Forex

By Malvika Gurung Investing.com -- Following widespread weakness in Asian currencies and weak domestic and global market indices, the closed lower against the U.S. dollar on Wednesday ahead of the Federal Reserve's policy outcome to be…

Yields on US Treasuries continue to hit new multi-year highs, while some commodity-linked currencies weaken to new lows.AdvertisingAlthough equity markets and risky assets mostly rallied slightly over the past day, US Treasuries yields…

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The Australian dollar rose on Thursday after a report showed a big improvement in the country's labor market. The price action suggests to traders that the Reserve Bank of Australia (RBA) will continue to raise interest rates, with the…

US inflation came in wider and hotter than expected, confirming markets for another 75bp rate hike next week. Data releases showed a 0.1% increase in prices for August, when a decline of the same magnitude was expected. Annual…

Copper prices have plunged deeply since early May as commodities have fallen and they still remain bearish. The past decade has been choppy for copper, which closed lower than 2010, but this decade copper is likely to be one of the best…

There is a glut of economic data due this week that could influence decisions at upcoming interest rate meetings. The UK and the rest of the world will mourn the passing of Queen Elizabeth this week. As a result, the Bank of England…

As of 11:40 GMT, the euro traded at $1.00035,…

Image credit: Luca Sammarco Just as the stock market offers its customers a clear and transparent operation dating back centuries, the new forex market is also unique!-->!-->…

The Federal Capital Territory Administration (FCTA) has begun taking steps to ensure sanity and standards in the operations of the Bureau de Change (BDC) in the nation's capital. Indeed, there is growing public concern about their…

The country's foreign exchange - or forex - reserves fell by $3.007 billion for the week ended August 26 to $561.046 billion, according to data released Friday by the Reserve Bank of India (RBI). Reserves had fallen by $6.687 billion in…

High Risk Warning: Currency trading involves a high level of risk which may not be suitable for all investors. Leverage creates additional exposure to risk and loss. Before…

Dangote Sugar Refinery Plc has decided to drastically reduce the import of sugar into the country by 40%, paving the way for the employment of over 30,000 young people and helping the country save scarce foreign currency. The chairman of…

CBN Governor Godwin Emefiele Governor of the Central Bank of Nigeria, Godwin Emefiele, said Apex Bank's intervention in healthcare has helped the country save scarce foreign currency. The CBN Governor who said this at the 33rd…

At the Federal Reserve Bank of Kansas City's Jackson Hole Symposium, Federal Reserve Chairman Jay Powell delivered a highly anticipated address titled, Monetary policy and price stability. President Powell spoke about the state of the…

The Salesforce logo is pictured on a building in San Francisco, California, U.S. October 12, 2016. REUTERS/Lily Jamali/Join now for FREE unlimited access to Reuters.comRegisterAug 24 (Reuters) - Salesforce Inc (CRM.N) slashed its full-year…

Officials from the Reserve Bank of Malawi said the central bank had decided to let the country's exchange rate float without tight controls as forex is now available following the devaluation of the kwacha. It comes two months after the…

The difference between success and failure in Forex / CFD trading will most likely depend primarily on which assets you choose to trade each week and in which direction, not on the exact methods you might use to determine trade entries and…

The movers on the market today It will be a very quiet day on the data front today with only UK retail sales and interesting German PPI. The overview in 60 seconds Norway: Norges Bank (NB) switches to “front-loaded” and raises its rates…

The midterm elections in the United States are scheduled to take place on November 8, 2022, and although Biden is not the one on the ballot, the results will strongly shape his ability to pass policies in the second half of…

Ready In order to significantly improve business productivity, Layer3Cloud, an indigenous cloud service provider based in Nigeria, said it will tackle the challenges faced by businesses when accessing currencies.…

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Another instrument we have traded recently is the GBPUSD currency pair. In this technical blog, we will take a look at the GBPUSD Elliott Wave charts and explain the trading strategy. As our members know, the GBPUSD is bearish against…

As the peso continues to weaken against the US dollar MANILA, Philippines – The country's foreign exchange reserves fell below $100 billion last month for the first time in nearly two years amid a sharp depreciation of the peso against the…

The estimated around 500 ships that are owned and operated by Nigerians are grounded as owners cannot access funds for fleet maintenance and repairs, Daily Trust has learned. The freefall of the naira and the inability of traders to access…

So far this week, safe-haven flows have been the market theme. The yen strengthened considerably and the Nikkei fell. US stocks were down on the first day of trading. Of course, other factors affect market sentiment, but obviously…

In its efforts to boost foreign exchange inflows amid growing demand for goods and services by Nigerians, the Central Bank of Nigeria (CBN) said that in the first and second quarters of 2022, it garnered about 600 million US dollars in…

