Forex market watch. Timing can be difficult to properly execute in the easiest of markets, but forex markets, for a variety of reasons, can present special problems. This is where a solid basis in technical analysis can help take away some of the guess work.

Forex market watch

HOW AND WHY FOREX PRICES MOVE (currency market / foreign exchange rates}

Forex market watch. Bitcoin adds to gains as Flynn cooperates with Russia probe, still below $11, The price of the digital currency bitcoin rose on Friday, nearing its highs of the session following reports that Michael Flynn will testify about President Donald Trump, adding a new element of political uncertainty to the market. p.m. Dec.

Forex market watch


Get access to our expert daily and weekly market analyses and discover how your currency has been tracking with our exchange rate tools. Though US non-farm payrolls have been delayed until next week, Canada was of course at work whilst its southern neighbours were tucking in to the Thanksgiving turkey. The Canadian labour market report will therefore be released at local time this morning.

Canada is arguably the global leader in producing a monthly snapshot of GDP. December is already upon us with only 30 days left for those year-end predictions to be proved right or wrong. For the US Dollar, the story of has been basically 8 months of steady declines, a two-month rally and a month of renewed softness.

The first Friday is of the month is usually — but not always — US payrolls day. Today is one of the exceptions due to the Thanksgiving Day holiday and the closure of Federal Government departments. The labour market report will have to wait another week. The first of these, released by Markit at 9. The six-month averages for the production and new orders sub-components are above 60, and the employment sub-component has averaged a pretty decent The EUR has certainly had an up and down week.

As well as the twists and turns of the German coalition talks, there has been conflicting data on inflation to absorb. It opens unchanged after a very quiet overnight session, the highlight of which were the manufacturing PMI numbers. Recall that these estimates showed output growing at its fastest pace in 17 years. This comes after a remarkable run higher which had seen it rise almost 4 cents against the US Dollar and 6 cents against the Aussie Dollar in the space of less than three weeks.

Ahead of a potentially difficult weekend politically, that comment bears repetition. Overnight price action in GBP suggests a degree of caution creeping in after the recent strong rally. The Aussie Dollar had a pretty poor November as it became increasingly clear the RBA was in no rush to raise interest rates against a background of pretty soft growth in wages and a generally benign picture on inflation.

It ended the month at USD0. All seven activity sub-indexes expanded in November, including very strong results for new orders and exports, two lead indicators that bode well on the outlook for activity levels in early By sector, the performance was not quite as spectacular with only five of eight industries expanding over the month.

Other participants noted stronger demand for equipment, machinery and other inputs or Government projects and procurement, agriculture, renewable energy projects and the local leisure market.

An increase is a good thing: Overnight we saw that New Zealand's terms of trade hit a new record in the September quarter as cheaper petrol imports offset lower export prices, which have been buoyed by strong butter prices in recent months.

The ToT increased 0. Export prices fell 1. A pretty good set of numbers all round has given the Kiwi Dollar a very modest bit of support. OFX uses cookies to create the most secure and effective website possible for our customers. Read our Privacy Policy. OFX is open on weekends. Market News Daily Market News. Sign up to receive the latest market news from our experts.

Thank you for signing up! Oops, something went wrong. Please enter a valid e-mail address. Email Required Not valid.


More...

1067 1068 1069 1070 1071