USDCAD – Is it a Bearish Wedge? recent updates have stated that “USDCAD upside acceleration is feasible (consolidation could destroy both way), specially thinking about the response from 1.2830s. movements off of this rate produced 2 trending movements in 2015.” A fine bias is warranted at the same time as above 1.2834 but be conscious […]
The forex market is the market in which participants are able to buy, sell, exchange and speculate on currencies. The forex markets is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The currency market is considered to be the largest financial market in the world, processing trillions of dollars worth of transactions each day.
The foreign exchange markets isn’t dominated by a single market exchange, but involves a global network of computers and brokers from around the world. Central banks use their massive buying and selling capabilities to alter exchange rates through their open market activities and in many cases will do so not with profit in mind, but rather for any number of policy reasons. Forex brokers act as market makers as well, and may post bid and ask prices for a currency pair that differs from the most competitive bid in the market.
USDJPY short term Outlook and tiers to recognize ahead US NFPs USDJPY short term The USDJPY is trading sideways across the a hundred and one handle in the remaining couple of buying and selling days after sinking decrease following perceived disappointments from the BOJ monetary policy assertion and the japanese new fiscal stimulus plans. This brief […]
EURUSD to Stage Near Recovery on Poor NFP Report NFP Report Another 180K expansion in U.S. Non-Farm Payrolls (NFP) accompanied by a downtick in the jobless rate may boost the appeal of the greenback and trigger further losses in EURUSD as it puts pressure on the Federal Open Market Committee (FOMC) to further normalize monetary […]
Investors Forex Market BUZZ 8.4.16 This morning, the greenback is trading higher against most of the major currencies, ahead of US initial jobless claims, durable goods and factory orders data, due to release in a few hours. The EUR is trading lower against the USD. According to the ECB’s latest economic bulletin report, uncertainty about global […]
Australian Retail Sales Rise for Fifth Consecutive Month Australian retail sales rose for a fifth consecutive month in June, although gains were much slower than expected, reflecting consumer activity amid election season. Retail sales rose at a seasonally adjusted 0.1% in June, the Australian Bureau of Statistics said in a reporton Thursday. A median estimate […]