Forex Market News & Fx Forecast

Over the past hour, USDMXN has been an especially big mover in the forex market, rallying 348 pips (0.18%). Intraday trend traders may wish to note that NZDJPY has the strongest trend on the hourly timeframe over the last 20 price bars. Finally, EURAUD‘s 100 hour moving average has just been breached.

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As for who is on a hot streak, NZDCHF has experienced upwards move in 9 of the prior ten trading days. 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 DotBig review providing the data contained in this website. TOKYO – Japanese Prime Minister Fumio Kishida said on Friday the government is ready to take appropriate action against excessive volatility in the currency market. By Leika Kihara and Yoshifumi Takemoto TOKYO – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out…

Canadian Market Down Marginally At Noon In Cautious Trade

SEOUL – South Korea’s foreign exchange reserves shrank for a third consecutive month in October, although by a relatively small amount, partly due to efforts of taming… By Ambar Warrick– Most Asian currencies fell on Thursday as hawkish comments from the Federal Reserve showed that U.S. interest rates are likely to remain elevated… While reporting financial results for the third quarter on Thursday, Arrow Electronics, Inc. provided earnings, adjusted earnings and total sales guidance for the fourth quarter.

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. The Bank of England delivered the biggest interest rate hike in 33 years on Thursday, joining its global peers in aggressive tightening to bring inflation down from double-digits, even as the U.K. The nine-member Monetary Policy Committee decided to raise the bank rate by 75 basis points to 3.00 percent from 2.25 percent.

Boe’s Bailey: Bank Rate May Have To Go Up Further But Less Than Markets Expect

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  • By Tetsushi Kajimoto and Leika Kihara TOKYO -Japan’s currency interventions have been stealth operations in order to maximise the effects of its forays into the market,…
  • Price bases often precede increases in volatility and a clear trend.

Note that NZDCAD, USDHKD and ZARJPY made especially large and surprising moves over the past day. By Peter Nurse – 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 Ambar Warrick– Most Asian Forex currencies moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while… By Peter Nurse – The U.S. dollar surged in early European trade Thursday after the Federal Reserve signaled it will raise interest rates higher than expected, while…

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