© Reuters. Investing.com– Most Asian currencies fell on Monday, while the dollar steadied near six-month highs as markets hunkered down before several key central bank rate decisions this week, most notably the Federal Reserve. Lingering concerns over China, particularly the country’s struggling property market, also kept broader sentiment subdued. Chinese police detained some employees of
Share: CME Group’s flash data for gold futures markets noted traders added just 835 contracts to their open interest positions on Friday, partially reversing the previous daily pullback. Volume, instead, kept the erratic performance well in place and shrank by around 8.8K contracts. Gold: Next on the upside comes $1953 Gold prices rose
Bitcoin, BTC/USD, Ethereum, ETH/USD – Outlook: Bitcoin is attempting to rise above immediate resistance. ETH/USD has been holding above a vital support. What is the outlook and what are the key levels to watch? Recommended by Manish Jaradi How to Trade the “One Glance” Indicator, Ichimoku BITCOIN: Holds above 25000 Over the past few weeks,
Asia FX kicked off the week in waiting mode, this week for the barrage of central bank decisions including those from the Fed, BOJ, BOE and SNB. Major forex rates moved in limited ranges only. On the news front there is no imminent resolution in sight to end a strike by US United Auto Workers.
Market Recap Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy Major US indices gave back all of last week’s gains on Friday, with volatility triggered by the triple witching day amid the vast options’ expiry (estimated to be $3.4 trillion worth – the largest September expiry on record). The
Share: USD/CAD struggles to gain any meaningful traction and oscillates in a range on Monday. Bullish Oil prices underpin the Loonie and act as a headwind amid a modest USD slide. The downside seems limited as traders seem reluctant ahead of the FOMC policy meeting. The USD/CAD pair kicks off the new week
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British Pound, GBP/USD, US Dollar, EUR/GBP, Euro, BoE, Momentum – Talking Points The British Pound made new lows last week and momentum might be building The Bank of England is anticipated to lift rates later this week by 25 basis points Sterling is staring at some untested support levels. Will GBP/USD find firmer footing? Recommended
Singapore Non-oil Domestic Exports (NODX) in August 2023: -3.8% m/m vs +5.5% expected -20.1% y/y vs. -15.8% expected Electronics and non-electronics exports to the United States, Europe and China declined the cited reasoning. — Singapore Non-oil Domestic Exports (NODX) measures the value of goods exported from Singapore excluding oil and petroleum products. an important gauge
Share: EUR/USD posts modest gains around 1.0665, up 0.07% on the day. The market expects the Federal Reserve (Fed) to hold interest rates steady at its policy meeting on Wednesday. European Central Bank (ECB) President Lagarde said the potential of further rate cuts was not considered among policymakers. Federal Open Market Committee (FOMC)
