Author: FX
USD/JPY 130.50 ($635.6mn)128.00 ($616mn)EUR/USD 1.0900 (EU1.99bn)1.0885 (EU1.22bn)1.0800 (EU800.7mn)USD/CNY 6.8200 ($1.1bn)6.7400 ($1bn)USD/CAD AUD/USD 0.7185 (AUD1.05bn)0.7000 (AUD572.1mn)0.6920 (AUD526.7mn)GBP/USD nothing remotely close to spotEUR/GBP 0.8700 (EU765.9mn)0.8800 (EU510mn)For more information on how to use this data, you may refer to this post here. Source link
Wednesday's economic calendar Source link
Gold, XAU/USD, US Dollar, FOMC, DXY Index, ECB, BoE, Crude Oil – Talking PointsThe gold price is steady today as markets await central banks actionsThe US Dollar tried higher but pulled back into the range amid uncertaintyThe market is eyeing today’s FOMC meeting. What will it mean for XAU/USD? Recommended by Daniel McCarthy Get Your Free Gold Forecast Gold had a look lower at the US$ 1,900 handle in the US session but quickly recovered back above US$ 1,925. At the same time, the DXY Index, a benchmark measure of the US Dollar, moved to higher ground before collapsing into…
Founder of “My Big Coin” Randall Crater has been sentenced to 100 months in prison and ordered to pay over $7.6 million to the victims of his fraudulent scheme. The U.S. Department of Justice said on Jan. 31 that Crater was sentenced by United States District Court Judge Denise Casper in Massachusetts. Randall Crater’s LinkedIn account photo. Image: LinkedIn Continue Reading on Coin Telegraph Source link
Major forex rates traded in limited ranges during the session here with traders awaiting the Federal Reserve statement and Powell’s following news conference. ICYMI, previews posted already:News flow of any relevance was basically absent. We did get some data flow though. The New Zealand labour market report for Q4 2022 (official NZ jobs data is published once a quarter) showed a slight slackening in labour market tightness. ANZ reaffirmed its call for a 50bp rate hike from the Reserve Bank of New Zealand at the February 22 policy meeting. BNZ lowered its forecast to 50bp from its previously expected 75bp…
AUD/USD renews intraday low amid sour sentiment, mixed data. China Caixin PMI fails to overcome 50.0 mark despite improving in January. Mixed concerns over RBA’s next move, especially after strong inflation and downbeat Retail Sales, weigh on Aussie prices. Cautious mood can weigh on risk-barometer pair ahead of Fed’s verdict. AUD/USD takes offers to refresh intraday low around 0.7040 as the market’s anxiety ahead of the key Fed verdict amplifies during early Wednesday. Adding strength to the pullback moves could be the Chinese activity data from the industry group. That said, China’s Caixin Manufacturing PMI rose to 49.2 versus 49.0…
Introduction to the Five Pattern Indicator “M” and “W” Wave Patterns are price patterns identified by A. Merrill, which may predict how and where price would move next. These patterns are typically five-pointed patterns which are based on the swing highs and swing lows. The Five Pattern Indicator is a trading tool which is based on the “M” and “W” Wave Patterns. What is the Five Pattern Indicator? The Five Pattern Indicator is a custom technical indicator which provides pattern-based trade setups based on the “M” and “W” wave patterns. This indicator plots lines connecting swing highs and swing lows…
© Reuters. FILE PHOTO: A man looks at a shop showcase on Central Avenue in San Jose, Costa Rica March 13, 2019. REUTERS/Juan Carlos Ulate SAN JOSE (Reuters) – Costa Rica’s economic growth will likely slow this year, according to a central bank forecast released on Tuesday that also estimates faster growth in 2024. The central bank sees gross domestic product growing 2.7% this year and 3.5% in 2024. The economy expanded by 4.3% in 2022. The bank said in a statement that this year’s expected slowdown was due to global economic disruptions linked to lingering effects of Russia’s invasion…
<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.The previous close was 6.7531</p><p>PBoC injects 155bn yuan of 7-day reverse repos at an unchanged rate of 2.0%447bn yuan of RRs mature todaythus net drain of 292bn yuan on the day in open market operations</p><p>-</p><p>eur</p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link
NZD/USD has dropped firmly after sensing deep selling interest while testing the consolidation breakdown. Investors’ risk-taking capacity is dropping ahead of the interest rate decision by the Fed. The 20-EMA has acted as a major barricade for the New Zealand Dollar. The NZD/USD pair has resumed its downside journey after a pullback move to near 0.6440 in the Asian session. The kiwi asset is unable to keep up its feet amid the release of lower-than-anticipated New Zealand Employment data. The major has shifted into a negative trajectory as the strength of the cheerful market mood is fading away. S&P500 futures…