Lower SGX Nifty points to a negative start for Indian shares on Monday. Weakness in Asian markets amid the growing unrest in China over the unprecedented COVID restrictions and the zero-Covid policy is likely to weigh. A combination of data including GDP, inflation and a sentiment report from the US and Europe https://www.forbes.com/advisor/investing/what-is-forex-trading/ puts EUR/USD into focus for today’s session. Whilst traders remain net-long the US dollar, around $7 billion of net-long exposure was unwound last week alone. With the German PPI on Monday and economic data due out of the EU and US this week, along with the FOMC Minutes, EUR/USD could be quite volatile.
The surging Covid caseload and the widespread protests in China dampened investor sentiment in most of the Asian markets. A holiday-shortened week saw some impressive moves across a range of financial markets, buoyed by a slightly less hawkish FOMC. If you wish to contact a specific medical detox center then find a specific treatment center using our addiction treatment locator tool.
Forex news and analysis
By Peter Nurse Investing.com – The U.S. dollar weakened in early European trade Wednesday, retreating ahead of the release of the minutes from the latest Federal Reserve meeting… NEW YORK – The U.S. dollar extended its losses against the euro and the yen on Wednesday, after minutes released from the Federal Reserve’s November meeting showed a… Keep track of the latest currency market moves as they develop.
Since then, societies have used many different representations for currency including leather, fur, beads, copper and precious metals like gold and silver. The first paper banknotes were used in China during the Tang and Song dynasties beginning in the 7th century. All breaking news is rated high , medium , or low depending on the how much it impacted the market. Breaking news is defined as new information that has market-moving potential. It is prohibited to use, store, reproduce, https://dotbigbroker.com/ display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. By Ambar Warrick Investing.com– Most Asian currencies rose slightly on Tuesday as they recovered from sharp declines in recent sessions, although hawkish comments from some…
FOMC Minutes show Fed hiking rates at a slower pace
The Canadian market ended modestly higher on Friday after another lackluster session as investors once again refrained from making significant moves amid a lack of triggers. Despite fears of inflation, consumers spent $9.12 billion for online shopping during Black Friday, higher than in previous years, as per a report published by Adobe Analytics. During the 2022 holiday season, total estimated revenues are $209.7 billion, a growth of 2.5 percent from last year’s recorded revenues of $205 billion. US Dollar bears may be looking for higher levels to sell, while EUR/USD bulls may be looking for better levels to buy. US equities have rallied after weak US PMI’s raised prospects of a softer Fed narrative.
- Following last weeks reaction to the private sector PMIs and business and consumer sentiment numbers, monetary policy will remain a focal point today.
- EUR/USD Bullish Continuation Potential Above 1.035EUR/USD is eagerly approaching another key zone of resistance as a combination of USD weakness and a break of 1.035 has allowed the major currency pair to hold onto recent gains.
- Treasury yields increased and investors eyed hawkish comments from Federal…
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- In this week’s edition, we discuss the dollar, yuan and euro, and look forward to the week ahead.
By Rae Wee and Harry Robertson SINGAPORE/LONDON – The dollar weakened on Monday as investors weighed up the recent drop in U.S. government bond yields, while… Despite opening on a weak note following a negative lead from Asian markets, Indian shares recovered swiftly and moved higher on Monday thanks to sustained buying at several frontline counters, including Reliance Industries. GBP/USD Breakout Nears as Highs and Lows CompressGBP/USD is setting up for an apex breakout as price action continues to narrow. EUR/JPY Breaks Horizontal Resistance, broker DotBig Eyeing Triangle BreakoutThe pair is at an interesting point at present with price action giving mixed signals. Price is being squeezed with the apex of the triangle approaching, a breakout is imminent. EUR/USD Bullish Continuation Potential Above 1.035EUR/USD is eagerly approaching another key zone of resistance as a combination of USD weakness and a break of 1.035 has allowed the major currency pair to hold onto recent gains. Gold enjoyed its best day in 8-months following the US inflation report and shows the potential to extend it run.
EUR/USD consolidates ahead of GDP, ZEW and inflation data
Price action was mixed between the majors, with CHF taking the top spot due to a slight risk-off lean, and CAD falling to last as oil prices tanked. With not a lot of data on tap, traders could continue to trade the possibility of a Fed slowdown. Find the approximate amount of currency units to buy or sell so you can control your maximum risk per position.
Stay up-to-date on breaking forex news as well as relevant financial developments. The German stock market benchmark DAX dropped close to 1 percent on Monday, as investors worldwide reacted to the unprecedented protests in China against the strict Covid curbs. The short squeeze has surprised markets on many occasions.
Daily Forex News and Watchlist: EUR/USD
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The greenback made some of its biggest early gains against the currencies of Australia and South Africa, both of which are exposed to trade with China. European stock markets are likely to open negative on Monday tracking losses in Asian peers. China’s surging Covid caseload and widespread protests against the strict restrictions dampened investor sentiment in most of the Asian markets. Clients and prospects are advised to carefully consider broker DotBig the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice.
It is a quiet start to the week for the EUR/USD on the economic calendar. There are no economic indicators from the Eurozone for investors to consider. Following last weeks reaction to the private sector PMIs and business and consumer sentiment numbers, monetary policy will remain a focal point today. Last Thursday, the ECB monetary policy meeting minutes … Fibonacci for a Multi-Market Trader’s Approach Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.
Dollar gains chipped away to start the session
By Sinéad Carew and Gertrude Chavez-Dreyfuss NEW YORK – The dollar rose on Thursday as U.S. Treasury yields increased and investors eyed hawkish comments from Federal… By Ambar Warrick Investing.com– Most Asian currencies slumped on Monday, with the yuan hit especially hard as China logged a record jump in daily COVID cases, while the dollar… By Saqib Iqbal Ahmed NEW YORK – The U.S. dollar rose against most major currencies on Monday, recouping recent losses, as fresh COVID-19 curbs in China fuelled worries… By Ambar Warrick Investing.com– Most Asian currencies moved little on Wednesday as rising COVID-19 cases in China and the introduction of new curbs weighed on sentiment, while… By Saqib Iqbal Ahmed and John McCrank NEW YORK – The U.S. dollar fell across the board on Wednesday, after minutes from the Federal Reserve’s November meeting showed… By Ambar Warrick Investing.com– Most Asian currencies fell on Friday as concerns over worsening COVID-19 conditions in China dented sentiment, although several regional units…