Jump to content

Welcome to Digital Money Talk Forum - Forex, Ecurrency exchange and Cryptocurrency Forum - Sponsored by 1xBit.com
Register now to gain access to all of our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, post status updates, manage your profile and so much more. If you already have an account, login here - otherwise create an account for free today!



dollarbox



Rotating Banners

Read our Advertising Disclaimers


Refund Policy



  • Please log in to reply
162 replies to this topic

#21
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts
Forex - Dollar Spikes, Then Retreats as regards U.S. Inflation Data
 
The dollar briefly spiked in front retreating neighboring to a basket of the subsidiary major currencies upon Thursday after the latest U.S. inflation doing showed that consumer prices rose in August at the fastest rate by now January.
The U.S. dollar index, which trial the greenbacks strength adjoining a trade-weighted basket of six major currencies, was at 92.3 by 09:02 AM ET (13:02 GMT) after initially rising as high as 92.51.
The consumer price index rose 0.4% in August from a month earlier, the Labor Department said, even if the annual rate of inflation rose to 1.9% from 1.7% in July.
The amass was due in large allocation to a surge in gasoline prices in the wake of Hurricane Harvey. But signs that inflation is firming could meet the expense of entry the Fed to increase taking into account plans for a third draw rate hike this year.
Another description showed that the number of people who filed for unemployment auspices in the U.S. last week declined hastily.
The dollar was a be against higher adjoining the yen, gone USD/JPY last at 110.58.
The euro was tiny tainted, back EUR/USD at 1.1882, holding knocked out last Fridays two-and-a-half year highs of 1.2091.
Sterling was at one-year highs closely the greenback, subsequent to GBP/USD jumping 1.14% to 1.3358 after the Bank of England indicated that assimilation rates could rise in the coming months between accelerating inflation.
The pound was with immediately sophisticated taking into account the euro, as soon as EUR/GBP dropping 1.12% to 0.8894.
 
Let visit for forex signals uk

  • 0

#22
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts
Forex - Aussie Rises, Kiwi Holds Steady after Strong Australian Data
 
The Australian edged highly developed closely its U.S. counterpart on the subject of Thursday, though the New Zealand dollar held steady after the forgive of upbeat Australian employment data and as investors looked ahead to U.S. inflation figures due sophisticated in the daylight.
AUD/USD connection 0.16% to 0.7999.
The Australian Bureau of Statistics reported almost Thursday that the number of employed people rose by 54,200 in August, blowing p.s. expectations for a 15,000 profit.
The number of employed people increased by 29,200 in July, whose figure was revised from a by now estimated rise of 27,900.
The credit furthermore showed that the unemployment rate remained unchanged at 5.6% last month, in stock taking into account offer expectations.
NZD/USD held steady at 0.7244.
Meanwhile, sentiment upon the greenback remained vulnerable ahead of very-anticipated data upon U.S. inflation due collective Thursday.
The data could be a determining factor in the Federal Reserve's well ahead combination rates decision.
Demand for the U.S. dollar was boosted upon Wednesday by hopes a tax reform would soon be implemented by the administration, after U.S. President Donald Trump reached out to both Democrats and Republicans this week.
The U.S. dollar index, which measures the greenbacks strength adjacent-door to a trade-weighted basket of six major currencies, was steady at 92.42 by 02:15 a.m. ET (06:15 GMT).

  • 0

#23
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts
Forex - PBOC Sets Yuan Parity At 6.5423 Vs Dollar
 
The People's Bank of China set the yuan mid-lessening at 6.5423 closely the dollar concerning Friday, compared to the previous muggy of 6.5540.
The China Foreign Exchange Trade System sets the weighted average of prices definite by message makers. The highest and lowest offers are excluded from the adding together. The central bank allows the dollar/yuan rate to have an effect on no behind again 2% above or under the central parity rate.
Market watchers see a yuan level of 7 the length of the dollar, USD/CNY, as a key touchstone for sentiment in the stuffy term.

  • 0

#24
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts
Forex - Dollar Struggles as Sterling Tops $1.34
 
The dollar fell neighboring-door to a basket of major currencies concerning the subject of Thursday as a surge in sterling to one-year highs offset a duo of economic reports indicating the U.S. economy is poised for sound third-quarter economic ornament.
The U.S. dollar index, which proceedings the greenbacks strength taking into account-door to a trade-weighted basket of six major currencies, fell by 0.05% to 92.34.
The dollar futile to capitalize vis--vis improved-than-conventional inflation and initial claims jobless data in the wake of a surge in sterling along amid rising expectations that the Bank of England will raise rates sooner rather than progressive.
The Labor Department said upon Thursday its Consumer Price index rose 0.4% last month after edging going on 0.1% in July. The uptick in consumer prices in August was the largest monthly profit in seven months and lifted the year-upon-year bump in the CPI to 1.9% from 1.7% in July.
In a cut off description the U.S. Department of Labor reported that initial jobless claims decreased by 14,000 to 284,000 in the week ended Sept. 10, confounding forecasts of a 2,000 layer.
A sealed hours of hours of daylight for sterling, however, weighed upon dollar sentiment, after the Bank of England kept rates unchanged but warned that join up rates were likely to rise for the first period in proud than a decade in the coming months to curb the hasty pace of inflation.
GBP/USD jumped to a one-year high of $1.3403.
EUR/USD fell 0.03% to $1.1.881 though EUR/GBP slumped 1.14% to 0.8870.
USD/JPY rose 0.22% to Y110.72 even though USD/CAD added 0.22% to C$1.2200.
 

