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 not
Share: The USD/CHF is seeing a thin bounce for Friday, churning towards 0.9050. The pair is holding steady after falling into the median range near major moving averages. Up Next: On Tuesday, an appearance from SNB Chair Thomas Jordan, US CPI inflation. The USD/CHF is on the high side for the week after Federal
British Pound (GBP) Analysis and Charts A mildly hawkish BoE helps underpin GBP/USD Cable pushes back above 1.2200 For all market-moving economic data and events, see the DailyFX Calendar Recommended by Nick Cawley Get Your Free GBP Forecast The Bank of England (BoE) left the Bank Rate unchanged today at 5.25%, for the second meeting
The major European indices are ending mostly lower. The one exception is the UK FTSE 100 which eked out a small gain. A snapshot of the closing levels shows: German DAX fell -5.06 points or -0.03% at 15566.81 Frances CAC fell -23.49 points or -0.33% at 7190.42 UK’s FTSE 100 rose 13.43 points or 0.17%
Higher AUD/USD on the session – rising iron ore price in China a tailwind There are rumours that some Chinese banks are freezing some savings accounts – PBOC denies Bank of America S&P500 technical analysis, 4325 and 4200 as the next two major levels Fund manager says Fed Chair Powell will err on the side
The Fed is out with a report with some suggestions for banks in raising liquidity. Banks should ensure they are familiar with the pledging process for different collateral types and be aware that pre-pledging collateral can be useful if liquidity needs to arise quickly Banks should consider small value discount window transactions at regular intervals