Forex Market: AUD/USD trading outlook for April 18th
Friday's trade saw AUD/USD within the range of 0.7682-0.7733. The pair closed at 0.7725, going up 0.38% on a daily basis. It has been the 12th gain in the past 22 trading days and also a second consecutive one. In weekly terms, AUD/USD added 2.25% to its … Continue reading at binarytribune.com
Forex reserves at record high, sniff at USD 360 bn
Mumbai: The foreign exchange reserves touched a new life-time high of USD 359.917 billion after they surged by USD 157.4 million in the week ended April 8, helped by rise in foreign currency assets, the Reserve Bank said today. In the previous week … Continue reading at firstpost.com
Latest gold and forex rates in UAE
Emirates 24|7 brings you the daily Dubai gold rate (22k, 24k, 21k and 18k), as well as currency exchange rates, including the Indian rupee, Pakistani rupee, Philippine peso, Sri Lankan rupee, sterling pound, euro and may more against the UAE dirham (US … Continue reading at emirates247.com
India’s forex reserves rises to 9.75 billion
MUMBAI: India’s foreign exchange reserves increased marginally to $ 359.91 billion as on April 8, the Reserve Bank of India (RBI) said. According to RBI’s forex data, the reserves stood at $ 359.91 billion as on April 8 against $ 359.75 billion for the week … Continue reading at timesofindia.indiatimes.com
Forex Weekly Outlook April 18-22
The US dollar managed to make a comeback of sorts, mostly against the euro. The Doha Oil Summit, the ECB?s rate decision and housing figures in the US stand out. These are the highlights of this week. Here is an outlook on these main events. U.S. consumer … Continue reading at fxstreet.com
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Forex – Dollar holds steady vs. euro, yen ahead of U.S. economic reports
Investing.com – Investing.com – The dollar held steady against the euro and the yen on Friday, as investors remained cautious ahead of a string of U.S. economic reports due later in the day, after mixed data on Thursday sparked uncertainty over the … Continue reading at moneycontrol.com
BOJ’s Kuroda comments on yen, intervention, earthquake
Aso: Today’s G20 communique reiterated importance of forex stability in light of recent forex market developments Kuroda says watching market moves, including forex, carefully Aso – no comment on if Tokyo ready to intervene in currency market Aso – taking … Continue reading at nasdaq.com
Forex – Euro rises vs. dollar after downbeat U.S. data
Investing.com – The euro rose against the U.S. dollar on Friday, after a the release of downbeat U.S. economic reports sparked fresh concerns over the strength of the economy, dampening demand for the greenback. EUR/USD hit 1.1296 during U.S. morning trade … Continue reading at investing.com
Economist: Forex access still an issue
The trinidad Guardian / Access to foreign exchange is a greater concern than allowing the exchange rate to depreciate, says economist Indera Sagewan-Alli. Commenting on the mid-year budget review by Finance Minister Colm Imbert, Sagewan-Alli said … Continue reading at entornointeligente.com
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I prepared you yet another video featuring excerpts of daily webinars available for participants of my mentor-ship program. In this particular video my analysts Nick and Chris discuss a trade call which was announced before the opening of London session on the 18th of September. Later this very trade was later published on my free blog and socials as well.
The rationale for this trade was the Fed refraining from any real indication that they will raise rates soon thus the USD was expected to remain weak. Meanwhile RBA Governor Stevens was upbeat on the economy and said that rates are at good levels now. This has diminished chances of an imminent cut.
Take a watch and hopefully you will help you to make some pips next time you spot a similar opportunity!
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