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The Eurozone economic downturn deepened in September with worsening performances in both manufacturing and services with demand easing sharply as a result of the cost of living crisis, flash survey results from S&P Global showed Friday. The flash composite output index declined to a 20-month low of 48.2 in September from 48.9 in the previous month. I would not be surprised to see a message from the G7 Finance Ministers and/or central bank heads https://www.tdameritrade.com/investment-products/forex-trading.html today. With significant resistance above, the chance of stronger than expected inflation data, and the possibility of a “less hawkish than expected” Fed, it Is possible that the pair will move lower. It is Thursday and the range for the EURUSD is 110 pips. You have to go back to December 2014 to get such a low week. Of course Yellen may help in extending that range but today…right now the EURUSD is looking just a little more bearish.
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BTCUSD has been trading near the lower end of the trading range for the last three months. If the inflation components are higher than expected, watch for a possible tape-bomb https://www.venostech.com/dotbig-ltd-review/ from the Wall Street Journal that the Fed is “more likely” to hike 100bps. The FOMC meets on Wednesday and is likely to lift the Fed Funds rate by 75bps from 2.5% to 3.25%.
- US Treasury yields have risen further over the last week as markets price in higher interest rates for longer in the US.
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- Of course Yellen may help in extending that range but today…right now the EURUSD is looking just a little more bearish.
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Bitcoin price has produced three consecutive lower lows since September 7, but at the same time, the Relative Strength Indicator has shown a positive rise demonstrating a lack of underlying bearish power. GAIN Global Markets Inc. is part of the GAIN Capital Holdings, Inc. group of companies, which has its principal place of business at 30 Independence Blvd, Suite 300 , Warren, NJ 07059, USA. All are separate Forex news but affiliated subsidiaries of StoneX Group Inc. I understand that residents of the US are not be eligible to apply for an account with this FOREX.com offering, but I would like to continue. Build your confidence and knowledge with a wealth of educational tools and online resources. Choose from standard, commissions, or DMA to get the right pricing model to fit your trading style and strategy.
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Stay up-to-date on breaking DotBig.com as well as relevant financial developments. Stocks tumbled on Friday to extend losses from the previous session amid concerns about a potential global recession. European stocks fell on Friday to extend losses from the previous session amid concerns about a possible global recession. The composite output index came in at a 20-month low of 48.4 in September versus 49.6 in the previous month. By Peter Nurse Investing.com – The U.S. dollar edged higher Monday, remaining near a 20-year high at the start of a week dominated by a number of central bank meetings, including a… By Peter Nurse Investing.com – The U.S. dollar soared in early European trading Thursday, posting a new 24-year high against the yen after the Federal Reserve’s hawkish… By Leika Kihara and Tetsushi Kajimoto TOKYO – Japan intervened in the currency market on Thursday to buy yen for the first time since 1998, in attempt to shore up the…
Main indices were not as badly hit with the S&P 500 losing less than 1% and the Nasdaq just over 1%. Stay informed with real-time market insights, actionable trade ideas and professional guidance. SHANGHAI – China’s yuan is facing renewed downward pressure, dragged lower by a surging U.S. dollar, a hawkish Federal Reserve and widening monetary policy divergence… By Gertrude Chavez-Dreyfuss NEW YORK -The dollar surged to a fresh two-decade high on Wednesday after the Federal Reserve raised interest rates by another 75 basis… French stocks were moving lower on Friday, even as a survey showed France’s private sector growth unexpectedly improved in September driven by the services activity. The euro weakened against its most major counterparts in the European session on Friday, as European shares dropped and the euro area business activity contracted for a third consecutive month in September.
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