Noticias Forex

Indonesia's central bank, the Bank Indonesia, is ready to keep the rupiah steady by conducting triple intervention in financial markets whenever necessary, Reuters reports, citing a Bank Indonesia (BI) spokesman on Friday.   more to come …

USD/JPY bulls catch a breather near eight-month high. Multiple tops marked since mid-April challenge further upside. Bears have multiple barriers to tackle before entry. USD/JPY wavers around the multi-month top, marked initially in Asia, while taking rounds to 108.00 during early Friday. In doing so, the yen pair consolidates the heaviest gains in two months…

One-month risk reversals on USD/CNY, which measures the spread between call and put prices, rose above zero earlier this week, indicating a bullish shift in the options market sentiment.  In other words, call options or bullish bets on USD/CNY are now drawing higher prices (demand) than puts or bearish bets.  At press time, the currency…

Japan's inflation rate is slightly positive when stripping away temporary factors such as effect of crude oil price falls, govt travel discounts. FX rates moves on various factors such as economy, interest rate differentials. Having joined discussions at G20, believe global consensus is to avoid premature withdrawal of fiscal support. Rises in the US treasury…

Gold (XAU/USD) is on its way to test the June 2020 low at $1671, as the bears remain in control after Fed Chair Jerome Powell downplayed the recent turmoil in the bond market. Powell said that the recent bond market jitter "caught my attention", which disappointed markets and triggered a renewed uptick in the US…

According to Bloomberg, China's main stock index, the CSI 300, has declined more than 10% from its February peak and looks set to enter a technical correction, with investors worried about rising bond yields and tightening liquidity.  On Tuesday, China's top banking regulator called for a need to reduce leverage amid the rising risk of…

Amir Nasser, CEO of Saudi Aramco, officially known as Saudi Arabian Oil Company, said this week that crude oil demand is expected to improve in just a few short months. "Current demand in the market is about 94m bbl/day, our expectation by next year will be about 99m bbl/day," Nasser said, adding that there was…

USD/CAD stays bid as bulls attack key SMA hurdle. Strong RSI, US dollar upside favor confirmation of the bullish chart pattern. Bears need to refresh weekly low for fresh entry. USD/CAD prints mild gains while taking rounds to the intraday high, currently up 0.12% around 1.2685, during early Friday. The quote’s bounce off 1.2575 the…

NZD/USD extends Thursday's losses, hits a four-week low.  Breakdown of key support and bearish RSI favor deeper losses. NZD/USD slipped to 0.7155 a few minutes before press time, the lowest since Feb. 5.  The pair closed below the 50-day Simple Moving Average (SMA) on Thursday, validating the bearish lower high of 0.7307 created on March…

To maintain average annual GDP growth within a 'reasonable' range over the next five years vs. a goal of above 6.5% for 2016-2020. The annual growth rate in disposable income per capita over next five years to be 'in line with GDP growth' vs 2016-20 goal of over 6.5%. Targets 65% urbanization rate by 2025…