A top UK official involved in the Brexit talks has moved departments and UK Foreign Secretary Boris Johnson has been accused of ‘backseat driving’ but the Pound has shrugged it all off. Source: Daily FX – Forex Market News
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There are different methods of trading on Forex, such as forward outfights or trading on margin, which are processes that have different modes of commission percentage. There are many advantages in currency trading such as higher liquidity, 24 hour business, high leverage ratio and more. Forex trading is considered to be one of the most happening markets, and people have a huge potential in the falling market.
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The BoE is yet another central bank fanning the rate speculation flames, lifting the Pound and suppressing the Dollar. Will the Fed revive the Greenback? Source: Daily FX – Forex Market News
It’s been a volatile week across currency markets, and next week brings a heavily-awaited Federal Reserve rate decision. Will the bank announce the start of balance sheet reduction, and how will markets respond? Source: Daily FX – Forex Market News
A US CPI print helped the US Dollar Index moved to the highest level in a week while the BoE told markets to get their popcorn ready for rate hikes. Crude Oil breaks $50/bbl. Source: Daily FX – Forex Market News
A 20.0K rise in Australia Employment may spark a bullish reaction in AUD/USD as it puts pressure on the Reserve Bank of Australia (RBA) to lift the cash rate off of the record-low. Source: Daily FX – Forex Market News
Sterling has been busy after the passing of a UK Parliamentary bill that clears the way for Brexit and CPI that could force the BoE to talk up GBP later this week. Source: Daily FX – Forex Market News
Dollar concerns remain, but Monday brought short-position covering as risk-sentiment was revived after multiple feared scenarios failed to play out. Source: Daily FX – Forex Market News
Despite the ECB’s hold and resolution to the US debt ceiling, EUR/USD surged to 2-year highs. Is this a renewed trend or setup for a fundamental crush? Source: Daily FX – Forex Market News