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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. FOREXLIVE™ expressly disclaims any liability for any lost principal Forex or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results. I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis.
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By Ambar Warrick Investing.com– The People’s Bank of China injected a total of 175 billion yuan ($24.7 billion) into the banking system on Tuesday through reverse repo… By Anushka Trivedi MUMBAI -The Reserve Bank of India may have to resort to tried and tested measures to shore up its foreign exchange reserves, including encouraging… Government’s new package of unfunded tax cuts will most likely require higher interest rates, a top Bank of England official said on… By Yasin Ebrahim Investing.com https://forexbonus100.org/ – The pound steadied Tuesday after plunging to a record-low a day earlier, but the respite is likely to run out of steam as some doubt whether a… By Darya Korsunskaya MOSCOW – Russia estimates the new cut-off price for its budget rule that diverts excess oil revenues into its wealth fund at $62-$63 per barrel and… By Sinéad Carew and Alun John NEW YORK/LONDON – After tumbling earlier, sterling rallied against the dollar on Wednesday following the Bank of England’s purchase…
Whether it be US data surprising on the upside, the US administration showing no concern at all with the strong dollar, or new chapters in the energy war in Europe, it looks like … The outlook for the global economy has darkened and the world is at a point of significant economic danger, according to the World Economic Forums Chief Economists Outlook … While reporting financial results for the second quarter on Thursday, beleaguered home improvement retailer Bed Bath & Beyond, Inc. maintained its comparable sales guidance for the full-year 2022. Lower Canadian and U.S. futures and weak bullion prices point to a negative opening for Canadian shares on Thursday. The Commerce Department released its third estimate of U.S. economy activity in the second quarter on Thursday, showing the decrease in gross domestic product was unrevised from the previous estimate.
Others think the index might make its lows at 3,400 or 3,000 or even lower still. This forex is an important debate for every investor, even those who do not own US stocks.
- After having dropped toward $1,650 earlier in the day, gold staged a rebound and rose above $1,650.
- 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 cryptocurrencies and more.
- This leaves traders nervous to buy the dip in Gold as it moves to its lowest level since April 2020.
The third estimate of GDP released today is based on more complete source … By Ambar Warrick Investing.com– The Chinese yuan slumped to its weakest level since the 2008 financial crisis on Wednesday, as a flurry of hawkish comments from Federal Reserve… By Peter Nurse Investing.com – The safe-haven U.S. dollar soared to a new 20-year high in early European trading Wednesday, as more hawkish Fed speak and rising Treasury yields… By Peter Nurse Investing.com – The U.S. dollar resumed its seemingly Forex trading relentless march higher in early European trading Thursday, while sterling slumped as the relief rally… SHANGHAI -China’s yuan bounced on Thursday from a 14-year low against the dollar hit in the previous session, snapping eight straight days of losses, after the central… In this week’s edition, we discuss the dollar’s latest big gains following this week’s central bank meetings, among other things. After having dropped toward $1,650 earlier in the day, gold staged a rebound and rose above $1,650.
Stocks Erase Gains From Yesterday In Early Trading
By Joice Alves LONDON – Sterling and the euro fell on Thursday as Prime Minister Liz Truss defended her government tax-cutting budget, while relief at the Bank of… Major U.S. equity indices rallied as US Treasury yields and USD tumbled after the Bank of England announced an emergency plan to stabilize the bond market. Second time this week that bulls had an open door to run $SPX at the open and squeeze shorts into quarter-end both have failed buy the dip is losing the grip … Despite a rate hike by the BOE of 50bps, GBP/USD is near 37-year lows. Because the Fed hiked rates by 75bps yesterday and said that more rate hikes are on the way. Recession fears are causing both GBP/USD and EUR/USD to move lower. This leaves traders nervous to buy the dip in Gold as it moves to its lowest level since April 2020.
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We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. 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. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. MUMBAI – The Indian central bank likely sold dollars via state-run banks on Wednesday as rising Treasury yields and mounting risk aversion pushed the rupee to a record… And that has seen the yuan weaken to 7.2 against the US dollar, a level not seen since 2008.