Share: USD/CHF declined for a third consecutive day to 0.87800, below the 20-day SMA of 0.8800. US JOLTs from July came in lower than expected, which fueled a decrease in US bond yields. Hawkish bets on the Fed for November remain high—markets pricing in rate cuts In June 2024. On Tuesday, the USD faced
High-frequency exchange (HFX) trading has become increasingly popular, offering traders the potential for significant profits through rapid, automated transactions. However, this fast-paced trading environment presents unique challenges for risk management. If you’re considering becoming a high-frequency exchange trader, read on as we delve into the difficulties faced by traders, best practices for managing risks, regulatory
USD/JPY ANALYSIS USD/JPY rose to multi-month highs during Tuesday’s European session, but erased gains and reversed course sharply following weak and lackluster U.S. economic data. By late afternoon, the pair was losing 0.35% to trade at 146.00, after reaching a peak of 147.37 in the morning. Earlier in the day, the latest consumer confidence survey
That the Eurozone is not in good shape economically we know and we have said it many times: manufacturing, orders, PMIs, hours worked (in Germany they reached the lowest since the data started being collected in 1971, 34.3 hours per week on average). Yesterday, two other pieces of data came out, important although generally not
USDJPY tests a cluster of support The USDJPY is reversing hard to the downside as yields fall after weaker US data. The 2-year yield is now down -12.2 basis points. The 10-year yield is now down -8.1 basis points. The fall in the USDJPY has taken the price from 147.368 to 145.886. That has the
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EUR/USD and EUR/JPY Forecast – Prices, Charts, and Analysis Heavyweight US and Euro Area data are on tap this week. The US dollar remains undecided after chair Powell’s Jackson Hole speech. The Federal Reserve and the European Central Bank both reiterated their stance of keeping rates higher for as long as it takes at the
1. The Theory – How to Use Indicator Developed by Marc Chaikin This an oscillator Indicator, it measure the Accumulation/distribution of money that is flowing into and out of a currency pair. The indicator is based on the fact that the nearer the closing price is to the high of the price, the more the
© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Tuesday, retreating from near three-month highs ahead of the release of a slew of key economic data this week. At 03:10 ET (07:10 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 103.907,
Share: Oil (WTI) sees a boost in its price with hurricane Adalia and OPEC+ production cuts. US Dollar strength tops out and could start to abate as risk-on sentiment slows demand for the Greenback. This evening the American Petroleum Institute is due to print its weekly numbers. Oil prices are moving higher this
