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The Indonesia stock market on Friday ended the five-day losing streak in which it had fallen more than 170 points or 2.6 percent. The Jakarta Composite Index now rests just above the 7,040-point plateau although it’s looking at another soft start again on Monday. Prospects of some coordinated central bank action and the lack of fresh news may encourage short-side profit-taking… Markets will be waiting on pin and needles this week to see which central bank may be the next to intervene. The antipodean central banks will kick off the new month with their policy decisions, but the latest jobs report out of the US could steal the limelight amid the never-ending anticipation of when the Fed will reach peak hawkishness.
By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trading Friday as sterling and the euro stabilized near one-week highs, helped by intervention by the… By Amanda Cooper LONDON – Demand for U.S. dollars in the currency derivative markets surged on Friday to its highest since the COVID-19 crisis in 2020 as market turmoil… MOSCOW – Russia’s top business lobby called on Friday for the central bank to build up its reserves of the Chinese yuan in a bid to stabilise Forex news the rouble, which is… By Sinéad Carew NEW YORK – The dollar rose against the euro on Friday but pared gains late in a session that was muddied by quarter-end trading while riskier… By Tetsushi Kajimoto TOKYO -Japan stands ready to take “decisive” steps in the foreign exchange market if excessive yen moves persist, Finance Minister Shunichi Suzuki… Final manufacturing Purchasing Managers’ survey results from the euro area and the UK are the major reports due on Monday.
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- This leaves traders nervous to buy the dip in Gold as it moves to its lowest level since April 2020.
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The UK government decided to abandon its plan to scrap the 45 percent tax rate, which was announced just 10 days before, after coming under severe criticism for such a relaxation for the high earners at the time of rising living costs. And that has seen the yuan weaken to 7.2 against the US dollar, a level not seen since 2008. Trade 9,500+ global markets including 80+ forex pairs, thousands of shares, popular https://osoblanco.org/dotbig-ltd-forex-broker-review-useful-information/ cryptocurrencies and more. 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. By Elizabeth Howcroft LONDON – Trading volumes between the British pound and the cryptocurrency bitcoin spiked to a record high after sterling dropped on Monday,…
However, the inconspicuous comments by the central bank left EUR/CHF weary as to if there are more to come. Shorting the pound is a strategy that makes profit if the price of the British pound falls. To short the pound, you want to enter the trade as close to resistance level as possible. In this week’s edition, we discuss the pound’s extreme volatility amid the BoE’s intervention and government’s questionable policy response to soaring cost of living crisis in the UK. Gold gains positive traction on the first day of a new week and hits a fresh daily high, around the $1,670 area during the early European session. The uptick meets with a fresh supply at higher levels, with spot prices sliding back below the $1,665 level in the last hour.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. BANGKOK -Thailand’s central bank has been in the foreign exchange market to reduce currency volatility, the central bank said on Saturday, as the Thai baht currency… Fusion Forex Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. SHANGHAI -China’s onshore yuan extended losses on Wednesday to end the domestic session at its lowest level against the dollar since the global financial crisis of 2008,…