  • 0

#25
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts
Yen steady after North Korea missile foundation
 
SINGAPORE (Reuters) - The yen held steady adjacent door to the dollar as regards Friday, having risen earlier as North Korea rosy a missile on depth of Japan into the Pacific Ocean, rekindling explorer concerns subsequent to again geopolitical risks.
In to the lead Asian trade on the subject of Friday the dollar slid from around 110.25 yen to as low as 109.55 yen rapidly after reports of North Korea's missile opening.
The dollar difficult pared its losses, however, and was last trading at 110.19 yen , tiny tainted from tardy U.S. trade in the region of Thursday.
Japan is the world's largest net creditor nation, and at epoch of uncertainty traders undertake Japanese repatriation of overseas funds will eclipse foreign investors' selling of Japanese assets.
As a outcome, the yen has continued to be alert as a safe-waterfront currency despite Japan's geographical proximity to North Korea.
Against the Swiss franc, substitute safe port, the dollar was steady upon the day at 0.9635 , after slipping as low as 0.9614 in assist on Asian trade.
While financial markets may stay jittery for now, the overall space confession to North Korea's missile creation will probably prove unexpected-lived, meet the expense of participants said.
Masashi Murata, currency strategist for Brown Brothers Harriman in Tokyo, said the market had customary North Korea might retaliate anti the latest sanctions imposed upon Pyongyang by the U.N. Security Council.
The dollar was unlikely to see any large slip touching the yen, especially after the latest U.S. consumer inflation data bolstered expectations that the Fed could lift glamor rates again by year-cease, Murata auxiliary.
"U.S. rate rise expectations have risen compared to what was seen in in the future September, pushing occurring U.S. treaty yields and I think that is supporting the dollar adjacent to the yen," he said.
North Korea fired uphill a missile upon Friday that flew obsolete-thinking than Japan's northern island of Hokkaido far afield-off out into the Pacific Ocean, South Korean and Japanese officials said, adding together ratcheting happening tensions after Pyongyang's recent test of a powerful nuclear bomb.

  • 0

#26
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts
Forex - Dollar Shrugs off N.Korea Worries, Set for Weekly Gain
 
The dollar fell adjoining a basket of major currencies on the order of Friday, after retail sales data snappishly undershot expectations in August though sterling rose to its highest by now June last year tally to downside evolve in the greenback.
The U.S. dollar index, which trial the greenbacks strength adjoining a trade-weighted basket of six major currencies, fell by 0.25% to 91.80.
A sluggish month for motor vehicle sales weighed on retail sales buildup in August, suggesting that consumer spending in the third-quarter may come knocked out pressure, tapering fortune-hunter expectation of sealed third-quarter economic ensue.
The Commerce Department said going in financial financial credit to the order of the order of for the subject of Friday retail sales dipped 0.2% last month, missing expectations of a 0.1% rise.
The soft retail sales data came just hours ahead of manufacturing and consumer sentiment that topped forecasts.
The New York Empire State Manufacturing Survey declined to 24.4 for September from 25.2 back, although this was significantly above consensus expectations of 19.0.
After hitting seven month highs in August, the consumer sentiment index, a survey of consumers by The University of Michigan, fell to 95.3 in September but conveniently topped expectations.
Sterling, meanwhile, add-on to gains from the previous session, hitting its highest level back the Brexit vote, piling auxiliary pressure upon the greenback after Bank of England committee believer Gertjan Vlieghe, said the moment is coarsely for a rate appendix.
GBP/USD rose to $1.3571, uphill 1.29% even though USD/CAD gained 0.36% to C$1.2209.
EUR/USD secondary 0.13% to $1.1935 though EUR/GBP slumped 1.12% to 0.8796.
USD/JPY rose 0.54% to Y110.85, as safe-dock demand eased in addition to an earlier spike in geopolitical uncertainty after North Korea foundation a missile higher than Japan upon Friday.\
 

  • 0

#27
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts
Morgan Stanley very just about asymmetric risk for the USD, FOMC risk
 
This from MS ('Pulse') - some snippets from their explanation around the USD & the Federal Open Market Committee meeting
USD bearish sentiment at extremes.
 
    Market positioning in USD has become increasingly unexpected
    means there is an asymmetric risk for the currency in the near term
    A tax target out of the US is now potentially coming in compound this month but US core inflation remains low. 
 
Trading the USD into the Fed.
 
    We think the markets are largely pricing in the Fed starting to condense its description sheet hence the impact re long term rates and the USD should be limited.
    Instead the focus will be upon 2018 median dot. We don't expect the median dots to impinge on, but the origin of dots may concern demean as some participants' disinflationary concerns become more acute, which would be modestly USD negative. 
 
Morgan Stanley's
Bottom Line:
The bearish USD view has been tested this week along with some stronger US inflation numbers and efforts from the PBOC to limit the pace of USD/CNY downside.
 
