07 Jul Forex News, Technical Analysis & Trading Tools
A carry trade is a trading strategy that involves borrowing a low-yield currency and investing in a high-yielding asset to exploit the interest rate differential. Carry trades are most common in forex trading with traders borrowing the low interest Japanese yen to buy higher interest currencies. Learn what currency pairs work best and how to execute the strategy yourself in our full guide. With the RBA only hiking rates by 25bps at each of the last two meetings, the RBNZ is the more hawkish of the two central banks. Price Action Support and Resistance While price action presents a somewhat objective framework for traders to work with, identifying workable zones of support and resistance requires a bit of subjectivity. 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.
- The trade surplus is pegged at A$8.85 billion – up from A$8.324 billion in August, when imports rose 4.0 percent and exports gained 3.0 percent.
- By Leika Kihara and Yoshifumi Takemoto TOKYO – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out…
- Get expert reaction to latest market news and seize potential opportunities.
- The Shanghai Composite Index now sits just above the 3,000-point plateau although it’s expected to turn lower again on Thursday.
- Bitcoin is correcting after touching the $20.8K area, but the price above previous local highs and the 50-day moving average.
- The KOSPI now rests just above the 2,335-point plateau although investors may lock in gains on Thursday.
FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results. FTSE 100 remains under pressure as investors look for clues on when rate hikes might ease. A Guide Retail sales is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate.
The private sector in Hong Kong continued to contract, albeit at a slower pace, the latest survey from S&P Global showed on Thursday with a PMI score of 49.3. A volatile session for the yen on Friday likely points to a currency intervention from the BOJ or MOF, in an attempt to stop or at least pause the currency’s fast depreciation. Bears have continued to cover their short bets against the euro, and we also note a pickup of long bets on the relatively bearish euro. https://forexreviewdaily.com/foreks-broker-finmaxfx/ Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE. The tone set by the removal of forward guidance and the lack of information regarding QT led the markets to believe this was a dovish hike. Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy. The JOLTS figure today shows that the US has even more job vacancies than anticipated, which was already high.
By Leika Kihara and Yoshifumi Takemoto TOKYO – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out… By Peter Nurse Investing.com – The U.S. dollar weakened in early European trade Tuesday as traders weighed the likelihood that the Federal Reserve signals a less aggressive… The Canadian market ended notably lower on Wednesday, weighed finmaxfx down by losses in materials, healthcare, technology and consumer discretionary sections. Australia will on Thursday release September figures for imports, exports and trade balance, highlighting a modest day in Asia-Pacific economic activity. The trade surplus is pegged at A$8.85 billion – up from A$8.324 billion in August, when imports rose 4.0 percent and exports gained 3.0 percent.
The private sector in Singapore continued to expand in October, and at a faster pace, the latest survey from S&P Global revealed on Thursday with a PMI score of 57.7. The yellow metal has seen relentless pressure this year as interest rates have risen, but hopes for, perhaps, a pause, have https://forexreviewdaily.com/ lent some support. Major US equity indices initially rallied on the back of the release, though upside proved short-lived for the S&P 500, topping at a high of 3,894 and stepping beneath pre-announcement levels. ‘Rates need to move beyond the September Dot Plot forecasted (median 4.6%)’.
Currency pair of the week: GBP/USD
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 moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while… By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Wednesday, with traders cautious ahead of the conclusion of a crucial Federal Reserve meeting. LONDON – France, Singapore and Switzerland have launched a joint trial of their experimental central bank digital currencies in the first cross-regional trial of… Gold price (XAU/USD) renews its intraday low near $1,632 while extending the post-Fed slump during Thursday’s Asian session. In doing so, the quote takes clues from the recently deteriorating market sentiment amid a light calendar. SHANGHAI – The yuan briefly touched a 1-1/2-week high against the dollar before giving back all the gains by midday on Thursday as Chinese cities tightened curbs against…
By Hari Kishan BENGALURU – The dollar’s retreat in foreign exchange markets is temporary, according to a Reuters poll of currency strategists, who said the greenback… The South Korea stock market has moved higher in three straight sessions, advancing almost 70 points or 3.2 percent along the way. The KOSPI now rests just above the 2,335-point plateau although investors may lock in gains on Thursday.
UPCOMING CALENDAR EVENTS
The Shanghai Composite Index now sits just above the 3,000-point plateau although it’s expected to turn lower again on Thursday. Fed Chairman Powell hinted at a slower pace of rate hikes, but the key question is whether the peak rate will be above or below 5%… https://forexreviewdaily.com/ Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances.
Is Investing in Stellar Lumens (XLM) a Good Idea?
Whilst GBP as under pressure from talk of tax hikes, GBP/USD remains above a key support level ahead of today’s ISM and JOLTS job opening reports. By Georgina Lee and Samuel Shen HONG KONG/SHANGHAI – China’s digital yuan took the centre stage in the world’s largest cross-border central bank digital currency … BRASILIA – Brazil’s Forex brokers central bank on Thursday said it would hold auctions starting on Friday to roll over $15.1 billion in traditional currency swaps maturing on Dec…. By Peter Nurse Investing.com – The U.S. dollar stabilized in early European trade Friday ahead of the release of key inflation data, while the Japanese yen edged lower after the…
By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Monday at the start of a pivotal week which includes several central bank policy-setting… ANKARA – Turkey’s central bank sent a letter to local lenders on Monday, warning them https://www.dukascopy.com/swiss/english/forex/trading/ against conducting forex transactions with foreign banks during "off hours" and… By Ambar Warrick Investing.com– Most Asian currencies moved little on Tuesday as markets hunkered down ahead of several major central bank meetings this week, while the…
MOSCOW -The rouble strengthened on Friday, hovering between 61 and 62 to the dollar and showing limited reaction to the central bank’s decision to leave interest rates… By https://forexreviewdaily.com/foreks-broker-finmaxfx/ John McCrank NEW YORK -The yen fell more than 1% against the dollar on Friday after the Bank of Japan bucked the trend among other major central banks and stuck with…