Currency news

 The pound sterling was on the throne of the losing currencies, while the New Zealand dollar came in second place, and the Canadian dollar came in third place, and more details in the context of the following report: GBP/USD The British pound fell during today's trading by 2.10% which affected the trading of the GBP/USD pair, as the GBP/USD pair quickly recovered about 30-35 pips from its daily lows and was last seen trading with modest losses, just below the mid-1.3700s. The pair extended the previous day's sharp correction decline from the 1.3825-30 resistance area and witnessed heavy selling during the first half of Wednesday's trading. The downtrend drags the GBP/USD pair to its lowest in one week during the mid European session, although it is missing out on selling. The intraday rebound followed the upbeat economic assessment of British Finance Minister Rishi Sunak during his annual government budget presentation. The Office of Budget Responsibility sees UK GDP to ret...

 After a state of relative calm in the movements of the Turkish lira over the past two sessions, it caught its breath after a massive wave of record declines. It seems that new data from the Turkish Central Bank has brought back to the lira the memory of declines that had not already been absent, prompting the Turks to abandon the lira and resort to gold to hedge against these shocking data. The Turkish lira.. Where does it go this evening, after that data? A little while ago, the Turkish Central Bank raised its forecast for the inflation rate by the end of 2021 to 18.4%, instead of previous estimates of 14.1%, as well as next year to 11.8% from 7.8%. In July, the central bank expected annual inflation to fall to 14.1% by the end of the year. The annual inflation rate was 19.58% in September. Last week, Turkey's central bank shocked the markets by cutting its interest rate by 200 basis points to 16%. But he said there would be little scope for further price cuts this year, given wh...

 The dollar rose early in European hours on Thursday, with policy decisions by central bank governors in Australia, Japan and Europe rocking trading. Today, the dollar is awaiting data on jobless claims, and the GDP index on a quarterly basis in the United States. At 2:55 AM ET (07:55 GMT), the dollar index, which measures the greenback against a basket of six other currencies, was up 0.1% at 93.835, with moves seen limited ahead of the policy setting meeting next week from before the Federal Reserve. USDJPY was trading 0.2% lower at 113.56 after the Bank of Japan kept interest rates and asset purchase plans unchanged on Thursday. The central bank also lowered its forecast for economic growth in the current fiscal year, and lowered its inflation forecast to zero for the year ending March 2022 from 0.6%, indicating that it will lag behind other central banks in curbing its accommodative monetary policies. The Reserve Bank of Australia also decided earlier in the day not to buy centr...

 Experts and analysts in the cryptocurrency market agreed that the sudden decline of currencies led by Bitcoin was expected after the recent record highs, coinciding with huge liquidations in the market. The cryptocurrency market lost nearly $170 billion in a few minutes during Wednesday's trading, which comes after a wave of tumultuous rises for bitcoin and altcoins. Huge Rush.. Positive News Bitcoin (BTC) fell sharply on October 27, dropping below $60,000 levels all the way to its lowest in two weeks. The move comes after multiple retests of $60,000, analysts said, with bitcoin now taking liquidity into a major support wall with $57,000 as its base. Analysts said they were already prepared for those pullbacks, with some data suggesting that a deeper drop to as low as $50,000 would still maintain the overall bullish trend. Urgent: Sudden Crypto Crash market now It seems that Bitcoin and alternative currencies are on the way to reduce their losses during those moments of trading to...

 According to the 2022 Annual Presidential Program prepared by the Department of Treasury and Finance and the Strategy and Budget Department, the USD/TRY digital model is scheduled to be launched in 2022. Last month, Turkey's central bank announced that it had set up a "digital cooperation platform in Turkish lira" with Aselsan (IS:ASELS), Havelsan and Tubitak Belgem. In the first quarter of this year, the digital Turkish lira was also included in the calendar of the economic reform plan announced by the Ministry of Treasury and Finance. It was mentioned in the Economic Reform Assessment that the legal infrastructure for the digital lira will be completed by the end of the year. The results of the first phase of the pilot application carried out by the Central Bank of the Republic of Turkey, the Ministry of Treasury and Finance and TUBITAK within the scope of studies for the development of a digital Turkish lira based on a block chain will be shared with the public in 202...

