Forex

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…

By Alun JohnHONG KONG, April 26 (Reuters) - The dollar held near a two-year high on Tuesday as concerns over the economic impact of China's COVID-19 lockdowns dampened the greenback's appeal as a safe haven and that aggressive expectations…

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…

* C.bank removes $50 million caps on buying goods overseas *Thai companies are allowed to purchase foreign currency for domestic transfers * Companies authorized to carry out more hedging (add details from…

The gradual normalization of global output growth after the pandemic has been severely marred by rising food and fuel inflation, which the head of the International Monetary Fund (IMF) has described as a "clear and present danger" to the…

The Aussie is likely to fall against a strong US dollar.My last signal of the 5and April was not triggered because there was no proper price action when each of the support and resistance levels I had identified were first reached.AUD/USD…

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What you need to take care of on Friday, April 8: Market sentiment remained sour as the focus remained on central bank warmongering and tensions between Russia and the Western world. The US has expanded its actions…

The International Monetary Fund has expressed concern about the possible long-term implications of foreign exchange intervention by central banks facing monetary policy challenges, such as Nigeria. This was revealed by the…

US stocks are up slightly with Russian developments taking center stage, as well as Twitter on news that Elon Musk is now the social media platform's largest shareholder. US Futures Contracts Dow futures +0.15% to 34855 S&P futures…

Foreign exchange reserves of Ukraine at pre-war levels: officialEconomic adviser Ustenko expressed confidence that the hryvnia exchange rate could remain stableReuters, 02 April 2022, 15:24…

KARACHI: The country's foreign exchange reserves fell drastically by some $3 billion in a week, mainly due to the repayment of a syndicated loan from China. According to the weekly Foreign Reserves Report released by the State Bank of…

Close proximity to current levels would shift the short-term technical bias in favor of the bears, with the next level of support to watch around $1870… "All we're saying is give peace a chance." -John Lennon There is a strong stab of…

Like every country in the world, Bangladesh also faces volatility in the foreign exchange market. This was initially caused by the recovery in demand and supply chain disruption as struggling economies began to recover from the…

KARACHI: The country's foreign exchange reserves hit their lowest level in the current fiscal year, central bank data showed on Thursday, a time when talks between the government and the IMF on the 7th review in the under the…

BTC rose 3.5% on Tuesday. At the peak of the day, the rate was above $43.2,000, but on Wednesday morning it fell back to $42,000, showing a 0.7% correction. Ethereum is down 1% over 24 hours, while the other top 10 leading altcoins…

By Aduragbemi Omiyale More than 150 ease of doing business reforms have been implemented by the federal government, Information and Culture Minister Lai Mohammed said. He said one of the reforms included the signing of the…

Oludare Mayowa Posted March 18, 2022 Many Nigerians who depend on banks to meet their foreign currency needs could face difficulties very soon as some lenders have introduced more restrictions on end-users' access to dollars through…

The Federal Reserve is expected to raise the interest rate by 25 basis points at its next meeting on Wednesday at 20:00 GMT+2. As inflation continues to rise, this will be the first small attempt to rein it in. What does this mean for…

US official says Russia is asking for military help from China A US official said Russia has asked China for military equipment to use in its invasion of Ukraine, a request that is heightening tensions over the war as top aides to the US…

The Indian Rupee (INR) remained volatile last week. Rupee futures traded on the National Stock Exchange closed on a mixed note. The rupiah weakened against the US dollar (USD) and the euro (EUR). However, it strengthened well against…

Horrific developments in Ukraine inflated commodity prices, a key driver for the AUD. We have made significant changes to our commodity price forecast. These forecasts are set out in Westpac's Market Outlook which was released today.…

ISTANBUL (Reuters) - Turkish banks have raised interest rates on foreign currency deposits to nearly 3% as they seek to raise hard currency to overcome a shortage in the market due to rising demand sparked by the fall in the lira, banking…

KARACHI: Inflows under Roshan Digital Accounts, a facility that provides banking solutions to Pakistanis abroad, amounted to $3.6 billion from September 2020 to February 2021, central bank data showed on Monday. Expats opened 365,182…

The forex market is alive and well, with both long and short opportunities materializing with last week's close. EURUSD will start this week in a precarious position, sitting on decades-old support, while GBPUSD comes to its own key…

WTI prices have risen significantly over the past few sessions, capturing new multi-year highs. The current week has been extremely favorable for oil prices and the accompanying volatility seems to be getting traders and market…

