In less than one month Fifth Anti-Money Laundering Directive (5AML) will change the rules for the cryptocurrency companies. Starting from January 10, new anti-money laundering regulations will address crypto-related companies for the first time. It is important to mention that for the first time, the rules provide a definition of the virtual currency. According to …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURSEK The pair is trading in the green in the previous two sessions, with the 50-day moving average going south and appearing ready to cross below the 200-day moving average, indicating increasingly bearish sentiment …
Daily Market Charts and Analysis December 18, 2019 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURNOK The pair is trading in the green snow after losing some huge percentages in the previous sessions. With a solid support line, it’s possible that it will continue going up in the short …
Daily Market Charts and Analysis December 17, 2019 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURBRL The pair is still on the higher levels of its trading range, trading above the 50-day moving average indicating a prevailing bullish sentiment among the pair’s traders. The pair has been trading within …
Daily Market Charts and Analysis December 16, 2019 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCNH The pair has plummeted steeply from the 50-day moving average down to its 200-day counterpart. It’s now paring back those losses, but it still has ways to go. The yuan strengthened to a …
Daily Market Charts and Analysis December 13, 2019 Read More »
This week has been a very busy and volatile week for the forex market. From the Bank of Brazil to the US Federal Reserve, monetary policy announcements were closely watched. Just yesterday, the former IMF boss and now chief of the ECB, Christine Lagarde, held her first monetary policy meeting. Policymakers from the European Central …
Central Bank of Major Economies Dominating FX Headlines Read More »
Yesterday, the Brazilian central bank unleashed a half-point rate slash that shocked the market. The aggressive cut was deemed necessary by the bank as inflation remains below targets despite gradual improvements in the economy. The bank of Brazil’s benchmark Selic rate, or most known as interest rate, was eased by 0.50 basis points. The rate …
Brazilian Central Bank Aggressively Cuts Rates | Wibest Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPAUD The pair is trading near 2016 highs, with the price pulling back from recent losses. The British pound is under pressure as citizens head to poll booths in a bid to see whether …
Daily Market Charts and Analysis December 12, 2019 Read More »
On Wednesday, U.S. stocks benefited from the news that U.S. Federal Reserve is unlikely to change rates in 2020. As a reminder, last year, the Federal Reserve made a decision to tighten its monetary policy. This decision had a negative impact on the stock market. Three major U.S. stock indexes strengthened their positions. The Dow …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDHKD The pair is still trading sideways below both the 50-day and 200-day moving averages, fluctuating within tight ranges. According to some news reports, there has been increased demand for the Hong Kong dollar …
Daily Market Charts and Analysis December 11, 2019 Read More »
The US Federal Reserve dominates the news this week in the forex markets. Just moments away, the bank will finally reveal its highly anticipated interest rate decision for December. The nonfarm payroll rolled out promising figures that supported the markets’ hope of no easing. More traders believe that the bank will meticulously weigh in the …
US Federal Reserve Takes Over This Week’s Headlines Read More »
The US dollar struggles to find direction in sessions just ahead of the US Federal Reserve interest rate announcement. The contrasting sentiments surrounding the dollar is making it hard for investors to decide their next move. On one corner, the US President’s plan to add more sanctions on December 15 is damping trade war optimists. …
US Federal Reserve Decision in Focus, Dollar Unchanged Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. NZDCAD The pair is trading in the green, with strong bull sentiment for the New Zealand dollar. Prices have reached levels near the 200-day moving average, which is also serving as a strong resistance …
Daily Market Charts and Analysis December 10, 2019 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCHF After trading sideways for much of October and November, the pair is now trading upward. The uptrend also comes after the confirmation of the golden cross, in which the 50-day moving average crosses …
Daily Market Charts and Analysis December 09, 2019 Read More »
Two different central banks decided to hold their official interest rates still recently. The RBI and BoC’s decisions steadied and refueled India’s rupees and Canadian dollars. First, the Bank of Canada announced on Wednesday that it leaves its interest rate unmoved. That wasn’t much of a surprise, though. What caught the market off guard was …
Central Bank Decisions Reinforces the Rupees and Loonies Read More »
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