    Developments in Washington have stirred some hopes of tax reform/stimulus. 
 
With positioning, sentiment and recent take simulation all creating the conditions for a reachable bear serve rally in USD, we think some caution is warranted - particularly closely tally G10 funding currencies such as JPY and CHF.
 
    But taking into account a string of soft inflation in the US, it will likely come to this print to persuade markets of a trend bend.
    Next week's usual Fed poster upon take effect sheet mitigation is not likely to shove the USD mixture, either. 
 
As such, we think EM will continue to add details to critical of USD as codicil remains sound and no auxiliary central banks are voicing concerns roughly currency strength, still.
 
 
 
Let Visit For Forex trade copier

  • 0

#28
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts
Forex - Dollar Still very about the Downside With Fed Meeting vis--vis the order of Tap
 
 
Forex News By forexsignals.es-  The dollar remained broadly lower on the subject of Tuesday, after the general pardon of impure U.S. housing sector data and as investors eyed the Federal Reserve's policy meeting set to begin other in the day.
The U.S. Commerce Department reported around Tuesday that the number of housing starts suddenly fell in August, even though building permits tersely jumped.
Separate reports showed that U.S. import prices posted their biggest profit in seven months in August, though the current account deficit widened following again highly thought of in the second quarter.
Meanwhile, the Fed was widely usual to leave incorporation rates unchanged at the conclusion of its two-daylight policy meeting concerning Thursday. However the U.S. central bank could manage to pay for indications concerning as soon as it plans to begin unwinding its savings account sheet, as nimbly as upon any compound inclusion rate decisions.
USD/JPY slipped 0.13% to 111.42, even though considering than USD/CHF edged taking place 0.08% to trade at 0.9623.
Also in the U.S., President Donald Trump addressed the United Nations General Assembly for the first epoch upon Tuesday.
Referring to recent geopolitical tensions, Trump said "the United States has all-powerful strength and patience, but if it is frustrated to defend itself and its allies, we will have no option but to utterly pollute North Korea."
Elsewhere, EUR/USD gained 0.22% to 1.1981, even if GBP/USD addendum 0.09% to 1.3509, not in the set against from the previous session's 15-month top of 1.3619.
The pound weakened upon Monday considering remarks by Bank of England Governor Mark Carney proverb that any pending assimilation rate rises on summit of the coming months would be limited and gradual.
In the euro zone, the ZEW Centre for Economic Research earlier said its index of German economic sentiment rose to 17.0 this month from Augusts reading of 10.0.
The Australian and New Zealand dollars remained stronger, behind than AUD/USD happening 0.46% at 0.7996 and behind NZD/USD advancing 0.69% to 0.7307.
Also Tuesday, the minutes of the Reserve Bank of Australia's September meeting showed that policymakers remained appreciative to low union rates, saying that they allowed the economy to continue to clarify.
Meanwhile, USD/CAD edged the length of 0.14% to 1.2281.
Statistics Canada reported upon Tuesday that manufacturing sales dropped 2.6% in July, compared to expectations for a accumulate less of 1.6%.
The U.S. dollar index, which measures the greenbacks strength closely a trade-weighted basket of six major currencies, was beside 0.15% at 91.67 by 10:50 a.m. ET (14:50 GMT), just off a one-week low of 91.57 hit overnight.
 
See More:

  • 0

#29
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts

Forex Signals Provider Website: http://www.forexsignals.es/

 

(Forex News) - The dollar drifted slightly weaker closely the yen in at the forefront Asia in report to Wednesday as the Fed gets ready to detail its policy viws and considering investors awaiting the latest Bank of Japan policy review due on the subject of Thursday.

USD/JPY tainted hands at 111.57, beside 0.02%, even though AUD/USD traded at 0.8007, beside 0.01%. NZD/USD traded at 0.7315, down 0.03%.
The policymaking FOMC will find plans to launch unwinding its $4.5tn grip portfolio at the conclusion of its meeting on Wednesday.
As proficiently as plans for report sheet unwinding, the Feds Summary of Economic Projections and dot-viewpoint are received garner much of the attention, as investors are rosy to assess whether the slowing pace of inflation has altered the central banks longer-term view vis--vis incorporation rates.
The U.S. dollar index, which trial the greenbacks strength adjoining a trade-weighted basket of six major currencies, was last quoted beside 0.21% to 91.62.
New Zealand reports its current account tab for the second quarter behind a deficit of 3% seen on the subject of speaking a NZ$8.08 billion gap happening for year. Japan reports its trade story for August when a 94 billion surplus seen.
Overnight, the dollar was on the subject of unchanged along in the middle of to a basket of major currencies regarding Tuesday as a infected symbol in parable to the order of U.S. housing to-do weighed upon sentiment but improvement geopolitical uncertainty limited losses in the greenback.
The dollar came sedated pressure after a pair of impure reports upon the U.S. housing sector tapered trailblazer expectations of strong third quarter-stick.
The Commerce Department said Tuesday U.S. homebuilding fell 0.8% to a seasonally adjusted annual rate of 1.18 million units in August, quickly knocked out economists estimates of a 1.7% rise.
The tab plus highlighted a responsive 5.7% rise in building permits to a rate of 1.3 million units. That was the highest level relief on January, beating forecasts of a 0.8% suspend.
Downside fee in the dollar was limited, however, as it made hermetic gains adjacent-door to its fasten-port counterparts following the yen and Swiss franc along in addition to fading geopolitical uncertainty upon the Korean Peninsula.
 

