Currencies News and Headlines
European Equities: Another Quiet Day Leaves the Coronavirus and FED Chair Powell Testimony
A double no-touch option is the exact opposite of a double one-touch option. There are two barrier levels, but in this case, neither barrier level can be breached before expiration—otherwise the option payout is not made. This option is great for news traders who think that the economic release will not cause a pronounced breakout in the currency pair and that it will continue to range trade. As you can see from these lists, the currencies that we can easily trade span the globe.
Stay up-to-date on breaking https://forex-trend.net/ as well as relevant financial developments. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors.
EURO FX/ U.S. DOLLAR
FX SPOT options are a viable alternative for those who do not care to get whipsawed in the markets by undue volatility before they actually see the spot price move in their desired direction. Either one of the levels must be breached prior to expiration in order for the option to become profitable and for the buyer to receive the payout. If neither barrier level is breached prior to expiration, the option expires worthless. A double one-touch option is the perfect option to trade for news releases because it is a pure non-directional breakout play.
Founded in 2008, ForexLive.com is the premier forex trading news site offering interesting commentary, opinion and analysis for true FX trading professionals. Get the latest breaking foreign exchange trade news and current updates from active traders daily. ForexLive.com blog posts feature leading edge technical analysis charting tips, forex analysis, and currency pair trading tutorials. Find out how to take advantage of swings in global foreign exchange markets and see our real-time forex news analysis and reactions to central bank news, economic indicators and world events.
However, the dominant theme in the markets is becoming the persistent strength of the US Dollar. Commodities https://forex-trend.net/investment-banking-valuation-leveraged-buyouts-and-mergers-and-acquisitions-by-joshua-rosenbaum-joshua-pearl/ Our guide explores the most traded commodities worldwide and how to start trading them.
FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. The FED Puts the U.S Dollar in the Spotlight as Coronavirus Influence Eases For NowIt’s a relatively quiet day on the economic calendar, leaving the coronavirus in focus ahead of the FED’s first policy decision of the year.
Therefore, it is important to keep on top of what the market is focusing on at the moment. The most common way to trade forex on news is to look for a period of consolidation ahead of a big number and trade the breakout on the back of the number. OANDA Asia Pacific Pte Ltd (Co. Reg. No K) holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore. OANDA Australia Pty Ltdis regulated by the Australian Securities and Investments Commission ASIC (ABN , AFSL No. ) and is the issuer of the products and/or services on this website. It’s important for you to consider the current Financial Service Guide (FSG), Product Disclosure Statement (‘PDS’), Account Terms and any other relevant OANDA documents before making any financial investment decisions.
The China coronavirus has severely disrupted China’s economy and is projected to take a bite out of global growth. If the economic damage worsens, the Federal Reserve could respond by trimming interest rates as early as this spring. China Trade Data, German Stats and U.S NFP and Wage Growth Numbers in FocusIt’s a busy day ahead.
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- I expect Chinese equities to “play catch-up” with the rest of the global indexes.
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This chart shows activity after the same release as the one shown in Figure 2, but on a different time frame to show how difficult trading news releases can be. On November 4, 2005, the market had expected 120,000 jobs to be added to the U.S. economy, but instead only 56,000 jobs were added. This sharp disappointment led to an approximately Forex Brokers 60-pip sell-off in the dollar against the euro in the first 25 minutes after the release. The most common way to trade news is to look for a period of consolidation ahead of a big number and to just trade the breakout on the back of the number. This can be done on both a short-term basis within one day (intraday) and a daily basis.
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. Trader confidence is improving on hopes that the coronavirus outbreak may be close to its peak.
The AUD is the strongest and the JPY and CHF are the weakest on flights out of the safety of those currencies. ActionForex.com was set up back in 2004 with the aim to provide insight analysis to forex traders, serving the trading community over a decade. Empowering the individual traders was, is, and will always be our motto going forward. Global traders remained cautiously optimistic about the containment of the coronavirus despite the continually rising death toll on mainland China.
Consolidation range continues The USDJPY has dipped back below its 100 hour moving average currently at 109.819. The price has been trading above and below that moving average over the first 2 trading days of the week. At the high today, the price moved briefly above a topside trend line, only to reverse back lower. The big story into Tuesday has been the slowdown in the number of coronavirus cases reported, which has helped to fuel US equities to yet another record high. Today’s economic calendar isn’t all that active, and most of the data has already been absorbed.
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My guess is for a 6-10% lower opening on Monday, February 3. Global stocks rise as coronavirus fears continue to ease. Risks to the global economy remain, we’ve not seen the end of this outbreak yet.
We will alert you with promising finds and trading ideas with the featured Chart of the Day. With the US markets rallying to fresh record highs this week, it certainly seems like a good time to buy dips in the market. The challenge, however, is finding stocks that don’t have a significant amount of downside risk. Service Sector PMIs and Trade Data Put the EUR, US Dollar and Loonie in the SpotlightIt’s a busy day ahead on the economic calendar, with services sector PMIs out of the Eurozone and the U.S and trade data out of Canada in focus.