Bullet Report: Top 5 Market Facts to Know – November 16th
November 16, 2017 10:44 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA – double top) April 17, 2024
- Technical Analysis – GBPCAD hits a wall but bulls not ready to give up April 17, 2024
- Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA – 2/8 Murray) April 17, 2024
- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
- Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation April 17, 2024
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURUSD takes a breather after sharp tumble April 17, 2024
- Market continues to price in a plethora of rate cuts for 2024 – Special Report April 17, 2024
- EUR/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURGBP maintains bearish bias amid pennant formation April 17, 2024
- EUR/USD. April 17th. Jerome Powell supports the dollar April 17, 2024
- GBP/USD. April 17th. Inflation in Britain is falling, but not as much as the market wants April 17, 2024
- Tesla Q1 Earnings: Poor deliveries point to disappointing results – Stock Markets April 17, 2024
- Video market update for April 17, 2024 April 17, 2024
- Forex forecast 04/17/2024: EUR/USD, GBP/USD, Gold, Bitcoin and Ethereum from Sebastian Seliga April 17, 2024
- Technical Analysis – Gold struggles to jump above 2,400 April 17, 2024
- GBP/USD: trading tips for beginners for European session on April 17 April 17, 2024
1. The dollar rebounded from four-week lows against the yen today as global markets regained some of their risk appetite after a sharp sell-off in stocks and the greenback over the past week. As share prices rebounded across Asia and Europe, the dollar climbed around 0.2% to 113.09 yen, up from lows of 112.47 yen on yesterday.
2. The Australian dollar bounced from near five-month lows as a mostly upbeat local employment report triggered a round of short-covering. The Aussie traded up 0.1% at $0.7597, almost flat on the day, having plummeted to a low of $0.7567, a bottom last seen in late June.
3. Sterling slipped to a four-week low against the euro on Wednesday, with inflation-lagging wages data not doing anything to challenge the view that the Bank of England will keep interest rates on hold after their first increase in a decade. But after hitting a five-day high of $1.3215, sterling quickly slipped back, giving up all its earlier gains to trade flat at $1.3175 by 1015 GMT. Against the euro, sterling slipped as much as 0.6% on the day to 90.14 pence, its weakest since Oct. 20.
4. The dollar trimmed losses against a basket of major currencies on Wednesday, after data showed an uptick in inflation as well as a surprise rise in retail sales last month, cementing expectations for an interest rate hike in December. The Labor Department said on Wednesday that the core Consumer Price Index rose 0.2% in October after edging up 0.1% in September. The euro was down 0.02% at $1.1794 against the greenback, after earlier rising as high as $1.186.
5. Prices for Bitcoin had been on the decline and moved sideways Tuesday. Today, its price breached $7,000 once again, almost three weeks after it first crossed that mark. At 09:53 GMT, the cryptocurrency was trading at $7,451, up by over 10% in the last 24-hours.
The post Bullet Report: Top 5 Market Facts to Know – November 16th appeared first on Forex.Info.
Related Posts: