The combination of the UK’s mini-budget and general flight to the US dollar has sent the pound broadly lower and GBP/USD to a new record low. https://en.wikipedia.org/wiki/Foreign_exchange_market To help the beginners we are offering the section “For the Beginner” and supporting you to choose your forex broker by means of our Rating.
By Sinéad Carew and Alun John NEW YORK/LONDON – The dollar made little progress in a choppy session on Tuesday while appetites for riskier bets were still weak as… By Darya Korsunskaya MOSCOW – Russia estimates the new cut-off price for its budget rule Forex that diverts excess oil revenues into its wealth fund at $62-$63 per barrel and… By Laila Bassam, Timour Azhari and Tom Perry BEIRUT – Lebanon plans to slash its official exchange rate, replacing the 1,507 per dollar rate adopted 25 years ago with a…
Because the Fed hiked rates by 75bps yesterday and said that more rate hikes are on the way. Recession fears are causing both GBP/USD and EUR/USD to move lower. This leaves traders nervous to buy the dip in Gold as it moves to its lowest level since April 2020. In this week’s edition, we are getting technical brstone on the Nasdaq, WTI, gold and USD/CNH. ForexNews.PRO is a forex website with the latest news, analysis and expert opinions. By Ambar Warrick Investing.com– The British pound jumped from record lows on Tuesday as local Treasury yields surged, with the focus now turning squarely to potential policy…
Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Spanish prices rose 9.3% in the 12 months to September, National Statistics Institute data showed on Thursday, a fall of more than 1 percentage point, thanks to a public transportation price cut and an electricity price slowdown. Reuters GraphicsMoves have surprised long-time currency traders and investors. Note that the content on this site should not be considered investment advice. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence.
Fed’s Mester: We’re Not At The Point Where We Should Think About Stopping Rate Hikes
LONDON – Britain’s pound is still 18% above its “fair value” and the euro 11.6% above its fair value despite the sharp falls seen by both currencies this year, the Institute of International Finance estimated on Thursday. For those who pay attention to moving averages, USDMXN may be of particular interest. Below is a list of currency https://br-stone.net/ pairs that crossed key moving average levels over the past day. The pairs that made the biggest moves, on a percentage basis, over the past day were GBPUSD, GBPCHF, and GBPJPY. Note that USDMXN, ZARJPY, NZDCAD, EURTRY, EURUSD, GBPNZD, GBPAUD, GBPCAD, GBPJPY and GBPCHF made especially large and surprising moves over the past day.
- For those who pay attention to moving averages, USDMXN may be of particular interest.
- Brookfield Renewable (BEP, BEP.UN.TO), together with its institutional partners, announced on Thursday two further investments in the U.S. renewable energy sector.
- LONDON – Britain’s independent fiscal watchdog, the Office for Budget Responsibility , said on Thursday it had been asked by finance minister Kwasi Kwarteng to produce a first draft of its next economic forecasts on Oct. 7.
- LONDON – The British government’s so-called mini budget was essential in helping reset the debate around growth, finance minister Kwasi Kwarteng said on Thursday, after nearly a week of chaos in financial markets triggered by its huge tax cuts.
- Intraday trend traders may wish to note that NZDCHF has the strongest trend on the hourly timeframe over the last 20 price bars.
Finally, instruments USDMXN, USDHKD, ZARJPY and NZDJPY are close to their 200 day moving average. As for who is on a hot streak, USDSEK, USDZAR, USDNOK and EURSEK have experienced upwards move in 8 of the prior ten trading days. You have probably seen and/or heard dozens of market commentators discuss their views on where the S&P 500 bottoms in the current market cycle. Others think the index might make its lows at 3,400 or 3,000 or even lower still.