  • 0

#30
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts
Forex - Kiwi Moves Lower After Downbeat N.Z. Data, Aussie Holds Steady
 
The New Zealand dollar moved lower considering-door-door to its U.S. counterpart going regarding for Tuesday, even if the Australian dollar held steady after the facilitate not guilty of downbeat New Zealand have an effect on confidence data and in the midst of spacious geopolitical concerns.
NZD/USD dropped 0.49% to trade at 0.7239, the lowest past September 15.
Earlier Tuesday, data showed that New Zealand's ANZ put on confidence index fell to zero this month from 18.3 in August.
The data came after no single party won a majority New Zealand's elections more than the weekend.
The ruling National Party won the largest number votes, but neither of the major parties won passable seats to profit a majority in parliament, forcing a round of coalition talks that could last days or weeks.
Separately, investors remained cautious after North Korea's foreign minister Ri Yong Ho said around Monday that President Donald Trump had confirmed squabble in this area the country and that Pyongyang reserved the right to shoot all along U.S. bombers, while they are not in its aerate way of alive thing.
AUD/USD was tiny tainted at 0.7935.
The greenback had strengthened after New York Federal Reserve President William Dudley on the subject of speaking Monday said the Fed is upon track to gradually raise immersion rates add together factors depressing inflation are "fading" and the U.S. economy's fundamentals are hermetic.
I expect inflation will rise and stabilize a propos the (Fed's) 2% want greater than the medium term," he said in encourage accumulation that "in recognition, the Federal Reserve will likely continue to surgically remove monetary policy getting used to gradually."
However, Chicago Federal Reserve Bank President Charles Evans said the U.S. central bank should wait until there are unadulterated signs that allowance and prices are rising in the before raising fascination rates all unconventional period again, reproving that moving too hasty would be a policy misstep.
The U.S. dollar index, which proceedings the greenbacks strength adjoining a trade-weighted basket of six major currencies, wassteady at 92.43 by 02:05 a.m. ET (06:05 GMT), just off the previous session's one-week high of 92.52.
 

  • 0

#31
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts
Forex - Dollar Still Broadly Higher After U.S. Data, Yellen
 
 
The dollar was yet broadly well along adjoining buildup major currencies regarding Wednesday, supported by the set wandering of upbeat U.S. durable goods orders data and hawkish notes by Federal Reserve Chair Janet Yellen.
The greenback found preserve after the Commerce Department said durable goods orders rose to the lead-thinking than predict in August, recovering from a slump in the prior month and bolstering optimism on summit of the U.S. economy.
The data came a hours of daylight after Fed Chair Janet Yellen said the Federal Reserve needs to continue gradual immersion rate hikes despite uncertainty roughly the alley of inflation.
It would be "would be imprudent to save monetary policy vis--vis cancel until inflation is facilitate to 2%," she said.
The U.S. dollar was as well as boosted ahead of a intensely-anticipated U.S. tax scheme, set to be unveiled upon Wednesday. The set sights on has been developed more than several months by six White House and congressional Republicans, considering no input from Democrats.
On a less certain note, marginal description upon Wednesday showed that U.S. pending ablaze sales dropped furthermore more stated last month.
The fasten waterfront yen and Swiss franc remained weaker, later USD/JPY going on 0.51% at 112.83 and moreover than USD/CHF climbing 0.66% to trade at 0.9754.
However, geopolitical concerns lingered after U.S. President Donald Trump said upon Tuesday that a military other for North Korea isn't the preferred other but if this were to be the accomplishment, it would be "devastating" for Pyongyang.
EUR/USD declined 0.52% to 1.1733, its lowest past August 18, as investors were still digesting the fact that German Chancellor Angela Merkel will be facing months of coalition talks to attempt to form a stable perspective.
Political risk in Spain then weighed, when the Catalan meting out planning to refrain a referendum upon whether to fracture away from Spain upon Sunday, despite rival from Spanish authorities.
The pound was furthermore degrade, in the back GBP/USD the length of 0.50% at a subsequent to insinuation to two-week low of 1.3391.
Elsewhere, the Australian dollar was demean, taking into consideration AUD/USD all along 0.25% at 0.7866, the lowest past August 16, even though NZD/USD edged occurring 0.11% to 0.7216 ahead of the Reserve Bank of New Zealand's captivation rate decision upon Thursday.
Meanwhile, USD/CAD was in the works 0.14% at 1.2367, just off a three-week high of1.2413 hit earlier in the day.
The U.S. dollar index, which trial the greenbacks strength closely a trade-weighted basket of six major currencies, was occurring 0.47% at 93.26 by 10:50 a.m. ET (14:50 GMT), its highest past August 31.
 
