Forex Blog — Trading news, Signals & Tips

Dow Jones lost 1300 points in two days and the pound falls after the prime minister's comments on the customs union

In 2 trading days, the Dow Jones Industrial Average lost more than 1,300 points and the S&P 500 fell over 5%. 

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Gold rises as a safe haven and touches the $ 1226 level and base currencies are rising due to a weak dollar

Gold prices advanced on safe-haven demand following a shake in the global markets, with a weaker dollar seen as supportive. 

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Euro is rebounding to 1.1571 after falling to its lowest levels and Gold is rising after the dollar lost some of its momentum

Asian equities retreated to a 19-month low after Wall Street suffered its worst loss in eight months, which led to broader risk aversion, which led to an increase in market volatility gauges and concerns over momenta stocks markets in an environment of rapidly rising dollar yields.

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Euro has hit new lows because of the Italian crisis, Pound is rebounding above 1.31 and Gold is down to 1183

The Italian bond futures traded near their session lows and the BTP-Bund spread widened to 311bps, as the Italian Finance Minister Tria defended the Government fiscal targets in Parliament after the local press suggested that the budget watchdog is likely to reject the whole thing.

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The Euro is resuming its bearish wave after it settled above 1.15 and is trying to break the 1.1460 support point

The BTPs were in focus as the 10-Year yield printed fresh multi-year highs through 3.5% and the spread to bunds widened back to above 300bps.

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Markets waiting for the Non-Farm Payrolls report today and the EUR is slightly back above the 1.15 level

The Core European bond curves had bear steepened, taking their cue from the U.S. Treasuries in reaction to more hawkish comments from the Fed’s Chair Jerome Powell. 

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Currencies fall against the dollar after the positive economic data

Currencies fall against the dollar after the positive economic data. The euro is up to the level of 1.1463 and traders waiting for the most important event NFP tomorrow

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Gold is up to 1208 after falling for several weeks and EUR is still continuing its bearish wave

Gold edged up on Tuesday as a recent dip to multi-week lows attracted some bargain hunters, but prices were well within recent ranges as the dollar remained on an upward trajectory. 

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The Canadian dollar is rising to record highs after reaching a trade agreement with the United States

The Canadian dollar and Mexican peso lead gains among major currencies, as Turkey’s lira outperformed after preliminary data showed that the trade deficit narrowed in September.

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Dollar Strengthens against All Currencies, Euro is falling to the 1.1638 level and the strong pressure on the Pound keeps it below the 1.3100 level

Volatile conditions were seen during the European session as there were multiple conflicting reports concerning the Italian Budget. 

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