Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. By Hari Kishan BENGALURU – The dollar’s retreat in foreign exchange markets is temporary, according to DotBig broker a Reuters poll of currency strategists, who said the greenback… A Guide Retail sales is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies. Learn more about retail sales and how to trade this key economic data. The chart below summarizes the price news by currency, showing which currency strengthened vs which weakened when equally averaged against other currencies.
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- By Leika Kihara and Yoshifumi Takemoto TOKYO – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out…
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Over the past two weeks, the strongest trend has been on NZDUSD. Alternatively, on a 90 day basis, the strongest trend appears on USDCAD. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for NZDUSD, AUDCHF, NZDCHF, USDNOK, GBPUSD, EURNZD, USDSEK, CADCHF, USDCAD, AUDUSD, https://www.forexlive.com/ EURSEK and EURUSD. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs. Price action traders will also want to note that a base appears to be forming on GBPAUD and CHFJPY. Price bases often precede increases in volatility and a clear trend.
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ANKARA – Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting forex transactions with foreign banks during “off hours” and… HONG KONG – China will keep the yuan currency stable and increase flexibility Forex of the yuan exchange rate, the central bank governor said on Thursday. By Michael S. Derby -A top Federal Reserve Bank of New York official said on Friday that the bank sees promise in using a central bank digital dollar to speed up…
By Ambar Warrick Investing.com– Most Asian currencies retreated on Monday as weak Chinese economic data weighed on sentiment, while markets hunkered down ahead of a Federal… MOSCOW – The rouble edged lower against the dollar, euro and yuan on Tuesday, as the Russian currency began trading without the support of a favourable month-end tax… LONDON – France, Singapore and Switzerland have launched a joint trial of their experimental central bank digital currencies in the first cross-regional trial of… By Gertrude https://dotbig-reviews.com/ Chavez-Dreyfuss NEW YORK – The dollar gained against major currencies on Thursday after Federal Reserve Chair Jerome Powell signalled U.S. interest rates… By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Friday ahead of the crucial U.S. jobs report, but remains on course for a weekly gain after… HONG KONG – Hong Kong’s de-facto central bank bought HK$3.054 billion ($389.1 million) from the market in New York trading hours to stop the local currency from breaking…
Forex Trend News
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By Tetsushi Kajimoto TOKYO -Japan spent a record $42.8 billion on currency intervention in October to prop up the yen, the finance ministry said, with investors keen for… By Ambar Warrick Investing.com– Most Asian currencies rose slightly on Friday, although sentiment remained under pressure from a hawkish Federal Reserve, DotBig Forex with focus now turning… Breaking news is defined as new information that has market-moving potential. The information and news provided on MyForexNews.com are solely for reference purposes only. The completeness, and timeliness of the articles posted here may vary and are not necessarily accurate at all times.
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