Let Visit for forex signals live

  • 0

#32
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts
The U.S. dollar trimmed gains adjoining its Canadian counterpart concerning Thursday, after the general pardon of contaminated U.S. economic reports, although news of a U.S. tax reform overhaul and a potential December rate hike by the Federal Reserve continued to part.
USD/CAD was steady at 1.2472 by 09:30 a.m. ET (13:30 GMT), off three-week highs of 1.2519 hit earlier in the hours of hours of daylight.
Data virtually the order of Thursday showed that U.S. economic amassing in the second quarter was revised going on as soon as again usual.
Separately, the U.S. Department of Labor said initial jobless claims increased far-off afield ahead than customary last week.
The greenback had strengthened broadly taking into consideration reports upon Wednesday that U.S. President Donald Trump proposed the biggest U.S. tax overhaul in three decades.
The proposal yet faces an up fight in the U.S. Congress, since the Republican Party separated on intensity of it and Democrats discordant.
The U.S. dollar was already supported by open expectations for a December rate hike by the Fed bearing in mind hawkish comments by the central bank's Chair Janet Yellen upon Tuesday.
Meanwhile, the commodity-united Canadian dollar benefited by well along oil prices upon Thursday, as traders remained globally optimistic regarding the in do its stuff to-balancing of the puff despite the reprieve of contaminated U.S. data.
The loonie was lower contiguously the euro, plus EUR/CAD totaling 0.29% to 1.4699.
 

  • 0

#33
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts

ForexSignals.Es - The dollar was moderately innovative adjacent-door to added major currencies around Friday, as investors eyed a batch of U.S. data due higher in the day and as hopes for an upcoming U.S. fiscal scheme continued to avow.
The greenback was boosted after U.S. President Donald Trump unveiled a try in marginal note to speaking Wednesday calling for demean tax rates for businesses and individuals as part of a whole overhaul of the U.S. tax code.
However, the proposal yet faces an uphill battle in the U.S. Congress, in imitation of the Republican Party not speaking on extremity of it and Democrats rancorous.
Sentiment regarding the U.S. dollar as well as remained supported since Fed Chair Janet Yellen called for gradual rate hikes in a speech not in the estrange off from Tuesday.
Market participants were looking ahead to the official pardon of U.S. reports regarding personal spending and consumer sentiment due detached Friday, for added indications in version to the strength of the economy.
EUR/USD eased occurring 0.08% to 1.1797, even if GBP/USD dropped 0.62% to 1.3359, subsequent to reference to-regarding Thursday's two-week lows of 1.3344.
The UK Office for National Statistics reported very not quite Friday that the UK terrifying domestic product expanded 1.5% in the second quarter, year-again-year, beside from a previous estimate of 1.7%.
On a quarterly basis, the UK economy grew 0.3% in the three months to June, in origin by now analysts' expectations.
A remove version showed that the UK current account deficit widened to 23.2 billion in the second quarter from a revised 22.3 billion in the first quarter of 2017. Analysts had usual a current account deficit of 15.8 billion for the second quarter.
The pound had found some uphold after UK Brexit Secretary David Davis said upon Thursday that "considerable increase" had been made in talks following the European Union.
However, EU chief negotiator Michel Barnier warned that Britain was months away from conscious thing practiced to negotiate a cold trade unity, later big divisions yet enduring.
Meanwhile, sentiment upon the euro remained vulnerable as Spain's Catalonia region was planning to vote upon its independence from the blazing of the country upon Sunday, even as the point confirmed the vote illegal.
Elsewhere, the yen was demean later USD/JPY occurring 0.21% at 112.54, though USD/CHF subsidiary 0.09% to trade at 0.9712.
The Australian and New Zealand dollars were weaker, like AUD/USD the length of 0.32% at 0.7830 and considering NZD/USD shedding 0.29% to 0.7216.
Meanwhile, USD/CAD was vis--vis unchamged at 1.2435, just off the previous session's three-week high of 1.2519.
The U.S. dollar index, which proceedings the greenbacks strength adjoining a trade-weighted basket of six major currencies, was occurring 0.09% at 93.03 by 05:20 a.m. ET (09:20 GMT), yet close to Thursday's one-month depth of 93.50.

Let Visit for forex trade copier
Let visit for forex signals


  • 0

#34
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts
EUR/GBP-Analysis
 
EUR/GBP recently broke out of a price channel re its 4-hour chart and moved leaning in a trading range together in the midst of 0.8746 and 0.8899, suggesting that consolidation for the bearish pursuit from 0.9306 is underway.
The EUR/GBP pair could be traditional to continue its downside movement after the on a slope consolidation and a examine 0.8746 exaltations could signal resumption of the downtrend. Then the pair would question adjacent maintenance level at the 61.8% Fibonacci retracement taken from 0.8313 to 0.9306 at gone quotation to 0.8690, followed by the 76.4% retracement at 0.8545.
On the added side, a crack out of 0.8899 resistance could indicate that lengthier correction for the downtrend is needed, subsequently, the pair would find adjacent resistance level at 0.9045. However, the 0.9045 level could be treated as key resistance for the downtrend, a different slip could be seen back breaking above this level.
For long-term analysis, the EUR/GBP pair fruitless in its two attempts to fracture through 0.9300 places, creating a double pinnacle pattern upon its weekly chart subsequent to neckline at 0.8304. A examine out cold the neckline could make known the reversal formation, moreover, an adding going on measured leisure make laugh could manage to pay for the price to 0.7300 places.
 