Foreign exchange market volatility has killed several telecom projects, ICT players said, even as they called on policymakers to make dollars available to local players. The exchange rate between the naira and the US dollar crossed…

Yesterday's market wrapYesterday the FED moved to raise interest rates by 0.75% for the second time as expected, but there was still potential for a subtle downgrade from the Federal Reserve on growth and future rate hikes , which would be…

Harry Scherzer is the CEO of Future Forex, a position he has held since June 2020. Scherzer previously worked as an actuarial analyst at Alexander Forbes, then as a senior actuarial associate at EY for over two years. He then joined…

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(Updates throughout, line changes, deadline)By Sujata RaoLONDON, July 20 (Reuters) - The euro held near a two-week high against the dollar on Wednesday on expectations of a bigger-than-expected ECB interest rate hike this week. and a…

The Bangladesh Bank will increase the supply of US dollars in the local foreign exchange (forex) market, which is facing an acute shortage of the greenback. As part of its measures, the central bank instructed banks to immediately cash…

NUSA DUA, Indonesia (Reuters) - Emerging markets and low-income countries can benefit in some cases from capital flow management and foreign exchange intervention, but should not use these tools to gain a unfair competitive advantage or…

For oscillators that can generate buy and sell signals, consider adding power of bulls and bear power indicators to your Forex charts. Although they are two different indicators, they work the same way and are usually used in…

UNCERTAINTIES: DRAM chipmaker expects tough quarter ahead amid soaring inflation and questions over Chinese production…

Nigeria recorded foreign exchange inflows of $10.75 billion in two months, figures obtained from the Central Bank of Nigeria have revealed. The CBN has revealed in its monthly economic report on the "Flows of Foreign Currency in the…

The Petroleum and Natural Gas Suppliers Association of Nigeria (NOGASA) said that the rise in diesel prices and the current oil crisis are due to a shortage of foreign exchange (forex) to import diesel. They urged President Muhammadu Buhari…

Yesterday's market wrapMarkets started to move again yesterday after a quiet Monday due to the US bank holiday weekend. It started with the Reserve Bank of Australia raising interest rates early in the morning by 50 basis points for the…

Tribune press service NEW DELHI, JULY 2After Pakistan and Sri Lanka, another Indian neighbor, Bangladesh, is in talks with the International Monetary…

Worsening currency shortage is inflicting more hardship on manufacturers, reports ODINAKA ANUDU. Nigerian manufacturers are struggling to access the foreign currency needed to import raw materials, spare parts and machinery. Most of them…

The stock market volatility can be quite stressful. It's hard to keep track of them, especially if you work full time. Now, that makes it very clear how you want to proceed. Do you want to continue with the brokerage platform that…

On bonds, we think the street will wait until we are closer to the next CPI release to re-enter shorts, as seasonal factors are supporting the rally in duration, so there could be more leeway for equities amid this fragile easing. The…

BY HARRIET CHIKANDIWAMEMBERS OF PARLIAMENT (MP) have demanded that the Ministry of Finance bring a list of all exchange rate manipulators to the House to be named and shamed. This was after Deputy Finance Minister Clemence Chiduwa failed…

By Saikat ChatterjeeLONDON, June 23 (Reuters) - The euro depreciated on Thursday after weak PMI data from Germany and France confirmed the eurozone economy was struggling to gain ground, prompting traders to cut bets aggressive on the…

What you need to take care of on Wednesday, June 22: US Federal Reserve Chief Jerome Powell will testify before Congress. His prepared remarks will be released before the event. Market participants will be looking for…

Spectacular movements in the money market have led investors to expect the tightening cycle to accelerate in major economies. Japan is the exception as the central bank clings to the idea that rising price pressures will not be sustained.…

Towards a recession? Last week was a great time for central banks, collectively, as well as for financial markets in general. It was the moment when the majority accepted that inflation is not just a problem, it is a problem that needs…

Central Bank of Nigeria Nigeria's foreign exchange reserve will plummet in 2022 as the Central Bank of Nigeria (CBN) plans to clear around $1.7 billion in currency arrears to foreigners and currency futures, the world Bank said.…

Kenya is one of the most populous countries in East Africa. With over 53 million citizens, the country is also rapidly becoming a major hub for Forex trading as the regulator, CMA and traditional brokers have started to realize the…

Good afternoon, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week! A Monday morning, market liquidity Liquidity…

Ugo Aliogo TP Global FX said it is ready to equip young Nigerians with the right forex trading skills and knowledge to enable them gain financial freedom and help the economy grow. The!-->!-->!-->!-->…

