1. Home
  2. forex trading news

Tag: forex trading news

Market News
Yields pare weekly downside, S&P 500 Futures print mild gains amid mixed mood

Yields pare weekly downside, S&P 500 Futures print mild gains amid mixed mood

US Treasury yields pause the central-bank prompted downturn, inventory futures warfare for clear direction. Omicron fears escalate, US stimulus bundle impasse extends. Risk catalyst can entertain traders, handy quit to risky week predicted due to…

Market News
Saudi Oil Minister: Oil output could drop 30% due to lack of capex

Saudi Oil Minister: Oil output could drop 30% due to lack of capex

Saudi Arabian Oil Minister Abdulaziz bin Salman warned of a 30% drop in oil output via the quit of this decade due to falling capital investment. Key quotes “We’re heading towards a section that should…

Market News
USD/CAD struggles around 1.2500 on sluggish oil, steady yields, US Retail Sales eyed

USD/CAD struggles around 1.2500 on sluggish oil, steady yields, US Retail Sales eyed

USD/CAD hesitates to lengthen pullback from six-week top, sidelined of late. WTI crude oil fades rebound from one-week low amid slow sentiment. DXY tracks US Treasury yields round multi-day top. Cautious sentiment in advance of…

Market News
China’s Caixin Manufacturing PMI misses estimates with 51.3 in June, AUD/USD unfazed

China’s Caixin Manufacturing PMI misses estimates with 51.3 in June, AUD/USD unfazed

China’s June Caixin manufacturing PMI got here in at 51.3 vs. 51.8 predicted and May’s 52.0, displaying that the usual fitness of the country’s manufacturing region is slowly deteriorating. The gauge hit a three-month low.…

Market News
US Dollar Index Price Analysis: Overbought RSI probes DXY bulls near three-month top

US Dollar Index Price Analysis: Overbought RSI probes DXY bulls near three-month top

DXY bulls take a breather all through a four-day uptrend, close to early April tops. 23.6% Fibonacci retracement guards immediately upside, three-week-old aid line will become the key. Bulls continue to be hopeful past 200-DMA,…

Market News
EUR/USD still navigates within the 1.2150-1.2265 range – UOB

EUR/USD still navigates within the 1.2150-1.2265 range – UOB

FX Strategists at UOB Group noted EUR/USD is predicted to stay within the 1.2150-1.2265 consolidation range. “We expected EUR to strengthen yesterday but we highlighted that ‘any advance is predicted to face solid resistance at 1.2250’. We added, ‘the…