15 Jul Forex and Currency News
Forex and Currency News
USD/JPY in Orbit – At 112.25. What Now?
China’s foreign exchange regulator has warned that emerging markets need to muscle in on cryptocurrency-enabled illegal cross-border capital flows. They can have an unusually large impact on how you make decisions in your everyday life, but particularly when it comes to your trading. To put it simply, your brain has a way of conserving energy by making fast decisions or mental shortcuts in what are known as heuristics. In case of US Dollar to other currencies, values are quoted on basis of USD as base currency whereas in Indian Rupee to other currencies, values are quoted on basis of INR as quote currency.
10-year bund yields slip to -0.510% ForexLive Risk tones continue to keep softer in European morning trade, with equities gradually slipping and bond yields easing further on the session. Investment intentions among retailers saw the largest swing in the survey’s history since 1983 ForexLive The report came with some quarterly survey questions and one of which was investment intentions among retailers. The response showed a rise to +26 from -38 in the previous quarter, with the level seen today being the highest since November 2010.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
Cable trades in between both its key hourly moving averages today ForexLive The pound is a little higher on the day but is not really doing a whole lot after the climb above the 100-hour MA (red line) against the dollar. Price is moving towards 1.2960 but so far there is little poise to go chasing a move towards the 200-hour MA (blue line) @ 1.2973. USD/JPY is threatening a break of its 200-hour moving average again ForexLive Sellers attempted to break that level in overnight trading, but buyers held on to prevent a daily close below the 61.8 retracement level @ 110.64. However, the rebound since then was short-lived and met resistance near 111.00.
It is interesting to point out that — as Bitcoin has an uncertain legal status and is sometimes considered to be a good or asset and not a currency — forex trading with Bitcoin is in an unstable position. However, the inclusion of Bitcoin in the current forex market is a big step for the cryptocurrency industry. Fundamental analysis in forex is one of the ways to analyze the currency markets. As the name suggests, fundamental analysis is completely different to technical analysis. While technical analysis deals with price and historical price behavior, fundamental analysis focuses on the factors that are driving the prices in the market.
U.S. stock prices plunged dramatically on Monday as the number of coronavirus cases outside of China spiked, raising concerns that further global economic problems are yet to come. The Pound Sterling recovered in Tuesday trading in London as some improvement in risk appetite had FX traders paring their holdings of safe haven currencies.
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- Concerns that the Coronavirus is spreading hard and fast beyond the borders of China have pushed FX traders to the safe haven US Dollar, with the Australian Dollar and the Euro losing favor.
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- The RBNZ Gives the Kiwi a Boost ahead as the Focus Shifts to the EUR and USDThe Kiwi Dollar is on the move early as the RBNZ talks up the economy and downplays the likely effects of the coronavirus.
- The euro today gapped lower against the US dollar to start of the week trading with a bearish bias amid the risk-off market sentiment created by coronavirus headlines.
- First Type I Financial Instruments Business Director of the Kanto Local Financial Bureau (Kin-sho) No. 2137 Institute Financial Futures Association subscriber number 1571.
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CAD Weekly Forecast (Feb. 24 –
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US Treasury 10-year yields are now up by just 0.3 bps to 1.373% and in turn, we are seeing yen crosses being dragged lower as well. As mentioned earlier, I reckon they can take heart in the fact that the yen has actually weakened despite the coronavirus saga. The 3-month moving average is also seen improving to 0 from -1 last month, being the highest since January 2019.
Fundamental analysis is widely used in the stock markets and primarily among investors. https://en.forexpamm.info/ But it can also be used in a number of other markets, including forex and futures.
However, the EUR/USD currency pair’s rally was short-lived since the pair fell shortly afterwards after news of rising coronavirus infections in South Korea damped investor risk appetite. U.S Inflation Figures Puts the USD in Focus as the Markets Monitor News from ChinaA spike in coronavirus deaths in China on Wednesday tests the market resolve early on. A light economic indicator will leave the news wires in focus. Founded in 2008, ForexLive.com is the premier forex trading news site offering interesting commentary, opinion and analysis for true FX trading professionals. Get the latest breaking foreign exchange trade news and current updates from active traders daily.
Keep track of the latest currency market moves as they develop. Stay up-to-date on breaking forex news as well as relevant financial developments.
We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. The US dollar is surging to kick off the trading week, buoyed by renewed safe-haven demand as the coronavirus continues to extend outside China.