FX option expirations for May 6 at 10am New York time – Forexlive
Market Update on EUR/USD Movements As noted in today’s discussions, caution is warranted regarding the EUR/USD, particularly around the 1.1325 mark. This level coincides with the 100-hour moving average, which might limit price variation observed in the previous session, particularly near the 200-hour moving average positioned at 1.1347. The dollar seems relatively stable after a […]
USD edges up slightly in Asian morning trading – Forexlive
High risk warning: Forex trading comes with significant risks that might not be appropriate for every investor. The use of leverage adds more risk and potential for loss. Before engaging in Forex trading, it’s crucial to carefully evaluate your investment objectives, level of experience, and risk appetite. Keep in mind, you could lose your initial […]
Hong Kong’s central bank steps in to support the Hong Kong dollar – Forexlive
Hong Kong Central Bank Intervention HKMA is selling HK$60.543 billion to the market as the Hong Kong dollar hits the strong end of its trading range. Since 1983, the Hong Kong dollar (HKD) has been pegged to the US dollar under a linked exchange rate system designed to maintain exchange rate stability and foster investor […]
Dollar remains stable during the trading session – Forexlive
Market Update It’s the start of a new week, yet the familiar trends continue to play out. The dollar is feeling some pressure again as risk sentiment appears to be steadier today. The S&P 500 futures have dropped 0.9%, but given the recent nine-day rally, this seems more like a temporary pause. Throughout that rally, […]
Mr Yen says Completely untrue about media report that Bessent said stronger yen preferable – Forexlive
High risk warning: Forex trading has a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding on Forex trading, carefully consider your investment goals, experience level and risk tolerance. You could lose your initial investment. Don’t invest money you can’t afford to lose. […]
USDCAD awaits breakout as price consolidates between key moving averages – Forexlive
Canada’s retail sales in February were -0.4% as expected, but former cars were stronger (there was a tough month in the automotive industry). Looking at preliminary March data in the future, our forecasts are against a solid 0.7% increase. This data helped to push CAD moderately high (low USDCAD), but there is still a pair […]
FX option expiries for 25 April 10am New York cut – Forexlive
Once you try to finish the week, once again the effect of the option expiration date should be relatively restricted. There are a few big ones, but I’m not sitting there because I’m too close to the current spot level. As we and China are becoming more and more committed to exempting certain goods from […]
FX option expiries for 21 April 10am New York cut – Forexlive
Today’s board meeting does not have a major expiration date. That’s highly anticipated considering it’s Easter on Monday. So, it should be noted that liquidity situation remains thin as major markets in Europe today are still closed. It should also exacerbate flows in all markets, not just major currencies, but all markets, including gold and […]
Oil is celebrating the anniversary of its worst day ever with some early losses – Forexlive
Five years ago, today marked one of the most crazy days of all time in the commodity futures market. The May 2020 WTI contract began the day at $17.85 and was absolutely truly broken. It held for a while with big round numbers like $10 and $5, making a stand of zero and then completely […]
Six reasons why the US dollar is struggling (and will continue to) – Forexlive
The story of the Trump administration so far is the weakness of the US dollar. Although policy making is confusing, when talking to people in the market, they emphasize three fears. The following US growth Higher US inflation Lower productivity/dynamism These are classic features of a poorly performed economy, but also 180-degree turns from what […]