© Reuters. Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration By Ankur Banerjee SINGAPORE (Reuters) – A spurt in the U.S. dollar and China’s defence of the yuan are forcing Asian central banks to step up interventions in their weakening currencies, and one clear casualty is
Share: AUD/USD fell more than 0.50%, to a daily low near 0.6380. Jerome Powell opened the door to another hike in this tightening cycle. Rising US yields make the USD gain interest. At the end of the week, the USD gained ground against its rivals, mainly driven by the Federal Reserve’s (Fed) chairman, Jerome
Are you a forex trader looking for a tool that can help you identify potential trading opportunities with greater accuracy? Look no further – the Breakout Box MT4 indicator might just be the solution you’ve been searching for. In this article, we’ll delve into the world of technical analysis, exploring how this indicator works, how
Crude Oil, WTI, Brent, Fed, Powell, Jackson Hole, US PMI, EIA – Talking Points The crude oil price is treading water as markets await Fed views Weak US PMI data appeared to overwhelm EIA inventory figures Markets are poised for clues from the Fed. Will WTI break support? Recommended by Daniel McCarthy Traits of Successful
Inflation is coming down on both sides of the channel, but while headline rates are dropping thanks to base effects, services price inflation in particular looks sticky. In Europe, the August flash HCOB PMI reports were a huge negative surprise, with the plunge in services confidence seemingly destroying the hope that strong domestic demand will
Fed’s Powell’s Jackson Hole speech finally came and unlike last year when the speech was short and sweet and to the point, there was little bit of something for everyone : Regarding monetary policy and rate decisions: Prepared to raise rates further if deemed necessary. The next move will be based on data. The Federal
Japanese Yen (USD/JPY, EUR/JPY) Analysis Indicator of broader price pressures reach record highs IG client sentiment hints at bullish extension EUR/JPY breakdown scenario may receive a boost from dovish leaning ECB The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library
A popular trading expression is “the trend is your friend.” This expression has stood the test of time because trends are critically important to any trading plan. Forex trendlines can be seen in almost any charting analysis due to its usefulness and simplicity. This article provides traders with an in-depth guide on what trendlines are, how to draw