The Labor Department said import prices slid by 1.0 percent in August after tumbling by a revised 1.5 percent in July. The report said industrial production edged down by 0.2 percent in August after climbing by a downwardly revised 0.5 percent in July. With that said, traders should also note the downtrend on the 20 hourly candle timeframe, so the meaning of the candles may require further exploration. Currency PairMoving Average Period CrossedEURAUD50CADCHF50EURTRY20GBPAUD20GBPNZD20USDMXN20 From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that USDTRY has perhaps the strongest trend.
By Peter Nurse Investing.com – The U.S. dollar weakened in early European trade Monday, while the euro jumped to a three-week high as traders reassessed the European Central Bank’s… Stay up-to-date on breaking forex news as well as relevant financial developments. A report released by the Labor Department on Thursday unexpectedly showed another modest decrease in first-time claims for U.S. unemployment benefits in the week ended September 10th. The Labor Department said initial jobless claims slipped to 213,000, a decrease of 5,000 from the previous week’s revised level of 218,000.
The Commerce Department released a report on Thursday showed an unexpected increase in U.S. retail sales in the month of August, although the report also showed a notable downward revision to the July data. Philadelphia-area manufacturing activity unexpectedly contracted in the month of September, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its current general activity index slumped to a negative 9.9 in September from a positive 6.2 in August. European stocks closed lower on Thursday as concerns about slowing growth, tighter monetary policy, and the energy crisis weighed on investor sentiment. Keep abreast of market opportunities in the FX markets with insights, actionable trade ideas and support.
- And in terms of interesting streaks, CADJPY, AUDJPY, TRYJPY and USDJPY have now rallied 8, 8, 8 and 9 out of the past ten trading days.
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- With that said, traders should also note the downtrend on the 20 hourly candle timeframe, so the meaning of the candles may require further exploration.
- For those who pay attention to moving averages, EURCAD may be of particular interest.
- By Gertrude Chavez-Dreyfuss NEW YORK – The dollar gained against the yen on Thursday, climbing in nine of the last 10 sessions, after Federal Reserve Chair Jerome Powell…
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The Commerce Department said business inventories rose by 0.6 percent in July after surging by https://getblogo.com/dotbig-ltd-review-pros-and-cons-of-the-trading-platform-explained/ 1.4 percent in June. Economists had expected business inventories to climb by 0.8 percent.
Economic Calendar In Asia 16 September 2022
By Peter Nurse Investing.com – The U.S. dollar pushed higher in early European trade Thursday, with buyers returning ahead of next week’s Federal Reserve meeting, while the yen… The Federal Reserve released a report on Thursday unexpectedly showing a modest decrease in U.S. industrial production in the month of August. Import prices in the U.S. saw further downside in the month of August, according to a report released by the Labor Department on Thursday.
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Price action traders will also want to note that a base appears to be forming on NZDCHF and USDMXN. The U.S. dollar showed mixed trading against its major counterparts in the European session on Thursday, following the release of a slew of U.S. economic data, including a report showing an unexpected increase in retail sales in August. For those who pay attention to moving averages, EURCAD may be of particular interest.
Factors That Influence Cardano Price
NZD/USD Threatens Yearly Low After Failing to Push Back Above 50-Day SMANZD/USD appears to be tracking the negative slope in the 50-Day SMA (0.6225) amid the string of failed attempts to push back above the moving average. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. By Harish Sridharan – Bearish bets on several Asian currencies hit a record high, driven by a slump in the Chinese yuan and a towering dollar as investors brace for more… By Tommy Wilkes and Dhara Ranasinghe LONDON – Sterling’s slide against the dollar to a rate last seen in 1985 has sparked talk of a dramatic spiral downwards that ends…
Price Action Support And Resistance
Below is a list of currency pairs that crossed key moving average levels over the past day. Over the past hour, GBPUSD stands out as the biggest mover in the forex asset class on a percentage basis, increasing 11 pips (0.1%). Traders interested in intraday trends may wish to observe CADJPY, which has been in an uptrend over the past 100 price candles. Last but not least, it’s worth noting that GBPUSD has crossed its 20 hour moving average.
World Bank: Core Inflation Excluding Energy Could Be 5% In 2023
This website is free for you to use but we may receive commission from the companies we feature on this site. Relative to other instruments in the forex asset class, gbpcad ranked 24th the previous day in terms of percentage price change.
The divergence between the Fed and PBOC, as well as worsening domestic economic woes, offer USD/CNH upside potential. By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK -The precipitous slide in Japan’s currency has run so far and fast it’s spooking big investors, and some are cutting… After a weak start and a subsequent recovery that resulted in a brief stay in positive territory, the Canadian market faltered Thursday morning, and is languishing in the red a little past noon.
Price Action Support and Resistance While price action presents a somewhat objective framework for traders to work with, identifying workable zones of support and resistance requires a bit of subjectivity. By Geoffrey Smith Investing.com — The European Central Bank issued a rare warning about the euro’s sliding foreign exchange rate on Thursday, adding to the DotBig overview global unease among… By Ambar Warrick Investing.com– Most Asian currencies moved little on Monday as caution kicked in ahead of key U.S. inflation data due this week, while the euro extended its… The Federal Reserve Bank of New York released a report on Thursday showing a notable rebound in regional manufacturing activity in the month of September.