 The dollar fell in early European trade on Wednesday in quiet trading ahead of next week's Federal Reserve meeting, while the UK budget focuses on the pound. At 2:30 AM ET (06:30 GMT), the dollar index, which measures the greenback against a basket of six other currencies, was down 0.1% at 93.892. Also, USDJPY traded 0.1% lower at 114.03, USDJPY rose 0.1% at 1.1603, while GBP/USD marginally lowered to 1.3763 ​​ahead of Britain's annual budget. The Fed is also now in a hiatus ahead of next week's policy setting meeting, and prior to this, traders were focused on releasing a series of important data. Wednesday also sees the release of durable goods orders for September, but the release of third-quarter GDP on Thursday and the core PCE deflator for September on Friday will attract the most attention. Elsewhere, USDAUD rose 0.2% to 0.7513 after Australian core inflation rose at its fastest annual pace since 2015, prompting traders to price previous interest rate increases. Als...

 Saudi Crown Prince Mohammed bin Salman pledged on Saturday that Saudi Arabia, the world's largest oil exporter, will reach net zero emissions by 2060, ten years after the United States. Prince Mohammed said the kingdom would more than double its annual target to cut carbon emissions to nearly 280 million tons. Prince Mohammed and Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, said that OPEC member Saudi Arabia will address climate change while ensuring the stability of the oil market, stressing the continued importance of hydrocarbons. The Crown Prince and the Minister of Energy were speaking during the activities of the Green Saudi Initiative, which comes ahead of the twenty-sixth United Nations conference on climate change in Glasgow between October 31 and November 12, during which it is hoped that an agreement will be reached on greater reduction in emissions to confront the rise in temperature. Earth. The United States, the world's second-largest emitter of...

 Yahya Khoja, advisor to the Saudi Ministry of Energy, said on Sunday at the Green Youth Summit that the ministry is forming an artificial intelligence team with a budget of several billion riyals.

 After the largest cryptocurrency climbed to an all-time high, bitcoin prices hit a downward wave of correction. Analysts believe that it is still too early to talk about a bear market, as hopes that Bitcoin will break new peak levels are still present and strongly, amid expectations of reaching new peak levels that may reach 300 thousand dollars. Elon Musk is the world's first trillionaire Scenario 135 thousand dollars “He has been watching the $64,000 area as a critical level for a market breakout and market failure, so there is a corrective move,” Michael Van de Bobby, one of the most popular Bitcoin investors, puts it. Michael van de Poppe added: "Overall, $56,000-59K is a good location to buy bitcoin." Meanwhile, the “worst case scenario” for October predicted by Van de Poppe requires a monthly BTC/USD close of $63,000, for BTC to reach a high of $135,000. Another analyst who sees the outlook still bullish, sees popular Twitter analyst TechDev, that 2021 is still in ...

 Recently, Tesla CEO Elon Musk tweeted that he would become the world's first Dogecoin trillionaire in a recent tweet. Elon Musk's net worth exceeded $249 billion, according to the Bloomberg Billionaire Tracking Index. Meaning that what a businessman owns is now worth more than New Zealand's GDP and is now close to exceeding Portugal's GDP. His wealth increased thanks to the renewed movement of Tesla shares, as the shares of the pioneering electronic car maker reached an all-time high of $910 in recent days. Morgan Stanley predicts that Elon Musk is on his way to becoming the world's first trillionaire thanks to SpaceX. In July, Musk revealed that he personally owns Bitcoin, Dogecoin and Ethereum. The signal from “Mask” for the “Dogecoin” currency did not contribute to its rise as usual, but remained stable at the level of $0.24.

 On Friday morning, the People's Bank of China set the yuan's exchange rate against the US dollar at 6.4032 yuan per dollar. At the same time, expectations were for the Chinese yuan to stabilize against the dollar at 6.4030 yuan per dollar. It should be noted that the Bank of China influences the price of the US dollar USD by linking the value of its currency - the yuan - to the currency of the dollar USD, as the bank uses a fixed exchange rate policy, which differs from the free exchange rate used by the United States and many other countries, while leaving Margin of movement for the currency of China to move in a narrow range. The Bank of China manages the value of the yuan by keeping it fixed against a basket of currencies of countries that are China's partners. The basket is measured at USD, given that the United States is China's largest trading partner.

