TD advises to sell the US dollar

Forex has responded to weak wage growth, and not to the employment rate, most likely, given that the dollar declined after the employment report, said Mark McCormick, head of the TD office for North America. “Given the renewed attention of the Fed to inflation, weak data on wages, most likely, provoked a depreciation of the …

BBH current comments on the euro

BBH analysts note that the euro is moving down after it closed last week just below $ 1.19 and tested $ 1.1730 on the European morning. “It’s about a three-week low. Some pressure comes from the cross of the euro against the pound sterling, where the single currency was sold at a break below GBP0.800, …

Developing markets gave slack

In recent days, the shares of emerging markets have reversed, changing course and losing points, although earlier vigorous growth has turned some of these assets into the most profitable objects for investment this year. ETF iShares MSCI Emerging Market (ticker EEM) sank 5.5% compared to November 22, when the fund completed trades at the best …

UOB predicts the preservation of the euro range

FX strategies in the UOB remain neutral with respect to the euro / dollar pair and believe that in the near future it can test the area of ​​1.1700. “While the EUR was weakening, as expected, the decline did not have enough momentum for the 1.1700 support test (the lowest level was found at 1.1720). …

Knowing Some of The Best Forex Tips For Beginners

Forex trading involves investment activities undertaken to profit from trade or exchange of global currencies. To put it simply, Forex Trading is very much similar to buying commodities with money. The only difference between a traditional market and a currency market is the absence of commodities. Currencies are bought in exchange of other currencies. The …

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