forex for beginners
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Exponent of Broadbased Dollar Weakness is USD/JPYMarkets The US Treasury’s $16bn 20-yr Bond auction stopped a full bp though the 1:00 PM bid side and provided a new boost to the Treasury...
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Gold Technical: Potential Multi-Week Bullish Movement KickstartsSpot Gold (XAU/USD) minor corrective pull-back of -3.8% from the 27 October 2023 high to 13 November 2023 low may have ended. Potential start...
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Gold (XAUUSD) Elliott Wave Impulse Breakout In ProgressRally from 9.28.2022 low is currently in progress as a 5 waves Elliott Wave impulse structure. Up from 9.28.2022 low, wave (1) ended at...
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Fasten Your Seatbelts: Nvidia ReportsThe US bonds extended their rally after a relatively strong US 20-year bond auction. The US 20-year yield tanked to 4.70% from 5.40% back in...
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More Central Bank Thoughts TodayMarket movers today Today we have only tier-2 data. US existing home sales are expected to fall a bit further from an already low level as...
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RBA Minutes November 2023: It’s Mostly About MindsetThe RBA minutes contained little new information given recent publications and speeches. Inflation is not coming down as fast as the RBA would...
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EUR/USD Regains Strength As Dollar Starts Downside CorrectionKey Highlights EUR/USD rallied above the 1.0880 and 1.0920 levels. A connecting bullish trend line is forming with support near 1.0810 on the...
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Fed Minutes in the Spotlight as Dollar Skids on Growing Rate Cut BetsFOMC minutes likely to be seen as out-of-date following recent soft data But hawkish surprise can still jolt markets as Fed rate cut bets seem...
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BoE’s Bailey highlights market misjudgment on inflation persistenceDuring today’s Treasury Committee hearing, BoE Governor Andrew Bailey expressed concern that the markets might be overly focused on...
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RBA minutes indicate inflation control at forefrontRBA meeting minutes from November 7 reveal a decisive step in monetary policy adjustment, with a 25bps increase in cash rate to 4.35%. This...
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RBA’s Bullock: Australian economy faces prolonged inflation challengeRBA Governor Michele Bullock, speaking at the Australian Securities and Investments Commission Annual Forum, emphasized the persistent...
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New Zealand’s trade deficit narrows, led by reduced exports and imports to ChinaNew Zealand’s trade figures for October have shown significant decrease in both goods exports and imports, leading to a narrowed monthly...
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BoE’s Bailey cautions against premature rate cut expectationsBoE Governor Andrew Bailey, in his remarks at an event overnight, has strongly indicated that the central bank is not yet in a position to...
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Fed’s Barkin: Inflation settling but job not doneRichmond Fed President Thomas Barkin, in an interview with Fox Business overnight, noted the positive aspects of the current economic...
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Surging Yen and Yuan in Spotlight ahead of FOMC Minutes and Canada’s CPIJapanese Yen’s rally continued in today’s Asian session, breaking through 148 mark against Dollar. This rise raises questions...
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AUD traders - heads up, Reserve Bank of Australia Governor Bullock speaking tomorrow alsoComing up on Wednesday 22 November at 7.35pm Sydney time (0835 GMT and 0235 US Eastern time) Speech by Michele Bullock, Governor topic is: A...
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AUD bid on Bullock, RBA minutes, Chinese yuan strengthReserve Bank of Australia Governor Bullock spoke earlier: RBA Governor Bullock says the Bank is increasingly optimistic about the labour market...
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Australian dollar jumps after strong reference rate setting for onshore yuan (CNY)A very strong yuan setting today: PBOC sets USD/ CNY central rate at 7.1406 (vs. estimate at 7.1677) AUD catching a wee bid: AUD/USD back...
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PBOC sets USD/ CNY central rate at 7.1406 (vs. estimate at 7.1677)The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted...
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RBA minutes show intense focus on inflation and inflation expectations risksReserve Bank of Australia November meeting minutes, Headlines via Reuters: Considered case for raising rates or holding steady Board saw...
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PBOC is expected to set the USD/CNY reference rate at 7.1677 – Reuters estimatePeople's Bank of China USD/CNY reference rate is due around 0115 GMT. The People's Bank of China (PBOC), China's central bank, is responsible for...
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China's smartphone exports decline amid shrinking global demand, relocation of productionChina’s smartphone exports fell 6.4% in the January to October period from a year earlier. exported 642 million smartphones in the 10 months...
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USD/JPY extending lower towards 148.00More USD weakness, and JPY strength, again during the session here after Monday USD/JPY dropped 149. Apart from what has been posted there is no...
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Crude oil - United Arab Emirates will increase its output target from JanuaryThe United Arab Emirates will increase its output target to 3.075 million barrels a day in January, or about 135,000 barrels a day more than it...
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China authorities curate funding list for property developers amidst growing default risksAn ICYMI of reports that Chinese authorities are drafting a list of 50 real estate developers eligible for a range of funding. Bloomberg had the...
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What is Foreign Invested Enterprise (FIE) ?What is Foreign Invested Enterprise (FIE) ? Have you heard of Foreign Invested Enterprise concept for global businesses ? This...
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Dash 2 Trade (D2T/USD) Reaches $0.0048 Resistance Again; Bull Market Appears Strong in Overcoming ResistanceGet the 7 Step Checklist Johnathon Fox Uses to Find Every High Probability Price Action Trade On November 19, a resistance level was established...