Author: FX
USDJPY above the 2023 old highs and the 200 day MA. Bullish.The USDJPY is reversing back to the upside helped by higher rates. The 2-year yield is up 7.1 basis points to 4.34%. The 10-year is up 6.7 basis points 3.714%. Technically, the price is also being supported by the inability to move back below the old swing highs from 2023. Recall that in March, the high price reached 137.91. In early May, the high price reached 137.761. Yesterday the price extended above those highs and stayed above. Today’s corrective move came down to a low of 137.959 – about…
Share: For the time being, USD/BRL should trade around current levels. Longer term, however, economists at Commerzbank see BRL depreciation risks returning. Attractive real interest rate supports the Real “The USD/BRL exchange rate has already reached our target of 4.95 and should remain around this level for the time being, supported by the attractive real interest rate.” “In the longer term, we are concerned that the government could increase its influence on monetary policy which could lead to a renewed weakening of the Real.” Source: Commerzbank Research Source link
USD/CAD PRICE, CHARTS AND ANALYSIS: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter MOST READ: EUR/USD Price Forecast: EUR/USD Eyeing Bounce at Key Confluence AreaThe Loonie has held firm against the rampant greenback this week as strength in the Dollar Index (DXY) was negated by Canadian inflation data and rate hike concerns. The 1.3500 level is now back into focus as markets have approached the European open with a wee bit of caution following yesterday’s risk-on tone.DEBT CEILING, THE US DOLLAR AND CANADIAN INFLATION DATAYesterday we…
I’m a strong believer in the saying, “No trader is an island.” In forex trading and in just about any endeavor, it often feels good to know that you are not alone. It’s because of this, and a couple of other reasons that I have been advocating having a trading group. Trading with a group Having other people around allows you to view trading situations from several different perspectives. For example, a setup may appear incredibly bearish to you so you risk more than your usual position on that trade. But your trading buddy could present an opposing view, which can cause…
FrankRamspott/iStock via Getty Images Terran Orbital (NYSE:LLAP) broke ground on a 94,000-square-foot factory to make satellites in Irvine, California. The company is collaborating with REIT W. P. Carey on the project, according to an announcement. Photo: Terran Orbital “The new facility will propel Terran Orbital to new heights,” Marc Bell, Terran Orbital co-founder, chairman and CEO, said in a statement. “We also look forward to the capacity increase the new facility will create as we continue to onboard contracts and satellite orders.” Source link
STOP! From December 19th, 2022, this website is no longer intended for residents of the United States. Content on this site is not a solicitation to trade or open an account with any US-based brokerage or trading firm By selecting the box below, you are confirming that you are not a resident of the United States. I am not a US resident Close Source link
2/2 © Reuters. FILE PHOTO: Indian Prime Minister Narendra Modi attends an Innovation conference with Israeli and Indian CEOs in Tel Aviv, Israel, July 6, 2017. REUTERS/Oded Balilty/Pool/File Photo 2/2 NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi will meet Ukrainian President Volodymyr Zelenskiy on the sidelines of the G7 summit in Hiroshima, broadcaster CNN-News 18 reported on Friday, their first meeting since Russia invaded Ukraine in February 2022. News of the meeting came hours after Modi left New Delhi for Hiroshima, where he will be the most Russia-friendly of global leaders assembled for a summit that is expected to…
S&P 500 (ES1!) News and AnalysisUS stocks edge higher despite stronger dollar, higher yieldsTraders increase interest rate expectations as the threat of a US default subsidesKey levels to note for a bullish continuation for the S&P 500The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Get Your Free Equities Forecast US Stocks Edge Higher Despite Stronger Dollar, Higher YieldsSentiment has taken a large stride forward this week as news emerged about a possible deal at the end of this week or…
The thinking here is to swap the yuan for dollars in the forwards market to manage the fall in the domestic currency itself. This is done via mopping up dollar liquidity from the swap market, thus reducing readiness of dollar sales against the yuan. This is part of the typical playbook by China to defend the currency but so far, the sources say that there are no signs of intervention in spot trades yet.”State banks have started heavily trading buy/sell one-year tenor since Thursday”, according to one of the sources. Source link
Share: USD/INR clings to mild gains around the highest levels in two months, retreats of late. Broad US Dollar strength weighs on Indian Rupee despite latest pullback in greenback. Upbeat Oil price, cautious mood also prods USD/INR bulls at multi-day peak. Fed Chair Powell’s speech, US President Biden’s announcements on debt ceiling extension eyed for clear directions. USD/INR seesaws around 82.75-80 as it prints minor gains amid early Friday in Europe, after refreshing an eight-week high to 82.85 the previous day. In doing so, the Indian Rupee (INR) pair justifies the market’s cautious mood ahead of top-tier events…