Category Archives: Forex For Beginners

USD/CAD erases gains, hits 3-week lows By Investing.com

© Reuters. Greenback pulls back from session highs vs. loonie after Canadian data Investing.com – The U.S. dollar erased gains against its Canadian counterpart on Tuesday, to hit a three-week low after the release of mixed Canadian retail sales data, as investors continued to focus on the upcoming Jackson Hole Summit this week. hit 1.2529 during early U.S. trade, the pair’s lowest since August 1 ; the pair subsequently consolidated at 1.2532, shedding 0.22%. The pair was likely to find support at 1.2448, the low of August […]

More info

Dollar rebounds ahead of central banking symposium By Investing.com

© Reuters. Investing.com – The dollar traded higher against a basket of global currencies on Tuesday as traders looked ahead to speeches by European Central Bank president Mario Draghi and Federal Reserve chair Janet Yellen due later this week. The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.42% to 93.39. The greenback rebounded from session lows, shrugging off its poor start to the week, as investors shifted focus from recent U.S.-North Korea tensions to monetary policy ahead of […]

More info

Intuit sees big boost in quarterly earnings By Investing.com

© Reuters. Intuit sees big boost in quarterly earnings Investing.com – Intuit Inc (NASDAQ:) ( INTU ) has released its fourth quarter results, which showed the company’s and revenue increased from the comparable period while the latest results also surpassed expectations. The company earned $0.20 per share, up significantly from $0.08 per share in the comparable quarter and also above the analyst consensus estimate for $0.17 per share. Revenue for the quarter rose 11.7% to $842 million. Looking forward, the company is guiding for first quarter EPS […]

More info

Bitcoin rally back on track after slump to 7-day low By Investing.com

© Reuters. Bitcoin fell after surging above $4,500 to a record high last week Investing.com – Bitcoin traded higher on Tuesday, as traders appeared to take advantage of the cryptocurrency’s recent plunge to a seven-day low but gains were capped as fears over a second split remained. On the U.S.-based Bitfinex exchange, rose to $4,104, up $107.4 or 2.69%. Bitcoin reversed some of its losses sustained in the prior session, however, investors remained concerned that the second part of the Segwit2x update to speed up transactions on […]

More info

Can Draghi Prevent EUR/GBP From Rising Further?

Talking Points – For EUR/GBP traders, Brexit will be on the agenda again next week when the third round of talks begins. – But before then it will be important to listen to what Mario Draghi says at Jackson Hole. Check out our EUR and GBP Trading Guides: they’re free and have been updated for the third quarter of 2017 EUR/GBP has been essentially a one-way trade since mid-April, climbing from a low of 0.8312 on April 18 to its current level around 0.9168 and inevitably prompting […]

More info

The Treasury Market’s Skeptical Inflation Outlook

The persistence of low will be a key topic at the Federal Reserve’s at the Jackson Hole Symposium that starts on Friday (Aug. 24). But as the world’s monetary elite prepare to discuss the finer points of “Fostering a Dynamic Global Economy,” Treasury yields are once again sliding, which implies that the crowd is anticipating that pricing pressure will weaken. The benchmark Treasury yield dipped to 2.18% yesterday (Aug. 21), the lowest rate since late-June, based on daily data via Treasury.gov. The yield, which is widely monitored […]

More info

Dollar index holds onto gains in subdued trade By Investing.com

Dollar remains on the upside, Jackson Hole in focus Investing.com – The dollar held onto gains against the other major currencies in subdued trade on Tuesday, as investors awaited the Jackson Hole Summit due to begin on Thursday. Traders were looking ahead to this week’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming, where the heads of the U.S. and European central banks will be making keynote speeches. Their comments will be closely watched for fresh policy signals from the world’s two most […]

More info

Dollar remains broadly higher in quiet trade By Investing.com

© Reuters. Dollar holds onto gains vs. other majors Investing.com – The dollar remained broadly higher against the other major currencies in quiet trade on Tuesday, as investors awaited the Jackson Hole Summit due to begin on Thursday. Traders were looking ahead to this week’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming, where the heads of the U.S. and European central banks will be making keynote speeches. Their comments will be closely watched for fresh policy signals from the world’s two most […]

More info

Is The Short-Term High Now in Place?

Talking Points – Last week’s Bitcoin high near $4500 looks unlikely to be tested in the short-term as negative chart patterns appear. – Ethereum also turns sharply lower but ‘hard fork’ may provide support. If you are new to trading, or want to hone your skills further, join the DailyFX Free Online Forex Trading University. The latest volatile shift in Bitcoin saw the digital token hitting a fresh high before slumping nearly 20% as profit-taking took hold of the market. And a couple of bearish indicators stand […]

More info

Dollar pushes higher as markets await Jackson Hole By Investing.com

© Reuters. Dollar pushes higher as markets await Jackson Hole Investing.com – The dollar pushed higher against a basket of the other major currencies on Tuesday as investors awaited the annual gathering of central bankers in Jackson Hole later this week for clues on how policymakers view the economy. The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.23% to 93.22 by 03:21 a.m. ET (07:21 a.m. GMT). The dollar was higher against the yen, with climbing 0.4% to 109.42, […]

More info
1 2 3 20