What you need to know on Wednesday, October 13: Market participants continued to fight for a catalyst as the macroeconomic calendar remained tight. Overall, risk aversion dominates the scene amid headwinds from China related to financial stability and the current energy crisis. Additionally, the International Monetary Fund lowered its global growth forecast amid “seeing major […]
Tag: Cryptocurrencies
Forex Today – Asian session: Risk aversion supports the dollar
What you need to know on Tuesday, October 12: The week started in slow motion with market participants searching for new catalysts. Generally speaking, concerns persisted as worrying headlines came from China putting a cap on Friday’s rally in stocks. Once again, Evergrande missed a foreign dividend payment, while another local giant, developer Sinic Holdings, […]
Forex Today – Asian Session: Markets Bullish On US Non-Farm Payroll Report
What you need to know on Friday, October 10: Markets were in a better mood Thursday amid news that Senate Majority Leader Chuck Schumer announced a deal to extend the debt ceiling by $ 408 billion through early December. Furthermore, gasoline prices fell in Europe, taking some of the pressure off these days. Gas prices […]
Dollar weakens modest amid risk flows, markets to remain choppy ahead of NFP
This is what you need to know to trade today Thursday, October 7: The Republican leader of the US Senate, Mitch McConnell, offered a temporary solution to the debt limit crisis to avoid a default and provided a boost to risk appetite late Wednesday. Reflecting the improving mood, the major stock indices in Asia closed […]
Forex Today – Asian Session: Sentiment improves modestly on US debt news.
What you need to know on Thursday, October 7: The major pairs traded alongside market sentiment. Stocks fell in Asia and Europe, weighed down by growth concerns. Concerns about bottlenecks were exacerbated by a 40% rise in gas prices in the UK as the energy crisis worsened. Rising inflationary pressures added to the depressing mood. […]
Forex Today – Asian Session: Caution Grows Ahead of US Employment Figures
What you need to know on Wednesday, October 6: The dollar weakened modestly against most of its rivals, although currency pairs remained within familiar levels. The US data was mixed as Markit’s services PMI came in at 54.9 in September, better than the 54.4 expected. More relevant still, the official US ISM services PMI improved […]
Bitcoin hits $ 50,000 and targets $ 55,000
Bitcoin explodes higher and returns to $ 50,000, could reach $ 55,000 The price of Bitcoin recovers beyond the $ 40,000 value area and returns to the highly anticipated 50,000 zone. Momentum remains strong as the market continues to see hot money inflows into Bitcoin and altcoins alike. The 2021 market profile narrows considerably between […]
Forex Today – Asian Session: The Dollar Cuts Losses
What you need to know on Tuesday, October 5: The dollar lost some ground on Monday, but no critical levels were affected. Dollar losses were limited as the market mood was sour, with the focus on Evergrande and China’s financial stability. The EUR / SD pair is currently trading around 1.1620, after encountering sellers in […]
Forex Today – Asian Session: Overbought Dollar Shows Signs of Exhaustion
What you need to know on Friday, October 1: Risk aversion once again dominated financial markets, although the US currency was not the only beneficiary. Gold prices rose steadily, while safe haven currencies received attention during the last trading session of the month. The dollar has reached overbought conditions against most major rivals, with greater […]
Forex Today – Asian Session: The Dollar Continues to Strengthen
What you need to know on Thursday, September 30: The US dollar continued to strengthen on growth concerns and speculation that the US Federal Reserve will soon begin to cut back its massive stimulus programs. The Chairman of the United States Federal Reserve, Jerome Powell, repeated his statement before Congress. As he did yesterday, Powell […]
