Forex and Currency News :: Page 156

Archive for Forex and Currency News – Page 156

Ichimoku Cloud Analysis 28.03.2022 (EURUSD, CADCHF, USDCHF)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.0960; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1020 and then resume moving downwards to reach 1.0755. Another signal in favour of a further downtrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.1070. In this case, the pair may continue growing towards 1.1165.

CADCHF, “Canadian Dollar vs Swiss Franc”

CADCHF is trading at 0.7474; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7440 and then resume moving upwards to reach 0.7570. Another signal in favour of a further uptrend will be a rebound from the upside border of the Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.7295. In this case, the pair may continue falling towards 0.7205.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading at 0.9337; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.9345 and then resume moving downwards to reach 0.9170. Another signal in favour of a further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.9405. In this case, the pair may continue growing towards 0.9500.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Financial News Forex and Currency News

28 Mar

The Analytical Overview of the Main Currency Pairs on 2022.03.28

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.0998
Prev Close: 1.0983
% chg. over the last day: -0.06%

A split is brewing inside the European Union, with some countries refusing to pay Russia for energy resources in rubles. So far, countries that are extremely dependent on Russian oil and gas are considering this possibility. This situation negatively affects the national currency of the Eurozone. In its turn, Fed policy tightening will contribute to the growth of the dollar index, which is also negative for the Euro.

Trading recommendations

Support levels: 1.0917, 1.0887, 1.0823, 1.0633
Resistance levels: 1.0963, 1.1007, 1.1037 1.1079, 1.1112, 1.1291

From the technical point of view, the trend on the EUR/USD currency pair on the hourly time frame is still bearish. The MACD indicator is negative again. The sellers’ pressure has increased. Under such market conditions, it is better to look for sell trades on the intraday time frames from the resistance level of 1.1007. Buy trades should be considered from the support level of 1.0917, but only with short targets.

Alternative scenario: if the price breaks out through the 1.1037 resistance level and fixes above, the mid-term uptrend will likely resume.

There is no news feed for today.

The GBP/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.3183
Prev Close: 1.3180
% chg. over the last day: -0.02%

The fundamental picture for the GBP/USD currency pair looks uncertain. On the one hand, the tightening of the US Fed’s policy will help strengthen the dollar. On the other hand, the Bank of England is also raising interest rates to fight inflation, which will support the British currency. There is a third factor – the rise in Brent oil prices also contributes to the pound’s strengthening.

Trading recommendations

Support levels: 1.3140, 1.3074, 1.3015, 1.2989, 1.2863
Resistance levels: 1.3168, 1.3244, 1.3274

On the hourly time frame, the GBP/USD currency pair trend is bullish. The price has corrected to a strong support level, opening good opportunities to look for trades. But the MACD indicator has turned negative, the sellers’ pressure has increased. Under such market conditions, buy deals should be considered from the support level of 1.3140, but better with confirmation. For sell deals, it is better to consider the resistance level of 1.3244, but only with short targets.

Alternative scenario: if the price breaks down through the 1.3074 support level and fixes below, the mid-term uptrend will likely be broken.

News feed for 2022.03.28:

– UK BoE Gov Bailey’s Speech at 14:00 (GMT+3).

The USD/JPY currency pair

Technical indicators of the currency pair:

Prev Open: 122.32
Prev Close: 122.08
% chg. over the last day: -0.19%

The upward trend on the USD/JPY currency pair continues. The Central Bank of Japan continues to actively stimulate the economy with “cheap” money, which allows the Japanese economy to maintain a stable growth trajectory, as evidenced by the growth of the Nikkei 225 Index (JP225) over the past two weeks. However, this policy harms the national currency. Given that the US Fed plans to raise the interest rates more aggressively at the next meetings, this situation favours the continued growth of USD/JPY quotes in the mid-term prospect.

Trading recommendations

Support levels: 122.37, 121.27, 120.78, 119.96, 119.52, 118.58, 118.06
Resistance levels: 123.73

The medium-term trend on the USD/JPY currency pair is bullish. The price breaks through the resistance levels without significant corrections. The lesser the pullbacks, the bigger and faster will be the fall on the corrective movement. The MACD indicator is in the positive zone. There are signs of overbought and divergence on several time frames. Under such market conditions, it is best to look for buy deals after a pullback, as the price has strongly deviated from the moving averages. A support level of 122.37 would be the best, but with additional confirmation. The resistance level of 123.73 can be considered for sell deals, but only after the sellers’ initiative.

Alternative scenario: if the price fixes below 120.89, the uptrend will likely be broken.

There is no news feed for today.

