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Foreign Exchange News Results

  • DXY monthly forecast ahead of NFP

    At August's close, the USD can be said to have performed exceedingly well against its trading partners. The Non Farm Payroll data for August is released on September 2, 2022, and is perhaps more eagerly anticipated than normal. The worst performing USD pair over the past month has been the Pakistani rupee , which fell by more than 8.0%. But this movement against the USD was far from the norm.

  • NFP, The Dollar Index And A Confirmed Bull Trend Continuation Pattern

    How I Trade NFP NFP is usually released on the first Friday of every month. In short, The nonfarm payroll report is a key economic indicator for the United States. Traders and investors tend to put a lot of emphasis on this once-a-month report in search of quick returns. You will never accumulate wealth trading NFP. My approach is to stand aside in the few days in the build-up to NFP.

  • Philippines' Peso Falls To Record Low Against Dollar Amid Widening Trade Deficit

    The Philippine peso fell to a record low versus the dollar on Friday, as surging imports expanded the trade deficit to an all-time high of $5.84 billion in June, while the dollar remained strong. The peso depreciated by 10% this year, falling to 56.90 against the dollar. Also Read: Are You A Fintech Or ESG Expert?

  • UK Electing New Leader; How Will This Affect The GBP?

    As the UK will announce a new Prime Minister on September 5th, we might expect heightened volatility in the GBP in the days before and after the election result. Only a few days remain until the new prime minister is appointed, so the current polls are indicative of the election's results projections, especially if the difference is significant.

  • Japanese Yen Falls To 24-Year Low Against Dollar, Hovers Very Close To 140-Mark

    The dollar is strengthening against the Japanese yen, with the USD/JPY pair gradually moving towards the 140 mark. USD/JPY was last trading at 139.32 at press time. Japanese officials are believed to be watching the currency movement closely according to a report by Reuters.

  • What Will Happen If Japan's Yen Falls To 140 Against The Dollar?

    With the Japanese Yen slowly inching toward the psychological mark of 140 against the dollar, experts believe there could be some sort of "verbal intervention". Key Level: Data compiled by Bloomberg stated that a gauge of the yen's implied volatility from the options market indicated about a 51% chance the currency will hit 140 within a week.

  • Pound is Plunging on the News

    By RoboForex Analytical Department. The Pound Sterling continues plummeting against the USD; by now, it has already dropped to 1.1660. Apart from the strong USD factor, the Pound is being significantly pressured by domestic news. The bearish pressure on the Pound is currently too strong to expect a quick and miraculous recovery.

  • Dollar Rockets To 20-Year High On Powell's Jackson Hole Speech: Analyst Sees More Upsurge This Week

    The dollar index, a gauge that reflects the strength of the dollar against a basket of currencies, hit a two-decade high of 109.4 on Monday. The greenback hit 138.65 against the Japanese yen in the early Asia trade, which is its highest level since July 21.

  • Is The Dollar Index Setting Up For Further Strength?

    My last post on the Dollar Index highlighted the 4% decline in the price. Price movement has been slow on the Dollar Index, but this can and will change in the blink of an eye. The price had been trading inside a 7-year consolidation before breaking out in June of this year. As the expression goes, the longer the consolidation, the bigger the breakout. Below I have the monthly timeframe.

  • India's Crypto Crackdown Resumes As It Accuses a16z-Backed Coinswitch Kuber Of Violating Forex Laws

    India's anti-money laundering agency has accused a16z-backed crypto exchange CoinSwitch Kuber of violating forex laws, Bloomberg reported, citing sources. What Happened: India's Enforcement Directorate  carried out searches at five premises of CoinSwitch Kuber, including the residences of directors and the CEO.

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News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.