By Peter Nurse Investing.com – The U.S.

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Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Thursday, with the euro rebounding ahead of the latest European Central Bank rate decision, which… By Peter Nurse Investing.com – The U.S. dollar weakened in early European trade Monday, while the euro jumped to a three-week high as traders reassessed the European Central Bank’s… Stay up-to-date on breaking forex news as well as relevant financial developments. A report released by the Commerce Department on Thursday showed U.S. business inventories increased by less than expected in the month of July. The Commerce Department said business inventories rose by 0.6 percent in July after surging by 1.4 percent in June.

Philadelphia-area manufacturing activity unexpectedly contracted in the month of September, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its current general activity index slumped to a negative 9.9 in September from a positive 6.2 in August. The Federal Reserve Bank of New York released a report on Thursday showing a notable rebound in regional manufacturing activity in the month of September. The New York Fed said its general business conditions index surged to a negative 1.5 in September from a negative 31.3 in August, although a negative reading still indicates a contraction in regional manufacturing activity. AUD/USD holds lower ground near the yearly bottom marked in July, poking the two-month-old support line, as risk-aversion propels the US dollar ahead of the day’s key catalysts.

French Central Bank Boosts 2022 Gdp Forecast But Cuts 2023

The pairs that made the biggest moves, on a percentage basis, over the past day were EURJPY, CADJPY, and CHFJPY. Note that NZDJPY, ZARJPY, GBPJPY and NZDCHF made especially large and surprising moves over the past day. A former Nikola Corp. contractor whose allegations of fraud at the electric truck maker helped spur a criminal investigation told a federal jury he made $600,000 off a short seller’s report on the company. Paul Lackey, an engineer at the electric-drive systems company EVDrive that did contract work for Nikola, was testifying under questioning by the defense … The Fed should hit pause on rate hikes as they’re penalizing long-term investors, top economist…

  • Bitcoin stood aloof from key market movements last week, moving on a short leash around $20K.
  • Compared to its peers in the forex, nzdjpy gave its buyers a return that ranked 31st in terms of percentage change since the day prior.
  • Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence.
  • The Commerce Department released a report on Thursday showed an unexpected increase in U.S. retail sales in the month of August, although the report also showed a notable downward revision to the July data.
  • Economists had expected business inventories to climb by 0.8 percent.

Trade a wide range of forex markets plus spot metals with low pricing and excellent execution. The annual CPI decelerated in August but came in higher than expected. Bets on a more hawkish Fed increased, while in the case of gold, they decreased. At least for the majority of pundits who expected softer inflation. Compared to its https://www.timessquareadcoalition.org/dotbig-ltd-review/ peers in the forex, nzdjpy gave its buyers a return that ranked 31st in terms of percentage change since the day prior. Volatility for nzdusd has been contracting over the past two weeks relative to volatility over the past month. Finally, instruments EURNOK, EURNZD, USDHKD and CADCHF are close to their 200 day moving average.

New York Manufacturing Index Indicates Modest Contraction In September

Alternatively, on a 90 day basis, the strongest trend appears on EURCHF. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for EURCHF, EURAUD and CADCHF. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these https://www.timessquareadcoalition.org/dotbig-ltd-review/ pairs. Price action traders will also want to note that a base appears to be forming on NZDCHF and USDMXN. Price bases often precede increases in volatility and a clear trend. US retail sales unexpectedly rose in August after declining a month earlier, as the underlying picture of spending proved more mixed.

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The value of overall retail purchases increased 0.3% last month after a downwardly revised 0.4% drop in July, Commerce Department data showed Thursday. Price Action Support and Resistance While price action presents a somewhat objective framework for traders to work with, identifying workable zones of support and resistance requires a bit of subjectivity.

Technical Analysis

By Leika Kihara and Tetsushi Kajimoto Japan is ready to take action to address "clearly excessive volatility" seen in the yen, the country’s top currency diplomat said on… After a weak start and a subsequent recovery that resulted in a brief stay in positive territory, the Canadian market faltered Thursday morning, and is languishing in the red a little past noon. Take control of your trading with powerful trading platforms and resources designed to give you an edge. The last few days have seen the newest proof-of-stake crypto asset lose at least 16% of its value due to intensifying external economic forces. And in terms of interesting streaks, CADJPY, AUDJPY, TRYJPY and USDJPY have now rallied 8, 8, 8 and 9 out of the past ten trading days.

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US industrial production fell 0.2% in August (consensus 0.0%) while July was revised lower to 0.5% from 0.6%. The composition shows manufacturing was a little better than expected … Unions and management reached a tentative deal early Thursday, averting a freight railroad strike that had threatened to cripple US supply chains and push prices higher for many …

As with all such advisory services, past results are never a guarantee of future results. The U.S. dollar showed mixed trading against its major counterparts in the European session on Thursday, following the release of a slew of U.S. economic data, including a report showing an unexpected increase in retail sales in August. By Geoffrey Smith Investing.com — The European Central Bank issued a rare warning about the euro’s sliding foreign exchange rate on Thursday, DotBig broker adding to the global unease among… Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Over the past two weeks, the strongest trend has been on GBPUSD.

ForexNews.World delivers real time updated DotBig review and market research. We are leading source for latest news on cryptocurrency along with technical analysis on the foreign currency, commodities and trading strategies. We are go to source for you to get breaking news stories and in-depth market updates from around the world. Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

The Federal Reserve released a report on Thursday unexpectedly showing a modest decrease in U.S. industrial production in the month of August. A report released by the Labor Department on Thursday unexpectedly showed another modest decrease in first-time claims for U.S. unemployment benefits in the week ended September 10th. The Labor Department said initial jobless claims slipped to 213,000, a decrease of 5,000 from the previous week’s revised level of 218,000. The Commerce Department released a report https://www.finam.ru/profile/forex/usd-rub/secondary/ on Thursday showed an unexpected increase in U.S. retail sales in the month of August, although the report also showed a notable downward revision to the July data. The report said industrial production edged down by 0.2 percent in August after climbing by a downwardly revised 0.5 percent in July. Despite spending much of the day’s trading session in positive territory, the Switzerland stock market ended slightly down on Thursday as investors stayed wary of holding positions at higher levels.

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