Asian shares extended overnight global gains thanks to strong results from regional tech firms and U.S. retailers, while investors also took comfort from Federal Reserve minutes showing a pause to its rate hikes is on the cards
The Japanese index initially pulled back during the session on Thursday but then turned around to show signs of life. The market is currently threatening the ¥27,000 level, which happens to coincide quite nicely with a downtrend line that makes up the top of the channel that I have marked on the chart. If we can break above there, then it’s likely that we go looking to the €27,500 level next. What’s interesting about that level is that it also includes the 200 Day EMA.
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Japanese Prime Minister Fumio Kishida said on Friday that his government continued to debate capital gains tax as “one of the issues”.
The United States' non-farm payroll data release is always something that forex traders look out for. What is this event all about? Why is it so important? In today's article, WikiFX will provide some insights on this economic event and how you can keep up with impactful events conveniently from now onwards.
Low crude oil production means Nigeria is barely able to cover the cost of imported petrol from its oil and gas revenue, Finance Minister Zainab Ahmed told Reuters on Thursday.
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Gold markets have fallen initially during the trading session on Thursday but turned around to show signs of life again. By doing so, the market looks as if it is trying to overcome the 200 Day EMA, but it’s obvious that there is a lot of noise in this general vicinity. With that in mind, I think we will continue to see a lot of choppy behavior, and as we have had very little clarity, I would anticipate that we will continue to focus more on short-term charts than anything else.
The U.S. dollar sank to a one-month low versus major peers on Friday as traders lowered Federal Reserve rate hike expectations amid signs the central bank might slow or even pause its tightening cycle in the second half of the
The Bank of Russia Thursday lowered its key interest rate to 11% from 14%.
The Federal Reserve could pause its monetary policy tightening in September if there is an economic deterioration and inflation subsides
To badly misquote John Lennon: Everybody's talking about inflation, stagflation, capitulation, globalization, stagnation.
Fed officials agreed at their meeting this month that they need to raise US interest rates by half a point in their next two meetings and continue with a set of aggressive moves that would leave them the flexibility to change gears later if necessary. Despite that, the price of the USD/JPY currency pair remained stable bearishly around the support level 127.25 after lower losses to the support level 126.35 this week, amid strong selling to correct from its highest level in 20 years.
Oil’s bull run is taking little notice of the strong U.S. dollar, breaking crude’s historical inverse link to the greenback and giving analysts confidence it has further to go based on current market fundamentals.
AVAX/USD has seen its value slide in early trading this morning, as the cryptocurrency fell through the key support and continued to stumble.
The Dow Jones Industrial Average continued to rise during its recent trading at the intraday levels, to achieve gains for the fourth consecutive session, by 0.60%, to add 191.66 points to it. It settled at the end of trading at the level of 32,120.29, after rising in Tuesday's trading by 1.98%.
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At 0610 GMT, the rand traded at 16.2270 against the dollar, around 0.45% weaker than its previous close.
Many Forex traders may believe that a larger broker is superior to a smaller broker due to advantages such as economies of scale, a stronger position in liquidity, and increased scrutiny from the public and regulatory entities. Traders' trading needs and objectives vary, so it is critical for traders to compare and evaluate brokers to find the one that best meets their needs. That said, let’s look at some advantages that stand out for large forex brokers.
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