Euro holds firm, yen struggles ahead of bumper central bank week By Reuters

© Reuters. FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Rae Wee and Amanda Cooper LONDON/SINGAPORE (Reuters) – The euro got a lift on Tuesday from a report that indicated the European Central Bank may soon start discussing how to drain some of

USD/SEK reversed its multi-month-high rally ahead of eventful week

Share: USD/SEK soared to 11.249, its highest since early November 2022. Riskbank is expected to hike 25 bps to 4%. The Fed will likely deliver a hawkish pause. The USD/SEK saw volatility on Monday, rising to a high since November 4, 2022, then settling at 11.122, securing daily losses. The USD trading somewhat soft,

A Big Week Ahead for USD/JPY Traders

Japanese Yen Prices, Charts, and Analysis FOMC decision on Wednesday, the Bank of Japan on Friday. USD/JPY struggles with resistance. Learn How to Trade USD/JPY Recommended by Nick Cawley How to Trade USD/JPY The Federal Reserve (Fed) and the Bank of Japan (BoJ) will both announce their latest monetary policy decision this week – Wednesday

Asia FX dips, dollar near 6-mth peak before Fed, c.bank-heavy week By Investing.com

© Reuters. Investing.com– Most Asian currencies fell on Monday, while the dollar steadied near six-month highs as markets hunkered down before several key central bank rate decisions this week, most notably the Federal Reserve. Lingering concerns over China, particularly the country’s struggling property market, also kept broader sentiment subdued. Chinese police detained some employees of

USDCHF higher this week and above a swing area. What next?

This week, the USDCHF has experienced an upward price movement, consistently remaining above the key swing area range of 0.89347 to 0.89472. The price surpassed this range in yesterday’s trading session and has maintained its position above this threshold today. Looking upwards, there’s a notable trend line at 0.8984, followed by a significant range between

European equity close: UK stocks wrap up a stellar week with gains

Closing changes: Stoxx 600 +0.3% German DAX +0.6% UK FTSE 100 +0.7% French CAC +0.9% Italy MIB flat Spain IBEX flat Weekly: Stoxx 600 +1.7% German DAX +1.0% UK FTSE 100 +3.4% French CAC +1.9% Italy MIB +2.3% Spain IBEX 1.9% It’s tough to get excited about grocery stores and banks but it looks like

S&P 500 closes week lower amid surging volatility and skyrocketing US yields

Share: S&P 500 closes down at 4450.32, losing 1.22%, as Technology, Consumer Discretionary, and Energy sectors led the decline. Upbeat US economic data, including a rise in the Empire State Manufacturing Index, fuels optimism that the Fed may achieve a soft landing. US 10-year Treasury yields climb to 4.334%, adding to market jitters,

Nasdaq now on track to finish at the lows of the week

The price action in the Nasdaq is worrisome. TSLA started the week off with a 10% rally and hasn’t given any of it back yet the Nasdaq is now lower on the week and in danger of closing at the lows of the week. Maybe I’m reading too much into what’s largely been a lackluster

XAG/USD soars by more than 2% to close the week

Share: XAG/USD advanced by 2.20% to $23.20. The USD is trading somewhat soft on Friday ahead of the weekend. US yields and tightening expectations remain steady.  Michigan Consumer Sentiment from September declined to 67.7. At the end of the week, the XAG/USD Silver Spot price gained significant demand and increased to $23.15. On the