The pair has taken a nosedive from 145.80 to a low of 142.48 currently as Japanese authorities step in to buy the yen against the dollar for the first time since June 1998. It’s a historic move in markets and a massive signal of their resolve. I was definitely one that had been underestimating the
admin
NEW DELHI: Gold prices dropped on Thursday, hovering near two and a half year lows after the US Federal Reserve increased interest rates by another 75 basis points and flagged more hikes. Fed Chair Jerome Powell vowed that he and his fellow policymakers would “keep at” their battle to beat down inflation, as the US
Dollar broke out to the upside overnight following hawkish Fed hike. At the same time, it’s closely trailed by Swiss Franc for now, on geopolitical risks. Risk aversion is also keeping Yen afloat in crosses, despite strong rally in treasury yields. For now, Kiwi is the worst performer for the performer among the weak commodity
At its September monetary policy meeting on Thursday, Indonesia’s central bank, Bank Indonesia (BI), hiked its 7-day reverse repo rate by an unexpected 50 bps from 3.75% to 4.25%. The central bank Governor Warjiyo noted that the rupiah depreciation is relatively better than peers. Additional Comments Global inflation has risen amid geopolitical tensions, protectionist trade policies. Core inflation
Greece is globally recognized for its touristic lures of idyllic beaches and a laid-back lifestyle. Prior to the outbreak of the global pandemic, the World Travel and Tourism Council said that tourism generated over one-fifth of Greece’s total GDP. This year, the country faced a record number of travelers during its summer tourism season. In
Does the Stair Master really work 5 Minute scalping strategy! A simple strategy that gives entries using TSV and a fractal channel. ? Get access to all my Trading Strategies & Perks : ? https://www.patreon.com/DaviddTech New Official Telegram Group https://t.me/DaviddTech ? Start Trading on my favourite exchange? ByBit : https://partner.bybit.com/b/daviddtech Another best tradingview strategy that
FREE Advanced Pattern Tutorial – https://www.thetradingchannel.net/optinpage EAP training program – https://goo.gl/5cP1Z5 In this video i show exactly what i look for during my morning analysis in order to present myself with trading opportunities throughout the day. I think that morning analysis is a very important part of trading, so i hope this helps to show
In this video, I will be revealing an INSANELY profitable Heikin Ashi trading strategy using Supertrend indicator. The strategy can be used for scalping, day trading, and swing trading. The trading strategy uses 2 supertrend indicators to make huge profits. Heikin Ashi charts help in filtering the noise and therefore they are important part of
The GBPUSD moved to a new low going back to 1985 on the Fed hike, with the low reaching 1.12349. The price then snapped back higher and raced back to the swing lows from Friday, Monday and yesterday between 1.1350 – 1.13568. The high price reached 1.13564 on the rebound between that swing area (see
The major US stock indices are closing lower and near lows for the day as traders react to the more hawkish Fed rate projections. The Fed now sees a end of year rate of 4.4% which is higher than the markets expectations going into the report. They also see the terminal rate at 4.6% in
Gold prices in the national capital rose by Rs 152 to Rs 49,871 per 10 grams on Wednesday, amid a rise in international precious metal prices along with rupee depreciation, according to Securities. In the previous trade, the yellow metal had closed at Rs 49,719 per 10 grams. Silver also jumped by Rs 333 to
Euro is sold off broadly, together with Sterling, after Russia announced partial military mobilization. Reactions in European stock markets are muted, nevertheless. For now, Swiss Franc is the strongest one for today, followed by Dollar, Canadian and Yen. Aussie and Kiwi are mixed. Focuses will now turn to FOMC rate decision first, followed by BoJ,
AUD/USD bulls have eyes on the 0.6720s despite hawkish Fed. The US dollar has dropped from the post-Fed rate hike highs. AUD/USD has rallied following a 30 pip drop below the round 0.6650 level that came on the back of the knee-jerk reaction to the Fed’s interest rate hike. AUD/USD, however, recovered from a session
The GBPUSD has been waffling above and below the 2020 low at 1.1408 and the old 2022 low from September 7 at 1.1404. The price is trying to move further away from those lows in the current hourly bar with the price at 1.1388 currently. The sellers are making a play with the low for
The key takeaway from Putin’s announcement is that Russia has stepped up its aggression in maintaining a key focus on the conflict in Ukraine and that presents more relative uncertainty to markets. After having seen what happened with natural gas supplies, there is a risk that we could see that carry over to oil markets
NEW DELHI: Gold prices were trading flat on Wednesday, hovering near their lowest levels since April 2022 as investors prepared for the likelihood of another super-sized interest rate hike from the US Fed in its effort to tackle inflation. The dollar index hovered close to a two-decade high marked earlier this month, while the benchmark
Dollar is staying as the strongest one for the week as markets await FOMC rate hike. Yet, the greenback is still held below last week’s high against most counter parts except Loonie and Kiwi. Swiss Franc is also resilient while markets are speculation a larger than expected hike by SNB later on Thursday. Commodity currencies
Russian President Vladimir Putin attends a meeting of heads of the Shanghai Cooperation Organization (SCO) member states at a summit in Samarkand, Uzbekistan September 16, 2022. Foreign Ministry Of Uzbekistan | via Reuters Ukraine’s counteroffensive, which has seen vast swathes of Russian-occupied territory get recaptured, could be compounding Russia’s economic troubles, as international sanctions continue