The USD/CAD currency pair

Technical indicators of the currency pair:

Prev Open: 1.2524
Prev Close: 1.2576
% chg. over the last day: -0.38%

The Canadian dollar is a commodity currency, so it is highly dependent not only on the monetary policy of the Bank of Canada but also on the oil prices and the dollar index. Last week, oil prices fell slightly, and the dollar index rose, but this did not significantly impact the downtrend of the USD/CAD pair. This means that the Canadian dollar is now also strengthening thanks to the monetary policy of the Bank of Canada, which plans to raise interest rates soon.

Trading recommendations

Support levels: 1.2453
Resistance levels: 1.2537, 1.2591, 1.2655, 1.2713, 1.2754, 1.2851

In terms of technical analysis, the USD/CAD currency pair trend is bearish. The price has reached the daily support level. The MACD indicator is in the negative zone. There are signs of divergence on several timeframes. It is worth trading only with short targets because on the USD/CAD currency pair fundamentally, there are no prerequisites for a medium-term trend, as the dollar index also has the support of the Fed in the medium term. Under such market conditions, it is better to look for buy trades on the lower time frames from the support level of 1.2453, but it is better with additional confirmation. For sell deals, it is better to consider the resistance level of 1.2537.

Alternative scenario: if the price breaks through and consolidates above 1.2654, the downtrend will likely be broken.

There is no news feed for today.

by JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Financial News Forex and Currency News

27 Mar

Large Currency Speculators sharply cut back on Canadian dollar bets

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday March 22nd and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

Highlighting the COT currency data was the sharp pullback in the Canadian dollar currency futures contracts. Canadian dollar speculators cut back on their bullish bets by a total of -22,680 contracts, the largest change among currencies this week and one week after CAD saw bullish bets rise by over +10,000 contracts (bringing the speculator standing to a six-week high). This week’s decline dropped the total net speculator standing back into bearish territory (-4,940 contracts) for the first time in the past ten weeks, dating back to January 11th. The major commodity currencies (Canadian dollar, Australian dollar and New Zealand dollar) all saw pullbacks in their speculator bets this week after strong rises last week.

The only currency markets with higher speculator bets this week were the US Dollar Index (1,255 contracts) and the Euro (5,049 contracts).

The currencies with declining bets were the Japanese yen (-16,142 contracts), Brazil real (-2,599 contracts), Swiss franc (-3,195 contracts), British pound sterling (-8,183 contracts), New Zealand dollar (-1,133 contracts), Canadian dollar (-22,680 contracts), Russian ruble (-263 contracts) and Bitcoin (-190 contracts).

Data Snapshot of Forex Market Traders | Columns Legend

Mar-22-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	51,952	72	29,635	77	-33,521	19	3,886	59
EUR	658,817	66	23,843	42	-46,378	63	22,535	12
GBP	195,712	36	-37,244	47	50,390	59	-13,146	28
JPY	248,221	87	-78,482	18	104,790	88	-26,308	0
CHF	44,911	21	-8,424	55	20,499	54	-12,075	28
CAD	124,090	13	-4,940	43	-7,565	54	12,505	55
AUD	127,767	28	-51,189	37	48,388	55	2,801	59
NZD	35,256	15	2,520	75	-2,069	27	-451	47
MXN	134,766	19	-18,051	20	13,919	79	4,132	61
RUB	20,930	4	7,543	31	-7,150	69	-393	24
BRL	70,832	68	41,564	91	-44,463	8	2,899	100
Bitcoin	11,274	61	0	94	-481	0	481	24

US Dollar Index Futures:

The US Dollar Index large speculator standing this week resulted in a net position of 29,635 contracts in the data reported through Tuesday. This was a weekly lift of 1,255 contracts from the previous week which had a total of 28,380 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 76.9 percent. The commercials are Bearish-Extreme with a score of 18.9 percent and the small traders (not shown in chart) are Bullish with a score of 59.0 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	83.8	3.2	10.5
– Percent of Open Interest Shorts:	26.8	67.7	3.0
– Net Position:	29,635	-33,521	3,886
– Gross Longs:	43,561	1,665	5,434
– Gross Shorts:	13,926	35,186	1,548
– Long to Short Ratio:	3.1 to 1	0.0 to 1	3.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	76.9	18.9	59.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.1	12.1	-34.7

Euro Currency Futures:

The Euro Currency large speculator standing this week resulted in a net position of 23,843 contracts in the data reported through Tuesday. This was a weekly boost of 5,049 contracts from the previous week which had a total of 18,794 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.3 percent. The commercials are Bullish with a score of 62.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 11.7 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.4	54.3	11.5
– Percent of Open Interest Shorts:	27.8	61.3	8.1
– Net Position:	23,843	-46,378	22,535
– Gross Longs:	207,051	357,492	75,970
– Gross Shorts:	183,208	403,870	53,435
– Long to Short Ratio:	1.1 to 1	0.9 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	42.3	62.6	11.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.6	7.6	-19.7

