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No foreign exchange trader can ignore the importance of news to foreign exchange markets volatility. Geopolitical developments, peace or conflict situations, financial and economic data releases such as macroeconomic figures, and natural disasters all can have a significant impact on forex markets. The highly dynamic, foreign exchange markets need to keep tracking news developments.

Pay close attention to the timing and importance of this news impact, or you will find that this news is already " yesterday news."

05 August, 2021

Reuters on
By Christoph Steitz FRANKFURT (Reuters) -Bayer shares fell to their lowest levels in more than seven months after the German agricultural and pharmaceuticals group reported lower-than-expected second-quarter core earnings due to higher production costs and currency headwinds.
The bullish comments on the U.S. economy, by Fed Vice Chair Richard Clarida, triggered a rebound in U.S. Treasury yields and turned market attention away from the release two hours earlier of an unexpectedly weak private employment report that had driven the dollar down.
The currency pair completed a link of growth to 1.1892 and dropped to 1.1838. Today the market is trading in a narrow range at these lows. We expect the range to extend to 1.1827, then another wave of growth to develop to 1.1922. The currency pair completed a link of growth to 1.3965 and dropped to 1.3905. At a certain moment, the market formed a consolidation range and broke through it downwards. Today we expect a decline to 1.3852, followed by growth to 1.3905. With a breakaway of this level upwards a pathway to 1.4000 will open. The currency pair performer a wave of decline to 108.72 and a correction to 109.60. At the moment the market is trading in a narrow consolidation area. We expect the range to extend to 109.86, then — a decline to 108.10. The currency pair keeps developing a consolidation range around 0.9050. The market is supported by the lower border of the range at 0.9020. The quotations have performed growth to 0.9040 and are forming a consolidation range above this level. They might later grow to 0.9105 and drop to 0.9050. Oil demonstrated a decline to 72.60. At a moment, the market formed a consolidation range around this level, and if it is broken away downwards, the correction might continue to 69.07. Today the quotations might drop to 69.96, then grow to 72.60, test the level from below, and fall back to 69.07. There the wave of decline should be over. Next thing, we expect a wave of growth to 77.33. Gold has performed a structure of growth to 1831.22 and, bouncing off this level downwards, keeps declinig to 1805.50. Today we expect this level to be reached, followed by a link of growth to 1818.80. Then we expect a decline to 1805.00. And with a breakaway of this one downwards, a pathway to 1783.83 will open. The stock index keeps trading in a narrow consolidation range around 4400.0 without any trend. With an escape upwards, a pathway for a wave of growth to 4500.5 will open. With an escape downwards, a link of correction to 4333.0 might follow. Then we expect growth to 4500.5, and this is the main scenario. Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products. EUR/USD is trading under 1.1850, hit by hawkish comments by the Fed's Clarida and Daly. The bank is nearing tapering its bond-buying scheme, a move that could happen this year. US jobless claims and a speech from the Fed's Waller are eyed. GBP/USD is licking its wounds around 1.3900 ahead of the BOE’s Super Thursday rate decision in which it also releases new forecasts. Declining covid cases are supporting sterling while hawkish comments from the Fed's Clarida are boosting the dollar. Gold pares all the previous day’s gain and falls back to the familiar trading range. After testing the high of $1,835 in the overnight session, gold prices edge lower on Thursday. The US Treasury yields bounce off their lows following Fed’s official’s hawkish comments. Around 75% of Etheruem nodes are prepared for the London hard fork. The highly anticipated upgrade is expected to occur on block 12,965,000 scheduled for August 5, following a slight delay. Ethereum price managed to slice above $2,700 for the first time since early June. An epic battle between hawks and doves on Super Thursday? That is a dramatic way to view the Bank of England's upcoming rate decision – yet there are good reasons to expect doves to carry the day. That would send sterling down. Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
The dollar was poised to push higher on Thursday as hawkish comments from the U.S. Federal Reserve led markets to bring forward the likely timing of a policy tightening there, while action in Europe and Japan remain distant prospects.
The dollar held most gains against basket of currencies on Thursday after hawkish comments from the U.S. Federal Reserve led markets to move forward the likely timing of a policy tightening. The euro ticked higher at $1.
The Ghanaian currency is just one pesewa away from hitting ¢6 to a dollar. According to the Bank of Ghana’s official trading platform, the dollar is now selling at ¢5.99, which is almost 1% appreciation to the cedi.
The Forex Market in recent years has been developing and expanding continuously. Along with the opening of a series of Forex exchanges, this raises concerns that when opening accounts and trading, will traders encounter insufficient quality exchanges?
Reuters on
* Dollar holds gains as Fed's Clarida sounds hawkish * Euro falls back after failing to clear resistance * NZ dollar bid as market wagers on Aug rate hike * Graphic: World FX rates https://tmsnrt.
The US dollar has received a boost from several Fed speakers, which have talked up tapering. US Nonfarm Payrolls hints have come out mixed. The focus is on the BOE, which is set to refrain from moving on "Super Thursday.
The Indian anti-money laundering watchdog Enforcement Directorate (ED) has slapped a show-cause notice under the foreign exchange management Act (FEMA) of INR 10,600 Cr on Walmart-owned Flipkart and nine other entities/individuals linked to the ecommerce major for allegedly flouting foreign exchange rules.

How to interpret data

We should only focus on high impact news that has the potential to generate big Forex moves, and it is key for you to know which data is important like:

  • Interest rate decision
  • Retail sales
  • Inflation (consumer price or producer price)
  • Unemployment
  • Industrial production
  • Business sentiment surveys
  • Consumer confidence surveys
  • Trade balance
  • Manufacturing sector surveys

Market Opinions

Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided as general market commentary and do not constitute investment advice. YSI Fx will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

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