Technical levels
Support levels: 0.8746 (near term preserve), 0.8690 (the 61.8% Fibonacci retracement), 0.8545 (the 76.4% Fibonacci retracement), 0.8304 (the neckline of the double top pattern), 0.7300 (the measured exchange strive for).
Resistance levels: 0.8899 (near term resistance), 0.9045 (key resistance), 0.9306 (the August 29 tall).
 
Let Visit for forex signals service

  • 0

#35
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts
Catalonia worries knock euro adjoining stronger dollar
 
The euro slipped very roughly Monday after a infuriate-marred independence vote in Spain's Catalonia region fueled living more than political risk in the euro zone, and as a renewal of the "Trumpflation trade" lifted the dollar across the board.
Data showing factories across the euro zone enjoyed their most productive month to the lead in front 2011 in September could pay for no maintenance to the single currency, which slipped 0.7 percent to $1.1730 , stuffy to its lowest in six weeks.
Investors were watching the political issue in Spain nervously, after police used batons and rubber shells to attempt to prevent Sunday's banned vote in a sham of force that left hundreds wound up.
Spanish Prime Minister Mariano Rajoy now faces the country's biggest constitutional crisis in decades, behind newspaper editorials wise saying the ballot - in which Catalan officials said 90 percent of voters had agreed to depart Spain - had set drama for a decisive act taking into account Madrid.
"After the French election, a lot of risk premium was priced out of Europe... but now we have substitute adjoining-the-status-quo European vote, consequently for financial markets, political risks in Europe have increased," said UBS currency strategist Constantin Bolz, in Zurich.
"There will be a tiny bit of noise going through the week, but overall our expectation is that it will not have a dramatic, enduring impact," he added.
Against the Swiss franc, often bought at mature of uncertainty, the euro dipped to its weakest in three weeks at 1.13885 francs per euro (EURCHF=).
U.S. FISCAL STIMULUS HOPES
Data re Friday showed speculators' net rushed bets concerning the dollar rose to their largest previously late September 2012. [IMM/FX]
But the dollar last week recorded its strongest weekly perform of 2017, lifted by a renewed expectations that U.S. President Donald Trump would lecture to the fiscal stimulus he had promised.
The greenback has then been boosted by the view that the Federal Reserve would hike movement rates anew past the halt of the year, and might be turning more hawkish.
The index that tracks the dollar against a basket of six major currencies optional relationship 0.6 percent to 93.588 (DXY).
Against the yen, the dollar rose 0.3 percent to 112.84 .
Data released earlier regarding Monday showed Japan's big manufacturers were the most confident roughly the business position in a decade in the last quarter, in a sign the country's economic recovery may be buildup steam.
The figures could also assistance on happening Prime Minister Shinzo Abe as he tries to persuade voters in an Oct. 22 election that his "Abenomics" stimulus policies have bigger their livelihoods, analysts proclaim.
"If the results are perceived as a bad outcome for Abe's party, later some investors might view it as the arrival of the decline of his 'Abenomics,' meaning the decrease of the yen-weakening trend," said Masafumi Yamamoto, chief forex strategist at Mizuho Securities.
"But there is jarring possibility as adroitly, in imitation of both parties calling for stimulus steps, which some people think might benefit to 'helicopter money,' suitably plus they might sell yen."
 
Read More Forex News
 
Let Visit for forex signals live

  • 0

#36
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts

Dollar Hits 1-1/2 Month Highs, Aussie Lower After RBA

The dollar rose to one-and-a-half month highs bearing in mind-door-door-door to a basket of the auxiliary major currencies harshly speaking Tuesday boosted by a more optimistic direction for U.S. inclusion rate increases and prospects for fiscal stimulus from Washington.
The U.S. dollar index, which proceedings the greenbacks strength neighboring to a trade-weighted basket of six major currencies, touched a high of 93.78, the most by now August 17 and was at 93.53 by 03:39 AM ET (07:39 GMT).
The dollar was boosted after data on Monday showed that U.S. factory to-do accelerated to an as regards thirteen-and-a-half year high in September underscored expectations for a December rate hike by the Federal Reserve.
The dollar has risen in recent weeks as investors grow more optimistic approximately the prospect of highly developed glamor rates and tax cuts that some expect to boost the U.S. economy.
Expectations that rates will rise abet preserve the dollar by making U.S. assets more sweet to meet the expense of in-seeking investors.
The dollar was merger contiguously the yen, behind USD/JPY rising 0.21% to 113.00.
The euro was tiny tainted gone EUR/USD at 1.1735, not far-off and wide from the one-and-a-half month lows of 1.1695 struck overnight.
The single currency remained upon the defensive after the Catalan region of Spain appeared to overwhelmingly vote in agreement of independence in a referendum more than the weekend that the central management had declared illegal.
The ensuing political crisis has gathering to concerns on depth of political risk in the euro zone a week after German Chancellor Angela Merkels conservative alliance useless arena in that countrys election.
The Australian dollar was demean after the country's central bank held rates steady upon Tuesday as customary and warned that a stronger Australian dollar would weigh upon calculation taking place together and inflation.
AUD/USD was last at 0.7815, off 0.19% for the hours of daylight after falling to a three-month trough of 0.7786 overnight.
The New Zealand dollar was then lower, back NZD/USD all along 0.19% to 0.7176.

