Forex News

Risk off may continue, but It may be Time to Buy USD/CHF

Historically, the Swiss Franc has been considered to be a “Flight to Safety”.  In other words, as risky assets begin to sell off, such as stocks, one may consider selling the USD and buying CHF.  Therefore, selling USD/CHF makes sense when there is a risk off move. However, over the last few years the Swiss …

EUR/GBP’s Record Streak of Weekly Gains Set to End – Where to Next?

All good things must come to an end, as they say. After 13 consecutive bullish weeks, EUR/GBP is poised to finish a week lower than the previous weeks’ close for the first time since the week beginning April 29. For all intents and purposes, this represents the longest weekly streak of gains or losses the …

Market Brief: Choppy Trade Across Markets After Wednesday’s Wreck

FX: The pound was the strongest major currency on the day, while the safe haven Swiss franc was the weakest. US Data: Perhaps due to Amazon’s big two-day “Prime Day,” promotion, July Retail Sales came in better than expected at +0.7% m/m vs. +0.3% eyed; Core retail sales was even stronger at +1.0% m/m. Both the …

Central Bank of Mexico Surprises Market and Cuts Rates by 25bps

The Central Bank of Mexico cut overnight interest rates by 25bps, to 8.00%.  Consensus was for unchanged and it was the first time the Central Bank cut rates since 2014.  One board member voted to keep rates unchanged at 8.25%.  Members cited geopolitical risks and worries over a global slowdown as reasons for the rate …

Market Brief: China’s fresh stimulus plans boost sentiment for now

FX & Stock market snapshots as of [16/08/2019 0600 GMT] In today’s Asian session, the risk sensitive AUD/USD has continued to firm up within a sideways trading range in place since 08 Aug 2019. 0.6820 remains the range resistance to keep an eye on. The AUD/USD is being bided up in anticipation of fresh stimulus …

AUD vs NZD: Who is Winning?

The Australian Dollar and the New Zealand Dollar are two commodity currencies that are heavily dependent on China as a trading partner.  As the slowdown in China continues, it directly effects the economies of Australia and New Zealand.  With no end in sight to the trade war between the US and China, fears spread throughout …

Market Brief: Rest and Recovery Friday for Indices, Led by DE, NVDA, and GE

After a crazy week for global markets, volatility was limited in Friday’s trade, especially once European markets closed for the day. FX: The pound’s recovery rally extended again today, taking GBP/USD to a 1-week high in the mid-1.2100s. The kiwi was the weakest major currency in otherwise quiet trade (see our take on the Australian …

US Dollar at Key Resistance Heading into the Weekend

Today’s price action in the US Dollar (DXY) gave the markets reason for a pause in its ascent back towards the recent highs near 99.00, closing below key resistance near 98.20. On a daily candlestick chart, today’s bar was a perfect shooting star!  This one candle formation is generally a reversal signal in which bulls …

Gold trade on Forex

Do you want to know, is it favourable to trade in gold on Forex? Are there any effective strategies. Answers on these questions you can find in this article.

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