XAU/USD extends losses near $1,970 as capital shifts to riskier assets

Share: Gold price declines as capital shifts toward riskier assets due to improved risk sentiment. Gold demand is reduced due to the resurgence in US Treasury yields. Upbeat China’s Trade Balance data could provide support for the price of the precious metal. Gold price losses more ground, which can be attributed to the prevailing optimistic

Raff Channel MT4 Indicator – ForexMT4Indicators.com

In the world of forex trading, precision and accuracy are paramount. Traders constantly seek tools and indicators that can help them make informed decisions and maximize their profits. One such tool that has gained popularity in recent years is the Raff Channel MT4 Indicator. In this article, we will delve into the depths of this

EUR/USD, GBP/USD and AUD/USD Muted as Bullish Momentum Wanes

EUR/USD TECHNICAL ANALYSIS EUR/USD blasted higher last week following weaker-than-expected U.S. economic data, taking out a clear barrier in 1.0670/1.0695 area. Bullish momentum, however, faded on Monday, with the pair stalling after failing to clear technical resistance at 1.0765, which corresponds to the 38.2% Fibonacci retracement of the July/October pullback. For guidance on the near-term

UK data: October BRC like-for-like retail sales +2.6% y/y (vs. expected +2.4%)

British Retail Consortium data for October 2023. Like-for-like sales data strips out the impact of changes in store size. +2.6% y/y expected +2.4%, prior +2.8% Total sales +2.5% y/y (three month low) 2.7% in September “Many houseolds are also delaying their Christmas spending in the hopes they can grab a bargain in the upcoming Black