Forex And Currency News

In this week’s edition, we are getting technical on the Nasdaq, WTI, gold and USD/CNH. Gold has turned positive on the day above $1,660 after having edged lower in the early European session.

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By Gertrude Chavez-Dreyfuss NEW YORK – Sterling rose sharply in volatile trading on Thursday, rallying from record lows hit on Monday, after the Bank of England… KUALA LUMPUR – The weakening Malaysian ringgit, which is at its lowest since 1998, was not a reflection of the state of the nation’s economy, its central bank governor… 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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Markets will be waiting on pin and needles this week to see which central bank may be the next to intervene. Bitcoin price seems to be consolidating and forecasts a tiny rally as it approaches the lower limit of the ongoing range tightening. This development could see altcoins, including Ethereum and Ripple, trigger a quick run-up as well. Forex today was a better https://www.phoneswiki.com/dotbig-ltd-review/ place for the commodity complex following a risk on session in Asia where Shanghai shares were up 2.7 pct making for the biggest gain since May 2016 and the CSI300 gained 2.92 pct, . By Harry Robertson LONDON -Sterling fell more than 1% against the dollar and euro on Wednesday after the Bank of England said it would step in to calm the UK’s frenzied…

European stocks declined on Monday and bond yields rose as last week’s red-hot inflation data stoked expectations of aggressive interest rate hikes by the European Central DotBig overview Bank. I spent 20 years as an institutional currency broker, working at some of the best broking houses in the world and traded in Cash, Bonds, and Forward Rate Agreements.

Sensex, Nifty Retreat On Weak Global Cues, Oil Price Rally

By Alexander Marrow MOSCOW -The rouble weakened on Friday, giving up huge gains that had seen it soar to an eight-year high against the euro, as investors slashed foreign… By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the second quarter, with the…

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… Forex news 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…