forex for beginners
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NZD/USD flat-lines above mid-0.5900s, eyes US NFP for fresh directional impetus
The NZD/USD pair attracts some intraday sellers on Friday, albeit manages to defend the 200-hour Simple Moving Average (SMA) and recover a few pips fr
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USD Index treads water around 103.60 ahead of key US data
The USD Index (DXY), which tracks the greenback vs. a bundle of its main rival currencies, trades within a narrow range around 103.60 at the end of th
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Switzerland SVME - Purchasing Managers' Index below forecasts (40) in August: Actual (39.9)
Switzerland SVME - Purchasing Managers' Index below forecasts (40) in August: Actual (39.9)
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Silver Price Analysis: XAG/USD looks to consolidate above $24.50 ahead of US NFP
XAG/USD snaps the two-day losing streak, trading higher around $24.50 during the early trading hours in the European session on Friday. The pair is ex
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FX option expiries for Sept 1 NY cut
FX option expiries for Sept 1 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0700 454m 1.0725 1.5b 1.0750 1.9b 1
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Spain HCOB Manufacturing PMI registered at 46.5, below expectations (48.8) in August
Spain HCOB Manufacturing PMI registered at 46.5, below expectations (48.8) in August
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Natural Gas Futures: Rebound seems likely near term
Considering advanced prints from CME Group for natural gas futures markets, open interest shrank for the second consecutive session on Thursday, now b
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Market Wiped out Tuesday’s Gains; Down-Trend Asserted in BTC
Market picture The crypto market lost 3.5% in 24 hours, again falling below $1.05 trillion. The formal start of the sell-off was the news that the...
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Canadian Dollar Eyes GDP, US Jobs Data
Canada’s GDP expected to ease in Q2 US nonfarm employment payrolls expected to dip to 177,000 The Canadian dollar is calm in the European session,...
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Dollar Index: Dollar Steady but in Quiet Mode ahead of US NFP Report
The dollar index steadies on Friday morning following 0.5% advance on Thursday, but range narrows ahead of key release today – US NFP report....
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Gold Price and Crude Oil Price Turn Green
Gold price is showing positive signs above the $1,925 pivot level. Crude oil price is rising and it could climb further higher toward the $85...
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NZDUSD Trapped Below Key Average
NZDUSD staged a nice rebound up to 0.6000 at the start of the week, but the 20-day simple moving average (SMA) proved a heavy obstacle ahead of...
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USDCAD Pulls Back from 3-month Peak
USDCAD had been stuck in a steep uptrend after finding its feet at the 11-month low of 1.3091 in mid-July. However, the pair has been undergoing a...
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Except in Case of Unexpectedly Weak US data, Dollar Again Might Be Better Protected
Markets (ECB) speak rather than data was the most important driver for trading yesterday, especially on European markets. ECB’s Schnabel, seen as...
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GBPJPY Should Extend Lower in Zigzag Correction
Short Term Elliott Wave view in GBPJPY suggests the rally to 186.75 ended wave 1. Pullback in wave 2 is currently in progress as a zigzag Elliott...
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Jobs Day
August ended on a downbeat note for the S&P500 and on an upbeat note for the US dollar as, even though the Federal Reserve’s (Fed) favourite...
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China Steps Up Stimulus
Market movers today It is non-farm payroll day and markets are geared up for a soft number after disappointing labour market data this week from...
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RBA Board on Hold Next Week – Next Move Will Be Down
The Reserve Bank Board meets next week on September 5. We are confident that the Board will decide to keep rates on hold at the meeting. Following...
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Cliff Notes: Consumer Incomes Remain Under Pressure from Cost of Living
Key insights from the week that was. Beginning in Australia, the July Monthly CPI Indicator provided further confirmation of the deceleration in...
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USD/JPY Eyes Fresh Increase Above 147.00
Key Highlights USD/JPY is consolidating above the 145.50 support. A key bullish trend line is forming with support near 145.50 on the 4-hour...
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UK PMI manufacturing finalized at 43, deepening downturn
UK PMI Manufacturing was finalized at 43.0 in August, down from 45.3 in July. This marks the lowest level since May 2020, underscoring the frailty...
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Eurozone PMI manufacturing finalized at 43.5, glimmers of hope despite persistent weakness
Eurozone PMI Manufacturing was finalized at 43.5, marking a slight uptick from July’s 38-month low of 42.7. Country-level readings reveal...
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Swiss CPI up 0.2% mom in Aug, unchanged at 1.6% yoy
Swiss CPI rose 0.2% mom in August, matched expectations. Core CPI (excluding fresh and seasonal products, energy and fuel) rose 0.1% mom. Domestic...
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Downside risks for NFP, yet market impact may be fleeting
Today, the financial markets are keenly focused on US Non-Farm Payrolls data, which is expected to show growth of 170k jobs in August. While...
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Yuan spikes higher as PBoC slashes FX RRR, but move quickly undone
Chinese Yuan saw a sharp uptick after PBoC announced a substantial 200 bps cut in foreign exchange reserve requirement ratio to 4% from 6%,...