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Despite a slight retreat on Friday, the greenback is looking to test multi-year highs in the coming sessions. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. Prices provided herein may be provided by market makers and not by exchanges.

Forex, or the foreign exchange market, is a market for trading currencies. The forex market is the largest market in terms of trading volume and determines the foreign exchange rate. Forex trading includes the buying, selling and exchanging of currencies for the currently determined prices, which are provided by forex brokers — the intermediaries that allow for the purchases of currency with additional transaction fees. Bitcoin forex trading is a new opportunity provided by some forex brokers that is gaining popularity among high-risk traders, due to the high volatility that provides the chance to gain a much larger profit than any fiat currency can provide. It is interesting to point out that — as Bitcoin has an uncertain legal status and is sometimes considered to be a good or asset and not a currency — forex trading with Bitcoin is in an unstable position.

Price is moving towards 1.2960 but so far there is little poise to go chasing a move towards the 200-hour MA (blue line) @ 1.2973. As mentioned earlier, I reckon they can take heart in the fact that the yen has actually weakened despite the coronavirus saga. Latest data released by CBI – 25 February Total distributive reported sales 7 vs 10 expected – Prior 11 ForexLive Although weaker-than-expected, retail sales balance is back up to positive territory and is the highest since April 2019. The 3-month moving average is also seen improving to 0 from -1 last month, being the highest since January 2019. Here’s a list of potential catalysts you should keep an eye on in the next few days.

The euro today gapped lower against the US dollar to start of the week trading with a bearish bias amid the risk-off market sentiment created by coronavirus headlines. The EUR/USD currency pair oscillated between gains and losses during today’s session as bears fought to control the pair’s price despite the upbeat German macro reports. Although European stocks are still trading in the red, the US markets are trying to have a Turnaround Tuesday after the 1000 point decline in the Dow yesterday. In the forex, the GBP is the strongest, while the NZD and the AUD decline. Yesterday, both those currencies rebounded a bit despite the sharp fall in stocks, but each are trying to get off lows.

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 https://en.forexdemo.info/profit-group-company-review-investor-reviews-of-dc-profit-group/ 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.

It’s a busy day ahead on the economic calendar as the markets digest the latest COVID-19 numbers. All the biggest trading floors in the world have screens locked on ForexLive™.

I would say it is still early days to call for a major bounce, not when there is still the risk of global growth being further hampered by the virus outbreak. USD/JPY is threatening a break of its 200-hour moving average again ForexLive Sellers attempted to break that level in overnight trading, but buyers held on to prevent a daily close below the 61.8 retracement level @ 110.64. However, https://en.forexdemo.info/ the rebound since then was short-lived and met resistance near 111.00. Gold is back up to $1,655 on a bounce from the 100-hour moving average ForexLive European indices are adjusting lower on the day, with early gains evaporating and the equities board is turning red at the moment. 10-year Treasury yields are also slightly lower and that is pushing risk to the downside currently.

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. 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.

Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. The increasing buying interest around the Japanese safe haven keeps weighing on EUR/JPY and forces it to trade in multi-day lows in the 119.60 region.

Empowering the individual traders was, is, and will always be our motto going forward. At times, the excitement during executions can bring about many emotions. Whether new or highly skilled, there will always be moments when traders experience forex trading jitters.

• Improve your trading knowledge and stay ahead of the curve with our weekly Foundations of Forex Trading webinar.
• It’s a busy day ahead on the economic calendar as the markets digest the latest COVID-19 numbers.
• When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors.
• Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
• At times, the excitement during executions can bring about many emotions.
• Register for free at FX Academy, the first online interactive trading academy that offers courses on Technical Analysis, Trading Basics, Risk Management and more prepared exclusively by professional Forex traders.

You may lose more than you invest (except for OANDA Europe Ltd customers who have negative balance protection). We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. MarketPulse is a forex, commodities, and global indices analysis news site providing timely and accurate information on major economic trends, technical analysis, and worldwide events that impact different asset classes and investors. A spike in coronavirus deaths in China on Wednesday tests the market resolve early on. A light economic indicator will leave the news wires in focus.

Stay up-to-date on breaking forex news as well as relevant financial developments. Commodities Our guide explores the most traded commodities worldwide and how to start trading them. Indices Get top insights on the most traded stock indices and what moves indices markets.

The euro today traded at multi-year lows against the US dollar despite the release of positive German macro reports in the early European session. The EUR/USD currency pair fell to lows last witnessed in April 2017 after the results of the last French election were announced. The Japanese yen gained against most of the other currencies today as coronavirus fears continued to drive investors to safer assets. The yen, being one of such assets, profited immensely from the demand for safety.

US Dollar Weakens As Economy Softens on Coronavirus, 2020 Election Fears

BTC/USD is currently trading at the price level of $9575 and looking for support at $9350. The major moving averages are very close, and Bitcoin will most likely end up in the SMA200 environment, now at $8750.

GBP Strengthens as Polls Show Johnson Nears Majority

Register for free at FX Academy, the first online interactive trading academy that offers courses on Technical Analysis, Trading Basics, Risk Management and more prepared exclusively by professional Forex traders. U.S. stock prices plunged dramatically on Monday as the number of coronavirus cases outside of China spiked, raising concerns that further global economic problems are yet to come.

Barchart’s Chart of the Day (sent every trading day) is brought to you our Barchart Analysts. They scour the markets for trading opportunities using many of Barchart.com’s free tools, such as Signals, Top Stocks by Sector, and Opinions.

The USD this morning is mixed with gains vs NZD, AUD and EUR, a bigger decline vs the GBP (-0.29%) and more modest declines vs the JPY, CAD and CHF. The euro today spiked higher against the US dollar in the early European session following the release of upbeat eurozone PMIs by Markit Economics. However, the EUR/USD currency pair’s rally was short-lived since the pair fell shortly afterwards after news of rising coronavirus infections in South Korea damped investor risk appetite. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances.