© Reuters. The Central Bank of Kenya (CBK) has imposed a limit on the amount of U.S. dollars that money remittance firms can sell to customers each day, in an attempt to regulate the market amid declining forex reserves. The directive, which was implemented on Thursday, restricts these firms to transactions of a maximum of
Share: As US economic data strengthens the dollar, GBP/USD trades at 1.2397, slipping below its 200-day Moving Average. Odds for a November rate hike by the Fed stand at 32.45%, while bets on a BoE rate hike toward 6% are scaled back. With U.S. 10-year Treasury yields at 4.326% and a solid US
In the world of financial trading, having the right tools and indicators can make all the difference. One such powerful tool is the Keltner Channel with Signals MT4 Indicator. This indicator provides traders with valuable insights into market trends, helping them make informed decisions. In this article, we’ll delve into the details of the Keltner
Stocks are breathing a sigh of relief after an anxious few days of waiting, now that the major events are out of the way. Wall Street had one of its better days in weeks after a decent retail sales report and a “dovish” hike from the ECB. China’s economy picks up in August: Chinese industrial production
The EUR is ending the day as the strongest of the major currencies. The USD is also mostly higher with gains vs all the major currencies with the exception of the EUR. The JPY and the NZD were the weakest of the majors. The strongest to the weakest of the majors. The gains in the
AUD/USD ANALYSIS & TALKING POINTS Encouraging news from China back AUD. US data in focus later today. AUD/USD faces trendline resistance. Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar is tentatively pushing higher this morning after being depressed for some time. Chinese economic data (see economic calendar
© Reuters. Argentine presidential candidate Javier Milei for La Libertad Avanza coalition gestures next to Carolina Piparo, candidate for Governor of the Province of Buenos Aires, during a campaign rally in La Plata, Buenos Aires, Argentina, September 12, 2023. REUT By Horacio Soria and Juan Bustamante LA PLATA, Argentina (Reuters) – Wielding a chainsaw above
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GBP/USD, GBP/AUD PRICE, CHARTS AND ANALYSIS: Read More: WTI, Brent Shrug Off US Inventories Surge as Oil Prices Hit Fresh 2023 Highs GBP has faced selling pressure this week weighed down in part by GDP data, with an increase in total earnings unable to arrest the slide. Now obviously there was some mitigating effects on
General Motors is out saying that it expects to run out of parts at Kansas plant as soon as next week. This is because of the Missouri plant strike. The ship shortage from Covid, led to a shortage of autos for a few years and also to higher prices for used and new cars. The
