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U.S. dollar Unmoved sooner than Fed conferences, Looming Tariff deadline

The U.S. dollar was unmoved on weekday in Asia before central bank conferences and a looming tariff point later in the week.

The U.S. dollar index that tracks a basket of different currencies was unchanged at 97.610 by 12:30 AM ET (04:30 GMT).

On the radiolocation in the week are policy conferences at the U.S. Federal Reserve and also the European financial institution. whereas the 2 central banks aren't expect to announce any vital changes to their policies, traders can pay attention to clues on whether or not additional easing is future next year.

On the Sino-U.S. trade front, investors hoped-for to visualize whether or not Washington can act with a planned Dec. fifteen tariff hike on Chinese product.

Bloomberg according to long that U.S. Agriculture Secretary boy Perdue aforementioned Washington is unlikely to impose additional tariffs on Chinese exports on Dec. 15.

“We have a point bobbing up on the Dec. fifteen for an additional share of tariffs, I don't believe those are enforced and that i assume we have a tendency to might even see some backing away,” Perdue aforementioned, consistent with Bloomberg.

The EUR/USD combine was close to flat at 1.1065, whereas the GBP/USD combine inched up 0.1% to 1.3151.

The AUD/USD combine and also the NZD/USD pair each gained 0.2%.

The USD/JPY combine edged up 0.1% to 108.62.

The USD/CNY combine was very little modified at 7.0382, very little wedged by information nowadays that showed China’s producer indicant was down 1.4% year-on-year, falling for the fifth month in an exceeding row. The drop compared with the 1.5% expected decline and also the 1.6% fall.

Meanwhile, the patron indicant for Nov jumped 4.5% year-on-year, as food costs skyrocketed 19.1% amid a pestilence of African swine fever.
#31 - December 10, 2019, 04:20:30 PM

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Today there will be a FOMC Statement and the announcement of the Fed's interest rates in December 2019 which will have a high impact on currencies paired with the USD. At the last meeting of 30-31 October, the Fed decided to lower its benchmark interest rate by 0.25% to + 1.50% to + 1.75%, in line with market forecasts. for December it is estimated that the Fed will keep interest rates at the level of + 1.50% to + 1.75%.
#32 - December 10, 2019, 10:42:17 PM
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Premarket London: Sterling, FTSE Set to Open Higher on Tory Triumph


The pound and U.K. stocks were set to open sharply higher Friday when Prime Minister Boris Johnson’s conservative party scored a decisive win within the U.K. election, breaking a three-year situation over Brexit and banishing the threat of a left-of-center government with an agenda of nationalization and hostility toward abundant of the money sector.

By 2:45 AM ET (0745 GMT), the pound had settled into vary around $1.3422, some 2% up from late Thursday, albeit that was nearly 1c down from an initial 17-month high of $1.3515.

The pound conjointly rose to its highest against the monetary unit since the 2016 vote on exploiting the EU, before retracing slightly to 1.2022, a gain of 1.7%.

With forecasts inform to a Conservative majority of seventy-eight, the manner is currently clear for Johnson to pass his EU Withdrawal Bill, formally taking the U.K. out of the axis when forty-six years of membership. He’ll then have a year to barter a free-trade modify the EU before the selected transition amount ends.

In the in the meantime, Johnson has securedd a pointy rise publically disbursal on everything from police to hospitals and colleges and renewable energy, a program that, if enforced absolutely, would represent significant financial information.

As such, domestic-themed stocks are set for sturdy gains at the open – with homebuilders, banks, retailers and utilities all possible to be in demand.

There were no restrictive disclosures from FTSE a hundred firms on Friday.
#33 - December 13, 2019, 09:25:44 AM

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At the moment the market is waiting for the Brexit decision. If the sentiment of the Brexit agreement will be reached, the strengthening of the GBPUSD has the potential to continue and Conversely there is opposition from parliament and the revision of the agreement from the Euro Zone will have the opportunity to suppress the GBPUSD
#34 - December 13, 2019, 12:26:41 PM

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Sterling sparkles once election poll, yuan informed trade deal reports
 

 The pound rose to a three-and-a-half-year high versus the euro and therefore the highest in additional than a year versus the greenback once exit polls recommended a win for the Conservatives, that ought to facilitate make sure the UK's swish exit from the ECU Union.

The Chinese yuan rose in offshore trade and therefore the Japanese yen fell once a supply told Reuters that the united states and China have agreed on some tariff reductions and a delay on tariffs set to travel result on Dec. 15.

The early results recommend the election can relieve nearly four years of uncertainty about once Brexit would happen, that ought to be a subsidiary of the pound.

A fortunate scaling back of trade tension would relieve one major current of air to economic process, which suggests lower demand for the safe-haven yen. Avoiding new tariffs ought to even be a lift to China's deceleration economy, which ought to draw additional investors to the yuan.

"We've already seen a robust reaction within the pound from the exit poll," said Michael McCarthy, chief strategist at CMC Markets in Sydney.

"We additionally see an increase in available futures in reaction to 2 important items of stories for markets. this could support international growth. The yuan may also go higher, however, it depends on what quantity greenback strength we get."

Against the euro, sterling (EURGBP=D3) rose around 2% to as high as 82.80 pence, the best since July 2016, that is shortly once the Brexit vote that beat the currency.

The pound surged by 2.2% to $1.3474, reaching the best since might 2018.

The pound plunged quite 10% within the immediate aftermath of Britain's vote to depart the ECU Union in June 2016, whereas $2 trillion was wiped off world markets.

The exit poll, that recommended United Kingdom Prime Minister Boris Johnson would get a majority of eighty-six - the biggest of any Conservative leader since Margaret Thatcher won within the 1980s - ought to empower him to deliver Brexit on January. 31.

Official results are declared over the following seven hours.

Even if Brexit is completed in January. 31, there's still some uncertainty as a result of the United Kingdom will then enter a transition amount throughout that it'll negociate a brand new relationship with the remaining twenty-seven EU states.

In the offshore market, the Chinese yuan rose 0.33% to 6.9273 per greenback, once billowing on Thursday to the best since August. one because of relief a few resolutions to trade friction.

As a part of the trade deal, China has additionally united to get $50 billion of U.S. agricultural product next year, sources at home with the talks told Reuters.

The yuan rallied and therefore the yen fell late on Thursday once Bloomberg News rumored that U.S. President Donald Trump signed off on a trade manage China that may delay a brand new spherical of tariffs scheduled for Dec. 15.

A trade dispute between USA and China over Chinese trading practices that Washington says are unfair has dragged on for pretty much 2 years, creating the stand of the most important risk to the worldwide economy.

Against the greenback, the yen fell to 109.595, the weakest since Dec. 2.

The greenback index (DXY) against a basket of six major currencies fell 0.35% to 96.736, approaching all-time low since July this year.
#35 - December 13, 2019, 05:33:51 PM
« Last Edit: December 13, 2019, 05:41:48 PM by USA Forex Signal »

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I really wanted to learn more about forex in marketing and trading
#36 - March 07, 2020, 07:54:14 PM

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why this starter starter is no longer active, even though the fundamental analysis provided is very good. For the USD currency update I think it will be very helpful because the USD is a very strong currency at the moment.
#37 - March 21, 2020, 10:50:40 AM

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Currently, the global economy in pressure due to coronavirus that infected in any countries in the whole world, this pandemic become big problem in many countries that some country has a policy to lockdown, this very influenced to economy cycle, import and export being affected, market collapse and enforced some broker increasing margin requirement like as FXOpen that increasing margin requirement 5x from normal condition
#38 - March 31, 2020, 01:07:16 AM

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