4 Global Market Updates- 13 October, 2022

 

In this article, we have covered the highlights of global market news about the USD/JPY, EUR/SEK, USD/CAD and GBP/USD.

USD/JPY consolidates below 147.00, with bulls maintaining control at a 24-year high ahead of the US CPI.

In the first part of the European session, the USD/JPY pair oscillates in a constrained zone and seems to have started a bullish consolidation phase. As investors prepare for the critical US CPI data, spot prices are still close to reaching their highest point since August 1998, near the 147.00 level reached on Wednesday.

The amount of the subsequent interest rate increase by the Fed will depend on the US inflation rate, which will also influence the trajectory of the US dollar and the USD/JPY exchange rate in the short future. While there is suspicion that Japanese authorities may continue to intervene in the currency market, traders prefer to stay out of it. In reality, the government is prepared to step in and take necessary action in response to excessive FX swings, as Japan’s Finance Minister Shunichi Suzuki stated earlier this week.

Read More...

forex trading for beginners

Comments

Post a Comment

Popular posts from this blog

4 Global Market Updates- 6 February, 2023

  In this article, we have covered the highlights of global market news about the  EUR/USD,  AUD/USD , USD/CHF  and  GBP/USD . EUR/USD Price Analysis: The main support level is breached beyond 1.0760 During a slow Monday morning in Europe, bulls and bears compete to control the  EUR/USD  at 1.0800. The leading currency pair struggles to explain the latest Doji candlestick inside a three-day-old negative channel. However, a convergence of the 200-SMA, the bottom line of the indicated channel, and the 50% Fibonacci retracement level of the January-February gain, at 1.0760, limits the short-term downside of the pair. Bearish MACD signals also tempt EUR/USD sellers. Read More... EDGE-FOREX
Read more

4 Global Market Updates- 11 July, 2022

  In this article, we have covered the highlights of global market news about the  UK Conservative leadership, Fiscal policy, US Dollar , and Natural Gas . Candidates for the UK Conservative leadership present contrasting tax strategies. Jeremy Hunt, a candidate for the UK Conservative leadership, said on Monday that he wants to reduce all taxes. “I can decrease taxes within our present budgetary laws,” Hunt continued. While this is happening, several UK media sites claim that UK Finance Minister Nadhim Zahawi intends to impose 20 percent budget cutbacks across the board to pay for his proposed tax cuts. Zahawi ran for the position of prime minister after Boris Johnson. Read More... forex managed account services   #globalmarket #UK #USD #tax #naturalgas #dollar #forex #trading #trade #edgeforex
Read more

4 Global Market Updates- 22 July, 2022

  In this article, we have covered the highlights of global market news about the Price of Natural Gas, Dollar , Crude Oil Prices and  Gold Price . Futures for natural gas: Further increases seem to be unfavorable On Thursday, open interest in natural gas futures markets decreased by around 3.2 thousand contracts, which was the opposite of the previous increase when advanced prints from CME Group were included. After three days of daily increases, volume followed suit and decreased by roughly ten thousand contracts. Read More... forex factory   #leverage #fxtrading #foreignexchange #trading #forextrading #risk #forexnews #globalmarket #edgeforex
Read more