Live Forex Analysis, Currency Rates, Economic Calendar, Technical Forecast, Fundamental News, Free Trading Signals. Best. USD Dollar, EUR Euro, JPY Yen, GBP Pound, CHF Swiss Franc, CAD Canadian Dollar, AUD Australian Dollar, NZD New Zealand Dollar
Opinions are the authors — not necessarily OANDA’s, its officers or directors. The Japanese yen gained against most of the other currencies today as coronavirus fears continued to drive investors to safer assets. The yen, being one of such assets, profited immensely from the demand for safety.
Japan’s macroeconomic data released today was good but had a limited impact on the currency. China Trade Data, German Stats and U.S NFP and Wage Growth Numbers in FocusIt’s a busy day ahead.
Keep abreast of market opportunities in the FX markets with insights, actionable trade ideas and support. Trade with a global market leader with a proven track record of financial strength https://en.forexrobotron.info/maximarkets-forex-broker-review-forex/ and reliability. 10-year Treasury yields down to session lows, near flat levels ForexLive It is still early days but just be mindful of the move we are seeing in bonds for now.
LONDON (AP) — Share prices around the world, particularly in Japan, took a hit Tuesday amid mounting fears about the economic impact of the new coronavirus outbreak. Improve your trading knowledge and stay ahead of the curve with our weekly Foundations of Forex Trading webinar.
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Private Sector PMIs and the Coronavirus in Focus as Risk Aversion HitsPrivate sector PMI numbers put the majors in focus later today. Expect plenty of volatility as risk appetite takes another hit. Stocks fell and bond prices rose sharply on Wall Street Friday amid signs that economic fallout from the viral outbreak that originated in China is hurting U.S. companies. I follow many trading products using my math on intraday, daily and weekly trends.
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EUR/USD – Sad Valentines’ day nearing the Macron Gap
GBP/USD is climbing toward 1.30 amid coronavirus-related USD weakness. EU ministers are set to sign off on their mandate for post-Brexit talks, set to start next week. China’s foreign exchange regulator has warned that emerging markets need to muscle in on cryptocurrency-enabled illegal cross-border capital flows. In case of US Dollar to other currencies, values are quoted on basis of USD as base currency whereas in Indian Rupee to other currencies, values are quoted on basis of INR as quote currency.
- However, the EUR/USD currency pair’s rally was short-lived since the pair fell shortly afterwards after news of rising coronavirus infections in South Korea damped investor risk appetite.
- Cable trades in between both its key hourly moving averages today ForexLive The pound is a little higher on the day but is not really doing a whole lot after the climb above the 100-hour MA (red line) against the dollar.
- Barchart’s Chart of the Day (sent every trading day) is brought to you our Barchart Analysts.
- As mentioned earlier, I reckon they can take heart in the fact that the yen has actually weakened despite the coronavirus saga.
- Concerns that the Coronavirus is spreading hard and fast beyond the borders of China have pushed FX traders to the safe haven US Dollar, with the Australian Dollar and the Euro losing favor.
- The New Zealand dollar opened sharply lower today as markets were in a panic mode as the coronavirus was spreading from China to other parts of the world.
Gold is back up to $1,655 on a bounce from the 100-hour moving average ForexLive European indices are adjusting lower on the day, with early gains evaporating and the equities board is turning red at the moment. 10-year Treasury yields are also slightly lower and that is pushing risk to the downside currently. 10-year bund yields slip to -0.510% ForexLive Risk tones continue to keep softer in European morning trade, with equities gradually slipping and bond yields easing further on the session.
You may lose more than you invest (except for OANDA Europe Ltd customers who have negative balance protection). We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. The US dollar is surging to kick off the trading week, buoyed by renewed safe-haven demand as the coronavirus continues to extend outside China. While the situation has relatively stabilized in the world’s second-largest economy, investors are in a panicky state because of how the outbreak is beginning to intensify all over the world.
US Dollar Weakens As Economy Softens on Coronavirus, 2020 Election Fears
Keep track of the latest currency market moves as they develop. Stay up-to-date on breaking forex news as well as relevant financial developments. Commodities Our guide explores the most traded commodities worldwide and how to start trading them. Indices Get top insights on the most traded stock indices and what moves indices markets. Cryptocurrencies Find out more about top cryptocurrencies to trade and how to get started.
Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. The increasing buying interest around the Japanese safe haven keeps weighing on EUR/JPY and forces it to trade in multi-day lows in the 119.60 region. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The euro today spiked higher against the US dollar in the early European session following the release of upbeat eurozone PMIs by Markit Economics. However, the EUR/USD currency pair’s rally was short-lived since the pair fell shortly afterwards after news of rising coronavirus infections in South Korea damped investor risk appetite. U.S Inflation Figures Puts the USD in Focus as the Markets Monitor News from ChinaA spike in coronavirus deaths in China on Wednesday tests the market resolve early on.
Investment intentions among retailers saw the largest swing in the survey’s history since 1983 ForexLive The report came with some quarterly survey questions and one of which was investment intentions among retailers. The response showed a rise to +26 from -38 in the previous quarter, with the level seen today being the highest since November 2010. What’s on the economic calendar The market is taking a bit of a pause from coronavirus panic today as it sorts out what’s coming next.
The USD this morning is mixed with gains vs NZD, AUD and EUR, a bigger decline vs the GBP (-0.29%) and more modest declines vs the JPY, CAD and CHF. Economic Data Puts the EUR, the GBP and the U.S Dollar in the SpotlightIt’s a busy day ahead. With the Dollar sitting on top, today’s stats from the EU are going to need to impress to eat into the Dollar’s current week gains. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances.