As for who is on a hot streak, NZDCHF has experienced upwards move in 9 of the prior ten trading days. By Leika Kihara and Yoshifumi Takemoto TOKYO – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out… BENGALURU – The Reserve Bank of India will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on https://www.investopedia.com/articles/forex/11/why-trade-forex.asp Nov. 1, it said on Monday,… By Tetsushi Kajimoto TOKYO -Japan spent a record $42.8 billion on currency intervention in October to prop up the yen, the finance ministry said, with investors keen for… NZD/USD Outlook Mired by Failure to Clear October Opening RangeNZD/US may struggle to retain the advance from earlier this month if the exchange rate fails to clear the October high (0.5814).

By Saqib Iqbal Ahmed NEW YORK -Investors are hesitant to bet on a sustained decline in the dollar, even after the U.S. currency suffered its sharpest pullback in about… USD/MXN Stuck in Horizontal Channel, Breakout Could Spark Next Big MoveThe USD/MXN Forex news has been trading inside a horizontal channel since the beginning of the month, but a powerful breakout could be just around the corner. Bitcoin is creating expectations that the market is preparing to go to the higher step after some respite.

Forex Market Insights From Tradingview

The crypto market has shown much more resilience to stock market distresses. The Bank of England unleashed its biggest interest-rate hike in 33 years as it warned that inflation is likely to peak around 11% in Q4. Biotechnology company Moderna, Inc. reported a profit for the third quarter that plunged 69 percent from last year, reflecting a drop in COVID-19 vaccines sales and higher operating expenses. Both earnings https://www.rslonline.com/cryptocurrency-broker-dotbig/ per share and revenues for the quarter missed analysts’ expectations. Volatility for gbpnzd has been contracting over the past two weeks relative to volatility over the past month. Currency PairMoving Average Period CrossedAUDNZD200USDHKD50 From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that USDTRY has perhaps the strongest trend.

ANKARA – Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting forex transactions with foreign banks during “off hours” and… A Guide Retail sales best DotBig experts is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies. Learn more about retail sales and how to trade this key economic data.

Market News

By Peter Nurse Investing.com – The U.S. dollar stabilized in early European trade Friday ahead of the release of key inflation data, while the Japanese yen edged lower after the… By Peter Nurse Investing.com – The U.S. dollar surged in early European trade Thursday after the Federal Reserve signaled it will raise interest rates higher than expected, while… FTSE 100 remains under pressure as investors look for clues on when rate hikes might ease. As UK stocks struggle to gain traction, psychological resistance firms.

• None of the blogs or other sources of information is to be considered as constituting a track record.
• Price Action Support and Resistance While price action presents a somewhat objective framework for traders to work with, identifying workable zones of support and resistance requires a bit of subjectivity.
• We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances.
• The pairs that made the biggest moves, on a percentage basis, over the past day were EURNOK, AUDNZD, and USDJPY.
• As UK stocks struggle to gain traction, psychological resistance firms.
• Or to simplify this another way, note that out of the past 10 days nzdchf’s price has gone up 9 them.

Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results. Canadian shares are likely to open with a https://www.rslonline.com/cryptocurrency-broker-dotbig/ negative gap on Thursday, tracking weak commodity prices and European markets, amid concerns about growth and tighter policy stance by global central banks. MOSCOW -The rouble strengthened on Friday, hovering between 61 and 62 to the dollar and showing limited reaction to the central bank’s decision to leave interest rates… By John McCrank NEW YORK -The yen fell more than 1% against the dollar on Friday after the Bank of Japan bucked the trend among other major central banks and stuck with…