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week resulted in a net position of -37,244 contracts in the data reported through Tuesday. This was a weekly fall of -8,183 contracts from the previous week which had a total of -29,061 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 47.2 percent. The commercials are Bullish with a score of 59.5 percent and the small traders (not shown in chart) are Bearish with a score of 28.4 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	16.7	70.4	9.9
– Percent of Open Interest Shorts:	35.8	44.7	16.6
– Net Position:	-37,244	50,390	-13,146
– Gross Longs:	32,753	137,829	19,316
– Gross Shorts:	69,997	87,439	32,462
– Long to Short Ratio:	0.5 to 1	1.6 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	47.2	59.5	28.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-20.7	24.3	-25.6

Japanese Yen Futures:

The Japanese Yen large speculator standing this week resulted in a net position of -78,482 contracts in the data reported through Tuesday. This was a weekly fall of -16,142 contracts from the previous week which had a total of -62,340 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 18.4 percent. The commercials are Bullish-Extreme with a score of 88.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.0 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	14.8	76.2	7.2
– Percent of Open Interest Shorts:	46.4	34.0	17.7
– Net Position:	-78,482	104,790	-26,308
– Gross Longs:	36,676	189,100	17,749
– Gross Shorts:	115,158	84,310	44,057
– Long to Short Ratio:	0.3 to 1	2.2 to 1	0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	18.4	88.2	0.0
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-12.2	14.3	-19.3

Swiss Franc Futures:

The Swiss Franc large speculator standing this week resulted in a net position of -8,424 contracts in the data reported through Tuesday. This was a weekly lowering of -3,195 contracts from the previous week which had a total of -5,229 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 55.2 percent. The commercials are Bullish with a score of 53.9 percent and the small traders (not shown in chart) are Bearish with a score of 27.9 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	13.4	68.3	18.1
– Percent of Open Interest Shorts:	32.1	22.6	45.0
– Net Position:	-8,424	20,499	-12,075
– Gross Longs:	6,012	30,663	8,143
– Gross Shorts:	14,436	10,164	20,218
– Long to Short Ratio:	0.4 to 1	3.0 to 1	0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	55.2	53.9	27.9
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.7	4.0	-13.4

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week resulted in a net position of -4,940 contracts in the data reported through Tuesday. This was a weekly lowering of -22,680 contracts from the previous week which had a total of 17,740 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.9 percent. The commercials are Bullish with a score of 54.1 percent and the small traders (not shown in chart) are Bullish with a score of 54.7 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	23.6	47.8	26.9
– Percent of Open Interest Shorts:	27.6	53.9	16.8
– Net Position:	-4,940	-7,565	12,505
– Gross Longs:	29,314	59,269	33,406
– Gross Shorts:	34,254	66,834	20,901
– Long to Short Ratio:	0.9 to 1	0.9 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	42.9	54.1	54.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-19.2	6.8	20.8

Australian Dollar Futures:

The Australian Dollar large speculator standing this week resulted in a net position of -51,189 contracts in the data reported through Tuesday. This was a weekly decline of -6,333 contracts from the previous week which had a total of -44,856 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 37.4 percent. The commercials are Bullish with a score of 55.0 percent and the small traders (not shown in chart) are Bullish with a score of 59.3 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	18.6	59.4	20.0
– Percent of Open Interest Shorts:	58.7	21.5	17.8
– Net Position:	-51,189	48,388	2,801
– Gross Longs:	23,747	75,916	25,508
– Gross Shorts:	74,936	27,528	22,707
– Long to Short Ratio:	0.3 to 1	2.8 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	37.4	55.0	59.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	32.0	-37.3	37.6

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week resulted in a net position of 2,520 contracts in the data reported through Tuesday. This was a weekly fall of -1,133 contracts from the previous week which had a total of 3,653 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 75.5 percent. The commercials are Bearish with a score of 27.2 percent and the small traders (not shown in chart) are Bearish with a score of 46.7 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	48.7	40.4	9.5
– Percent of Open Interest Shorts:	41.5	46.2	10.7
– Net Position:	2,520	-2,069	-451
– Gross Longs:	17,156	14,227	3,339
– Gross Shorts:	14,636	16,296	3,790
– Long to Short Ratio:	1.2 to 1	0.9 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	75.5	27.2	46.7
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	21.6	-22.8	21.9

Mexican Peso Futures:

