• The US dollar regains lost ground and returns above parity. • Fed tightening hopes, and higher US yields are underpinning the USD. • USD/CHF is at a key resistance area of 1.0065/75.
USD/CAD Open: 1.3726-30, Overnight Range: 1.3721-1.3783, Previous Close: 1.3733
The strong dollar is wreaking havoc on other countries and U.S. multinationals operating abroad. Some strategists see no near-term stop to the rising dollar, even amid a recession.
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Many people are interested because it’s the most liquid in the world. There are a lot of pairs of exchanges in this market. So, traders should choose the best one. In this market, traders should sell and buy pairs of forex.
On Tuesday,October 18, in the Asian session, spot gold weakened in shock, at present, the trading volume is around 1645 US dollars/ounce. The market turbulence caused by the British fiscal policy has subsided, but the expectation that most central banks in the world will further raise interest rates is lingering.
October 11-October 13, 2022, the exhibition was held at the Crowne Plaza Festival City in Dubai. The exhibition is not only the largest trading feast in the Middle East, but also a global financial feast, which provides an international stage for global trading enthusiasts and brokers to exchange and learn from each other and explore the development of the industry.
If you are relatively new to the forex market, then don't be surprised if there are many terms to learn.
On Tuesday, October 18, the dollar index fell 112 intraday, closing down 0.054% at 112.05. The yen hit another 32 year low. The 10-year US Treasury yield hovered at 4%.
• Bank of Survey. • Business confidence has softened but is still positive. • Short-term inflation expectations edged down but remain elevated.
When disaster approaches but does not come, any positive news is received with relief. EURUSD had plenty of factors to take off, and the pair has been up. What’s next? Let us discuss the Forex outlook and make up a EURUSD trading plan.
The potential for a 29% USDJPY rally since the beginning of the year is still untapped. Only currency interventions can stop the pair's growth. Let us discuss the Forex outlook and make up a trading plan.
You are all welcome to our site and get to read about our recent article in which a price forecast for US Crude, XAUUSD, and EURUSD was made using a combination of margin zones methodology and technical analysis. And Based on the market analysis, we recommend entry signals for intraday traders.
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On Tuesday, October 18, in the Asian session, spot gold rebounded in shock, once touching the 1660 mark, and currently trading around 1655 dollars.
Week Ahead – Earnings Season To Begin Author – Connor Woods, Senior Market Analyst Date: October 17th – October 21st
People who join with this business must update the situation and condition of the country where the country that issued its currency as foreign exchange.
Global multi-asset broker HFM announced the release of its new mobile application, featuring in-app trading to better cater for the needs of its ever-growing client base. The improved app, available for both Android and iOS users, combines HFM’s industry leading conditions with cutting-edge technology offering traders a fully customized mobile trading experience.
• The dollar extends losses on Monday and returns below parity. • The brighter market sentiment is weighing on the safe-haven USD. • USD/CHF: Below 0.9876 downside pressure will increase – Credit Suisse.
• Despite an upbeat sentiment, USD/JPY is almost flat as rumors of Japanese intervention in the FX market loom. • The USD/JPY daily chart shows the pair as overbought as the RSI above 70 gives a respite to USD/JPY bulls. • Near-term, an ascending triangle in the hourly targets the USD/JPY will rise to 149.36-50.