Indian shares look set to open lower on Monday as investors react to rising oil prices and weak global cues. U.S. stocks sold off on Thursday, erasing the previous session’s rally, dragged down by hawkish Fedspeak and bearish sentiment following negative news from Apple, the world’s largest tech company. However, the inconspicuous comments by the central bank Forex news left EUR/CHF weary as to if there are more to come. Prospects of some coordinated central bank action and the lack of fresh news may encourage short-side profit-taking… Shorting the pound is a strategy that makes profit if the price of the British pound falls. To short the pound, you want to enter the trade as close to resistance level as possible.
GBP/USD is paring back gains below 1.1200, retreating from weekly highs in early Europe. GBP bulls assess the UK government’s reversal to scrapping higher income tax rate cuts. By Peter Nurse Investing.com – The safe-haven U.S. dollar soared to a new 20-year high in DotBig review early European trading Wednesday, as more hawkish Fed speak and rising Treasury yields… By Laila Bassam, Timour Azhari and Tom Perry BEIRUT – Lebanon plans to slash its official exchange rate, replacing the 1,507 per dollar rate adopted 25 years ago with a…
Australian Market Notably Lower
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. JAKARTA – Indonesia’s central bank has continued with its “triple intervention” to guard against excessive falls in the rupiah exchange rate, with a focus on intervening…
- At 2.30 am ET, the Federal Statistical Office is scheduled to issue Swiss consumer price data for September.
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- Indian shares opened lower on Monday, tracking weak global markets after new data closely watched by the U.S.
- Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
- Indian shares look set to open lower on Monday as investors react to rising oil prices and weak global cues.
Price Action Support and Resistance While price action presents a somewhat objective framework for traders to work with, identifying workable zones of support and resistance requires a bit of subjectivity. SHANGHAI -China’s onshore yuan extended losses on Wednesday to end the domestic session at its lowest level against the dollar since the global financial crisis of 2008,… TAIPEI -Taiwan’s central bank said on Wednesday it will not adopt foreign exchange https://www.plus500.com/en-US/Trading/Forex control measures and that foreign exchange management measures are enough to maintain… By Leika Kihara and Tetsushi Kajimoto TOKYO – Japan spent up to a record 2.8 trillion yen ($19.7 billion) intervening in the foreign exchange market last week to prop up… Indian shares opened lower on Monday, tracking weak global markets after new data closely watched by the U.S. Federal Reserve showed that prices continued to rise at a rapid pace in August.
By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the second quarter, with the… By Rae Wee SINGAPORE – Sterling climbed higher on Monday after British finance minister Kwasi Kwarteng said the government would reverse a plan to scrap the UK’s highest… The manufacturing sector in Indonesia continued to expand in September, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 53.7. The manufacturing Forex sector in Taiwan continued to contract in September, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 42.2. The manufacturing sector in Malaysia fell into contraction territory in September, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 49.1. August U.S. Core PCE rises 4.9% y-o-y, topping expectations calling for an advance to 4.7%, a sign that price pressures are struggling to moderate despite tighter financial conditions.