Forex Daily News

[ad_1] CoinGlass reported that $72 million worth of short positions were liquidated on the spike higher from the false SEC approval news US Government holds around 200,000 bitcoins, worth over $5 billion SEC refrains from asking court to change decision on Grayscale bitcoin ETF Bitcoin’s surge above $30,000 quickly disappeared …

[ad_1] Safe-haven flows likely to head Swiss franc and gold’s way as US debt concerns and liquidity concerns grow A week filled with Fed speak will see Wall Street focus on Fed Chairman Jerome Powell’s speech on Thursday Empire Manufacturing contracted in October: -4.6 vs -6.0 eyed; Outlook for prices …

[ad_1] AUD/USD climbs 0.70% Australia releases RBA minutes on Tuesday The Australian dollar has started the week with strong gains. In the North American session, AUD/USD is trading at 0.6339, up 0.70%. The Aussie is coming off an awful week, declining 1.39%. The US inflation report on Thursday caused a …

[ad_1] UK releases employment data on Tuesday BoE’s Bailey says rate decisions will be tight The British pound has started the week in positive territory. In the European session, GBP/USD is trading at 1.2166, up 0.17%. The pound had a rough week, falling by 0.74% after a hotter-than-expected US inflation …

[ad_1] UK releases employment data on Tuesday BoE’s Bailey says rate decisions will be tight The British pound has started the week in positive territory. In the European session, GBP/USD is trading at 1.2166, up 0.17%. The pound had a rough week, falling by 0.74% after a hotter-than-expected US inflation …

[ad_1] In New Zealand: New Zealand dollar rebounds after awful week Services PMI crawls into expansion territory Inflation expected to almost double in third quarter The New Zealand dollar has started the week with strong gains. In the European session, NZD/USD is trading at 0.5919, up 0.55%. It was a …

[ad_1] In New Zealand: New Zealand dollar rebounds after awful week Services PMI crawls into expansion territory Inflation expected to almost double in third quarter The New Zealand dollar has started the week with strong gains. In the European session, NZD/USD is trading at 0.5919, up 0.55%. It was a …

[ad_1] Last Monday’s Asia session (9 October) gap up in price actions seen in WTI crude oil has been filled at the US$83.20 support on Thursday, 12 October. A positive follow-through was seen on last Friday, 13 October where its price actions ended with a daily bullish “Marubozu” reversal candlestick …

[ad_1] CHF was the top-performing currency among the USD pairs in the past five days. An uptick in geopolitical risk premium has reinforced CHF’s safe haven status. CHF/JPY short-term and major uptrend phases remain intact with the next intermediate resistance coming in at 167.90/168.30. This is a follow-up analysis of …

[ad_1] With more than 20 years’ trading experience, Ed Moya is a senior market analyst with OANDA, producing up-to-the-minute intermarket analysis, coverage of geopolitical events, central bank policies and market reaction to corporate news. His particular expertise lies across a wide range of asset classes including FX, commodities, fixed income, …

[ad_1] US This week Wall Street will learn how quickly the US consumer is weakening and if the manufacturing part of the economy is close to entering recovery mode. The US retail sales report for September is expected to show monthly sales increased 0.3%, down from the 0.6% in the …

[ad_1] Dollar remains strong on safe-haven flows spurred by the Israel-Hamas war Gold volatility surges the most since March Oil prices surge on disruption concerns The Canadian currency and Australian are both weaker against the greenback as fears of rising global market turmoil grow as the Israel-Hamas conflict escalates.  Oftentimes …

[ad_1] Univ of Mich: Short- and longer-run inflation expectations surge (1-year rises to 3.8% and 5-10 year rise to 3.0%) Consumer  sentiment plunges from 68.1 to 63.0, worst slide since June 2022 Bank stocks initial rally faded It has been a very busy Friday on Wall Street. Stocks traded mostly …

[ad_1] China inflation dips to 0.0% Australian dollar sinks after US inflation and employment data The Australian dollar is unchanged on Friday, trading at 0.6312. The Aussie was roughed up by the US dollar a day earlier and plummeted 1.56%, its largest one-day decline since August. The sharp downswing was …

[ad_1] The Japanese yen is slightly lower on Friday. In the European session, USD/JPY is trading at 149.63, down 0.12%. The US inflation report for September was unchanged at 3.7% y/y, but this was higher than the market estimate of 3.6% y/y and the market reaction sent the US dollar …

[ad_1] US headline CPI higher than expected US jobless claims remain low New Zealand Manufacturing Index declines The New Zealand dollar is lower on Friday after a massive plunge a day earlier. In the European session, NZD/USD is trading at 0.5911, down 0.25%. The US inflation report was stronger than …

[ad_1] Dollar holds onto gains as projected rate hike bets hold firm Treasury 30-year auction sees soft demand as concerns grow over rising deficits Yen’s October rally nearly completely erased as US growth exceptionalism remains in place The BOJ must be frustrated that the yen’s rally at the start of …

[ad_1] US CPI unchanged, core CPI declines NZD/USD falls 1.2% New Zealand to release Mfg. Index on Friday The New Zealand dollar is sharply lower on Thursday. In the North American session, NZD/USD is trading at 0.5943, down 1.27% on the day. The US dollar has strengthened against the major …

[ad_1] Treasury curve rises across the board; 2-year rises 9.7bps to 5.079%,  5-year higher by 10.3bps to 4.680%, the 10-year increases by 10.3bps 4.662%, and the 30-year jumped 10.5bps to 4.799% Sticky inflation and steady claims send USD higher against all its major trading partners; yen only 20+ pips away …

[ad_1] US CPI expected to ease US PPI surprised to the upside The Australian dollar is showing limited movement on Thursday. AUD/USD is trading at 0.6410 in the European session, down 0.05%. All eyes are on US consumer inflation, which will be released later today. On Wednesday, the producer price …

[ad_1] +297 pips of rebound seen in AUD/JPY from 3 October 2023 low of 93.06 has reached a key short-term resistance zone of 95.70/96.00. The up move from 10 October to 12 October 2023 has been accompanied by a weakening of upside momentum as indicated by the hourly RSI. Watch …

[ad_1] UK GDP bounces back with 0.2% gain FOMC minutes: Restrictive policy to continue until inflation falls to target The British pound continues to have a quiet week. In the European session, GBP/USD is trading at 1.2302, down 0.08%. UK’s GDP rises 0.2% The UK economy grew by 0.2% in …

[ad_1] OANDA Senior Market Analyst Craig Erlam joins Trader Nick to discuss today’s moves in the markets after US PPI data and ahead of the Fed minutes and CPI releases. Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. …

[ad_1] OANDA Senior Market Analyst Craig Erlam discusses the recent recovery in gold as traders flocked to safe havens and Fed policymakers retreated from their recent hawkish positions. Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are …

[ad_1] Minutes: Fed sees ‘restrictive’ policy staying in place until inflation eases 10-year Treasury yield resumes slide post minutes, down 5.4bps to 4.599% Inflation expected to moderate given energy price trends in September; while core proves to be sticky These Fed Minutes seem to be particularly old given everything we’ve …

[ad_1] The US dollar pared losses after a hot PPI report but still settled lower as Wall Street focused on the latest Fed speak that had two hawks dial down dial the immediate need for further tightening.  The high-beta currencies might struggle for further gains until Wall Street sees tomorrow’s …