Asia FX rallies as dollar sinks on growing Fed pause bets By Investing.com

© Reuters. Investing.com– Most Asian currencies firmed sharply on Monday, tracking extended declines in the dollar amid increasing bets that the Federal Reserve was done raising interest rates, while promises of more Chinese stimulus measures also aided sentiment.  The surged 0.5% to its strongest level against the dollar since early-August. The biggest point of support

WTI extends its upside around $77.50 on the hope for OPEC supply cuts

Share: WTI prices trade in positive territory for the third consecutive day on Tuesday. Saudi Arabia is planning to prolong oil production cuts of 1 million barrels per day through next year. The concern about a slowing global economy outweighed the prospect of deepening supply cuts by OPEC+. Oil traders will focus on

3 Bars High Low MT4 Indicator

In the fast-paced world of financial markets, traders are always on the lookout for tools and indicators that can help them make informed decisions and maximize profits. One such tool that has gained popularity among MetaTrader 4 (MT4) users is the “3 Bars High Low” MT4 indicator. In this article, we will delve into the

Dollar falls to two-month lows; Fed minutes loom large By Investing.com

© Reuters. Investing.com – The U.S. dollar fell to a more than two-month low in early European trade Monday, adding to last week’s sharp losses on increased expectations that the Federal Reserve has completed its rate-hiking cycle. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other

Inflation to be major challenge to Australian economy for up to two years

Share: Reserve Bank of Australia (RBA) Governor Michele Bullock said on Tuesday that inflation will be the major challenge for the economy over the next two years. Key quotes “Underlying demand was fueling part of the inflation challenge, and it was not entirely a supply-driven issue.” “Says inflation is a crucial challenge in

Will Bitcoin Have What it Takes to Break the $38k Mark?

BITCOIN, CRYPTO KEY POINTS: READ MORE: Oil Price Forecast: Recovery Continues as Expectations for OPEC Cuts Grow Bitcoin prices continue to hold the high ground but the $38k level remains a stumbling block. The rumors that an ETF approval would come by the November 17th failed to come to fruition with Bloomberg ETF analyst James