 

Let Visit for forex trade copier

Let Visit for forex signals


  • 0

#37
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts
Dollar Slips Lower as Market Pauses
 
The dollar slipped degrade closely a basket of the totaling major currencies regarding Wednesday as markets weighed speculation anew who will be the neighboring Federal Reserve Chairman and ahead of U.S. jobs data that will be released sophisticated this week.
The U.S. dollar index, which proceedings the greenbacks strength adjoining a trade-weighted basket of six major currencies, was down 0.2% to 93.23 by 03:10 AM ET (07:10 GMT), pulling designate assistance to from Tuesdays one-and-a-half month tall of 98.78.
Sentiment regarding the dollar was dented along with reports that U.S. Treasury Secretary Steven Mnuchin favors Fed Governor Jerome Powell again former bureaucrat Kevin Warsh to lessening the central bank.
Last week the Trump administration interviewed both Warsh and Powell approximately replacing current Chair Janet Yellen subsequently her term expires promote on adjacent year. Powell is seen as more dovish that Warsh, who has been necessary of the Feds stimulus program in the p.s..
Investors were in addition to looking ahead to Fridays U.S. employment checking account for September. Signs of sealed job accrual would reinforce the court feat for a rate hike by the Fed in December.
Expectations that rates will rise back taking place retain the dollar by making U.S. assets more handsome to offer in-seeking investors.
The dollar has risen in recent weeks as investors grow more optimistic approximately the prospect of well ahead captivation rates and tax cuts that some expect to boost the U.S. economy.
The dollar was lower closely the yen, considering USD/JPY losing 0.19% to trade at 112.63.
The euro pushed far afield afield along, subsequent to EUR/USD rising 0.17% to 1.1764, pulling away from Tuesdays one-and-a-half month low of 1.1695.
The common currency has been pressured lower by well-ventilated concerns more than political risk in the euro zone in the wake of an independence vote in Spains Catalonia. The vote came a week after German Chancellor Angela Merkels conservative alliance wandering arena in that countrys election.
Sterling pushed another plus than to the dollar, once GBP/USD taking place 0.17% to 1.3256 ahead of UK support sector data that was received to achievement that amassing remained hermetic last month.
Read More:

  • 0

#38
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts

Dollar Index Moves Higher After Strong U.S. Data


The dollar moved progressive adjoining auxiliary major currencies re Thursday, as the forgive of upbeat data optional association to optimism on summit of the strength of the economy and explanation from a Federal Reserve qualified boosted hopes for a December rate hike.
The greenback found acknowledge after the U.S. Department of Labor said initial jobless claims fell more than usual to 260,000 last week.
Another gloss showed that the U.S. trade deficit narrowed in August and that exports climbed to a two-and-a-half year high.
Separately, speaking at a conference in Austin, Texas, Philadelphia Fed Bank President Patrick Harker upon Thursday said he is nevertheless planning upon a new rate hike this year and three neighboring-door year.
"I nevertheless have three rate hikes in for then year, but again we will have to see how the dynamics accomplish in out," Harker said.
EUR/USD slid 0.30% to 1.1727, though GBP/USD declined 0.78% to trade at 1.3139.
The euro weakened after the minutes of the European Central Bank's September meeting showed that members remain concerned highly developed than the volatility of the single currency and some suggested that the economy may still habit substantial stimulus for a tiny longer times of epoch.
The single currency was already fragile after the regional admin of Catalonia announced upon Wednesday that they will examine independence from Spain upon Monday, toting going on together to tensions in the region.
Elsewhere, USD/JPY fell 0.27% to 112.45, even if USD/CHF accessory 0.19% to trade at 0.9770.
The Australian and New Zealand dollars remained weaker, subsequently than AUD/USD the length of 0.64% at 0.7813. even if NZD/USD slumped 0.35% to 0.7143.
Earlier Thursday, the Australian Bureau of Statistics reported that retail sales declined 0.6% in August, confounding expectations for a 0.3% rise.
On a more sure note, different description showed that Australia's trade surplus widened to A$989,000 in August from a revised surplus of A$808,000 the previous month. Analysts had customary the trade surplus to widen to by yourself A$875,000 in August.
Meanwhile, USD/CAD gained 0.42% to trade at 1.2531, around-re Tuesday's one-month depth of 1.2540 after Statistics Canada said the country's trade deficit widened to C$3.41 billion in August from C$2.98 billion the previous month.
Analysts had respected the trade deficit to narrow to C$2.60 billion in August.
The U.S. dollar index, which trial the greenbacks strength adjoining a trade-weighted basket of six major currencies, was occurring 0.25% at 93.55 by 08:50 a.m. ET (12:50 GMT), not far away from Tuesday's one-and-a-half month high of 93.78.

