Author: FX

There is just one to take note of, as highlighted in bold.That being for USD/JPY at the 148.00 mark. However, it isn’t a level which holds much technical significance at the moment although there might be some bids lined up there on the day. As such, it could help to keep price action above the figure level in the session ahead at least. That is so long as the bond market also continues to play ball as it is doing at the moment.Besides that, the expiries board seems a little thin this week with only a bunch for USD/CAD coming…

GBP/USD is retesting a range support that’s been around for weeks. Is the pair ready for a breakout? Or will it stay within its range for a bit longer? We’re taking a closer look at the 4-hour chart: GBP/USD 4-hour Forex Chart by TradingView In case you missed it, Friday’s better-than-expected U.S. NFP reports pushed the U.S. dollar against major counterparts like the British pound. GBP/USD, in particular, dropped like a rock and hit the 1.2600 psychological handle right before the week’s end. Will the pair bounce from its current levels? Take note that GBP/USD opened the week with a…

Who’s in for another central bank statement, plus a couple more jobs reports? Brace yourselves for yet another potentially volatile week, fellas! The Reserve Bank of Australia (RBA) has its interest rate decision lined up, followed by quarterly employment data from New Zealand and Canada’s January jobs figures. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

Share: Australian Dollar weakened as the US Dollar surged on solid Nonfarm Payrolls. Australia’s Trade Balance reduced to 10,959M in January from 11,764M prior. Chinese Services PMI reduced to 52.7 in January from the previous reading of 52.9. RBA is expected to keep the cash rate steady at 4.35% at Tuesday’s meeting. US NFP added 353K jobs in January against the market consensus of 180K. The Australian Dollar (AUD) faces selling pressure on Monday due to the blockbuster job data from the United States (US), which has resulted in a sharp rise in the US Dollar (USD), weighing on the…

SYDNEY (Reuters) – A senior U.S. state department official urged Papua New Guinea(PNG) to turn down China’s offer of a potential security pact, warning the Pacific nation that any security guarantee with Beijing comes with consequences and costs. “We’ve seen that the Chinese commitment in defence or investment comes with a high cost. That’s what we’d say to PNG,” United States Deputy Secretary of State Richard Verma told the Sydney Morning Herald in an interview published on Monday. Papua New Guinea Foreign Minister Justin Tkachenko told Reuters last week that it was in early talks with China on a potential…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

lyash01/iStock via Getty Images Japan’s Mitsui (OTCPK:MITSF) (OTCPK:MITSY) said Sunday it signed a deal with Qatar to purchase 11M barrels of condensate per year for 10 years starting in April, as a hedge against potentially unreliable U.S. energy supply following the Biden administration’s pause on new licenses for liquefied natural gas export projects. The deal includes an option to increase the volume of condensate QatarEnergy exports to Mitsui (OTCPK:MITSF) (OTCPK:MITSY) when additional volumes become available from Qatar’s North Field LNG expansion project. Condensates are a by-product of the natural gas production process and often used in the production of gasoline.…

Share: Australia’s trade surplus narrowed to 10,959M MoM in January versus 10,510M expected and 11,437M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Monday.Further details reveal that Australia’s December Goods/Services Exports reprint 1.8% figures on a monthly basis versus 1.7% prior. The nation’s Goods/Services Imports grew 4.8% in December MoM versus 7.9% drop prior. Market reaction At the press time, the AUD/USD pair is down 0.27% on the day to trade at 0.6498. About Australia Trade Balance The trade balance released by the Australian Bureau of Statistics is the difference…

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If you’ll remember back to Friday, a report from Al Jazeera said Palestine had accepted the proposal. That was later changed to that Hamas had accepted the proposal warmly but hadn’t evaluated it.In any case, the bottom fell out of oil on Friday on the reports.You would think oil would get a lift at the open, especially with the US and UK hitting targets in Iran and Syria but knowing oil, it will probably fall anyway. Fading Sunday-opening gaps on geopolitical news has been a great strategy for the past six months, probably longer.Meanwhile, Netanyahu says: We will not end…