High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
The Australian Dollar receives support from the hawkish sentiment surrounding the upcoming RBA monetary policy decision. The AUD could have received support as the PBoC injected liquidity into the banking system. The AUD/USD pair remains solid as the RBA is expected to keep Official Cash Rate steady at 4.35% on Tuesday. The Australian Dollar (AUD) gains ground against the…
RBA members are feeling pressured as they continue to keep interest rates high despite cooling price pressures and slowing economic growth. What are the markets expecting from the event and how may AUD react to this week’s decision? We’re discussing the points you need to know if you’re trading the event! This Article Is For Premium Members…
Plenty of open mouths coming up during US time. The times listed below are in GMT/US Eastern time format: 1200/0800 Federal Reserve Bank of Atlanta President Raphael Bostic speaks virtually on the economic outlook before the Distinguished Speakers Seminar convened by the European Economics and Financial Centre at the University of London 1415/1015 Federal Reserve Bank of Chicago President…
GBP/USD trades on a softer note near 1.3310 in Monday’s Asian session. Rising bet on further Fed rate cuts later this year might undermine the US Dollar. The preliminary September UK/US PMI data will be in the spotlight on Monday. The GBP/USD pair edges lower to 1.3310, snapping the three-day winning streak during the early Asian session on Monday….
The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate than expected is typically…
AUD/USD loses ground near 0.6810 in Monday’s early Asian session. The expectation of further Fed rate cuts this year might weigh on the USD in the near term. The RBA is expected to keep the OCR unchanged at its September meeting on Tuesday. The AUD/USD pair trades with a mild negative bias around 0.6805 during the early Asian session…
Preliminary Judo Bank S&P Australian Manufacturing PMI slips deeper into contraction at 46.7 Services slips lower but remains in expansion at 50.6 Composite dragged into contraction by the sliding manufacturing PMI, composite comes in at 49.8 In summary from the report commentary: manufacturing sector contracted, posting its lowest index reading outside of the pandemic The weakness in PMI activity…
United States Baker Hughes US Oil Rig Count: 488 vs 485
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