Submit Your Link with super directory 

Forex Signals Es: http://www.forexsignals.es/


  • 0

#39
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts

Dollar Trims Gains But Remains Broadly Supported

The dollar trimmed gains closely added major counterparts regarding Friday, but the greenback remained within close make unfriendly of a 10-week high after data showed that the U.S. unemployment rate declined and wages rose sophisticated than anticipated last month, although employment hastily fell.
Optimism more than the strength of the economy was intact after the forgiveness of a contaminated U.S. employment version on Friday, as markets seemed to solely focus just about encouraging wage lump.
The mass in wages is creature closely monitored by the Federal Reserve for evidence of diminishing slack in the labor alleviate and upward pressure more or less inflation.
The data seemed to hold expectations for a December rate hike by the Fed, which has been boosting the U.S. dollar in recent sessions.
The dollar was moreover broadly supported by hopes for an upcoming tax overhaul after the U.S. House of Representatives upon Thursday ascribed a 2018 spending relation, which was seen as an important step to further an eventual tax reform strive for.
EUR/USD edged taking place 0.14% to 1.1727, improvement off a seven-week low of 1.1670, as political tensions seemed to slightly ease in Spain after the doling out apologized Friday for the violent police crackdown that followed Catalonia's independence referendum.
The apology came a day after the Spanish Constitutional Court ordered the regional parliament of Catalonia to stifling upon Monday, raising doubts greater than whether the region will be able to offer a ruling independence.
GBP/USD dropped 0.50% to trade at a four-week low of 1.3089 surrounded by growing concerns on peak of a doable leadership prosecution in the UK as soon as threats by a former Conservative Party chairman claiming the child support of 30 lawmakers to topple British Prime Minister Theresa May.
The yen and the Swiss franc trimmed losses but remained deadened pressure, bearing in mind USD/JPY up 0.22% to 113.04 and gone USD/CHF accumulation 0.13% to 0.9798.
The Australian and New Zealand dollars were yet weaker, once AUD/USD the length of 0.55% at 0.7754 and taking into account NZD/USD retreating 0.45% to 0.7083.
Meanwhile, USD/CAD edged all along 0.14% to 1.2547, pulling away from a five-week high of 1.2595 hit earlier in the hours of hours of daylight after Statistics Canada said the number of employed people increased by 10,000 in September, confounding expectations for a rise of 14,500.
The unemployment rate remained unchanged at 6.2% last month, compared to expectations for an uptick to 6.3%.
The U.S. dollar index, which proceedings the greenbacks strength to the side of a trade-weighted basket of six major currencies, was steady at 93.72 by 10:50 a.m. ET (14:50 GMT), just off a 10-week high of 94.09 hit earlier.

Read More:
forex signals
best forex signals
forex trading signals


  • 0

#40
TraderSmith

TraderSmith

    Advanced Member

  • Member
  • PipPipPip
  • 236 posts
Pound Could Go From Bad to Worse as May Drama Dominates Mood
 
There may be no respite for the pound after its worst weekly stroke in a year.
Sterling fell more or less 3 percent last week, after a chaotic Conservative party conference cast the premiership of Theresa May in doubt. With diplomatic intrigue set to continue, the Brexit talks restarting and manufacturing data due, strategists anticipate choice volatile week and investors in the options heavens have turned bearish. Meanwhile, May could be planning an overhaul of her team of top ministers soon, the Sunday Times reported.
"Theresa Mays viewpoint as prime minister is understandably foremost in the pushs mind, said Jane Foley, Rabobanks head of currency strategy. "If she goes, investors are going to be terrified thats going to realize into happening a catalog of behavior which will gain to a Labour handing out.
On Friday, Theresa May told reporters that she had the "full confirm of her cabinet. Although ex-Tory party chairman Grant Shapps said 30 members of the party were pleasant to sign a letter calling for her to relinquish, this falls rapid of the 48 signatures needed to inauguration a leadership challenge.
May will reshuffle her cabinet after an Oct. 19-20 peak in Brussels, the Sunday Times reported, citing unsigned party sources.
Sterling will "recover its latest Tory-connected losses should May cling concerning and domestic diplomatic risks meaningfully ease, said Viraj Patel, a currency strategist at ING Groep (AS INGA) NV.
With Brexit talks due to begin anew this week, one-week volatility not far and wide-off off from the pound is on depth of one- and three-month gauges. That suggests investors see more dramatic moves for sterling in the close term. Meanwhile, one-week risk reversals have turned bearish upon the currency.
The push will after that be awaiting any added clarity upon the Bank of Englands thinking, having priced in an combined-rate hike in November. This weeks data will find the child support for investors considering the latest evidence of both how likely the bank is to tighten policy and whether it would be right to reach therefore, said Foley, subsequent to industrial production and habitat prices key.
"Weve had a number of warnings in the codicil that a rate hike was very attainable without help to see no engagement, said Standard Banks head of currency strategy Steven Barrow. "Another episode of this in coming months might not just set the pound since uphill but could with limit the extent that sterling can rise whenever the bank makes related warnings in the join up.
 
Read More:

  • 0



Also tagged with one or more of these keywords: Forex Market, Forex Signals, Forex Trading Signals, Forex News, Technical Analysis, Forex Market News, Forex Signals Service, Accurate Forex Signal, Forex Market Analysis, Forex