Tag: Foreign Exchange Market
Mastering FX Markets for Millisecond Trading
In the fast-paced world of foreign exchange (FX) trading, the use of millisecond-level data is increasingly being recognized as a game-changer. According to Sundaram, a prominent figure at LMAX Group, leveraging this ultra-precise data...
AUD/USD Recovery Faces Headwinds: Upside Still Restricted – Forecast and Analysis
The Australian Dollar (AUD) continued to decline against the US Dollar (USD) and tested the 0.6440 support level. However, it managed to bounce back above a bearish trend line with resistance at 0.6480 on...
US Retail Sales in Focus as Yen Rebounds: Forexlive Americas FX News Wrap
The focus was on US retail sales for October, which came in lower than expected at -0.1% compared to the expected +0.3%. Despite the headline number, some analysts pointed out that there was a...
AUD/USD Weekly Analysis and Forecast – Action Forex
The Australian dollar to US dollar (AUD/USD) pair continued its decline last week, dropping from 0.6941. The breach of the 0.6621 resistance level indicates a potential bearish reversal in the near term. The initial...
FX Option Expiries Analysis: 18 October 10am NY Cut – Forexlive
There is only one FX option expiry worth noting on this day, which is at the 1.0850 level for the EUR/USD pair. Although this level may not align with any significant technical levels, the...
EUR/USD Weekly Forecast – Action Forex
EUR/USD has been on a downward trend recently, with a strong break of the 55-day EMA at 1.1031 indicating a reversal in the near term. This suggests that the currency pair may experience further...
USD/JPY Rally Resumes Ahead of US Nonfarm Payrolls Report
The USD/JPY pair has resumed its rally, breaking above the 145.00 resistance level. On the 4-hour chart, a bullish trend line is forming with support at 145.80. This indicates a positive momentum for the...
Atsushi Mimura, Japan’s Top Currency Diplomat, Vigilant on Yen Carry Trade | Forexlive
Atsushi Mimura, Japan's vice finance minister for international affairs and known as the country's 'top currency diplomat', is keeping a close eye on the yen carry trade. The finance ministry in Japan is responsible...
RBNZ Focus Boosts New Zealand Dollar – Action Forex
The New Zealand dollar has strengthened at the start of the week, with NZD/USD trading at 0.6026 in the North American session, showing a 0.45% increase from previous levels.The Reserve Bank of New Zealand...
Forexlive Americas FX News Wrap: August 9 Weekly Review & Market Analysis
This week in the financial markets has been a rollercoaster ride, with US stock indices fighting to end on a positive note. Crude oil futures settled at $76.84, and there were key events and...