The Mexican Peso large speculator standing this week resulted in a net position of -18,051 contracts in the data reported through Tuesday. This was a weekly reduction of -7,475 contracts from the previous week which had a total of -10,576 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 19.6 percent. The commercials are Bullish with a score of 78.6 percent and the small traders (not shown in chart) are Bullish with a score of 60.5 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	43.1	51.1	5.1
– Percent of Open Interest Shorts:	56.5	40.8	2.0
– Net Position:	-18,051	13,919	4,132
– Gross Longs:	58,150	68,880	6,851
– Gross Shorts:	76,201	54,961	2,719
– Long to Short Ratio:	0.8 to 1	1.3 to 1	2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	19.6	78.6	60.5
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.2	7.5	5.5

Brazilian Real Futures:

The Brazilian Real large speculator standing this week resulted in a net position of 41,564 contracts in the data reported through Tuesday. This was a weekly fall of -2,599 contracts from the previous week which had a total of 44,163 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 91.2 percent. The commercials are Bearish-Extreme with a score of 7.9 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 100.0 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	77.6	15.3	6.8
– Percent of Open Interest Shorts:	19.0	78.1	2.8
– Net Position:	41,564	-44,463	2,899
– Gross Longs:	55,001	10,863	4,851
– Gross Shorts:	13,437	55,326	1,952
– Long to Short Ratio:	4.1 to 1	0.2 to 1	2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	91.2	7.9	100.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	20.9	-21.5	8.5

Russian Ruble Futures:

The Russian Ruble large speculator standing this week resulted in a net position of 7,543 contracts in the data reported through Tuesday. This was a weekly decline of -263 contracts from the previous week which had a total of 7,806 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 31.2 percent. The commercials are Bullish with a score of 69.1 percent and the small traders (not shown in chart) are Bearish with a score of 23.9 percent.

RUSSIAN RUBLE Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.6	60.6	2.8
– Percent of Open Interest Shorts:	0.5	94.7	4.7
– Net Position:	7,543	-7,150	-393
– Gross Longs:	7,658	12,679	593
– Gross Shorts:	115	19,829	986
– Long to Short Ratio:	66.6 to 1	0.6 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	31.2	69.1	23.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-15.6	16.7	-18.8

Bitcoin Futures:

The Bitcoin large speculator standing this week resulted in a net position of 0 contracts in the data reported through Tuesday. This was a weekly lowering of -190 contracts from the previous week which had a total of 190 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 94.3 percent. The commercials are Bearish-Extreme with a score of 2.9 percent and the small traders (not shown in chart) are Bearish with a score of 23.9 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	74.7	2.9	11.2
– Percent of Open Interest Shorts:	74.7	7.2	6.9
– Net Position:	0	-481	481
– Gross Longs:	8,425	326	1,263
– Gross Shorts:	8,425	807	782
– Long to Short Ratio:	1.0 to 1	0.4 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	94.3	2.9	23.9
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.8	-23.4	-0.6

Article By InvestMacro – Receive our weekly COT Reports by Email

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

CountingPips Forex Blog Forex and Currency News Opinions

25 Mar

The Analytical Overview of the Main Currency Pairs on 2022.03.25

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.1003
Prev Close: 1.0996
% chg. over the last day: -0.06%

The dollar index has been rising for the four sessions in a row as economic data on the labor market confirmed expectations that the US Federal Reserve will take more aggressive steps to curb inflation. US durable goods orders unexpectedly fell in February due to a slowdown in shipments. Germany’s business activity index showed growth last month, even though sanctions imposed on Russia negatively affected the Eurozone economy. The fundamental picture is in the direction of EUR/USD quotes decline in the medium term.

Trading recommendations

Support levels: 1.1010, 1.0962, 1.0917, 1.0887, 1.0823, 1.0633
Resistance levels: 1.1079, 1.1112, 1.1291

From the technical point of view, the trend on the EUR/USD currency pair on the hourly time frame is still bearish, but the structure is getting more flat. The MACD indicator is inactive. Under such market conditions, it is better to look for sell trades on the intraday time frames from the resistance level of 1.1079. Buy trades should be considered from the support level of 1.1010, but only with short targets.

Alternative scenario: if the price breaks out through the 1.1079 resistance level and fixes above, the mid-term uptrend will likely resume.

News feed for 2022.03.25:

– Eurozone Germany Ifo Business Climate (m/m) at 11:00 (GMT+2);
– Eurozone EU Leaders Summit at 12:00 (GMT+2);
– US Michigan Consumer Sentiment (m/m) at 16:00 (GMT+2);
– US Pending Home Sales (m/m) at 16:00 (GMT+2);
– US FOMC Member Waller’s Speaks at 18:00 (GMT+2).

The GBP/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.3203
Prev Close: 1.3183
% chg. over the last day: -0.15%

The UK manufacturing PMI index declined over the past month, while the service sector activity index increased. The reason for the decline in business activity is high inflation. While against the background of reducing consumer demand and slowing GDP growth, the drop in indicators may be even greater.

