Forex Training

The U.S. Energy Information Administration said in its weekly report that crude oil inventories fell by 1.071 million barrels in the week ended April 13. Market analysts' had expected a crude-stock decline of 500,000 barrels, while the American Petroleum Institute late Tuesday reported a decline of 1.047 …
See Original Article

(Adds strategist quotes, details throughout; updates prices) * Canadian dollar at C$1.2635, or 79.15 U.S. cents * Loonie touches weakest since April 10 at C$1.2660 * Bond prices mixed across steeper yield curve By Fergal Smith TORONTO, April 18 (Reuters) – The Canadian dollar weakened to a …
See Original Article

Quarterly Forecasts have just been updated, and Q2 forecasts are now available from the DailyFX Trading Guides Page . If you're looking to improve your trading approach, check out Traits of Successful Traders . And if you're looking for an introductory primer to the Forex market, check out our New to …
See Original Article

The Apex Bank said in a statement that it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $55 million for certain dollar … It will be recalled that the CBN had on March 27 also injected $210million into the interbank forex market.
See Original Article

Asian markets are trading generally firmer today despite the selloff in the US on Friday. At the time of writing. Nikkei is trading up 0.65%. China's SSE is back from holiday and is up 0.35%. Hong Kong HSI is up more than 1.8%. However, we'd like to point out that risks for deeper global market selloff …
See Original Article

Hong Kong has been forced to intervene twice in the past two days to support its currency after the Hong Kong dollar slumped to its weakest level since 2005, in a move that risks putting pressure on mortgage borrowers and Hong Kong's high-priced property market. The Hong Kong Monetary Authority …
See Original Article

LONDON, April 9 (Reuters) – The dollar edged higher on Monday, extending a two-week winning streak, as rising stock markets signalled a return in risk appetite, though investors remained wary about trade tensions between the United States and China. A media report that China was evaluating the …
See Original Article

While Asian currencies, which are heavily exposed to global trade, should have taken a hit from the ongoing tit-for-tat trade row and on expectations for faster rate hikes from the US Federal Reserve, most of them have gained this year. The latest Reuters poll of nearly 70 foreign exchange strategists …
See Original Article

The nowcast of the contribution of net exports to first-quarter growth declined from -0.65 percentage points to -0.72 percentage points after this morning's international trade release from the Census Bureau and the BEA. The nowcast of first-quarter real consumer spending growth fell from 1.6 percent on …
See Original Article

The EUR/USD daily Forex chart has been in a trading range for 3 months. The rally of the past 4 days is a breakout of the top of a 3 week wedge bull flag. The EUR/USD daily Forex chart is forming a 2nd leg up from the March 1 low. Trading ranges often have 2 legged moves that test the bottom and top …
See Original Article

EUR/USD has reached multi-year trend lines at 1.25, which also is significant according to Elliott Wave Theory. Our Elliott Wave analysis suggests a large trend lower begins from nearby levels. The Elliott Wave pattern on EURUSD is ripe for a turn lower. We described previously how three ending …
See Original Article

Two plus years later, the pair moved above that level on March 7th and again during Friday's trading (see hourly chart below) Each break failed. … Move below, and then the lower 100 hour MA (that MA stalled the fall earlier) and the buying should turn back to selling as traders lament the failure in March …
See Original Article

Last week, the CBN continued with its weekly forex intervention sales by offeringa total of US$545.43 million into the forex market. A breakdown of this showed that while in offered $210 million on Tuesday an additional injection of N335.43 million. For the $210 million, while $100 million was earmarked …
See Original Article

Investing.com – The dollar's momentum from Friday eased in morning trade in Asia Monday, with the US dollar index struggling to remain above the 90 handle amid news that North Korea might hold talks with the U.S. and halt nuclear testing helped boost market confidence while a U.S. plan to institute …
See Original Article

The locally traded U.S. dollar closed the trading session down 0.39%, quoted at R$ 3.252, after data showed that in February the average wage for the hour worked in the United States performed below the market forecast. The indicator lowers the chances that the United States Federal Reserve Bank …
See Original Article

GBP/USD had a relatively narrow range of trading and eventually ended the week higher. The new budget is the main event in a week that will certainly see Brexit talk moving markets once again. Here are the key events and an updated technical analysis for GBP/USD. UK services PMI beat …
See Original Article

Investing.com – The dollar traded roughly unchanged against a basket of major currencies as fears over a global trade war persisted amid China tariffs, while softer US manufacturing data weighed on sentiment. The U.S. dollar index, which measures the greenback's strength against a trade-weighted …
See Original Article

As trade-war talks heat up there are many U.S stocks coming under selling pressure today. Tyson Foods (NYSE:TSN) is a leading pork producer that is falling lower by $3.56 to $69.59 a share. Tyson's decline comes as China announced an increase in import duties on pork, apples and other products.
See Original Article

Many beginner forex traders make amateur mistakes that cost them money. It is crucial that you avoid forex mistakes (or “erreur trader” as many European traders call it) if you want to get anything worthwhile out of the trade. Some mistakes can demotivate and even make budding traders to drop the …
See Original Article

The Indian rupee surged as much as 11 paise against the US dollar on Tuesday as foreign exchange market opened after an extended holiday of 5 straight days. The forex market was closed for last five days with regard to the nation-wide holidays for Mahavir Jayanti (29 March 2018), Good Friday (30 …
See Original Article