 The US dollar fell against its rivals on Friday and is heading for a second consecutive week of decline as news that debt-laden real estate firm China Evergrande (HK:3333) has avoided defaulting on risky assets, worries about a beleaguered real estate developer whose financial liabilities stand at 2% of its China's GDP is causing investors to flock to safe haven currencies such as the US dollar and government debt. Fears of economic contagion saw other sectors of indebted developers hit by a credit rating downgrade, but days before the deadline that would have plunged the beleaguered developer into a formal default and send shockwaves through global markets, the company had freed up funds to pay interest on Bonds in US dollars. In a statement, MUFG strategists said: "While this is good news in terms of avoiding an imminent official default over the weekend, uncertainty is set to remain elevated until there is more clarity on the position of Evergrande and that of other proper...

 US stocks closed higher on Wednesday, as reports of companies posting profits in the third quarter calmed investor fears despite supply chain problems and rising costs. The Standard & Poor's 500 index rose by 17.14 points, or 0.38 percent, to close at 4536.77 points. The Dow Jones Industrial Average closed up 157.95 points, or 0.45 percent, to 35,615.26 points. As for the Nasdaq Composite Index, it was outside the group of winners, as it fell 6.25 points, equivalent to 0.05 percent, to close trading, recording 15,121.68 points.

 Oil prices rose on Wednesday, with crude stocks at the largest US storage site at their lowest level in three years and fuel stocks across the United States falling sharply, in a sign of increased demand. Brent crude futures rose 74 cents, or 0.9 percent, to settle at $85.82 a barrel, its highest level since October 2018. US West Texas Intermediate crude futures for November, which expire on Wednesday, rose 91 cents, or 1.1 percent, to settle at $83.87 a barrel. December contracts rose 98 cents to settle at $83.42 a barrel. Crude prices rose amid tight supplies, with the Organization of the Petroleum Exporting Countries (OPEC) continuing to slowly increase production instead of intervening to pump more crude into the market, and in light of rising US demand. The US Energy Information Administration said that crude stocks in the United States fell by 341,000 barrels in the week ending October 15 to 426.5 million barrels, compared to expectations of analysts polled by Reuters for an...

 The dollar declined as risk appetite increased and investors focused on the rise in commodity prices and on the date of central banks raising interest rates to face the high inflation rates. The dollar hit its highest level in a year against a basket of currencies last week after investors increased bets that the Federal Reserve (the US central bank) would raise interest rates sooner than expected to stem inflationary pressures. But those bets were off as investors prepared for a larger-than-expected rise in interest rates in their home countries and as commodity-linked currencies such as the Canadian and Australian dollars rose. The dollar index fell slightly at its latest price 0.09 percent to 93.71. The Australian dollar rose 0.27 percent on the day to trade at $0.7496, after hitting its highest level since July in the evening. The New Zealand dollar also rose 0.4 percent to $ 0.7154, after recording its highest level since June in the evening, and its rise by 1.4 percent since...

 The record highs of Bitcoin in the last hours created a huge momentum in the digital currency market, amid the flow of more positive news, which reinforces the optimism that dominates the dealers. And the market value of digital currencies took off during those moments of trading today, Wednesday, to near its highest levels ever. Only $6 billion, which was recorded on May 12, is separated from the historical market capitalization peak. The value of the cryptocurrency market rose during those moments to levels of $2.527 trillion, while the peak remains at $2.533 trillion. Huge Rush for First Bitcoin Futures Fund bitcoin exploding A few hours after the launch of the first US exchange-traded fund linked to bitcoin futures, the price of the first digital currency, bitcoin, exploded. To reach near its highest levels ever, to exceed for the first time the levels of 64 thousand dollars, very close to the peak of 64.9 thousand dollars in mid-April. Bitcoin was seen in the past hours at a ...

 The price of the dollar against the Japanese yen during the morning trading witnessed a rise from 114.31 levels as a result of the strong decline in the demand for the yen, and the pair continued to rise until areas of 114.70 and is currently trading at 114.54 levels. Among the most important news that was issued on the Japanese yen, the following news can be read (Asian stocks rise and focus on the minutes of the Australian Reserve). Analysis of the US dollar against the Japanese yen: The US dollar against the Japanese yen pair breached 114.43 levels during yesterday's trading, thus ending our neutral view on it, and returned again to trade within an uptrend on the hourly interval. The fast simple moving average and the slow moving average are bullish at the moment. Relative Strength Index 14 (RSI 14) is trading within an uptrend, weakening the trend, failing to breach 70 points. The (adx) indicator indicates the strength of the current bullish trend by trading above 50 points. F...

