Share: USD/NOK struck a high since late May on Thursday of 11.276. On Friday, the pair retreated to 11.170, seeing 0.20% losses. The Greenback trades soft in FX markets after PCE data from September. In Friday’s session, the USD/NOK trades with losses, mainly driven by investors taking profits after the pair jumped to
Both the US 10 and 30-year yields are stretching to new highs. The 10-year yield has just reached 4.535%. The low for the day was 4.45%. The new high represents the highest level since October 2007. The 30 year yield just reached 4.653%, which is the highest level since January 2011 As the market transitions
Swing Point Highs and Lows are vital concepts in technical analysis, forming the cornerstone for traders and investors to make informed decisions. In the world of forex trading, these indicators hold immense significance, allowing individuals to identify potential trend reversals, entry and exit points, and overall market sentiment. In this article, we’ll delve into the
Swing Point Highs and Lows are vital concepts in technical analysis, forming the cornerstone for traders and investors to make informed decisions. In the world of forex trading, these indicators hold immense significance, allowing individuals to identify potential trend reversals, entry and exit points, and overall market sentiment. In this article, we’ll delve into the
Share: USD/MXN edges lower by 0.48% on positive market sentiment and a weakened US Dollar. Despite hawkish remarks from Fed officials, the US Dollar remains under pressure, with the DXY marking minimal gains at 105.45. Upcoming political developments and potential credit rating revisions in Mexico may affect the Peso’s trajectory. The emerging market
OIL PRICE FORECAST: Oil Continues to Advance as Supply Concerns and a Potential Rebound in Demand Keep Prices Elevated. Saudi Energy Minister to Provide a Further Update this Week on the Potential for Further Cuts or an Extension into 2024. IG Client Sentiment Shows Traders are 64% Net-Short on WTI at Present, Down from 79%
OIL PRICE FORECAST: Most Read: What is OPEC and What is Their Role in Global Markets? Oil prices continued their advance this morning helped by a weaker USD. The surge in US inventories seems to be overshadowed by growing concerns around tighter supply for the remainder of 2023. Tips and Tricks to Trading Oil Prices
US 10y yields The bond market is the tail that’s wagging the FX dog at the moment. The latest leg higher in the US dollar comes after a rebound in yields after an earlier dip. US 10s are now fractionally higher on the day at 4.26% from a low of 4.21% and it’s similar across
Share: The Euro gathers further steam vs. the US Dollar. Stocks in Europe now trade in a mixed fashion. EUR/USD advances to daily peaks near 1.0730. The USD Index (DXY) breaks below the 105.00 yardstick. Final August CPI in Germany matched the preliminary readings. Wholesale Inventories, Consumer Credit Change come next in the US docket. On
© Reuters. Investing.com – The U.S. dollar steadied near a six-month peak in early European trade Thursday, boosted by signs of a resilient U.S. economy even as the global outlook weakened. At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher to 104.897,