Market sentiment stabilized a bit following reports that Russia is suggesting holding another round of peace talks with Ukraine, while Vladimir Putin's forces continue to bombard several crowded Ukrainian cities. Stocks are recovering…

What you need to take care of on Tuesday, March 1: Risk sentiment remained the main driver of the market. Safe-haven assets rose at the weekly open amid the escalating war between Russia and Ukraine. Sentiment…

Ugo Aliogo The Chairman of Titan Trust Bank, Mr. Tunde Lemo, said that the Central Bank of Nigeria (CBN) should not be blamed for the inadequacy of forex in the country. He noted that although the CBN has!-->!-->…

Overall, markets appear to have stabilized following Russia's shock invasion of Ukraine, at least for now. US equity markets staged a late and strong reversal overnight while Asian markets also rallied. Gold is back hitting the 1900…

KUALA LUMPUR (23 Feb): UEM Sunrise Bhd's net loss for the fourth quarter ended 31 December 2021 (4QFY21) widened further to RM152.26 million from RM134.66 million at the same period last year (4QFY20) due to currency losses. In a filing…

Russia's ACRA rating agency estimates that the country's banks imported $5 billion worth of foreign currency notes in December, up from $2.65 billion a year earlier, as a preemptive measure in the event of…

Algorand went live in 2019 and did the ICO (Initial Coin Offering) in June of the same year. Algorand is a highly scalable layer 1 blockchain, which solves problems that plague Bitcoin and Ethereum blockchains, such as slow transactions…

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USDJPY is showing a bullish tone as it nears the 116.00 handle after the 50- and 100-day simple moving averages (SMA) defused sellers' attempts to lower the pair. Booming SMAs protect the pair's broader ascent. Moreover, the short-term…

The Center for the Promotion of Private Enterprise (CPPE) on Monday warned the Central Bank of Nigeria (CBN) over the planned decision to halt the sale of foreign currency to banks in the country. The apex bank said last week that it…

The country's foreign exchange reserves, or forex, gained $2.198 billion to $631.953 billion in the week ended Feb. 4, according to weekly data from the RBI. In the previous week ending Jan. 28, the forex pool fell $4.531 billion to…

The pound is slightly lower on Friday, having taken investors on a rollercoaster ride a day earlier. GBP/USD was up more than 100 points on Thursday after the US inflation report, but the pound gave up almost all of those gains later in…

Risk sentiment improved last summer as Europe and the Western world emerged from winter/spring coronavirus restrictions and most sectors of the economy boomed. As we headed into winter, the Omicron variant erupted, which hurt sentiment,…

Forex trading is a risky business and success is not guaranteed. This is why successful traders know they need a reliable and secure place to trade. In the past, traders had to download and install a forex trading platform on…

Get Forex forecasts using fundamental, sentiment and technical position analysis for major pairs for the week of January 7, 2021 here.The difference between success and failure in Forex trading will most likely depend primarily on which…

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The price of gold closed at $1,809.75 after hitting a high of $1,811.65 and a low of $1,794.85. GOLD continued its upward trend for the third consecutive session on Wednesday amid continued weakness in the US dollar and overall demand…

It is likely that the pair will resume the downtrend this week.Bearish viewSet a sell stop at 36,000 and a take profit at 33,000.Add a stop-loss at 38,000.Lead time: 1-2 days.Bullish viewSet a buy-stop at 39,000 and a take-profit at…

Dogecoin was the main meme coin for many years, until the Shiba Inu token started to enter the mainstream, after gathering a large base of support, forming the Shiba community, which is one of strongest crypto communities. Shiba Inu is one…

The FOMC gave new strength to the US dollar.My Wednesday EUR/USD signal last week was not triggered as there was not enough bearish price action when price first hit the identified resistance level at $1.1352 .EUR/USD Signals TodayRisk…

The pair remains subject to a sharp decline in price.Previous Signal AUD/USDLast week's AUD/USD signal produced a profitable short trade on Monday from the bearish pinbar which rejected the resistance level I had identified at…

Turkish lira banknotes are seen in this illustration in Istanbul, Turkey, August 14, 2018. REUTERS/Murad Sezer/IllustrationJoin now for FREE unlimited access to Reuters.comRegisterISTANBUL, Jan 24 (Reuters) - The lira was slightly weaker on…

It's not Omicron or the Fed rate hike, it's earnings. Bullish investors appear to have finally given up after Netflix's disappointing report last week. The NASDAQ dragged other major indices down and also dragged down cryptocurrencies.…

