The Australian dollar has momentarily halted its downward trajectory against the US dollar, stabilizing around the 0.6565 mark. With a lack of significant domestic data from Australia, the AUD’s movements are largely influenced by the performance of the and economic developments from China. Recently, the weakened to its lowest in a week at 7.2 against
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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
The pair is rising, reaching 148.28 on Friday. The US dollar is strengthening across the market following the release of US retail sales data.This information is prompting market participants to reassess their expectations for the future of the US Federal Reserve’s interest rate policy. The Fed could interpret strong retail sales as a significant inflationary
The pair remains within a sideways range, with the Canadian dollar occasionally showing a tendency to strengthen.Recent DES data revealed that Canadian households have become more affluent. In Q4 2023, their “net” worth increased by 1.8%, or 300 billion Canadian dollars, smoothing out the decline seen in the previous quarter. This increase can be attributed
Justin Low Friday, 15/03/2024 | 06:42 GMT-0 15/03/2024 | 06:42 GMT-0 There is just one to take note of, as highlighted in bold.That being the expiries for USD/CAD around 1.3535-50 near the current levels. That could help to keep price action more limited in the session ahead. However, I’d be more wary of the 100-day
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
There are some large ones to take note of for today, as highlighted in bold.The first ones are for EUR/USD at the 1.0920-40 region. Those expiries are likely to help keep price action more compact in the session ahead, as traders continue to digest the post-CPI reaction from yesterday.Then, there are the ones for USD/JPY