 On Wednesday morning, the People's Bank of China set the yuan's exchange rate against the US dollar at 6.4069 yuan per dollar, while expectations were for stability at 6.4090 yuan per dollar. Also, the Bank of China injected about 100 billion yuan into the 7-day repurchase market. It should be noted that the Bank of China influences the price of the dollar USD by linking the value of its currency - the yuan - to the currency of the dollar USD. The bank uses a fixed exchange rate policy, which differs from the floating exchange rate used by the United States and many other countries. The Bank of China manages the value of the yuan by keeping it fixed against a basket of currencies of countries that are China's partners. The basket is measured at USD, given that the United States is China's largest trading partner.

 Gold fell on Monday morning in Asia, recouping some losses after heavy selling during the previous session as US bond yields tumbled. Gold futures were down 0.03% at $1,767.75 by 11:49 PM ET (3:49 AM GMT), to offset losses after dropping 1.6% on Friday. The benchmark 10-year US Treasury yields also eased after rising to 1.5904% on Monday. Meanwhile, the dollar, which usually moves in the opposite direction to gold, rose on Monday. However, it is down 0.6% from last week's high of 20212, capping the yellow metal's losses. Profitable tip| One share goes up and another goes down... Where is the profit? Although investors are betting that inflation could mean an earlier-than-expected rate hike by the US Federal Reserve, other central banks may be less aggressive during the tightening cycle. However, Bank of England Governor Andrew Bailey said on Sunday that the central bank is preparing to raise interest rates as inflation risks mount. In another indicator of market sentiment, the...

 Oil prices continued to record more gains with the beginning of trading this week, to come closer to their highest levels since 2014, in conjunction with the continued rise in demand for crude oil with the recovery of economies in various countries of the world from the Corona pandemic, especially with the shift in demand more for oil. During the recent period after the aggravation of the natural gas and coal crisis in a number of countries. And spot contracts for US crude managed to reach levels of $83.32 a barrel until the last hour, approaching the highest level since October 2014, achieving a daily increase of about 1.06%. As for US crude futures, they rose by about 1.25% during the day and were able to reach levels of $82.75 a barrel. These gains also affected Brent crude, as Brent spot contracts witnessed a rise of 0.85% on a daily basis, reaching, until the last hour, levels of $85.62 a barrel. At the same time, Brent crude futures rose towards levels of $85.62 a barrel dur...

 On Monday morning, the People's Bank of China set the yuan's exchange rate against the US dollar at 6.4300 yuan per dollar, while expectations were for stability at 6.4295 yuan per dollar. Also, the Bank of China injected about 10 billion yuan into the 7-day repurchase market It should be noted that the Bank of China influences the price of the dollar USD by linking the value of its currency - the yuan - to the currency of the dollar USD. The bank uses a fixed exchange rate policy, which differs from the floating exchange rate used by the United States and many other countries. The Bank of China manages the value of the yuan by keeping it fixed against a basket of currencies of countries that are China's partners. The basket is measured at USD, given that the United States is China's largest trading partner.

 Here are the sizes of the options contracts expiring today at 2:00 PM GMT: EURUSD 1.1525 (644 million euros). 1.1575 (556 million euros). 1.1600-05 (652 million euros). 1.1655 (551 million euros). USDJPY​ 112.50 (542 million US dollars). 114.00 ($303 million). Canadian dollar USDCAD 1.2450 (740 million US dollars). Australian Dollar AUDUSD 0.7425 ($640 million AUD) 0.7600 (620 million Australian dollars)

 The dollar rose on Monday after weak economic data in China and a rise in oil prices worried investors that inflation would raise interest rates. In the Asian session, the dollar rose slightly, tracking US bond yields, halting the decline it suffered last week. It rose about 0.2 percent against the euro and about 0.1 percent against the yen, pushing the Japanese currency to its lowest level in three years. Monday's data showed that China's economy grew at the slowest pace in a year in the third quarter, with factory production slashing due to energy shortages, while oil prices rose more than 1 percent to approach high levels reached in 2018. The dollar index rose 0.1 percent to 94.102, near its highest level reached last week at 94.563. In the cryptocurrency market, Bitcoin hovered near its record high of $64,895. Its latest price was $62,393. The dollar rose in its latest trading, reaching 114.35 yen and 1.1579 against the euro, and rose by 0.2 percent to 0.7402 against the A...