The government plans to use the country's foreign currency reserves to implement a $370.96 million electricity transmission project, ignoring the warning from the International Monetary Fund (IMF). State-owned Agrani Bank sent a proposal…

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The Canadian dollar started the week with gains and could break below the symbolic level of 1.25 during the day. US markets are closed for Martin Luther King Day, so I expect a quiet session in North America. Later in the day, Canada…

The price of gold closed at $1,820.40, after hitting a high of $1,828.15 and a low of $1,811.85. After posting gains for four consecutive sessions, gold fell on Thursday, despite falling US Treasury yields and a weak US dollar. The US…

The USDCAD pulled back from its January high amid strengthening negative momentum, and is currently near its lower Bollinger Band, indicating that immediate bullish movement cannot be ruled out. Additionally, the pair's 50-period Simple…

Popular Ripple v SEC case set to be resolved around April of this yearThe SEC sued John M FIFE and five entities he controlled in September 2020, for selling $ 21 billion in penny stocks and making $ 61 billion in profit, without…

Chainlink (LINK) is among the few altcoins in the list of top 20 cryptos that trade in the green early Wednesday, finding a few buyers in a sluggish market due to its promising technology and upcoming developments that may bolster its…

The pair will likely stay in this range today.Bearish viewSell ​​BTC / USD and establish a take-profit at 45,700.Add a stop-loss at 48,000.Lead time: 1-2 days.Bullish viewSet a buy stop at 47,000 and a…

Through IANS…

What to know on Friday, December 31: The major pairs held steady at familiar levels on Thursday, trading volatile amid thinned market conditions. Most financial markets will be closed on Friday, in the middle of the…

Polygon (MATIC) appears to rebound higher after the decline in the previous session, as crypto markets saw a massive sell off following Bitcoin's sharp drop below $ 50,000. At the time of writing, MATIC / USD is trading at around $…

The support at $ 49,576 looks very crucial. Last Monday's BTC / USD signal was not triggered as there was no bearish price action when price first hit the resistance level I had identified at $ 48,424. .Today's BTC / USD SignalsRisk 0.50%…

The week before, reserves declined $ 77 million to $ 635.828 billion.The country's foreign exchange reserves declined $ 160 million to $ 635.667 billion in the week to December 17, according to data from the Reserve Bank of…

A whole new version of the internet could be on the way if cryptocurrency venture capitalists are successful. The term Web 3.0 was first coined by Gavin Wood, co-founder of Ethereum. It's an idea that has been around since 2014 but has…

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Stocks and other risky assets fall sharply at the start of the week's trading, with markets troubled by the rapid spread of the omicron and the apparent death of Biden's Senate infrastructure bill.The omicron variant of the coronavirus…

(MENAFN) On Friday, Turkey's Central Bank interfered in foreign currency markets for the fifth time in December, citing "unhealthy price formations".The interference came as the national currency, the…

Singapore's trade-dependent economy posted a positive surprise, recording a strong rebound in its exports for November. According to data released by Enterprise Singapore, the island nation's domestic non-oil exports rose 24.2%…

Leading fintech app Robinhood has announced the acquisition of the Cove Markets cross-exchange trading platform as it expands its crypto offerings. This move will significantly improve the management of accounts for Robinhood's crypto…

Kenya's foreign exchange (forex) reserves fell by $ 899 million (101.16 billion shillings) in the past three months through December 9 of this year, sending the local currency to new lows. Foreign exchange reserves - key to foreign debt…

By Maneesha DulleweThe Central Bank of Sri Lanka (CBSL) last week denied allegations that a recently published gazette by it led to forced conversions of foreign currency earnings, stressing that the instructions relate to export earnings…

India's foreign exchange reserves fell $ 1.783 billion in the week to December 3, making it the second consecutive weekly decline as foreign portfolio investors remained net sellers in the equity market . Reserves stood at $ 636.905…

Posted December 9, 2021 A middle-aged man, Egbe Godfrey, who claimed to have lost all his savings to a trading company, MBA Trading and Capital Investment Limited in Port Harcourt, Rivers State, has been arrested by police for…

Stock markets surge as Omicron's nervousness eases Another day another directional move in the markets regardless of the latest omicron stock. Following yesterday's news cues from South Africa that the new variant of Covid-19 may be…

Get Forex forecasts using fundamental, sentiment and technical position analysis for major pairs for the week of December 6, 2021 here. The difference between success and failure in Forex trading will most likely depend primarily on which…