Category: Forex Trading News

Instantly update and podcast Forex & Currencies News and Analysis from varies forex trading media. We summarize all Forex & Currencies market news and provide a sitemap with forex trading news summary & link for the one who wanted to catch up forex market change in timely manner.

USD moves lower and is the weakest of the major currencies in early trading today

Dollar is lowest vs the NZD and AUDThe USD is heading lower and is the weakest of the majors in early trading today.  The pair is the weakest vs the NZD (up 0.31%) and AUD (up 0.27%) which are trading to new session highs as I type. The greenback is also higher vs the EUR and GBP (each up 0.18%).  Some technical levels:EURUSD: The EURUSD cracked above the 100...

China’s Shanghai composite index opens up 0.22%

Higher for the 3rd day China's Shanghai composite index is trading up 0.22% at the opening at 3590.93.  the index is moving higher now and trades at 3597.04.Looking at the daily chart the price is approaching a topside trend line at 3599. Move above that level will target the January 18 high at 3608.48. Above that is the 2021 high price at 3622.14.Meanwhile the Hang Seng index is trading...

Nasdaq Hits Record High as Biden Takes Office, Hang Seng Eyes 30,000

NASDAQ 100, HANG SENG, ASX 200 INDEX OUTLOOK:A “risk-on” rally extended on Wall Street, backed by strong earnings and Biden’s inaugurationThe Hang Seng Index looks set to extend gains beyond the 30,000 mark, led by the tech sectorBoJ, ECB interest rate decisions and US weekly jobless claims are in focus today Recommended by Margaret Yang, CFA Get Your Free Equities Forecast Get My Guide Nasdaq 100, US Earnings,...

ASX up on Biden’s new era and more Australians in work

The ASX is rising on Thursday as Joe Biden's inauguration boosts global sentiment and local data shows the Australian unemployment rate is dropping.As of 12:00pm, the ASX 200 was up 0.6 per cent to 6,814.The All Ords was also up 0.6 per cent.Market snapshot at 10:30am (AEDT):ASX 200 +0.8pc at 6,821AUD: 77.44 US cents, 56.74 British pence, 63.95 Euro cents, 80.18 Japanese yen, $NZ1.08US: Dow Jones +0.8pc at...

Australian Dollar Forecast: Jobs Report Fails to Inspire AUD/USD

Australian Dollar, AUD/USD, Covid, Australian Jobs Report – Talking PointsUpbeat Wall Street session may boost Asia-Pacific sentiment Australian employment report for December sees 50k jobs added vs 50k expectedAUD/USD marginally lower following jobs report, Triangle formation eyed Recommended by Thomas Westwater Get Your Free Top Trading Opportunities Forecast Get My Guide The New York trading session saw major stock indexes climb to new record highs on Wednesday, bolstered...

AUDUSD and NZDUSD some early upside risk-on flows

AUDUSD tests the high from yesterday. NZDUSD price cracks above topside trend line resistance.The AUDUSD is trading higher in early Asian session trading taking it's clues from a higher stock opening and record closes in the US. The NZDUSD is also higher and tests a topside trend line on the hourly chart.Looking at the AUDUSD, the pair has move up to test the high from yesterday's trading at 0.77602....

ASX up on Biden’s presidency; Cleanaway boss stepping down

Australian shares have risen in early trade on Thursday as the local market takes a positive lead from the start of a new era in the United States.As of 10:30am, the ASX 200 was up 0.8 per cent to 6,821.The All Ords is also up 0.8 per cent.Market snapshot at 10:30am (AEDT):ASX 200 +0.8pc at 6,821AUD: 77.44 US cents, 56.74 British pence, 63.95 Euro cents, 80.18 Japanese yen,...

EURUSD hangs just below 100 hour MA. Key barometer into the new day

EURUSD 100 hour moving average currently at 1.21081 The EURUSD on Wednesday, moved up and extended above its 200 hour moving average (green line). The pair traded above the moving average on 3 separate hourly bars and closed above on one of the three. It was the 1st venture above the 200 hour moving average since January 8.  However, momentum could not be sustained. In fact, the price could not reach the 38.2% retracement of...

Gold Price Forecast: XAU/USD Recovers but is the Rally to be Believed?

[embedded content] Gold Price Outlook: Advertisement Gold Price Forecast: XAU/USD Recovers but is the Rally to be Believed?Gold has surged this week as it looks to recover from losses suffered in early January. While the fundamental landscape and tailwinds for the precious metal have remained largely constant, a rise in treasury yields may have worked to erode gold’s standing as a safe haven. Either way, gold has moved...

US stocks close sharply higher and at record high levels

S&P, Dow and NASDAQ closed at record levelsThe major indices all closed at record levels on Inauguration Day for President Biden.  The NASDAQ index led the way with a 2% gain.  Netflix led the charge with a gain of 16.85% after their subscriber base surprise the upside. Other FAANG type names also rose sharply.  Alphabet was up 5.36%.  Amazon rose by 4.57%.  Microsoft increased by 3.59%.  Apple increased by 3.29%.  Facebook increased by 2.44%The final numbers are showing:S&P index rose 52.941.39...

Spot gold trading to a new high for the day

Spot gold up near $31 The price of spot gold is going out BY making new highs. The current price is up $31 or 1.69% at $1871.28. The high price just reached $1871.77. The low price today was at $1832.57.Looking at the daily chart above, the price is trading at the highest level since January 8 and looks toward the 100 day moving average of $1885.17. If the...

US Dollar Forecast: Biden Ascends to Presidency – Will Greenback Descend? Levels for DXY Index

Advertisement US Dollar Forecast Overview:The US Dollar has proved buoyant thus far in 2021. Will it continue now that administrations have changed? Depends on fiscal stimulus.A quieter economic calendar leaves the US Dollar susceptible to news-driven event risk over the rest of the week.Retail trader positioning sees more gains for the US Dollar vis-à-vis EUR/USD, GBP/USD, and USD/JPY rates.US Dollar Hanging in ThereThe US Dollar (via the DXY...
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