Tag: Forex Live
New Zealand dollar falls to three-day low as the mood worsens
The New Zealand dollar is down 20 pips in early trading and is testing a series of lows around 0.5650.The signals coming out of...
USDCAD trades above and below its converged 100/200 hour moving averages
The USDCAD is a chopping up and down with the 100/200 hour moving averages converged near 1.3774 (see blue and green lines in...
BOJ’s Adachi: Monetary policy does not directly contribute to FX moves
I mean, really? Nothing contributes more to FX than monetary policy. It couldn't be more direct unless it was the BOJ itself buying and...
US plans to signal replenishing the SPR at $67-72 per barrel
Reuters is reporting that the US will signal a willingness (plan?) to replienish the strategic petroleum reserve in the $67-72 range. The idea is...
US stocks open with solid gains. Dow industrial average up 600 points. NASDAQ up 2.64%.
The major US indices are up for the 2nd consecutive day. Yesterday, the NASDAQ index soared by 3.43%. The S&P index increase by...
Westpac are forecasting a 75bp Reserve Bank of New Zealand rate hike on November 23
High risk warning:
Foreign exchange trading carries a...
Japan finance minister Suzuki says cannot tolerate excessive FX move driven by speculators
Japan finance minister Suzuki with some verbal JPY intervention. cannot tolerate excessive fx moves driven by speculatorsclosely watching the fx market with a...
USDCAD moves below 100/200 hour MAs as risk on flows dominate early NA trading
The "risk on" sentiment is helping to push the USDCAD lower. The major US indices have now erased their Friday declines. The Dow industrial...
The key takeaways from Chinese President Xi Jinping’s speech at the party congress
Chinese President Xi Jinping gave his speech opening the 20th Communist Party congress in Beijing on Sunday.I posted this earlier:Reuters have a summary piece...
China’s Xi speech flagged no change to COVID-ZERO policy, no relief for property slump
Chinese President Xi Jinping gave his speech opening the 20th Communist Party congress in Beijing on Sunday.Bloomberg's summary provides no relief for those looking...
Bank of England Gov Bailey says the next interest rate hike could be higher than expected
The BoE is due to announce its next decision on interest rates on November 3. Governor Bailey was speaking at an International Monetary Fund...
Bias. Risk. Targets. Why. Intrigued? The weekend forex trading video.
What is the bias?What is the risk?What are the targets?All of those help determine the "why" for your trades including getting in and getting...
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