Straits Times Index
3,384.29 +20.61 (+0.61%) Nikkei
27,509.46 +107.41 (+0.39%) Hang Seng
21,660.47 -297.89 (-1.36%) FTSE 100
7,901.80 +81.64 (+1.04%) BTC-USD
23,324.61 -33.12 (-0.14%) CMC Crypto 200
535.42 -1.43 (-0.27%)
EUR/CHF (EURCHF=X)
| Previous close | 0.9963 |
| Open | 0.9994 |
| Bid | 0.9993 |
| Day's range | 0.9993 - 0.9994 |
| 52-week range | 0.9429 - 1.0611 |
| Ask | 1.0003 |
- 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?