Trading recommendations

Support levels: 1.3173, 1.3140, 1.3074, 1.3015, 1.2989, 1.2863
Resistance levels: 1.3244, 1.3274

On the hourly time frame, the GBP/USD currency pair trend has changed to bullish. The price is trading in the area of moving averages, opening up good opportunities for finding deals. The MACD indicator has become inactive. Under such market conditions, buy deals should be considered from the support level of 1.3140, but better with confirmation. For sell deals, it is better to consider the resistance level of 1.3244, but only with short targets.

Alternative scenario: if the price breaks down through the 1.3074 support level and fixes below, the mid-term uptrend will likely be broken.

News feed for 2022.03.25:

– UK Retail Sales (m/m) at 09:00 (GMT+2).

The USD/JPY currency pair

Technical indicators of the currency pair:

Prev Open: 121.11
Prev Close: 122.35
% chg. over the last day: +1.02%

The Central Bank of Japan continues to actively stimulate the economy with “cheap” money, allowing Japan’s economy to maintain a stable growth trajectory, as evidenced by the growth of the Nikkei 225 index (JP225). However, this policy harms the national currency. Considering that the US Fed is planning to raise the interest rates more aggressively at the next meetings, this situation favors the growth of USD/JPY quotes in the mid-term.

Trading recommendations

Support levels: 121.27, 120.78, 119.96, 119.52, 118.58, 118.06
Resistance levels: 122.37

The medium-term trend on the USD/JPY currency pair is bullish. The MACD indicator is in the positive zone. There are signs of overbought and divergence on several time frames. The price has reached the daily resistance level. There is a high probability of downward correction movement. Under such market conditions, it is best to look for buy deals after a pullback, as the price has strongly deviated from the moving averages. A support level of 120.78 or 119.96 would be the best, but with additional confirmation. The resistance level of 122.37 can be considered for sell deals, but only after the sellers’ initiative.

Alternative scenario: if the price fixes below 118.59, the uptrend will likely be broken.

News feed for 2022.03.25:

– Japan Tokyo core CPI (m/m) at 01:30 (GMT+2).

The USD/CAD currency pair

Technical indicators of the currency pair:

Prev Open: 1.2561
Prev Close: 1.2524
% chg. over the last day: -0.29%

The Canadian dollar is a commodity currency, so it is highly dependent not only on the monetary policy of the Bank of Canada but also on the oil prices and the dollar index. Crude oil prices fell about 3% on Thursday as Europe abandoned the idea of banning supplies from Russia and the US began talking about another coordinated release of its reserves. A decline in oil prices may lead to a corrective downward movement of the Canadian dollar (growth in USD/CAD).

Trading recommendations

Support levels: 1.2555, 1.2517
Resistance levels: 1.2655, 1.2713, 1.2754, 1.2851

In terms of technical analysis, the USD/CAD currency pair trend is bearish. The price has reached the daily support level. The MACD indicator has become negative, but sellers’ pressure is decreasing. There are signs of divergence. The narrowing of liquidity in the form of a triangle led to an impulsive downward movement. However, there is no continuation, so there is a high probability of a false breakdown. It is worth trading only with short targets because on the USD/CAD currency pair fundamentally, there are no prerequisites for a medium-term trend, as the dollar index also has the support of the Fed in the medium term. Under such market conditions, it is better to look for buy trades on the lower time frames from the support level of 1.2555, but it is better with additional confirmation. For sell deals, it is better to consider the resistance level of 1.2655.

Alternative scenario: if the price breaks through and consolidates above 1.2713, the downtrend will likely be broken.

There is no news feed for today.

by JustForex

Financial News Forex and Currency News

25 Mar

3 reasons why the US dollar is climbing

By Han Tan Chief Market Analyst at Exinity Group

The US dollar a.k.a. the greenback a.k.a. the ‘buck’ has firmed its grip as ‘king of the FX world’ so far this year.

The benchmark dollar index (DXY), which measures how the USD has performed against a basket of major peers such as the euro, pound, and yen, has climbed by more than 3.3% so far in 2022 and is trading around its highest levels since May 2020.

The buck also has a year-to-date advance against most of its G10 peers and all Asian currencies.

So why has the dollar been so strong?

Here are 3 reasons:

1) The Fed is raising interest rates

A country’s currency tends to climb alongside its interest rates.

Last week, the US central bank raised interest rates by 25 basis points for the first time since December 2018.

More importantly, the Fed indicated that it could raise rates another six times for the rest of this year, even citing the possibility of a 50-basis point hike in May. That would be like firing two bullets with a single shot.

As markets anticipate these higher rates, that has sent the US dollar upwards as well.

2) Economic resilience

Despite interest rates going up (which typically translates into slower economic growth), the US economy is expected to fare better than its major peers, namely the European Union (which has an all-out war raging off to its east) and the United Kingdom. For example, the US is less reliant on Russia for oil and natural gas, compared to the EU and the UK.

