{"id":6410,"date":"2021-09-02T20:02:43","date_gmt":"2021-09-02T18:02:43","guid":{"rendered":"https:\/\/nubis.cloud\/?p=6410"},"modified":"2022-11-29T06:49:26","modified_gmt":"2022-11-29T05:49:26","slug":"latest-news-on-forex","status":"publish","type":"post","link":"https:\/\/nubis.cloud\/?p=6410","title":{"rendered":"Latest News on Forex"},"content":{"rendered":"

EUR\/USD remains pressured around 1.0380, after beginning the week\u2019s trading with a downside gap, as the risk-off mood underpins the US Dollar\u2019s demand… It shows the performance of the retail sector over the short and mid-term. Positive economic growth anticipates bullish trends https:\/\/osoblanco.org\/dotbig-ltd-forex-broker-review-useful-information\/<\/a> for the AUD, while a low reading is seen as negative or bearish. Given the recently mixed Aussie data and the Reserve Bank of Australia\u2019s cautious mood, not to forget the challenges to sentiment from China, today\u2019s Aussie Retail Sales appear the key for the AUD\/USD traders.<\/p>\n

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Finally, New York Fed President John Williams will speak at an event organized by the Economic Club of New York. Economists at TD Securities view https:\/\/osoblanco.org\/dotbig-ltd-forex-broker-review-useful-information\/<\/a> risks to the inflation outlook as skewed to the downside. But the Bank of England could deliver further rate hikes until a terminal rate of 4.25%.<\/p>\n

How could it affect AUD\/USD?<\/h2>\n

The 10-year US Treasury yields are still below 3.70% as the Federal Reserve is looking to halt the bigger rate hike culture to reduce financial risks and to observe the progress made by efforts from Fed policymakers till now. It\u2019s worth noting that the downbeat performance Forex<\/a> of the US Treasury yields also weighs on the AUD\/JPY prices. As per the latest readings, the benchmark US 10-year Treasury yields dropped two basis points to 3.68%. In doing so, the key bond coupons remain pressured after declining in the last three weeks.<\/p>\n

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These can be used by traders as a sort of DotBig broker<\/a> trading signal, as it can help to predict where the price of the currency is headed. News related to market sentiment can also influence currency trading, particularly those considered to be safe havens, including the commodity gold, as well as major currencies USD, JPY and CHF.<\/p>\n

Fed\u00a0chair Jerome Powell\u2019s speech to ease obscurity over 75 bps rate hike spell<\/h3>\n

The economy recorded the highest number of Covid-19 cases on November 26 at around 40,000. The general public is flaring red flags for the government, shouting slogans of \u2018Xi Jinping goes down and demanding democracy against dictatorship. Should Mr. Powell hesitate in conveying his routine hawkish comments, as well as the US jobs report ease, the Gold price may witness recovery.<\/p>\n