Month: September 2019

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Fundamental Australian Dollar Forecast: Neutral AUD/USD was forced into reverse last week Still, the basic underpinnings of risk appetite remain in place Matters need not obviously get worse for Aussie bulls Find out what retail foreign exchange traders make of the Australian Dollar’s prospects right now, in real time, at the DailyFX Sentiment Page The
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The Nasdaq Composite Index lost  65.20 points to reach 8,117.67, a decline of 0.8%. The Dow Jones Industrial Average lost 160.60 points, or 0.59%, at 26,934.19. The S&P 500 index dropped 14.89 points, or 0.5%, to 2,991.90. The technology sector dragged US stocks lower on Friday following the news that the Chinese delegation, visiting the
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
You would think there would be quick denials if there were no problems News travels faster than ever. It’s been 90 minutes since the news of China cancelling agricultural visits for early next week hit the newswires. Stock markets have been crawling back on a mix of skepticism and comments from a Montana official who
German DAX little changed. France’s CAC Up 0.5% European major indices are close for the day and ending with modest gains: German DAX, +0.1% France’s CAC, +0.5% UK’s FTSE, -0.3% Spain’s Ibex, +0.4% Italy’s FTSE MIB unchanged For the week, the major indices are ending with modest changes: German DAX, unchanged France’s CAC, +0.5% UK’s FTSE, -0.3% Spain’s Ibex,
Approaches 1.1000 level.  Low for the week at 1.09894. The EURUSD has now moved below the 1.10135-176 area and is pushing toward the 1.1000 level. Below that is the low for the week at 1.09894. That was reached on Tuesday.   Close risk for shorts looking for more downside is now on a move back above the 50%
Major indices are a little higher at the opening The opening bell has sounded and the US stocks are modestly higher. Today is quadruple witching day in stocks which tends to inflate volatility. Quadruple witching day is when stock index futures, stock index options, stock options, and single stock futures expire at the close. As Adam pointed out earlier, there are 8.292B in
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The down move in EUR/GBP appears to have met strong contention in the 0.8800 neighbourhood for the time being, noted Senior FICC Technical Analyst at Commerzbank Axel Rudolph. Key Quotes “EUR/GBP finally slipped through the 200 day moving average at .8794 as expected with the 61.8% Fibonacci retracement of the May-to-August advance at .8794 currently