Straits Times Index
3,151.56 -1.67 (-0.05%) S&P 500
3,744.52 -38.76 (-1.02%) Dow
29,926.94 -346.96 (-1.15%) Nasdaq
11,073.31 -75.29 (-0.68%) BTC-USD
19,936.24 -207.14 (-1.03%) CMC Crypto 200
456.11 -7.01 (-1.51%)
EUR/CHF (EURCHF=X)
| Previous close | 0.9714 |
| Open | 0.9689 |
| Bid | 0.9695 |
| Day's range | 0.9687 - 0.9700 |
| 52-week range | 0.9429 - 1.0764 |
| Ask | 0.9700 |
- Investing.com
Dollar Hands Back Some Gains; Nears One-Week Low
The U.S. dollar edged lower in early European trade Tuesday, moving close to a one-week low, as traders eased expectations that the U.S. Federal Reserve will hike by a full percentage point this month. The dollar has been gradually retreating from its multi-year high as expectations of a super-sized tightening by the Fed at the end of July have been reined in, especially after two of the most hawkish FOMC members – James Bullard and Chris Waller – said that their base case was still a 75 basis point move. “We doubt that between now and the 27 July FOMC meeting, markets will seriously reconsider a 100bp increase; first, because the Committee has entered its blackout period, and there are therefore no speakers until next week and second, because the U.S .data flow is set to be mostly second-tier this week,” said analysts at ING, in a note.
- FX Empire
Basics of Forex Trading – Part 1
Newcomers must learn the unique language and dynamics of the forex market to beat the odds and become successful currency traders. What is the forex market? Why is it a great market to trade? What is a currency pair and how it is read? What are the major terms and concepts that forex traders need to learn?
