Author: FX
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…
GBP/USD Forecast: Pound Sterling remains on track to post weekly gainsGBP/USD moves sideways in a tight channel above 1.3250 in the European session on Friday after posting small gains on Thursday. The pair remains on track to end the week in positive territory.The US Dollar (USD) Index, which tracks the USD’s performance against a basket of six major currencies, closed marginally higher on Thursday, supported by the upbeat weekly Initial Jobless Claims data. The number of first-time applications for unemployment benefits declined to 215,000 from 224,000 in the previous week. Read more…GBP/USD Forecast: Pound Sterling holds bullish bias ahead of…
The main agenda this time around is to continue reviewing draft private sector promotion law. For some context, the draft was released for public consultations during October last year. And then it was deliberated by the committee in their previous sessions last December and in February this year. This will be the 15th session of the current iteration of the NPC, with the next session set for June. This article was written by Justin Low at www.forexlive.com. Source link
Silver prices (XAG/USD) broadly unchanged on Friday, according to FXStreet data. Silver trades at $32.56 per troy ounce, broadly unchanged 0.00% from the $32.56 it cost on Thursday. Silver prices have increased by 12.68% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 32.56 1 Gram 1.05 The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 102.20 on Friday, broadly unchanged from 102.20 on Thursday. Silver FAQs Silver is a precious metal highly traded among investors. It has been historically…
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…
European Central Bank (ECB) policymaker Madis Muller explained on Friday that their decision to cut key rates by 25 basis points at the April policy meeting was supported by the drop in energy prices, and tariffs. Muller further added that policy rates are no longer a constraint on the Eurozone’s economic activity, adding that the ECB’s key indicators are moving in the right direction. Finally, he argued that a more fragmented world economy can push up prices.Market reactionEUR/USD showed no immediate reaction to these comments and was last seen trading virtually unchanged on the day at 1.1368. ECB FAQs The…
Near-term growth outlook is more challenging.Rate cut supported by energy price drop and tariffs.Rates no longer a constraint on economic activity.ECB’s key indicators are moving in the right direction.More fragmented world economy can push up prices. This article was written by Giuseppe Dellamotta at www.forexlive.com. Source link
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday that the inflation risk from trade tensions seems weak and could even be downward, per Reuters. Commenting on US President Donald Trump’s criticism of Federal Reserve (Fed) Chairman Jerome Powell, “Fed’s Powell is doing his job very well because he is telling the truth as it is,” Villeroy said and added that Trump is wrong for criticizing Powell for cutting rates too slowly. Market reaction EUR/USD showed no immediate reaction to these comments and was last seen trading marginally higher on the day at 1.1375. ECB FAQs The…
AUD/JPY stays subdued amid thin trading, as Australian markets remain closed for the Good Friday holiday.Australia’s March labor data has intensified speculation of a potential 25 basis point rate cut by the RBA in May.In Japan, the “core-core” CPI, , which excludes fresh food and energy—rose to 2.9% in March from 2.6% in February.AUD/JPY retraces its recent gains from the previous session, trading around 90.80 during the European hours on Friday. The currency cross remains under pressure as the Australian Dollar (AUD) weakens in light trading, with local markets closed for the Good Friday holiday.Minutes from the Reserve Bank of…
Here is what you need to know on Friday, April 18:Major currency pairs stay quiet on Friday as trading volumes thin out, with major markets remaining closed in observance of the Easter Holiday. The economic calendar will not offer any high-tier data releases, paving the way for subdued market action heading into the weekend. US Dollar PRICE This month The table below shows the percentage change of US Dollar (USD) against listed major currencies this month. US Dollar was the weakest against the Swiss Franc. USD EUR GBP JPY CAD AUD NZD CHF USD -4.95% -2.70% -5.05% -3.80% -2.07% -4.94%…