On Tuesday,October 18, in the Asian session, spot gold weakened in shock, at present, the trading volume is around 1645 US dollars/ounce. The market turbulence caused by the British fiscal policy has subsided, but the expectation that most central banks in the world will further raise interest rates is lingering.
October 11-October 13, 2022, the exhibition was held at the Crowne Plaza Festival City in Dubai. The exhibition is not only the largest trading feast in the Middle East, but also a global financial feast, which provides an international stage for global trading enthusiasts and brokers to exchange and learn from each other and explore the development of the industry.
If you are relatively new to the forex market, then don't be surprised if there are many terms to learn.
On Tuesday, October 18, the dollar index fell 112 intraday, closing down 0.054% at 112.05. The yen hit another 32 year low. The 10-year US Treasury yield hovered at 4%.
• Bank of Survey. • Business confidence has softened but is still positive. • Short-term inflation expectations edged down but remain elevated.
When disaster approaches but does not come, any positive news is received with relief. EURUSD had plenty of factors to take off, and the pair has been up. What’s next? Let us discuss the Forex outlook and make up a EURUSD trading plan.
The potential for a 29% USDJPY rally since the beginning of the year is still untapped. Only currency interventions can stop the pair's growth. Let us discuss the Forex outlook and make up a trading plan.
You are all welcome to our site and get to read about our recent article in which a price forecast for US Crude, XAUUSD, and EURUSD was made using a combination of margin zones methodology and technical analysis. And Based on the market analysis, we recommend entry signals for intraday traders.
Elland Road Capital has pioneered a new path in the world of internet trading. Behind what makes the trading world go "wow" is an innovative trading firm devoted to helping you spice up your trading profession. As the markets have risen dramatically in recent years, so have the trading opportunities. Elland Road Capital is here to create a name for itself by allowing you to lead the way you trade!
On Tuesday, October 18, in the Asian session, spot gold rebounded in shock, once touching the 1660 mark, and currently trading around 1655 dollars.
Week Ahead – Earnings Season To Begin Author – Connor Woods, Senior Market Analyst Date: October 17th – October 21st
People who join with this business must update the situation and condition of the country where the country that issued its currency as foreign exchange.
Global multi-asset broker HFM announced the release of its new mobile application, featuring in-app trading to better cater for the needs of its ever-growing client base. The improved app, available for both Android and iOS users, combines HFM’s industry leading conditions with cutting-edge technology offering traders a fully customized mobile trading experience.
• The dollar extends losses on Monday and returns below parity. • The brighter market sentiment is weighing on the safe-haven USD. • USD/CHF: Below 0.9876 downside pressure will increase – Credit Suisse.
• Despite an upbeat sentiment, USD/JPY is almost flat as rumors of Japanese intervention in the FX market loom. • The USD/JPY daily chart shows the pair as overbought as the RSI above 70 gives a respite to USD/JPY bulls. • Near-term, an ascending triangle in the hourly targets the USD/JPY will rise to 149.36-50.
The week ahead: Currency Price action at the mercy of the Macro Sentiment
On Monday,October 17, the UK announced the withdrawal of most of the tax reduction policies, which boosted market sentiment. The UK bond yield fell about 40 basis points collectively, driving the European and American long bond yields to fall generally, and the European and American stock markets to rise together. As risk sentiment rose, the dollar index fell below the 113 and 112 levels one after another in the session, closing at 112, a sharp drop of 1.068% to 112.11.
On Monday,October 17, in the Asian session, spot gold rose in shock. At present, it is trading near 1652.5 US dollars/ounce, bargain hunting around 1640 and the US dollar has weakened slightly, providing a rebound momentum for the gold price. Since last weekend, the British government has been actively dealing with the pension crisis and tax cuts, and is prepared to issue a statement on the medium-term fiscal plan in advance, which helps the pound rebound and further depress the dollar.
You need to realize that if someone already believes in your trading technique, then that means many will pay attention, like an expert. Everyone can make other traders think that they are an expert if they know the right words.
On Friday, October 14, the dollar index rose 0.756% to 113.32. British political farce dominated the day's foreign exchange market. After Truss fired kwarten, the pound fell more than 1% against the dollar to below $1.12. After Truss appointed Hunter as the new Chancellor of the exchequer and announced a policy U-turn, the pound fell further against the US dollar, and then recovered some of its lost ground. The dollar rose to 148 against the yen, a new high since August 1990.