ISLAMABAD: Pakistan's foreign exchange reserves will reach over $12 billion after receiving some $2.4 billion from China in the next two to three days, Finance Minister Miftah Ismail said on Thursday, a day before the presentation of the…

The difficult economic environment and the persistent importation of pencils, coupled with the scarcity of foreign exchange and epileptic electricity supply have hampered Nigeria's plan to manufacture pencils locally. This is when…

Major Asian indices are trading slightly higher today, but currency markets are quiet. Trade will likely be subdued with Switzerland, France and Germany over the holidays, while the US economic calendar is blank. But a turbulent week…

ECONOMYNEXT – Profits of Dipped Products Plc in Sri Lanka, which has interests in rubber products and plantations, rose 43% in the March 2022 quarter from a year ago to 2.3 billion rupees as the currency collapse led to…

China-Pakistan relations: China agreed to refinance Pakistan with $2.3 billion in fundsIslamabad: China on Thursday agreed to refinance Pakistan with $2.3 billion in funds amid the country's dwindling foreign exchange…

The Bank of Canada will likely stick to the script at 14:00 GMT on Wednesday, announcing another giant rate hike to contain inflation. The Canadian dollar, however, may not react aggressively as investors priced in the rate announcement,…

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What you need to take care of on Friday, May 27: Australian retail sales are growing in Asia. The US dollar attempted a modest recovery early Thursday but ended the day with losses against most major rivals. U.S. data…

What you need to take care of on Wednesday, May 25: The US dollar remained weak on Tuesday, despite the lackluster mood in the markets. EUR/USD bounced above 1.0700 as more ECB officials promised a 50 basis point rate…

Overall market sentiment is mixed in today's Asian session, with the Nikkei rallying but selling off in Hong Kong and China. Aussie extends the short-term rebound, following Labor's victory in the federal election over the weekend. Kiwi…

The safe-haven dollar and the yen fell on Thursday, while the Australian and New Zealand dollars rose, after signals that Shanghai's coronavirus lockdown was being eased, although sentiment remained fragile as world markets were falling.…

Recommendation of the day on the lira against the dollarRisk 0.50%.None of the buy or sell trades from the recommendation were activated yesterdayBest entry points to buyEntering a long position with a pending order from levels of 15.85Set…

As soon as the digital technology develops, the number of people interested in the globally accepted currency increases day by day. There are thousands of new investors encouraging each other to trade foreign currencies. The main reason…

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The Association of Bureau de Change Operators of Nigeria has requested the Central Bank of Nigeria to establish an autonomous trading window for BDC currencies with a fixed maximum daily limit. This, according to the association, will…

Market News Two companies obtain an online forex trading license Thursday, May 12, 2022 Wyckliffe Shamiah, CEO of the Capital Markets Authority (CMA). FILE PHOTO | NMG By Edna MwendaMore from this author Summary Two…

Forex traders are set to pummel the euro again because the war in Ukraine and the supply chain crisis heighten the risk of stagflation - driving the single currency to parity with the dollar, which is for the first time in almost 2…

Sri Lanka's Finance Minister Ali Sabry waved a metaphorical red flag in parliament on Wednesday as the struggling nation's usable foreign exchange reserves fell below $50…

Until confidence returns that prices from China will rise, gold could start trading in a range. fears of deflation caused by lockdowns in China helped gold to continue lower. Over the past few weeks, shutdowns in Shanghai and…

SAVANNAH, Ga. (WTOC) - A student from Savannah has a strong connection to the conflict in Ukraine and works to help raise funds for those affected by the war.Ava Piotrowska is a Polish foreign student. Back in her country of origin, her…

Markets had another wild ride this week, but indices are on track to end it pretty much where it started. There's been a lot to digest this week, especially from the companies themselves, with big tech focusing on profits. We continue to…

What you need to know on Thursday, April 28: A sharp reversal in recent yen strength on Wednesday, which had no clear trigger, saw the US dollar reclaim the top spot in the G10 daily performance chart and saw the…

Fundamental Oil Analysis Commodities finished lower across the board and Oil closed 168 basis points on Friday. For oilreports that Chinese demand for oil has fallen the most since the 2020 Wuhan lockdown overturned any notion of a weekend…

On the heels of January's impressive gain, retail sales took a breather in February, rising just 0.1% month-on-month. Performance was even weaker after removing inflation, with sales down 0.4% in volume. Sales appear to have picked up…

Here's what you need to know on Thursday, April 21: The U.S. dollar succumbed to profit taking on Wednesday as U.S. yields tightened from multi-year highs, adding some investment appeal to the dollar. The U.S. dollar…