After opening with a negative gap, Indian shares have climbed higher Monday morning, with several stocks, including index heavyweight Reliance Industries, moving up on strong buying interest. The short squeeze has surprised markets on many occasions. Learn more about what it is, its causes and the effects on traders. Learn the Basics Effective risk management is essential to maintaining control in forex trading. Whilst traders remain net-long the US dollar, around $7 billion of net-long exposure was unwound last week alone. The main focus of the week will be economic data, namely the European CPI, US Core PCE, and US Non-Farm Payrolls. The Japanese Yen looks to face a week stacked with U.S. centric data which could give USD/JPY traders some guidance as we head into December.
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 rose on Thursday, while the dollar retreated as relatively dovish signals from the Federal Reserve ramped up expectations… 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… 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.
ECB (Lagarde) and Fed (Williams) speakers coming up on Tuesday, 29 November 2022
BEIRUT -Lebanon’s central bank will adopt an exchange rate of 15,000 Lebanese pounds per U.S. dollar as of Feb. 1 as part of a process to unify the country’s multiple… MOSCOW – The Russian rouble strengthened on Friday, trading in a narrow range between 60 and 61 to the dollar as it has for much of the week, supported by exporters… DotBig By Peter Nurse Investing.com – The U.S. dollar traded higher in Europe early Monday, and the Chinese yuan slumped to a two-week low as protests against the Chinese… The Switzerland stock market ended slightly up on Friday after a choppy ride, as investors largely refrained from making significant moves amid a lack of fresh triggers.
Price is being squeezed with the apex of the triangle approaching, a breakout is imminent. Gold enjoyed its best day in 8-months following the US inflation report and shows the potential to extend it run. Japan, long known for their lack of inflation, has just seen consumer prices rise to their highest levels DotBig since 1982. The Riksbank meets on Thursday and the decision to raise by 75bps or 100bps could have implications for the next direction in EUR/SEK. In this week’s edition, we discuss the dollar, yuan and euro, and look forward to the week ahead. It’s all about inflation this week, US inflation specifically.
The US Dollar has gained some traction to start the week after a weekend that saw protests across China regarding their zero-case Covid-19 policy. It is widely believed the Mesopotamian shekel was the https://www.investopedia.com/articles/forex/11/why-trade-forex.asp first known form of physical currency. Since then, societies have used many different representations for currency including leather, fur, beads, copper and precious metals like gold and silver.
GBP/NZD Up 11 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; Pin Bar Pattern Appearing on Chart
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- Relative to other instruments in the forex asset class, nzdjpy ranked 13th the day prior in terms of percentage price change.
- Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
- In this week’s edition, we discuss the dollar, yuan and euro, and look forward to the week ahead.
- Weakness in Asian markets amid the growing unrest in China over the unprecedented COVID restrictions and the zero-Covid policy is likely to weigh.
The pairs that made the biggest moves, on a percentage basis, over the past day were USDSEK, USDNOK, and NZDUSD. Note that GBPCHF, NZDJPY, GBPJPY and ZARJPY made especially large and surprising moves over the past day. It is prohibited to use, store, reproduce, 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.
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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 … Nigeria on Wednesday launched newly designed currency notes, a move that the West African nations central bank says will help curb inflation and money laundering.
As for who is on a hot streak, NZDCAD, GBPCAD, AUDCAD and NZDJPY have experienced upwards move in 8, 9, 8 and 8 of the prior ten trading days. NEW YORK – The U.S. dollar’s net positioning turned net short in the latest week for the first time since mid-July 2021, according to calculations by Reuters and U.S…. 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… https://dotbig.com/ By Harry Robertson LONDON – The pound rose on Tuesday after falling in the previous session, as the dollar retreated following three days of gains. By Saqib Iqbal Ahmed NEW YORK – The dollar retreated across the board on Tuesday, ceding some of the ground gained in the previous session, as investors looked past… MOSCOW – The Russian rouble strengthened on Wednesday ahead of three OFZ treasury bond auctions by the finance ministry, as the market awaited information on a price cap…
What is a Short Squeeze and How to Trade It?
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 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… 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…
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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 puts EUR/USD into focus for today’s session. In this week’s edition, we discuss the dollar, EUR/USD, gold and the Russell index. 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. Forex trading involves significant risk of loss and is not suitable for all investors.
Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down. 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 DotBig 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…