Bitcoin Weakness: A Warning For Stocks Or Its Own Problem?

This sell-off was followed by a tight consolidation that led to another nosedive that has pushed BTC below its support trend line. EUR/USD has lost its bullish momentum and retreated from session highs during the American session before steadying near parity. The risk-averse market environment is helping the dollar stay resilient and doesn’t allow the pair to gather further forex trading bullish momentum. Trading Triangles in Price Action In triangle formations, this is a level that’s expected to be broken with enough persistence from buyers or sellers . Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on nzdchf. As for who is on a hot streak, EURSEK has now rallied 8 out of the past ten trading days.

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Bitcoin Weakness: A Warning For Stocks Or Its Own Problem?

The Australian dollar fell against its major counterparts in the Asian session on Monday, as Asian markets followed Wall street lower, as comments from Federal Reserve Chair Jerome Powell sparked concerns about the possibility of more aggressive rate hikes to tame inflation. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. For those who pay attention to moving averages, AUDNZD may be of particular interest. Below is a list of currency pairs that crossed key moving average levels over the past day.

  • European stocks look set to open lower on Monday, with worries about the Fed’s aggressive rate hiking cycle and weakening growth prospects in China likely to keep underlying sentiment cautious.
  • Price bases often precede increases in volatility and a clear trend.
  • By Karen Brettell NEW YORK – The U.S. dollar index surged to a one-month high on Thursday as Federal Reserve officials spoke of the need for further rate hikes, and…
  • A look at the day ahead in U.S. and global markets from Mike Dolan.
  • For the latest stories on specific currency pairs, try the articles below.

We are go to source for you to get breaking news stories and in-depth market updates from around the world. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making.

European Open: Us Inflation And Powells Jackson Hole Speech In Focus

Of note is that USD was the outperformer for the day, changing by 0.57%. BTCUSD is testing the 50-day moving average, which could act as an uptrend indicator. European stocks look set to open lower on Monday, with worries about the Fed’s aggressive rate hiking cycle and weakening growth prospects in China likely to keep underlying sentiment cautious. French stocks tumbled on Monday to extend losses from the previous session following Fed Chair Jerome Powell’s hawkish remarks in Jackson Hole, Wyoming on Friday. The Indian rupee recovered against the U.S. dollar in evening deals on Monday as the Reserve Bank of India intervened in the forex market to defend the currency. By Ambar Warrick– Most Asian currencies fell on Thursday as investors digested mixed signals from the U.S.

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Many forex traders quickly enter the industry because it is very accessible. Dollar touches 20-year high, but kept in check by euro, as rates in… By Peter Nurse – The U.S. dollar climbed higher in early European trade Thursday after the minutes from the last Federal Reserve meeting pointed to more monetary… By Gertrude Chavez-Dreyfuss forex trading NEW YORK -Speculators’ net long positioning on the U.S. dollar rose in the latest week, while net shorts on the euro increased, according to… By Ambar Warrick– The Chinese yuan and Taiwan dollar edged lower on Friday, with broader Asian currencies also retreating as the dollar strengthened ahead of more…


By Karen Brettell NEW YORK – The dollar gained against a basket of currencies on Wednesday, holding near a 20-year high as investors waited for a Friday speech by the… By Peter Nurse – The U.S. dollar pushed higher in early European trade Friday ahead of Federal Reserve Chair Jerome Powell’s eagerly-awaited Forex trading speech at the central… By Scott Kanowsky — The U.S. dollar touched a 20-year high against a basket of major currencies on Monday, as investors digest a pledge from Federal Reserve chair… Keep abreast of market opportunities in the FX markets with insights, actionable trade ideas and support.

Forexlive European Fx News Wrap: Dollar Holds Firm, Equities Pressured

Unless you’re already a member and enjoying our service, then just sign in. Silicon Laboratories Inc. announced Monday that its board of directors has increased the authorization for the repurchase of the company’s common stock by $200 million to a total of $450 million. Aircraft maker Boeing Co. announced Monday an order from package delivery company United Parcel Service, Inc. for eight more 767 Freighters. The incremental order will increase UPS’s 767 Freighter fleet to 108 airplanes, enabling the global carrier to further modernize and sustainably grow its fleet. By Ambar Warrick– China’s yuan fell on Wednesday amid concerns that a power shortage in Sichuan could further dent industrial activity, while fears of a hawkish… Take our personality quiz to find out what type of trader you are and about your strengths. Gold has struggled to preserve its bullish momentum and returned to the $1,740 area in the American session on Monday.

Week Ahead: Nfp Report, Eurozone Inflation Under The Microscope As Markets Wobble

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Over the past hour, CADJPY has has made the biggest move in the forex asset class, jumping 1450 pips (0.14%). The strongest trend on the hourly timeframe can be seen on EURGBP — it’s clearly been in a downtrend over the past 20 candles.

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