
U.S. dollar rises vs most currencies
NEW YORK (Reuters) – Daily Forex Signals – The dollar climbed to a two-week peak against a basket of currencies on Monday, bolstered by expectations the U.S.
Telegram Forex Signals
The dollar index earlier rose to 92.887, its highest since Aug. 27. It was last up slightly at 92.664.
A round of U.S. economic data is due out this week, starting with consumer prices on Tuesday, which will give the latest update on how hot inflation has been ahead of next week’s Fed meeting.
Philadelphia Fed President Patrick Harker became the latest official to say he wants the central bank to start tapering this year, saying in a Nikkei interview that he was keen to scale back asset purchases.
FX Signals
Tapering talk has boosted the dollar, said Erik Nelson, macro strategist at Wells Fargo (NYSE:WFC) Securities in New York.
“We noticed from the Fed communication that they would like to de-link the taper from the rate hike,” Nelson said. “But it will take a lot of convincing and frankly a lot of time for the market to change its reaction function. For now, a taper timeline is closely linked to a rate hike timeline in the market.”
The Wall Street Journal reported on Friday that Fed officials will seek an agreement to begin paring bond purchases in November.
Instant Orders Vs Pending Orders
Aside from inflation, U.S. retail sales and production figures are also scheduled for release this week.
“Another high CPI (consumer price index) reading this week in the face of weakening economic data could begin to paint the Fed into a corner as pressure mounts for stimulus normalization,” said Christopher Vecchio, senior analyst at DailyFX.com, the research unit of forex broker IG.
Charting Basics – Bars vs. Candlesticks
Against the yen, the dollar was up 0.1% at 110 yen. The dollar also gained 0.5% versus the Swiss franc to 0.9228.
In the cryptocurrency market, bitcoin was down 2.8% at $44,762.
Litecoin, with a market cap of nearly $12 billion and one of the earliest digital currencies in circulation, fell 2.6% to $180.78, according to crypto data tracker CoinGecko, after Walmart (NYSE:WMT) Inc said a press release regarding the retailer’s partnership with the cryptocurrency was fake. Pound Set to Snap Losing Streak Vs US Dollar COVID-19
Live Forex News
U.S. dollar rises vs most currencies / ECB Leaves Rates, Asset Purchases Unchanged
Forex Signals Learning Guides, to help you get started with trading. Grow your Learning knowledge on the capital markets. URL FxPremiere.com was Founded in 2010. Since then has grown with over 23,000 live subscribers globally. Daily Trading Alerts are sent by our VPS Networks worldwide via Telegram. Subscribe to our Signals and start receiving Forex Day Trading Signals from the very next trade! Forex Signals Learning Guides below with guide you with every trade you make! Dollar gains with yields as Fed policy in focus
- The fundamental forex strategies
- The technical forex strategies
- The popular forex strategies
- In the forex strategies articles
FxPremiere Group has helped over 5,000 Forex Affiliates earn up to $800 CPA on referrals and has grown immense revenue streams for online affiliates. Trading Forex has never been easy. The World of Forex Trading is growing day by day and its crucial to keep up to date with trends and market analysis.
FX Signals
The most traded pairs of currencies in the world are called the Majors.EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD, Gold, Oil and many many more… Forex Trading comes with it high risk. We help by referring only the very best forex brokers available in the marketplace. Your in safe hands with our partners.With our free forex learning guides you will be able to educate yourselves with the most up to date forex basics required in order to enter the Capital Markets. FxPremiere.com Learning centre is now available for all to read. With blog posts written monthly on the most common searched terms.
U.S. dollar rises vs most currencies
U.S. dollar rises vs most currencies
About The Author: Forex Signals
Telegram Forex Signals FX including Opening Forex Accounts. Subscribe now for major pairs Forex Trading Signals Today by FxPremiere Telegram Forex Signals FX
More posts by Forex Signals