Recession fears are causing both GBP/USD and EUR/USD to move lower. This leaves traders nervous to buy the dip in Gold as it moves to its lowest level since https://scopenew.com/dotbig-ltd-review-advantages-vs-disadvantages/ April 2020. The combination of the UK’s mini-budget and general flight to the US dollar has sent the pound broadly lower and GBP/USD to a new record low.
Stocks fell on Monday and the pound rallied against the dollar after the British government reversed plans to cut the highest rate of income tax that helped to spark a rebellion in her party and turmoil in financial markets. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. None of the blogs or other sources of information is to be considered Forex as constituting a track record. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.
The Pound Is Sent Into The Ground During Thin Asian Trade
German stocks fell sharply on Monday and Eurozone bond yields rose as last week’s red-hot inflation data stoked expectations of aggressive interest rate hikes by the European Central Bank. U.S. stocks sold off on Thursday, erasing the previous session’s rally, dragged down by hawkish Fedspeak and bearish sentiment following negative news from Apple, the world’s largest tech company. And that has seen the yuan weaken to 7.2 against the US dollar, a level not seen since 2008.
Bitcoin price seems to be consolidating and forecasts a tiny rally as it approaches the lower limit of the ongoing range tightening. This development could see altcoins, including Ethereum and Ripple, trigger a quick run-up as well. Forex today was a better place for the commodity complex following a risk on session in Asia where Shanghai shares were up 2.7 pct making for the biggest gain since May 2016 and the CSI300 gained 2.92 pct, . By Harry Robertson LONDON -Sterling fell more than 1% against the dollar and euro on Wednesday after the Bank of England https://scopenew.com/dotbig-ltd-review-advantages-vs-disadvantages/ said it would step in to calm the UK’s frenzied… By Darya Korsunskaya MOSCOW – Russia estimates the new cut-off price for its budget rule that diverts excess oil revenues into its wealth fund at $62-$63 per barrel and… By Sinéad Carew and Alun John NEW YORK/LONDON – After tumbling earlier, sterling rallied against the dollar on Wednesday following the Bank of England’s purchase… KUALA LUMPUR – The weakening Malaysian ringgit, which is at its lowest since 1998, was not a reflection of the state of the nation’s economy, its central bank governor…
Asian Markets Extend Losing Streak
In this week’s edition, we are getting technical on the Nasdaq, WTI, gold and USD/CNH. FXStreet is the leading independent portal dedicated to the Foreign Exchange market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident dotbig investments decisions. The RBNZ’s quarterly inflation survey occasionally has an impact on the kiwi (1pmSyd/11am Sing/HK). I understand that residents of the US are not be eligible to apply for an account with this FOREX.com offering, but I would like to continue. Take control of your trading with powerful trading platforms and resources designed to give you an edge.
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- By Ambar Warrick Investing.com– Most Asian currencies crept lower on Monday as concerns over worsening global economic growth kept the dollar close to a 20-year peak, while…
- XAU/USD battle lines are well-defined around $1,660 ahead of key US events.
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Dailyfxupdate.com- Our goal is to provide traders with all the information and tools they need to trade successfully. Our team of professional traders has been testing Forex brokers for over 12 years and has helped millions of traders find the right broker. We test every broker and rank them based on how well they meet the criteria that traders worldwide are looking for in a Forex broker, and we update our reviews regularly to make sure every trader gets the most relevant information before making a decision. https://www.dukascopy.com/swiss/english/forex/trading/ It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. By Peter Nurse Investing.com – The safe-haven U.S. dollar soared to a new 20-year high in early European trading Wednesday, as more hawkish Fed speak and rising Treasury yields…