 It seems to be a few hours until the flood starts, just a few that separate Bitcoin from reaching its historic peak in mid-April. When Coinbase, the largest cryptocurrency exchange in the United States of America, was listed on the Nasdaq, highs of $64,000 were seen in bitcoin. During the past few hours, bitcoin was seen above the levels of $62,000, 3 sessions in a row, following the historical approval of bitcoin funds. BREAKING: As Bitcoin Gets Approved, This Tiny Coin Surges 300% Bitcoin now Bitcoin fluctuates within 24 hours between levels of $62,011 thousand and levels of $60.2 thousand, while during those moments of trading on Sunday, it is falling 1.7% to the highest levels of $60 thousand. Many analysts, including Plan B and Racket Capital, expected Bitcoin to surpass its peak this October, aiming for the $100,000 levels before the end of the year. Bitcoin rose in the past hours near its highest level since last April 17, very close to the levels of 63 thousand dollars, wh...

 The yen fell against most of the major currencies during trading on Friday, hitting its lowest level in three years. For his part, Japanese Finance Minister Shunichi Suzuki told the media that the stability of the yen is very important and that the Japanese government will make every effort to remove the impact of fluctuation in the exchange rate on the economy. The yen was negatively affected by the rise of the US dollar after the release of the minutes of the Federal Reserve meeting, which showed that members discussed a plan to start reducing asset purchases of $ 15 billion per month starting in mid-November. Suzuki stressed that the Japanese government will continue to closely monitor the movement of the yen's exchange rate in the currency market and its impact on the economy. Suzuki added that although the weak Japanese yen increases the cost of imports for some businesses and consumers, it is also supporting exporters. It should be noted that producer price inflation in Japa...

 Silver prices fell during trading today, Friday, amid the stability of the dollar against most of the major currencies, and after the release of positive economic data, as the precious metal moved away from the barrier of 1800 dollars an ounce. Economic data released today revealed that the retail sales index in America rose by 0.7% during the past month, while analysts' expectations indicated a decrease of 0.2%, and the index rose by its core value, excluding volatile goods, by 0.8%, exceeding expectations for an increase of 0.5%. The Fed revealed in its minutes released on Wednesday of its September meeting that members discussed a plan to start reducing asset purchases of $15 billion a month starting in mid-November. On the other hand, the dollar index (which measures the performance of the US currency against a basket of major currencies) settled by 19:29 GMT at 93.9 points, and recorded the highest level at 94.07 points and the lowest level at 93.8 points. In terms of trading...

 The dollar settled against most of the major currencies in positive trading today, Friday, following the release of better-than-expected economic data. Economic data released today revealed that the retail sales index in America rose by 0.7% during the past month, while analysts' expectations indicated a decrease of 0.2%, and the index rose by its core value, excluding volatile goods, by 0.8%, exceeding expectations for an increase of 0.5%. And the announcement of the season of quarterly business results for companies continues in the United States, as some banks announced higher profits and revenues than expectations in the third quarter, in reference to the economic recovery from the pandemic. The Fed revealed in its minutes released on Wednesday of its September meeting that members discussed a plan to start reducing asset purchases of $15 billion a month starting in mid-November. In terms of trading, the dollar index (which measures the performance of the US currency against a...

 Bitcoin soared above $60,000 for the first time in six months on Friday, approaching an all-time high, as hopes grew that US regulators would approve a cryptocurrency futures-traded fund, potentially opening the door to increased investment. in digital assets. Cryptocurrency investors are awaiting the approval of the first US ETF, and bets are boosted by the recent rally. Bitcoin, the world's largest cryptocurrency, jumped to $61,869.05, its highest level since mid-April, and was last trading up 6.9 percent at $61,346. The currency has more than halved since Sept. 20, and is close to its record high of $64,895 hit in April. Bloomberg News reported that the US Securities and Exchange Commission is expected to allow the start of trading the first ETF for Bitcoin futures next week.

 Gold prices fell sharply after the release of positive retail data that supported expectations of monetary stimulus, which strengthened the dollar’s ​​position against the precious metal, and gold lost 1.45% to fall to levels of 1772 dollars an ounce, after it crossed the highest level in 7 months at 1800 dollars an ounce. The data released today, Friday inside the United States, revealed positive retail sales data last September, as the retail sales index recorded during that period an increase of about 0.7%, contrary to the expectations of the markets that indicated that the index decreased by only 0.2% during the same period, while the last reading of the index was It witnessed a rise of about 0.7% last August, and was revised to 0.9%. The US dollar index rose to 94.01 points during the last hour of trading, after its previous decline to close at 93.96 points, and traded between 93.85 and 94.07 points during the day, after bad days in which the US currency suffered from investo...