4 Global Market Updates- 29 September, 2022

 

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

USD/CNH Price Analysis: Fades off weekly support at 7.2000.

Early on Thursday morning in Europe, USD/CNH reverses the day’s loss from the record high despite recent inactivity around 7.1880.

As a result, the offshore Chinese yuan (CNH) pair bounces off a horizontal region made up of many lows noted since Monday while RSI remains stable (14). The pair’s upward momentum is hampered by negative MACD indications and the buyer’s failure to control the price above the psychological level of 7.2000.

However, it should be noted that any retreat movements below the indicated immediate support around 7.1460-50 are expected to be met with resistance from an upward-sloping support line from September 13 that is, as of the time of the press, near 7.1280.

Read more...

forex managed funds 

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