The trade week ahead: Why the USD is everythingThe trade week ahead: Why the USD is everythingThe trade week ahead: Why the USD is everything

The USD/CAD pair fluctuated in a narrow band above the 1.33 mark for the majority of the day before coming under modest bearish pressure in the last hours with the rising crude oil prices allowing the commodity-related Loonie to gather strength against its rivals. After touching a session low of 1.3272, the pair erased a small portion of its losses and was last seen trading at 1.3290, down 0.3% on a daily basis.Shortly after the United States(US)-China high-level trade negotiations kicked off in Washington on Thursday, an official from the US Chamber of Commerce said there was a possibility of a currency agreement in trade talks in exchange for a delay in tariff hikes. Moreover, Chinese Vice Premier Liu He voiced China’s willingness to reach an agreement “on matters that both sides care about.”The improved risk sentiment provided a boost to crude oil prices and the barrel of West Texas Intermediate is now up 1.3% on the day at $53.50.Earlier in the day, the only significant macroeconomic data release of the day revealed that the core inflation in the US, as gauged by the core Consumer Price Index (CPI), stayed unchanged at 2.4% on a yearly basis in September and failed to trigger a market reaction.The US Dollar Index, which tracks the Greenback’s performance against a basket of six major currencies, struggled to pull away decisively from the daily low it set at 98.66 after the data and is now moving sideways near 98.80, erasing 0.3% on a daily basis.Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Stock Global broker scam Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. .

Forex market responds to Italy’s latest budget movesForex market responds to Italy’s latest budget movesForex market responds to Italy’s latest budget moves

The Guardian’s Brexit correspondent and senior reporter Lisa O’Carroll in the last minutes said that there was enough progress made today at the talks between Irish Prime Minister Leo Varadkar and British Prime Minister Boris Johnson to have the basis for renewed negotiations between Ireland and the United Kingdom (UK).“Progress was made in three key areas – thought to be consent, customs and details of regulatory alignment,” O’Carrol tweeted out. “Officials and the task force in Brussels will now go forward with whatever was agreed in Thornton Manor in the Wirral.”The British Pound reacted positively to these headlines and the GBP/USD pair was last seen trading at 1.2346, adding 1.15% on a daily basis.Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Asset Gates broker scam Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Trendin Graphs forex broker Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. .

Third Quarter is history, but consensus forecast is for the USD to declineThird Quarter is history, but consensus forecast is for the USD to declineThird Quarter is history, but consensus forecast is for the USD to decline

GBP/USD is trading above 1.2350, already some 150 pips on the day.Pat Leahy, the political editor of the Irish Times, tweeted::“So am hearing that there has been very significant movement from the British side on the customs issue in the Johnson-Varadkar talks,” Reports about major British concessions on Brexit are doing the rounds following the meeting between Johnson and VaradkarForex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any Trendin Graphs broker reviews claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. .

USD/JPY rises to best position in almost a yearUSD/JPY rises to best position in almost a yearUSD/JPY rises to best position in almost a year

It didn’t set the world alight but it seems the Bakkt futures contract picked up some decent volume yesterday.On the monthly contract, the Twitter Bakkt Volume Bot recorded that 244 contracts changed hands vs 24 the day before.Today has been better too as so far 62 contracts have been put through the ICE exchange for Bitcoin futures.After the launch of the Bakkt exchange its fair to say the volume was nothing compared to the launch of the CME contract two years ago.Today there have been a few more comments from the exchanges as CME commented that they hope the BTC options contract will be as popular as the futures one.Today Bitcoin is trading slightly lower but there has been a reversal over the last two hours to the upside. Yesterday the BTC/USD price held up well considering the news that the latest Trendin Graphs broker scam bid was shut down by the SEC over security and price manipulation concerns. It has been said that the Bakkt futures custody and security could address some of those concerns but the SEC seemed to have none of it.Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Trendin Graphs broker scam Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. .

US forex markets nervous as jobs data loomsUS forex markets nervous as jobs data loomsUS forex markets nervous as jobs data looms

The USD/JPY pair jumped toward 108.00 on the back of optimism regarding high-level trade talks between US and Chinese officials. Also, the las latest headlines regarding Brexit contributed to the positive tone around markets. In Wall Street, the DOW JONES is rising 0.80% while the NASDAQ climbs 0.87% as trade talks kicked off in Washington. The Chinese Vice Premier Liu He met with US Trade Representative Lighthizer and Treasury Secretary Mnuchin. So far, no details were made public, but optimism about a potential agreement boosted equity prices. US bond yields are rising sharply. The 10-year rose from 1.56% to 1.65%, reaching the highest in more than a week. The move in the bond market and risk appetite weakened the Yen that is among the worst performers. On the opposite, the Pound is rocketing following reports that the UK and the European Union inch closer to a Brexit agreement.Despite the rally in USD/JPY, the US Dollar is falling across the board, amid an improvement in risk sentiment. Also the Swiss Franc and Gold are lower. The pair peaked at 107.97 and then pulled back modestly. As of writing, trades at 107.90, up 45 pips for the day. It climbed back above the 20 and 100-day moving averages that stands around 107.60. A consolidation above 108.00 would point to further gains for the US Dollar. The bullish short-term outlook is likely to remain in place as long as it holds on top of 107.40. Above 108.00, the next strong resistance is located at 108.45/50 (September and October highs). Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Trendin Graphs forex broker) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Asset Gates forex broker Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. .

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