Based on last week’s close at .7440, the direction of the AUD/USD this week is likely to be determined by trader reaction to the downtrending Weekly Gann angle at .7412. Traders should treat the Gann angle at .7412 like a pivot all week. The AUD/USD ... ... lees verder

India’s foreign exchange reserves fell by $3.03 billion to $410.070 billion as on June 15, data from the Reserve Bank of India (RBI) show. Foreign currency assets, which form a key component of reserves, fell by $3.05 billion from the previous week to $ ... ... lees verder

ALGIERS, June 23 (Reuters) - Algeria’s foreign exchange reserves fell by $7.3 billion in the first five months of this year and are expected to decline by $5 billion from now until the end of the year, Prime Minister Ahmed Ouyahia said on Saturday. ... lees verder

- The Dow Jones Industrial Average has sold off every day since last week's FOMC and ECB rate decisions, tallying eight consecutive sessions. The index is now testing a big zone of support as we looked at yesterday, and this comes along with a deeper ... ... lees verder

Tarek Amer, governor of the Central Bank of Egypt (CBE), met on Thursday with Prime Minister Mostafa Madbouly to discuss several issues, including foreign exchange reserves and legislation on monetary and financial policy. According to Madbouly, the ... ... lees verder

Last week, the U.S. dollar reacted differently against different currencies as trade war fears grew and investors looked for safe havens. Risk currencies suffered a little bit. As a result of the trade concerns, the stock markets fell and created a risk ... ... lees verder

GBP/USD continues to rise inside the 4-hour Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Down Channel at the 5-bar level – which is the result of the slow Initial Trend (2 bars), below ... ... lees verder

Hong Kong is a significant center of the financial markets and one of the leading strongholds for entrepreneurship and investing. Forex trading is a significantly attractive investment for traders, thanks to its strict regulation and low taxes that allows ... ... lees verder