The Bank of England is already starting to pour cold water on how much it could raise interest rates, sounding more ‘dovish’ after its policy meeting earlier this month.

The European Central Bank is still pressing ahead with its plans to raise interest rates, but markets are doubting its how much the ECB can hike, considering the potential fallout from its worst security crisis since World War 2.

Noting that the euro and the British Pound account for almost 70% of the DXY, the US economy’s relative outperformance compared to the EU and the UK should keep the DXY well supported.

3) Safe haven demand

The US dollar is seen as an asset that can protect investors’ wealth when markets are facing heightened fears. In times of great uncertainty, as we’re seeing now with the Russia-Ukraine war, the US dollar welcomes investors far and wide with arms wide open.

After all, the greenback is the world’s reserve currency, is mostly widely used in cross-border transactions, and is the currency of the world’s largest economy.

However, that doesn’t mean that the US dollar is climbing against every single currency.

In fact, within the G10 space, the US dollar has weakened against these four currencies thus far in 2022:

Australian dollar (AUD): 3.2%
Norwegian krone (NOK): 2.5%
New Zealand dollar (NZD): 1.9%
Canadian dollar (CAD): 0.7%

^{(percent figures reflect currency’s year-to-date performance against the US dollar)}

And here are two main reasons why the above-listed currencies have strengthened against the greenback:

Their central banks have also raised interest rates, except for the Reserve Bank of Australia, for now.
More influential is the fact that markets believe that these central banks are ready to raise rates even higher in order to bring down roaring inflation.
These economies are reliant on commodities.
Given the surge in commodities in recent months, companies in these countries, along with the governments, stand to earn more money.

More money flowing into its economy = more demand for its currency = currency strength

The same rationale also applies to currencies like the Brazilian Real, which is the best-performing emerging-market currency against the US dollar so far this year.

Overall, the US dollar is expected to maintain its position of strength throughout the course of 2022 and potentially beyond.

Though as explained above, not all currencies are created equal, which means there are a number of currencies that still stand to outperform ‘king dollar’ this year.

Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

Article by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

Forex and Currency News Opinions

24 Mar

Ichimoku Cloud Analysis 24.03.2022 (EURUSD, GBPUSD, USDCAD)

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.0980; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1035 and then resume moving downwards to reach 1.0760. Another signal in favour of a further downtrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.1070. In this case, the pair may continue growing towards 1.1165.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.3191; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3115 and then resume moving upwards to reach 1.3395. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.3065. In this case, the pair may continue falling towards 1.2975.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2573; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.2590 and then resume moving downwards to reach 1.2485. Another signal in favour of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.2610. In this case, the pair may continue growing towards 1.2705.

Article By RoboForex.com

Financial News Forex and Currency News

24 Mar

Murrey Math Lines 24.03.2022 (USDCHF, GOLD)

Article By RoboForex.com

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to test 5/8, break it, and then continue growing to reach the resistance at 6/8. However, this scenario may be cancelled if the price breaks 4/8 to the downside. After that, the instrument may reverse and fall towards the support at 2/8.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue growing.

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD is trading above the 200-day Moving Average, thus indicating a further ascending tendency. In this case, the price is expected to continue moving upwards to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks the support at 7/8 to the downside. After that, the instrument may reverse and form a new descending wave towards 6/8.

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.

Article By RoboForex.com

Financial News Forex and Currency News

24 Mar

The Analytical Overview of the Main Currency Pairs on 2022.03.24

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.1030
Prev Close: 1.1005
% chg. over the last day: -0.22%

On Wednesday, San Francisco Fed President Mary Daley and Cleveland Fed President Loretta Mester were the other Fed policymakers, indicating that the central bank is planning a larger interest rate hike at its May meeting. Analysts on Wednesday updated their Fed forecast in light of Powell’s comments and now expect a 50 basis point rate hike in both May and June meetings.

Trading recommendations

Support levels: 1.0962, 1.0917, 1.0887, 1.0823, 1.0633
Resistance levels: 1.1025, 1.1079, 1.1112, 1.1291

From the technical point of view, the trend on the EUR/USD currency pair on the hourly time frame is still bearish. At the moment, the price is trading in a wide corridor. The MACD indicator has become inactive again. Under such market conditions, it is better to look for sell trades on the intraday time frames from the resistance level of 1.1025. Buy trades should be considered from the support level of 1.0917, but only with short targets.

Alternative scenario: if the price breaks out through the 1.1079 resistance level and fixes above, the mid-term uptrend will likely resume.

