Dollar rebound extends for third day before Fed’s Powell speech By Reuters

[ad_1] © Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Samuel Indyk LONDON (Reuters) -The dollar’s rebound extended for a third day on Wednesday after some Federal Reserve policymakers left the door open to further rate hikes, as traders looked to a speech from

USD/MXN hovers around 17.5000, focus on Banxico policy decision

[ad_1] Share: USD/MXN consolidates in a tight range of 17.4000 – 17.5900 since Monday. Banxico is expected to keep interest rates unchanged at 11.25%, Investors await Fed Chair Jerome Powell’s conference to gain additional insights into the interest rate trajectory. USD/MXN treads water near 17.5000 during the European session on Wednesday. The pair

German Inflation Aggravates Euro Drawback

[ad_1] EUR/USD ANALYSIS ]Softer German inflation maintains downward pressure on EUR upside. Euro area retail sales and ECB/Fed speak to come. EUR/USD bear flag still under consideration. Elevate your trading skills and gain a competitive edge. Get your hands on the Euro Q4 outlook today for exclusive insights into key market catalysts that should be

French Trade Balance (Sep) $EUR Actual: -8.9B Expected: -8.1B Previous: -8.3B

[ad_1] High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do

Gold Cools as Volatility Subsides, Oil Sinks on Grim Global Outlook

[ad_1] Commodity Update: Gold, Oil Analysis Gold heads lower on a stronger dollar and pulls back from overbought territory Gold volatility (GXZ) has witnessed a sharp decline after approaching levels synonymous with the banking turmoil earlier this year Brent crude oil drops as global growth outlook outweighs supply concerns The analysis in this article makes

China will guard against yuan overshooting risks

[ad_1] © Reuters. Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo BEIJING (Reuters) – China will resolutely guard against overshooting risks of the yuan exchange rate, People’s Bank of China (PBOC) Governor Pan Gongsheng

Gold price flat-lines as traders keenly await Fed Chair Jerome Powell’s speech

[ad_1] Gold price oscillates in a narrow range amid the uncertainty over the Fed’s rate-hike path. Declining US bond yields caps the recent USD recovery and lends support to the XAU/USD. Traders now await Fed Chair Jerome Powell’s speech before placing fresh directional bets. Gold price (XAU/USD) struggles to capitalize on the overnight bounce from

Forex Trend Scanner MT4 Indicator

[ad_1] In the world of forex trading, staying ahead of the curve is paramount. Traders constantly seek tools and indicators that can provide them with a competitive edge. One such tool that has gained prominence in recent times is the Forex Trend Scanner MT4 Indicator. In this article, we will delve into the intricacies of

GBP/USD Slumps Back Below 1.2300 on Dovish BoE Rate Talk

[ad_1] GBP/USD Analysis and Charts Dovish BoE chatter sending UK bond yields sharply lower. Three 25 basis point rate cuts next year are now being priced in. The BoE’s chief economist Huw Pill said last night that UK inflation is likely to fall sharply in the coming months and that current market pricing of interest