Friday, December 3

Forex

Dollar Up, Investors Await U.S. Inflation Trajectory
Forex

Dollar Up, Investors Await U.S. Inflation Trajectory

By Administrator_India Capital Sands The dollar was up on Monday morning in Asia. Risk currencies remained above their recent lows against both the U.S. currency and the yen as investor fears of a slowdown in the global economic recovery from COVID-19 calmed down for now. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.03% to 92.148 by 11:56 PM ET (3:56 AM GMT). The USD/JPY pair inched up 0.01% to 110.16. Data released earlier in the day said Japan’s core machinery orders grew a better-than-expected 7.8% month-on-month and 12.2% year-on-year in May. The data also said the country’s producer price index (PPI) grew 5% year-on-year and 0.6% month-on-month in June. The AUD/USD pair edged down 0.12% to 0.7476 and across the Tasman ...
Dollar Up Despite Softer-Than-Expected Inflation Data
Forex

Dollar Up Despite Softer-Than-Expected Inflation Data

By Administrator_India Capital Sands The dollar was up on Monday morning in Asia although the U.S. inflation data was slightly softer than expected. Investors remained concerned about a tightening monetary policy if the consumer price pressures continue to intensify. The US Dollar Index that tracks the greenback against a basket of other currencies inched up 0.03% to 91.868 by 10:33 PM ET (2:33 AM GMT). The USD/JPY pair inched down 0.08% to 110.69 after the Bank of Japan released its summary of opinions earlier in the day. Policymakers expected that the accelerating COVID-19 vaccination will prompt economic recovery. "A positive economic cycle is kicking off in Japan due to progress made in vaccinations," one of the nine board members said. The AUD/USD pair inched down 0....
Dollar firm as traders brace for U.S. inflation data
Forex

Dollar firm as traders brace for U.S. inflation data

By Administrator_India Capital Sands The U.S. dollar held near multi-month highs on Friday as investors warily awaited U.S. inflation data, while the pound nursed modest losses after Bank of England (BoE) policymakers leaned away from flagging rate rises. Early Asia trade was steady, with the euro pinned below its 200-day moving average at $1.1930 and the yen just short of a 15-month low at 110.955 per dollar. The dollar vaulted to its highest levels since March against the euro last week - and to its highest since March 2020 on the yen - after the U.S. Federal Reserve surprised markets by projecting interest rate rises sooner than expected in 2023. Subsequent rhetoric from Fed chair Jerome Powell seems to have calmed nerves in bond and stock markets about hikes any time soo...
Dollar rally sputters as Fed sends mixed signals on inflation
Forex

Dollar rally sputters as Fed sends mixed signals on inflation

By Administrator_India Capital Sands The U.S. dollar vacillated below an 11-week high versus major peers on Thursday as traders attempted to navigate conflicting signals from Federal Reserve officials on the timing of a withdrawal of monetary stimulus. The dollar index, which measures the greenback against six rivals, stood at 91.806 early in the Asian session after dipping to 91.509 on Wednesday. It was at 92.408 at the end of last week, the highest since April 9. The U.S. currency got some support overnight as two Fed officials said that a period of high inflation in the United States could last longer than anticipated, a day after Fed Chair Jerome Powell played down rising price pressures. Atlanta Fed President Raphael Bostic said with growth surging to an estimated 7% th...
Dollar little changed as traders seek direction from Fed meeting
Forex

Dollar little changed as traders seek direction from Fed meeting

By Administrator_India Capital Sands The U.S. dollar held steady against major currencies on Monday, after posting its biggest weekly gain in more than a month, as traders closed short positions ahead of a Federal Reserve policy meeting this week. The greenback was trading little changed at $1.21075 against the euro in Asia, after touching an almost one-month top of $1.2093 in the previous session, amid caution ahead of the Fed meeting that runs two days to Wednesday. The yen was at 109.715, after weakening to 109.840 on Friday for the first time since June 4. The dollar index, which measures the U.S. currency against six rivals, was mostly flat at 90.510 from as high as 90.612 on Friday. It finished last week with a 0.4% advance. In recent weeks, the index has fluctuated...
Dollar jumps as strong run of data turns all eyes to payrolls
Forex

