© Reuters. Investing.com – The U.S. dollar drifted lower Monday at the start of a data-packed week, while sterling gained on a degree of confidence returning to U.K. consumers. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.1% to 103.262, heading for a
Reserve Bank of Australia Governor Bullock will be speaking as part of a panel on “Inflation, Financial Stability and Employment”. Also on the panel are Bank of England Deputy Governor Ramsden and Bank of Spain´s governor / ECB monetary policy maker de Cos (he didn’t make it to the screenshot below) From 9.18 am Hong
Japanese Yen (JPY) Analysis and Charts • USDJPY retreat has slowed into the Thanksgiving Break • Latest Fed Minutes were seen as hawkish • Japanese inflation numbers come as BoJ policy is in focus Recommended by David Cottle Get Your Free JPY Forecast The Japanese Yen was very modestly higher against the United States Dollar
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt. The recent US CPI missed expectations across the board bringing the expectations
GBPUSD on the daily chart is testing the 200 day MA The GBPUSD is extending to the downside and now tests its key 200-day moving average of 1.2449 (see green line on the daily chart above). The price is also below its broken 38.2% retracement of the move down from the July high. The level
USD/CAD ANLAYSIS & TALKING POINTS Moderating Canadian inflation unable to shake CAD bulls just yet. US durable goods orders, consumer sentiment and BoC’s Macklem in focus later today. Will channel support hold firm once again? Want to stay updated with the most relevant trading information? Sign up for our bi-weekly newsletter and keep abreast of
AVATAR TRADING HOUES The foreign exchange (Forex or FX) market is a global financial marketplace where currencies are traded around the clock. It’s the largest and most liquid market in the world, with a daily trading volume exceeding $6 trillion. Understanding the intricacies of the Forex market is essential for traders and investors. In this
In the fast-paced world of forex trading, having access to accurate and timely information is crucial. Traders are always on the lookout for tools and strategies that can give them an edge in the market. One such tool that has gained popularity in recent years is the Key Levels MT5 Indicator. In this article, we
USDCHF remains below the 0.8900 level. Sellers in control. The tumble lower in the USDCHF took the price below its 100-day moving average at 0.8896 (blue overlayed step line on the chart above), 50% retracement at 0.88999, and Swing level near the 0.89000 level (see red circles on the chart above). Since then, the price
Today, the AUDUSD has moved up from a swing area support between 0.6445 and a 0.6455 (see red numbered circles on the chart below). The subsequent move to the upside took the price back above its 100-day moving average of 0.64874 (blue overlay line on the chart below). That moving average is – and remains
