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By Yasin Ebrahim Investing.com – The pound steadied Tuesday after plunging to a record-low a day earlier, but the respite is likely to run out of steam as some doubt whether a… 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 top 10 rated forex brokers the dollar on Wednesday following the Bank of England’s purchase… By Joice Alves LONDON – Sterling and the euro fell on Thursday as Prime Minister Liz Truss defended her government tax-cutting budget, while relief at the Bank of… The SNB are expected to hike interest rates tomorrow, which would send their rate above zero for the first time since 2011. In this week’s edition, we are getting technical on the Nasdaq, WTI, gold and USD/CNH.

Fomc As Expected; Markets Extremely Volatile During Presser

By Mike Dolan LONDON – Perhaps remarkably, some of the world’s major economies still hold at least part of their rainy-day savings in sterling and British government… SHANGHAI – China’s yuan is unlikely to continue depreciating rapidly, the state-owned Securities Times said in a front-page commentary on Thursday, as currencies… Rising yields ahead of the FOMC meeting has seen the BOJ announce bond purchases, and implied https://www.forextime.com/education/forex-trading-for-beginners volatility has risen notably for the next 24-hours. Be wary of a “Buy the rumor, sell the fact” trade in the US Dollar after the Fed’s decision later today. BoE is attempting to soothe investor nerves after they were spooked by last week’s mini budget. The yield on the 30-year Gilt has moved from a high on the day of 5.092% down to a low of 3.869%. Equities rose sharply on Wednesday, but the Chinese EV sector struggled.

• We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances.
• 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.
• We are leading source for latest news on cryptocurrency along with technical analysis on the foreign currency, commodities and trading strategies.
• We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
• Despite a rate hike by the BOE of 50bps, GBP/USD is near 37-year lows.

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 Forex broker or reliance on such information. As with all such advisory services, past results are never a guarantee of future results. I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.

Eur

Biotechnology company Moderna, Inc. announced Thursday that it has expanded the Executive Committee to prepare for multiple upcoming new product launches. Effective January 1, 2023, Juan Andres will step into a new role as President, Strategic Partnerships and Enterprise Expansion, and will focus on building out the organization to support the growing pipeline. In this role, he will continue to serve on the Executive Committee and report to Chief Executive Officer Stéphane Bancel. By Ambar Warrick Investing.com– Most Asian currencies rose slightly on Tuesday as the dollar paused its rally below 20-year highs, while the Chinese yuan fell to a new two-year… By Fergal Smith TORONTO – As higher borrowing costs slow Canada’s outsized housing market, investors are betting the Bank of Canada will raise interest rates to a lower…

However, the inconspicuous comments by the central bank left EUR/CHF weary as to if there are more to come. Prospects of some coordinated central bank action and the lack of fresh news may encourage short-side profit-taking… Real gross domestic product decreased at an annual rate of 0.6 percent in the second quarter of 2022 , according to the “third” estimate released by the Bureau of Economic Analysis. The “third” estimate of GDP released today is based on more complete source … By Ambar Warrick Investing.com– Forex broker The Chinese yuan slumped to its weakest level since the 2008 financial crisis on Wednesday, as a flurry of hawkish comments from Federal Reserve… 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… By Peter Nurse Investing.com – The U.S. dollar resumed its seemingly relentless march higher in early European trading Thursday, while sterling slumped as the relief rally…