Wed, July 24, 2024

Forex trading

The Greenback: A pile of Canadian dollar bills.

USD/CAD Continues to Show Positive Bias for Fifth Straight Day

Quick Look: Oil Prices Impact: The slump in crude oil prices weakens the Canadian Dollar, supporting the USD/CAD pair’s rise. Technical Indicators: Breakout above the 1.3740 supply zone and positive oscillators suggest a bullish outlook; Multi-Week Highs: Trading above mid-1.3700s, nearing a six-week peak, potentially reaching 1.3800 and beyond; The USD/CAD currency pair has been …

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Канадский доллар (CAD) падает на фоне глобальных экономических сдвигов

Canadian Dollar (CAD) Drops Amid Global Economic Shifts

Quick Look: The CAD struggles below the 1.36 mark, with critical levels at 1.3650/75 and potential USD gains above 1.3750. The People’s Bank of China’s recent rate cut has affected high-beta currencies, including the CAD. The BoC’s anticipated 25 basis point rate cut influences the CAD’s performance. Global economic policies and commodity prices pressure the …

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Курс доллара к индексу приблизился к рекордному максимуму 83,7190 на фоне рыночной нестабильности

USD/INR Nears Record High of 83.7190 Amid Market Turbulence

Quick Look: USD/INR Near Record High: The exchange rate nears an all-time high of 83.7190 due to USD strength. US Dollar Strength: Driven by risk aversion and rising US Treasury yields, tempered by weak labour data. RBI Intervention: Potential central bank actions to support the Rupee may prevent further depreciation. As the USD/INR exchange rate …

USD/INR Nears Record High of 83.7190 Amid Market Turbulence Read More »

Изменения на рынке Forex: Доллар падает, евро растет на 2,1%

Forex Market Shifts: Dollar Declines, Euro Up 2.1%

Quick Look: Federal Reserve hints at potential rate cuts, leading to higher opportunity costs for holding the US dollar. The euro has risen 2.1% against the dollar, marking gains in 13 of the last 15 trading days. The British pound approaches $1.30, benefiting from positive UK economic indicators and a weakening dollar. The forex market …

Forex Market Shifts: Dollar Declines, Euro Up 2.1% Read More »

GBP/USD достигла максимума с июля под влиянием данных по Великобритании

GBP/USD Hits Highest Since July, Driven by UK Data

Quick Look: GBP/USD surged, driven by robust UK economic data and softer US inflation. The Labour Party’s election victory bolstered investor confidence in the pound. UK GDP growth and high core inflation boosted GBP sentiment. UK inflation data release and Bank of England’s interest rate decision anticipated. GBP/USD crossed vital resistance levels, indicating a continued …

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DXY опускается до 104,80: Навигация по волатильности

DXY Dips to 104.80: Navigating Volatility

Quick Look: The US Dollar Index (DXY) dipped below the December trend line to hover around 104.80, challenging dollar bulls. Reclaiming the 104.80 level could signal a bullish reversal, potentially targeting levels like 105.10. Despite the decline, the DXY remains above the crucial 104.00 support level, making short positions on the USD risky. A strong …

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Новая валютная стратегия Японии: интервенционный сдвиг на $60 млрд

Japan’s New Currency Strategy: $60 Billion Intervention Shift

Quick Look: Atsushi Mimura replaces Masato Kanda as Japan’s top currency diplomat, shifting the strategy from heavy intervention to adaptive approaches. Mimura leverages favourable US economic data and market momentum, aligning interventions with prevailing trends. Public strategy knowledge may attract dip buyers, increasing risks for USD/JPY long positions during key US data releases. In a …

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Финансовые рынки реагируют на уход Байдена и поддержку Харрис

USD Index Reclaims 105.00 Amid Economic Shifts

Quick Look: The USD Index (DXY) rose above 105.00, reflecting robust demand despite lower US yields, driven by upcoming testimonies from Fed officials. French snap elections and Jerome Powell’s congressional testimony are key events impacting investor sentiment and USD movements. EUR/USD reached a high of 1.0850 but fell back, highlighting the complex interplay between the …

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Изменения на рынке Forex: Доллар падает, евро растет на 2,1%

EUR/USD Breaks Key Levels, Eyes 1.0920 Resistance

Quick Look: EUR/USD climbed above 1.0750 and 1.0780 resistance, supported by technical indicators and SMA signals. The immediate target is 1.0850, followed by 1.0865 and 1.0920, and the potential for 1.1120 if bullish momentum continues. Key support is at 1.0810 (aligned with 23.6% Fibonacci retracement) and 1.0790 (trend line support), crucial for maintaining a bullish …

EUR/USD Breaks Key Levels, Eyes 1.0920 Resistance Read More »

Изменения курсов валют и отчеты о занятости: Ключевые драйверы рынка

Currency Shifts and Employment Reports: Key Market Drivers

Quick Look: UK Elections Impact: Stirring currency markets; GBP-related pairs are volatile. USD Weakness: Significant fall affecting gold and silver prices; CHF also dips. Gold and Silver Analysis: Mixed signals on charts; bearish trends forming. CHFJPY Strategy: Potential long opportunity; wait for confirmation. Upcoming Reports: NFP and Canadian employment figures to drive market volatility. As …

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Финансовые рынки реагируют на уход Байдена и поддержку Харрис

US Dollar Rises Despite ISM PMI Drop to 48.5

Quick Look: The USD rises despite weaker ISM manufacturing data, showing strength in the DXY index. Markets await the June jobs report, which is crucial for the Federal Reserve’s future policy decisions. US elections impact market dynamics, with a potential Trump presidency seen as positive for the USD. The DXY index shows bullish momentum, targeting …

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Валютные рынки растут: Иена по 161,94, евро по 1,0761

Currency Markets Surge: Yen at 161.94, Euro at 1.0761

 Quick Look: Currency’s Historic Drop: On July 2, 2023, the yen hit lows of 161.94 against the US dollar and 173.80 against the euro, driven by expectations of a dovish stance from Japan’s central bank. US Dollar Fluctuations: Dovish comments from Fed Chair Powell caused the dollar index to slip to 105.61 despite solid domestic …

Currency Markets Surge: Yen at 161.94, Euro at 1.0761 Read More »

Broker News

Axi Renews CFD Sponsorship Deal with Football

The Australian Federal Court has ordered Prospero Markets, a trading broker for forex and CFDs, to shut down and has appointed a liquidator to refund client money. This move follows a demand from the Australian Securities and Investments Commission (ASIC). On Thursday, the court demanded the closure on grounds deemed just and equitable. BRI Ferrier’s …

Axi Renews CFD Sponsorship Deal with Football Read More »

Axi Debuts Proprietary Trading with Attractive Profit Split

Axi, formerly known as AxiTrader, is boldly stepping into the proprietary trading arena despite the sector’s current turmoil following actions against My Forex Funds. The Australian Forex and CFDs broker has launched a proprietary trading scheme, Axi Select. Axi Select: The New Player in Prop Trading In a recent statement, Axi clarified that the proprietary …

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