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November 20
2020

Russian Ruble Flat As October GDP, Retail Sales Disappoint

The Russian ruble is trading relatively flat against several currency peers to close out the trading week. The ruble has witnessed a resurgence this week as foreign exchange traders poured into the currency amid a significant rally in Brent crude oil prices. But the gains may have been capped by disappointing economic data. With tighter lockdown restrictions in Europe, could the ruble come under pressure in the home stretch of 2020? […]

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November 20
2020

Amazing tips to find the best Business broker

Profit potential lies when someone buys or makes a product and tries to sell it to others. If the production cost or the buying charge is smaller than the selling price than that business can be considered as a profitable one. Every businessman wants to sell his goods at a high price so that he […]

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November 20
2020

Pound Rallies on Upbeat UK Retail Sales Data, Brexit Talks Progress

The British pound today surged higher against the US dollar boosted by the upbeat UK retail sales data, which beat analysts expectations by a wide margin. The GBP/USD currency pair’s rally was also fueled by investor optimism regarding the post-Brexit trade talks ahead of the rapidly approaching December 31st deadline. The GBP/USD currency pair today rallied from an opening low of 1.3247 to a high of 1.3292 in the early London session after a major […]

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November 20
2020

Forex Day Trading with Keltner Channels

Trading with Keltner channels seems to be useful because it is considered one of the most powerful and common technical indicators for day traders in Hong Kong. This channel will use the average price of a currency and market volatility to draw an upper, middle, and lower line. All these lines will move along with […]

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November 20
2020

Bulls Might Be Set for 103.15 on USD/JPY

The US dollar versus the Japanese yen currency pair seems to be under a lot of bearish pressure. Do the bears hold any chance until 103.15? Long-term perspective From the high of 109.85, the fall extended — in a fist instance — until the 106.07 low. From there, it rallied to the 108.16 high, which would become the resistance trendline of the descending trend. From 108.16 onwards, the price oscillated under the trendline, extending a hair away […]

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November 20
2020

US Dollar Subdued As Mnuchin Allows Fed Emergency Lending Programs to Expire

Is the US dollar in store for a rally in the coming days amid a potential selloff in the broader financial markets? With news that several of the US central bank’s emergency lending programs will be allowed to expire at the end of the year, equities could come under pressure, which would possibly benefit the traditional safe-haven asset. The Treasury Department announced on Thursday night that it would let several of the Federal Reserve‘s emergency lending […]

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November 19
2020

Turkish Lira Rallies As Central Bank Sends Message to Markets With Sharp Rate Hike

The Turkish lira is enjoying one of its best rallies in 2020 as the central bank raised interest rates and sent a message to financial markets that reforms were on the way. Soon after President Recep Tayyip Erdogan cleaned house in his ministry and at the central bank, investors have been placing their bets that Turkey will adopt orthodox fiscal and monetary policies. So far, so good. On Thursday, Turkey’s central […]

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November 19
2020

Euro Falls Against Dollar on Risk-Off Mood, Rallies on US Jobless Claims

The euro today fell against the resurgent dollar for the second consecutive day as the impasse regarding the EU’s budget weighs down the single currency. The EUR/USD currency pair was also affected by the risk-off market sentiment as investors bought the safe-haven dollar as the second wave of coronavirus infections intensifies. The EUR/USD currency pair today fell from a high of 1.1852 in the early Frankfurt session to a low of 1.1816 in the middle of the session before recouping most of its losses […]

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November 19
2020

USD/IDR Rises After Surprise Interest Rate Cut from Bank Indonesia

The Indonesian rupiah fell against the US dollar today after Indonesia’s central bank performed a surprise interest rate cut. Despite the decision, the bank had an optimistic outlook for the nation’s economy. The Bank Indonesia cut its interest rates by 25 basis points. Now, the 7-day Reverse Repo Rate stands at 3.75%, the Deposit Facility rate at 3.00%, and the Lending Facility rate at 4.50%. The bank explained its decision citing the following reasons: […]

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November 19
2020

Australian Dollar Flat Despite Amazing Employment Data

The Australian dollar did not move far today as markets were in a consolidation mode after optimism caused by the coronavirus vaccine news started to wane. Even the stellar jobs report failed to boost the Australian currency. The Australian Bureau of Statistics reported that employment surged by 178,800 in October after falling by 45,500 in September. That was a total surprise to experts, who had predicted a drop of 26,700. Both full-time and part-time employment contributed […]

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