News feed for 2022.03.24:

– Eurozone Germany Manufacturing PMI (m/m) at 10:30 (GMT+2);
– Eurozone Germany Services PMI (m/m) at 10:30 (GMT+2);
– Eurozone ECB Economic Bulletin at 11:00 (GMT+2);
– Eurozone Manufacturing PMI (m/m) at 11:00 (GMT+2);
– Eurozone Services PMI (m/m) at 11:00 (GMT+2);
– Eurozone EU Leaders Summit at 12:00 (GMT+2);
– US Core Durable Goods Orders (m/m) at 14:30 (GMT+2);
– US Initial Jobless Claims (w/w) at 14:30 (GMT+2);
– US FOMC Member Waller’s Speaks at 15:10 (GMT+2);
– US Manufacturing PMI (m/m) at 15:45 (GMT+2);
– US Services PMI (m/m) at 15:45 (GMT+2);
– US FOMC Member Bostic’s Speaks at 17:00 (GMT+2).

The GBP/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.3257
Prev Close: 1.3201
% chg. over the last day: -0.42%

UK Treasury Secretary Rishi Sunak announced tax cuts for workers and lower fuel duties following inflation data, seeking to mitigate the severe cost of living cuts amid rapidly rising prices and slowing economic growth.

Trading recommendations

Support levels: 1.3173, 1.3140, 1.3015, 1.2989, 1.2863
Resistance levels: 1.3244, 1.3274

On the hourly time frame, the GBP/USD currency pair trend has changed to bullish. Yesterday the price slightly corrected to the moving lines, where traders can look to buy trades. The MACD indicator has become negative. Under such market conditions, buy deals should be considered from the support level of 1.3208, but better with confirmation. For sell deals, it is better to consider the resistance level of 1.3274, but only with short targets.

Alternative scenario: if the price breaks down through the 1.3016 support level and fixes below, the mid-term uptrend will likely be broken.

News feed for 2022.03.24:

– UK Manufacturing PMI (m/m) at 11:30 (GMT+2);
– UK Services PMI (m/m) at 11:30 (GMT+2).

The USD/JPY currency pair

Technical indicators of the currency pair:

Prev Open: 120.81
Prev Close: 121.11
% chg. over the last day: +0.24%

On Tuesday, Bank of Japan Governor Haruhiko Kuroda said that the central bank should maintain ultra-loose monetary policy because cost-push inflation could hurt the economy. High commodity prices are also negative for the yen since Japan imports most of its energy. Considering that the US Federal Reserve has already started raising interest rates and is planning another 6-7 rate hikes at each meeting, this situation favors USD/JPY quotes growth in the mid-term.

Trading recommendations

Support levels: 120.78, 119.96, 119.52, 118.58, 118.06
Resistance levels: 121.52, 122.17

The medium-term trend on the USD/JPY currency pair is bullish. The MACD indicator is in the positive zone. There are signs of overbought and divergence on several time frames. The price has reached the daily resistance level. There is a high probability of downward correction movement. Under such market conditions, it is best to look for buy deals after a pullback, as the price has strongly deviated from the moving averages. A support level of 120.78 or 119.96 would be the best, but with additional confirmation. The resistance level of 121.52 can be considered for sell deals, but only after the sellers’ initiative.

Alternative scenario: if the price fixes below 118.59, the uptrend will likely be broken.

News feed for 2022.03.24:

– Japan Monetary Policy Meeting Minutes at 01:50 (GMT+2);
– Japan Manufacturing PMI (m/m) at 02:30 (GMT+2);
– Japan Services PMI (m/m) at 02:30 (GMT+2).

The USD/CAD currency pair

Technical indicators of the currency pair:

Prev Open: 1.2570
Prev Close: 1.2570
% chg. over the last day: -0.07%

The fundamental picture for the Canadian dollar remains the same. The Canadian dollar is a commodity currency, so it is highly dependent not only on the monetary policy of the Bank of Canada but also on the oil prices and the dollar index. Oil prices continue to rise because Europe is trying to cut oil and gas supplies from Russia, and Russia wants to convert payments for gas into rubles. Crude oil inventories are also very low by historical standards, so any disruption in global supply would significantly impact prices. At the same time, rising inflation in Canada increases the likelihood of more aggressive interest rates hikes. All these factors strengthen the Canadian currency (decrease in USD/CAD quotes).

Trading recommendations

Support levels: 1.2555, 1.2517
Resistance levels: 1.2655, 1.2713, 1.2754, 1.2851

In terms of technical analysis, the USD/CAD currency pair trend is bearish. The price has reached the daily support level. The MACD indicator has become inactive, sellers’ pressure is decreasing, there are signs of divergence. The narrowing of liquidity in the form of a triangle indicates a soon impulse movement. It is worth trading only with short targets because on the USD/CAD currency pair fundamentally, there are no prerequisites for a medium-term trend, as the dollar index also has the support of the Fed in the medium term. Under such market conditions, it is better to look for buy trades on the lower time frames from the support level of 1.2555, but it is better with additional confirmation. For sell deals, it is better to consider the resistance level of 1.2655.

