In this week’s edition, we discuss the pound’s extreme volatility amid the BoE’s intervention and government’s questionable policy response to soaring cost of living crisis in the UK. Markets will be waiting on pin https://www.forextime.com/education/forex-trading-for-beginners and needles this week to see which central bank may be the next to intervene. Bitcoin price seems to be consolidating and forecasts a tiny rally as it approaches the lower limit of the ongoing range tightening.
By Darya Korsunskaya MOSCOW – Russia estimates the new cut-off price for its budget rule that diverts excess oil revenues into its wealth fund at $62-$63 per barrel and… By Sinéad Carew and Alun John NEW YORK/LONDON – After tumbling earlier, sterling rallied against the dollar on Wednesday following the Bank of England’s purchase… By Gertrude Chavez-Dreyfuss NEW YORK – Sterling rose sharply in volatile trading on Thursday, rallying from record lows hit on Monday, Forex after the Bank of England… By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the second quarter, with the… KUALA LUMPUR – The weakening Malaysian ringgit, which is at its lowest since 1998, was not a reflection of the state of the nation’s economy, its central bank governor… A checklist is a vital part of the trading process; helping traders to be disciplined and confident.
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By Peter Nurse Investing.com – The safe-haven U.S. dollar soared to a new 20-year high in early European trading Wednesday, as more hawkish Fed speak and rising Treasury yields… By Laila Bassam, Timour Azhari and Tom Perry BEIRUT – Lebanon plans to slash its official exchange rate, replacing the 1,507 per dollar rate adopted 25 years ago with a…
By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trading Monday, while sterling also gained after the U.K. By Alexander Villegas and Natalia A. Ramos Miranda SANTIAGO DotBig.com – Chile’s sliding peso got a shot in the arm in July from a huge $25 billion central bank intervention, but… After the BOJ and the BOE intervened in the markets, traders are asking “Who’s next?
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The UK manufacturing sector shrank again in September as companies cutback production amid falling orders, final survey data from S&P Global showed on Monday. The S&P Global/Chartered Institute of Procurement & Supply manufacturing Purchasing Managers’ Index https://activerain.com/blogsview/5725992/dotbig-ltd-review–why-trade posted 48.4 in September, up from 47.3 in August. However, the inconspicuous comments by the central bank left EUR/CHF weary as to if there are more to come. Stay informed with real-time market insights, actionable trade ideas and professional guidance.
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- By Gertrude Chavez-Dreyfuss NEW YORK – Sterling rose sharply in volatile trading on Thursday, rallying from record lows hit on Monday, after the Bank of England…
- MOSCOW – Russia’s top business lobby called on Friday for the central bank to build up its reserves of the Chinese yuan in a bid to stabilise the rouble, which is…
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- Forex today was a better place for the commodity complex following a risk on session in Asia where Shanghai shares were up 2.7 pct making for the biggest gain since May 2016 and the CSI300 gained 2.92 pct, .
I spent 20 years as an institutional currency broker, working at some of the best broking houses in the world and traded in Cash, Forex Bonds, and Forward Rate Agreements. I regularly closed deals of $25 million and sometimes up to $1 billion per ticket.