Author: FX
4/4 © Reuters. Ukrainian servicemen prepare cannon shells before firing them towards positions of Russian troops, amid Russia’s attack on Ukraine, in Donetsk region, Ukraine January 1, 2023. REUTERS/Anna Kudriavtseva 2/4 By Pavel Polityuk KYIV (Reuters) -Russian nationalists and some lawmakers have demanded punishment for commanders they accused of ignoring dangers as anger grew over the killing of dozens of Russian soldiers in one of the Ukraine war’s deadliest strikes. In a rare disclosure, Russia’s defence ministry said 63 soldiers were killed on New Year’s Eve in a fiery blast that destroyed a temporary barracks in a vocational college in…
AUD/USD is holding a range resistance after China printed a weak manufacturing report and ahead of the FOMC meeting minutes. Does this mean that AUD/USD is ready for a trend change? Let’s look at the 4-hour chart for clues! AUD/USD 4-hour Forex Chart AUD/USD has been locked inside a range after an uptrend that started in mid-October ended with a strong resistance at .6850. What makes the pair interesting today is that it looks like .6800 will hold as resistance for a fourth time since December. Stochastic is also favoring the bears as it hangs out in the overbought zone.…
USD/JPY has had big swings during the session here to open the new year. It popped higher early, to around 131.40:And then fell back, hard: Its not far from its lows now circa 129.90.I haven’t said much about CAD CAD The Canadian dollar (CAD) is the official currency of Canada and at the time of writing is the fifth most-held reserve currency in the world behind only the US dollar, euro, Japanese yen, and British pound.The CAD is commonly referred to as the Loonie by forex analysts and traders. At the time of writing, the CAD accounts for 2% of…
In trading, confluence pertains to having several strategies, signals, indications or trade setups that indicate that price is moving in a certain direction. There are several sources of indications regarding price that could be a part of a confluence of signals. It could be from a price pattern or candlestick pattern. It could also come from a crossover of price action and a moving average line, or a crossover of two moving average lines. Trading based on confluences is probably one of the most effective ways to trade the forex market. This is because trading based on confluences allows traders…
USDJPY, Daily The Yen may have bounced back over the past two months, but USDJPY still gained 14% in 2022, which is the worst performance since 2013. The driver behind the yen’s decline was the BoJ’s ultra-loose policy of capping the 10-year yield at 0.25%, which made the US-Japan interest rate gap continue to widen throughout 2022. However, the BOJ surprised at the end of 2022 by widening the yield curve from 0.25% to 0.50%. The move sent the Yen sharply higher, and has increased speculation that the BOJ may be planning to exit its massive stimulus programme, although the…
USD/JPY hit fresh six-month lows below 130.00 in Asia this Tuesday. The Japanese yen rallied on BoJ speculation and negative Asian stock markets. The US Dollar rebound cushions the downside in USD/JPY ahead of US PMI. USD/JPY is under intense selling pressure near the 130.00 level, having hit fresh six-month lows at 129.82 in the last hour. The sudden downturn got triggered after the pair faced rejection at daily highs of 131.40, witnessing a wild swing of around 160 pips in a couple of hours. The Japanese yen sees massive inflows The downswing in the pair was mainly triggered by a…
Brenntag terminates Univar Solutions takeover discussions Source link
© Reuters. By Ambar Warrick Investing.com– Gold prices rose on Tuesday and came close to a six-month high amid a growing number of bets that the Federal Reserve will slow its pace of rate hikes even further, which is expected to weigh on the dollar and Treasury yields. While the yellow metal closed 2022 a shade lower, it is expected to benefit from a slower pace of rate hikes this year, with recent data indicating that U.S. inflation has likely peaked. Rising interest rates had weighed heavily on metal markets in the past year. prices rose 0.4% to $1,831.67 an ounce,…
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…
© Reuters. FILE PHOTO: A Southwest airplane takes off at the Tampa International Airport as airports around the country are awaiting for Verizon and AT&T to rollout their 5G technology, in Tampa, Florida, U.S., January 19, 2022. REUTERS/Octavio Jones (Reuters) -Problems with an air traffic control system are causing flight delays at major airports in Florida, the Federal Aviation Administration (FAA) said on Monday as it worked to fix the latest issue to hamper air travel in the United States. “The FAA has slowed the volume of traffic into Florida airspace due to an air traffic computer issue that is…