© Reuters. In a week marked by financial developments, the Indian rupee closed higher on Friday, settling at 82.93 against the U.S. dollar, a weekly gain of 0.3%. This performance comes on the heels of an announcement by multinational investment bank JPMorgan, revealing its plans to incorporate India’s government bonds into its emerging market index.
Share: NZD/USD rebounds from a daily low of 0.5919 to 0.5977, driven by improved risk appetite and a softer US Dollar. Mixed US economic data and hawkish yet cautious remarks from Fed officials fail to bolster the Greenback, with the DXY slightly up at 105.47. Upcoming economic indicators, including Consumer Confidence and Core
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GBP/USD News and Analysis UK retail sales disappoint – sending GBP/USD lower in early trade on Friday GBP/USD bearish momentum likely to continue into the weekend UK PMI data up next, potentially adding to the sterling selloff The analysis in this article makes use of chart patterns and key support and resistance levels. For more
A second Fed governor is speaking. FOMC member Bowman is on the wires saying: Further interest rate increases likely appropriate with inflation “still too high.” Fed policy will need to be held at a restrictive level “for some time” to return inflation to 2% “in a timely way.” Continued risk of further increase in energy
Article written by Axel Rudolph, Senior Market Analyst at IG FTSE 100 once more comes off its 3 month high On Thursday the FTSE 100 tried to overcome last week’s high at 7,747 but failed to do so as heavy selling in the US dragged it down later in the day with the 200-day simple
How to backtest existing settings and optimize new ones for your EA – Other – 22 September 2023 – Traders’ Blogs
© Reuters. The Japanese yen fell sharply on Friday after the Bank of Japan (BOJ) decided to keep interest rates in negative territory at -0.1 percent. This decision came just days after the Federal Reserve signaled that U.S. borrowing costs would remain high, exerting pressure on the Japanese currency and raising the possibility of government
Share: Gold price trades sideways as uncertainty about the interest rate outlook persists. The Fed kept interest rates unchanged but left doors open for further policy tightening. Unlike other G7 economies, the US remains resilient on the grounds of a strong labor market and upbeat consumer spending. Gold price (XAU/USD) struggles to find
Article written by Axel Rudolph, Senior Market Analyst at IG USD/JPY puts pressure on its 10-month high There is no stopping USD/JPY’s advance as the US dollar is on track for its tenth consecutive week of gains amid the Federal Reserve’s (Fed) hawkish pause while the Bank of Japan (BOJ) rigorously holds onto its dovish