Alternative scenario: if the price breaks through and consolidates above 1.2713, the downtrend will likely be broken.

There is no news feed for today.

by JustForex

Financial News Forex and Currency News

24 Mar

Mid-Week Technical Outlook: Pivot Points & Breakouts

By Lukman Otunuga Senior Research Analyst, ForexTime

It was a rough day for European and US equity markets as concerns about rising energy prices and supply shortages left investors on edge.

Ongoing geopolitical tensions and renewed inflation fears also sapped risk appetite, sending the S&P500 tumbling over 1%. In the currency markets, the dollar weakened against most G10 currencies along with the Euro. Oil benchmarks have appreciated over 5% today amid fears that Russia would interrupt energy supplies while gold gained over 1% – currently trading above $1945 as of writing. This has certainly been an eventful week for global markets with things potentially heating up on Thursday as US President Joe Biden attends an emergency Nato summit on Thursday. Whatever the outcome, it may set the tone and mood for the rest of this month.

With explosive levels of volatility on the cards, this could present fresh opportunities across the FX space. Today, we will use pivots points, moving averages and other technical analysis tools to uncover potential setups on various currency pairs.

A pivot point is a technical analysis indicator used to determine the overall trend of the market over different timeframes. Pivot points have predictive qualities, so it is considered a leading indicator to traders. The FXTM pivot point indicator can be downloaded HERE.

GBPUSD above weekly pivot

The GBPUSD has turned bullish on the daily charts. Prices are trading above the weekly pivot level and have already hit the weekly S1 level. A strong daily close above the weekly S1 could encourage an incline towards the weekly S2 based at 1.33397. Should 1.32580 prove to be a tough nut to crack, a decline back to 1.31291 could become reality.

Gold breakout on the horizon

Gold remains trapped within a range with support at $1917 and resistance at $1945. It looks like the precious metal is gearing for a breakout above $1945 with the next key level of interest at $2000. Alternatively, a decline back below $1917 may open the doors towards $1885.

EURUSD choppy on D1 chart

It is shaping up to be a choppy week for the EURUSD. Prices are trading below the weekly pivot level of 1.10291 but there has not been much movement. Sustained weakness below this level could encourage a decline towards 1.09207 which is the weekly S1. Should prices push above the weekly pivot point, the next key level of 1.11579 could be a possibility.

GBPJPY breakout targets 163.88

Bulls are certainly in the building when looking at the GBPJPY. There have been consistently higher highs and higher lows while prices are trading above the 50, 100 and 200 Simple Moving Average. The upside momentum looks healthy with the breakout above 158.00 paving a path towards levels not seen since mid-2016 at 163.88. Should bulls lose control of the steering wheel and prices decline back towards 158.00, this could trigger a deeper selloff to 156.00 and 154.50, respectively.

USDJPY hugging outer Bollinger band

A Bollinger Band is a momentum indicator that helps traders define trends and determine if an asset is oversold or overbought.

The USDJPY is heavily bullish on the daily charts with prices hugging the outer Bollinger band. This is a bullish sign and suggests further upside with 122.00 acting as the first level of interest. Prices are either likely to break above this point to target 123.50 or experience a throwback with 119.20 acting as support. Should this level prove to be unreliable support, this could open the doors back towards 117.40.

Article by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

Forex and Currency News Opinions

23 Mar

Ichimoku Cloud Analysis 23.03.2022 (EURCAD, AUDUSD, USDJPY)

Article By RoboForex.com

EURCAD, “Euro vs Canadian Dollar”

EURCAD is trading at 1.3878; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3895 and then resume moving downwards to reach 1.3685. Another signal in favour of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.3945. In this case, the pair may continue growing towards 1.4035.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7455; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.7305 and then resume moving upwards to reach 0.7545. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.7255. In this case, the pair may continue falling towards 0.7165.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 121.09; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 120.95 and then resume moving upwards to reach 121.85. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 120.65. In this case, the pair may continue falling towards 119.75. To confirm further growth, the asset must break the upside border of the Triangle pattern and fix above 121.35.

Article By RoboForex.com

Financial News Forex and Currency News

Risk Disclosure: Foreign Currency trading and trading on margin carries a high level of risk and can result in loss of part or all of your investment. Due to the level of risk and market volatility, Foreign Currency trading may not be suitable for all investors and you should not invest money you cannot afford to lose. Before deciding to invest in the foreign currency exchange market you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign currency exchange trading, and seek advice from an independent financial advisor should you have any doubts.

All information and opinions on this website are for general informational purposes only and do not constitute investment advice.