Author: FX
U.S. finalizes $20B currency swap framework with Argentina, directly buys pesos Source link
Take Five: The perils of politics Source link
GBPUSD slips again as bears stay in control, trading near 1.3295 after failing to hold mid-channel resistance. The pound remains under pressure within its descending structure, with next supports eyed at 1.3207, 1.3141, and 1.3077. investingLive Exclusive 8m ago Source link
Gold prices fell in Saudi Arabia on Friday, according to data compiled by FXStreet. The price for Gold stood at 477.57 Saudi Riyals (SAR) per gram, down compared with the SAR 479.59 it cost on Thursday. The price for Gold decreased to SAR 5,570.28 per tola from SAR 5,593.84 per tola a day earlier. Unit measureGold Price in SAR1 Gram477.5710 Grams4,775.70Tola5,570.28Troy Ounce14,853.97 FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for…
WD-40 declares $0.94 dividend Source link
Taiwan president unveils 'T-Dome' air defence system to counter China threat Source link
It’s a battle of the comdolls! AUD/CAD is fast approaching a key technical resistance area on the 4-hour time frame. Will the pair stick to its pattern? Or will we see a breakout in the next trading sessions? AUD/CAD 1-hour Forex Chart by TradingView Higher gold prices and an improvement in market risk sentiment are pushing the Australian dollar higher against its Canadian counterpart so far this week. But the Loonie might still draw some support from stronger U.S. dollar demand, even as commodity-linked currencies take a hit from falling oil prices after the Israel-Hamas peace deal. Remember that directional…
The MA Crosses MT4 Indicator is built on the concept of moving averages, one of the most widely used tools in technical analysis. When a faster-moving average crosses a slower one, it signals a potential shift in market direction. Traders use these crossover points as entry or exit signals, reducing the need for constant market monitoring. It’s especially helpful for beginners since it visually highlights key moments when the trend may be changing. Why It’s Useful for Traders One of the biggest advantages of this indicator is its simplicity. Unlike complicated systems that require multiple confirmations, the MA Crosses MT4…
People’s Bank of China USD/CNY reference rate is due around 0115 GMT.The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%. How the process works:Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central…
Reserve Bank of Australia (RBA) Governor Bullock said on Friday that services inflation remains a little sticky.Key QuotesServices inflation remains a little sticky.Labour market still a little bit tight, could be close to balance.Labour market in a good place.Consumption is beginning to recover.Q2 inflation was a little higher than expectations, but moving in right direction.Must be cautious as the monthly CPI data are volatile.Dwelling costs and services are a little higher than expected.Risks are relatively balanced on inflation.Market reactionAt the time of writing, the AUD/USD pair is trading 0.46% lower on the day to trade at 0.6555. RBA FAQs The Reserve Bank of…