forex for beginners
-
Oil price declines on fears debt-ceiling deal could be derailed
Oil price slides lower on Tuesday as investors question whether the debt-ceiling deal will get voted into law. At least two rebel Republicans and one
-
WTI plunges over 4% as debt-ceiling concerns and mixed messages from producers weigh
Western Texas Intermediate (WTI), the US crude oil benchmark plummets for the second straight day by more than 4%, spurred by woes about whether the U
-
EUR/USD rebounds as Eurozone inflation cools, US consumer confidence drops
EUR/USD snaps five straight days of losses, rising some 0.30% in the North American session after a tranche of Eurozone (EU) economic data showed that
-
Another robust NFP report would encourage a stronger USD in the near-term – MUFG
Economists at MUFG Bank expect a strong Nonfarm Payrolls report on Friday to provide further support to the greenback. Focus to switch to health of US
-
United States Dallas Fed Manufacturing Business Index came in at -29.1, below expectations (-19.6) in May
United States Dallas Fed Manufacturing Business Index came in at -29.1, below expectations (-19.6) in May
-
USD Index: Soft close would imply a peak in the short run at least and greater downside risk – Scotiabank
The USD is trading lower. Economists at Scotiabank analyze US Dollar Index (DXY) technical outlook. DXY is breaking below rising trend support that ha
-
Gold Price Forecast: XAU/USD extends rebounds from two-month low, hits fresh highs above $1,960
Gold price is rising considerably on Tuesday, supported by a decline in government bond yields. XAU/USD hit a fresh daily high at $1,962 before pullin
-
US: CB Consumer Confidence Index declines to 102.3 in May from 103.7 in April
Consumer sentiment in the US weakened slightly in May with the Conference Board's Consumer Confidence Index edging lower to 102.3 from 103.7 in April
-
EUR/USD to rise towards 1.09-1.10, USD/JPY to fall towards 133-134 over next three months – Standard Chartered
Economists at Standard Chartered expect the US Dollar to weaken against the Euro and the Japanese Yen. Pressure on BoJ to scrap policy unlikely to go
-
EUR/GBP drops to new 2023 lows around 0.8630
Further strength in the British pound dragged EUR/GBP to new YTD lows in the 0.8630/25 band on Tuesday. EUR/GBP weaker on GBP-buying EUR/GBP retreats
-
NZD/USD struggles to capitalize on modest intraday recovery from multi-month low
The NZD/USD pair stages a goodish intraday bounce from the 0.6025 area, or its lowest level since November 2022 touched this Tuesday and touches a fre
-
USD/CAD: There is not really much evidence of a reversal in intraday/daily chart patterns – Scotiabank
Loonie makes marginal headway after the 1.3660 test. Economists at Scotiabank analyze USD/CAD technical picture. Break below 1.3560 should see losses
-
Tesla Stock News: TSLA breaks above $200 as Elon Musk visits China
Tesla (TSLA) stock has overcome a major psychological barrier to start the week with shares overcoming the $200 level early Tuesday. A number of tailw
-
US: Housing Price Index rises 0.6% in March vs. 0.2% expected
House prices in the US rose by 0.6% on a monthly basis in March, the monthly data published by the US Federal Housing Finance Agency showed on Tuesday
-
EUR/USD: Gains could extend a bit more towards 1.0775/1.0825 – Scotiabank
Economists at Scotiabank analyze EUR/USD technical outlook. Technicals look favourable “Intraday trading patterns are positive for the EUR.” “Spot’s s
-
United States Housing Price Index (MoM) above expectations (0.2%) in March: Actual (0.6%)
United States Housing Price Index (MoM) above expectations (0.2%) in March: Actual (0.6%)
-
United States S&P/Case-Shiller Home Price Indices (YoY) came in at -1.1%, above expectations (-1.6%) in March
United States S&P/Case-Shiller Home Price Indices (YoY) came in at -1.1%, above expectations (-1.6%) in March
-
USD/CAD flat-lines below 1.3600 mark as sliding Oil prices offset modest USD weakness
The USD/CAD pair attracts some intraday selling on Tuesday and drops to a four-day low during the early North American session. Spot prices, however,
-
Dollar Turns to US Employment Report for More Fuel
The US dollar has been firing on all cylinders lately, capitalizing on bets that the Fed will raise rates one final time this summer. Yet, Fed...
-
Could a Strong Inflation Print Reignite Hawkish RBA Expectations?
A week before the monthly RBA meeting and the aussie is trying to recover some of its recent losses. For this tendency to accelerate, it needs a...
-
Euro Touches 9 Week Low, German CPI Next
Spain’s CPI eases in May German CPI to be released on Wednesday Debt ceiling likely to be approved in Congress EUR/USD has edged higher on...
-
WTI Oil: Oil Price Tumbles on Fading Risk Sentiment
Oil fell sharply on Tuesday, losing almost 4% until early US session, as risk sentiment soured on fresh concerns about the US debt ceiling deal,...
-
US consumer confidence fell to 102.3, employment saw most significant deterioration
US Conference Board Consumer Confidence dropped from 103.7 to 102.3 in May, but beat expectation of 99.1. Present Situation Index fell from 151.8...
-
Sterling Jumps Broadly While Dollar Retreats as Month-End Trading Sets in
Dollar appears to be taking a breather, experiencing a broad decline in month-end trading as it reverses some of its recent gains. The initial...
-
GBPUSD breaks (and stays) above 200 hour MA today
The GBPUSD is surging to the upside in trading today, and in the process has seen the price extend above its 200-hour moving average at 1.23905....