Dollar jumps as strong run of data turns all eyes to payrolls

By Administrator_India Capital Sands The dollar was perched near multi-week highs on Friday, basking in its biggest gains in about a month after robust jobs data threw investors' focus on to the strength of the U.S. recovery and on the possibility of it driving policy tightening. The next test comes later in the day when U.S. non-farm payrolls data is published. The Street's consensus forecast is for about 650,000 jobs to have been added in May, though the "whisper number" among traders is higher, closer to 800,000. Private payrolls - a bit of an unreliable guide - delivered a big beat overnight with an increase of 978,000, against forecasts of 650,000, which sent the dollar rallying. It lifted 0.7% to a three-week high of $1.2118 per euro and rose by the same margin to a tw...
Dollar holds gains as traders look to U.S. data for policy cues
Forex

Dollar holds gains as traders look to U.S. data for policy cues

By Administrator_India Capital Sands The dollar clung to a recent bounce on Monday as investors made a cautious start to a week crammed with central bank meetings and big-ticket U.S. economic data, looking for clues on the outlook for global inflation and for policymakers' response. Asia trade was thinned by public holidays in Japan and China that also kept a lid on volatility, leaving the greenback where it settled after a Friday leap. It steadied at $1.2029 per euro and bought 109.28 yen. The dollar index, measured against six major currencies, held at 91.242. The index dropped 2% through April as a positive view of global recovery prospects lifted trade-exposed currencies at the dollar's expense. "We expect the dollar to trend lower because of the improving global economi...
Dollar stuck near two-week lows amid lower U.S. yields
Forex

Dollar stuck near two-week lows amid lower U.S. yields

By Administrator_India Capital Sands The U.S. dollar traded near more than two-week troughs versus major peers on Thursday, tracking Treasury yields lower, after minutes of the Federal Reserve's March policy meeting offered no new catalysts to dictate market direction. Fed officials remained cautious about the risks of the pandemic - even as the U.S. recovery gathered steam amid massive fiscal stimulus - and committed to pouring on monetary policy support until a rebound was more secure, the minutes showed Wednesday. The dollar index which measures the greenback against a basket of six currencies, was little changed at 92.425 early in the Asian session, after dipping to as low as 92.134 on Wednesday for the first time since March 23. The gauge rallied to an almost five-month...
Dollar Down, Riskier Currencies Benefit as Risk Sentiment Improves
Forex

Dollar Down, Riskier Currencies Benefit as Risk Sentiment Improves

By Administrator_India Capital Sands The dollar was down on Monday morning in Asia, falling to a three-year low against the AUD and a three-year low against the GBP as continued progress on curbing the COVID-19 virus boosted risk sentiment. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.02% to 90.323 by 9:14 PM ET (2:14 AM GMT). The USD/JPY pair was up 0.22% to 105.66, with the dollar holding steady against the yen. The AUD/USD pair was up 0.26% to 0.7890 and the NZD/USD pair was up 0.23% to 0.7320. Giving a boost to the Antipodean risk currencies is the rollout of COVID-19 vaccines, with New Zealand starting inoculations on Sunday and Australia following suit earlier in the day. Australia was also set to report no local...
EXPERT TIPS IN FOREX TRADING AND CFD OR OTC BUSINESS
Forex

EXPERT TIPS IN FOREX TRADING AND CFD OR OTC BUSINESS

Expert Tips in Starting a Forex Trading and CFD or OTC Business with market 24hrs x 365days trading platform There are a lot of options for investments and businesses available worldwide, thus the need for foreign currency never diminishes. Since countries have their own fiat currency, they will always need to trade their local currency when dealing with those based in other countries. Having a business plan is the first step to creating a Forex trading business. This step involves defining your business and coming up with ways on how to stand out from the crowd. Without proper planning, your Forex trading business is going to inevitably fail because the lack of direction will lead to unclear paths. Here are some of the inclusions of your business plan: Securing your start-up c...