AUD/USD losses traction and plummets to two-week lows around 0.6930s after solid US data
AUD/USD falls sharply by more than 100 pips on US economic data. The US Nonfarm Payrolls report almost tripled the market’s expectations for job creation. US ISM Non-Manufacturing PMI is back at expansionary territory. AUD/USD collapsed after US economic data on Friday showed that the labor market remains tight, and it would keep the US […]
USD/CAD pares Wednesday’s losses and climbed back above 1.3300 on a buoyant US Dollar
The rate hike by the US Federal Reserve tumbled the USD/CAD to new YTD lows. Falling oil prices and solid US labor market data underpinned the USD/CAD. USD/CAD traders are eyeing Friday’s US Nonfarm Payrolls data alongside ISM Non-Manufacturing PMIs. USD/CAD is recovering some ground after posting minimal losses Wednesday, which sent the pair into […]
USD/CHF extends Fed-inflicted losses towards 0.9020 support, central banks, US NFP eyed
USD/CHF prints three-day downtrend as sellers flirt with 18-month low. Fed drowned US Dollar with dovish hike, downbeat US data also favor USD/CHF bears. Monetary policy decision from ECB, BoE could escalate market volatility, making them important to watch. US jobs report eyed as Fed Chair Powell showed readiness to cut the rates. USD/CHF remains […]
Room for extra losses near term
Considering advanced figures from CME Group for crude oil futures markets, traders added around 16.4K contracts to their open interest positions on Tuesday, clinching the third consecutive daily advance. On the other hand, volume resumed the downtrend and dropped by around 133.6K contracts. WTI faces a minor support near $78.00 Prices of the WTI started […]
AUD/USD and NZD/USD At Risk of Additional Losses – Analytics & Forecasts – 20 January 2023
AUD/USD declined below the 0.7000 and 0.6950 support levels. NZD/USD also declined towards 0.6365 and is currently attempting a recovery wave. Important Takeaways for AUD/USD and NZD/USD · The Aussie Dollar started a fresh decline from well above the 0.7000 level against the US Dollar. · There was a break below a key bullish trend […]
Asia FX drifts lower on hawkish Fedspeak, weekly losses on tap By Investing.com
© Reuters By Ambar Warrick Investing.com — Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as data released earlier showed that […]
Australian dollar extending its losses, USD more broadly higher
<p>The Australian dollar dropped after the employment report:</p><p><a href="https://www.forexlive.com/news/australian-december-unemployment-rate-35-vs-expected-at-34-and-prior-also-34-20230119/" target="_blank" rel="follow" data-article-link="true">Australian December unemployment rate 3.5% vs. expected at 3.4% and prior also 3.4%</a></p><p><a href="https://www.forexlive.com/news/australian-dollar-lower-following-the-jobs-report-20230119/" target="_blank" rel="follow" data-article-link="true">Australian dollar lower following the jobs report</a></p><p>AUD/USD has extended lower still, to just under 0.6900. </p><ul><li>NZD/USD has lost some ground with it.</li><li>EUR is a touch softer. USD/JPY has […]
Yen lower as BOJ sticks to ultra-easy policy, losses trimmed By Reuters
© Reuters. FILE PHOTO: Japanese yen and U.S. dollar banknotes are seen in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration By Samuel Indyk and Ankur Banerjee LONDON (Reuters) – The yen dropped against major currencies on Wednesday after the Bank of Japan maintained ultra-low interest rates, although it recovered some ground on expectations […]
Why You Should Use Wide Stop Losses » Learn To Trade The Market
Stop loss placement is perhaps the most overlooked and misunderstood piece of the trading ‘puzzle’… Aside from the particular trading strategy you use to navigate and trade the markets, ‘where you place your stop loss’ is arguably the most important aspect of every trade you take. One of the core tenets of my trading approach […]
Extra losses appear favoured in the short term
CME Group’s flash data for natural gas futures markets showed another daily build in open interest on Tuesday, now by around 16.6K contracts. On the other direction, volume shrank by nearly 60K contracts, extending the ongoing choppiness. Natural Gas: Key support emerges at $3.50 Tuesday’s marked retracement in prices of the natural gas was in […]