We also saw weakness in the USD as traders are starting to take March interest rate hikes off the table. So nod goes to the buyers at least as long as the price remains north of the area. That did not materialize. This is nothing new so the market reaction was muted. Then we would love to hear from you!
Yen selling and pound demand have been the main features of a session that hasn't broken any key levels but provided opportunity nonetheless. ICYMI Forexlive Americas forex news wrap: The leaker is found. Very narrow ranges for currencies vs. Most of the session was spent looking for narratives to explain why nothing was happening. Sure, its FOMC Minutes day in the US today, is that a reason for this torpor? Waiting on the Trump-Xi meeting on Thursday and Friday?
Does Asia even need a reason? EUR, CHF, GBP, AUD, NZD are all little net forex wrap up against the big dollar having traced out only small ranges. Softer than expected UK construction PMI made little forex wrap up and we saw some short covering from a market oversold intra-day. We provide real-time forex news and analysis at the highest level while making it accessible for less-experienced traders.
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Looking for a new forex broker? Session Wraps - Major Forex Headlines wrapped up by trading session. Forexlive European FX news wrap: Yen sellers return underpinning core pairs but ranging still. AUD and NZD have both had the morning off by and large. Ranging still but some intra-day pips day trading emini strategy be had at least. View Full Article with Comments. ForexLive Asia FX news: Lacker leaker, Asia yawns.
Fresh news and data flow was light. Forexlive Americas forex news wrap: The leaker is found. The news does not materially effect the current FOMC - Lacker is a non-voting member on the board this year and he was to resign later in the year. However, it is a black eye to the Fed and that may have an impact on the rope given the Fed to operate. You also wonder why it took so long to uncover the culprit. BTW Lackers lawyer has stated that his client will not be facing any criminal charges as a result of his transgressions.
In understanding forex trading news today, the US trade numbers came out with a lower than expected deficit. Any deficit is of interest to Trump and his advisors, in particular Commerce Secretary Wilbur Ross. How friendly will Trump be? What will China's response be? In trading action today, the US dollar gained against the NZD, AUD and GBP, but was little changed at the end of the day against the other major currencies.
That is how things ended. For the first part of the day the JPY pairs were lower higher JPY on the back of fears about stocks and perhaps a continuation of a further deterioration of the US stocks. That did not materialize. Technical also played a role in the recovery of the JPY pairs. There was a modest recovery that has seen the price move back into and even above the aforementioned area. Forex wrap up the NY afternoon session, the price could not correct back below that area.
So nod goes to the buyers at least as long as the price remains north of the area. The GBPJPY is another pair that has seen a corrective move higher albeit marginally. Staying above is more bullish. Moving below in the new trading day is more bearish going forward. At some point there should be some attempt to extend the weeks very narrow trading range. On Monday, the GBPUSD forex wrap up on the back of some weaker ISM data. Forexlive European FX news wrap: Core pairs under pressure as yen demand continues.
Data coming up sees US factory goods and Canadian trade balance reports. Dollar mixed on quarter end day. Connect with forexlive via:. Premier forex trading news site.
Weekly Forex Wrap up, February 20 - February 24, 2017 - Two Blokes Trading
Forex Wrap Up: A crude pullback could launch USD/CAD to FXStreet Follow Following. Live Analysis Room's Anchor comments that the GBP/USD is showing.
THey want that guaranteed money. forex live wrap up While algos do not feel fear, their software logics might often be such that a network of algos interacting could.
Mar 29, 2014 · Go to: oparty.ru if you're ready to get serious with your forex trading! Forex Wrap Up: Market Scoreboard & the Forex Week Ahead!.