Forex – U.S. Dollar Slips as Euro Still Lifted by Brexit Deal

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Investing.com – The U.S. dollar was lower against other currencies on Friday, while the euro was buoyed by hope that a Brexit deal will help mitigate risks of a recession in the bloc.

U.K. Prime Minister Boris Johnson made a deal with the EU on Thursday, which hinges on Northern Ireland applying a limited set of EU rules on some goods, with the U.K. only charging EU tariffs on goods passing through to EU markets.

The deal now must be passed by the British Parliament on Saturday. However, Northern Ireland’s Democratic Unionist Party said it is opposed to the proposed agreement, making it uncertain if the deal will be approved.

inched up 0.1% to 1.2897 as of 10:56 AM ET (14:56 GMT) while was up 0.2% to 1.1139.

Meanwhile the U.S. dollar dipped, as traders remained cautious after data showed the impact of the trade war has taken its toll on China.

China’s gross domestic product grew 6% annually in the third quarter, which was the slowest rate in 30 years. The news comes on the back of China trying to get more concessions from the U.S. before it signs a temporary phase 1 deal agreed on last week.

The , which measures the greenback’s strength against a basket of six major currencies, was down 0.2% to 97.172.

Elsewhere, the surged 1.4% to 0.1728 against the dollar after a five-day ceasefire against the Kurds in Syria was agreed on between President Recep Tayyip Erdogan and U.S. Vice President Mike Pence. However, reports have surfaced that the ceasefire may have already been broken.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Forex – Pound Gives Up Gain as DUP Rejects Deal “as Things Stand”

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Investing.com – The British pound gave up gains on Friday in Asia as traders digested the latest Brexit news.

The British pound rose to near a five-month high against the U.S. dollar after the European Union Commission President Jean-Claude Juncker and U.K. Prime Minister Boris Johnson both confirmed via twitter that a Brexit deal had been reached.

However, the pound reversed gains after Northern Ireland’s Democratic Unionist Party (DUP) said it remains opposed to the proposed agreement, making it uncertain if the deal will be passed by the U.K. Parliament when it votes on Saturday.

The DUP said the proposals are not beneficial to the economic wellbeing of Northern Ireland.

The pair last traded at 1.2852 by 11:45 PM ET (03:45 GMT), down 0.3%.

For the week, the pound was on course for a 1.7% gain versus the dollar.

The pair was little changed at 7.0765. The release of China’s GDP data had little impact on the currency pair.

China’s economic growth in the third quarter slowed more than expected to 6.0% from last year, the National Bureau of Statistic reported on Friday. Analysts expected GDP to grow 6.1% year-on-year.

Meanwhile, industrial output gained 5.8% year-on-year in September, compared with a 5.0% growth expected by analysts.

Retail sales rose by 7.8% year-on-year, in line with expectations.

Fixed asset investment grew 5.4% year to date, also matching expectations.

The pair slipped 0.1% to 108.56.

The pair and the pair gained 0.1% and 0.4% respectively.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Forex – Pound Gives Up Some Gains; U.K., EU Inch Closer to Brexit Deal

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Investing.com – The British pound gave back some gains on Wednesday in Asia after gaining overnight. A Bloomberg reported that the U.K. and European Union are close to agreeing on a legal draft of a Brexit deal.

The pair was down 0.2% to 1.2755 by 12:18 AM ET (04:18 GMT).

The pound spiked yesterday after European Michel Barnier said a draft legal text was being drawn up, and that an agreement “is still possible this week.”

“Our team(s) are working hard, and work has just started now today, this work has been intense over the weekend and yesterday, because even if the agreement will be difficult, more and more difficult, to be frank, it is still possible this week,” Barnier told reporters in Luxembourg on Tuesday morning.

He added that “any agreement must work for everyone,” saying it is “high time to turn good intentions into a legal text.”

The deal however is dependent on Prime Minister Boris Johnson getting support from the Northern Irish Democratic Unionist Party, which is uncertain. The two sides are racing to reach a deal before the Oct. 31 deadline, but remain optimistic that an agreement will be made by the end of Tuesday.

Meanwhile, the last was little changed at 98.042.

Tensions between the U.S. and China flared up again after the U.S. House passed four measures, including the “Hong Kong Human Rights and Democracy Act”, on Tuesday in unanimous voice votes.

A similar bill is in front of the Senate.Beijing has threatened to retaliate if Congress passes a bill.

The pair gained 0.2% to 7.0964.

On the data front, the U.S. retail sales data are set to be released later in the day and are forecast to increase for a seventh straight month.

China will release third-quarter GDP, September industrial production and retail sales data on Friday.

The pair lost 0.3% to 0.6731. The pair dropped 0.2% to 108.63.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Forex – Pound Leaps Again as Barnier Stokes Brexit Deal Hopes

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Investing.com — The British pound took center stage again on Tuesday, rising sharply against the dollar and euro on renewed speculation of a deal to allow the U.K. to leave the EU smoothly at the end of the month.

By 3 AM ET, was at $ 1.2667, up 0.5%, while was at 0.8715, down 0.3%.

The latest wave of optimism was fueled by comments from the EU’s top negotiator Michel Barnier, who told reporters that a deal at a summit at the end of the week “is still possible”.

“I will debrief the EU 27 ministers as usual and just to tell them where we are, where we stand today,” newswires quoted Barnier as saying.

“Our team(s) are working hard, and work has just started now today, this work has been intense over the weekend and yesterday, because even if the agreement will be difficult, more and more difficult, to be frank, it is still possible this week,” Barnier added.

Barnier has repeatedly stressed the gap between the U.K.’s rhetoric and its ability to deliver effective solutions in a legally enforceable framework.

He said Tuesday that “any agreement must work for everyone,” adding that it is “high time to turn good intentions in a legal text.”

Prior to Barnier’s comments, there had also been rumors of an emergency summit on Oct. 31, only hours before the U.K.’s membership of the EU is scheduled to end. The thinking behind the rally is that such a summit would only take place if it had a reasonable chance of delivering a deal.

The prospect of a Brexit deal has also helped the euro against the dollar. rose 0.1% to $ 1.1037 by 3 AM. The , which measures the greenback against a basket of developed market currencies, fell 0.2% to 98.035, its lowest since Friday.

Elsewhere, the bounced after falling to its lowest since a brief currency panic in May, as the “big sanctions” promised by President Donald Trump against Turkey turned out to be more manageable than feared. By 3 AM ET it was at 5.8782, up over 1% from Monday’s levels.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Forex – Pound Falls Despite Renewed Brexit Hopes; Dollar Rises Amid Trade Progress

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Investing.com – The British pound fell against the U.S. dollar on Monday in Asia despite renewed Brexit hopes. The greenback inched up amid positive trade progress with China.

The GBP/USD pair lost 0.3% to 1.2614 1:25 AM ET (05:25 GMT). The pound rose on Friday amid signs of a possible agreement on the Irish border problem.

Reports suggested that the U.K. had conceded that the province of Northern Ireland would remain in the EU customs area immediately after Brexit – a move that would satisfy EU concerns about the integrity of its border.

U.K. Prime Minister Boris Johnson said he thought there was a way forward for a Brexit deal with the European Union, adding that “there is work to be done.”

Meanwhile, the yuan gained today after the U.S. paused its plan to impose more tariffs on Chinese goods this week. The USD/CNY pair lost 0.5% to 7.0538.

On the data front, China’s U.S. dollar-denominated exports were down 3.2% in September, slightly more than expected. Imports also fell more than analysts’ forecast, customs data showed on Monday.

That left China with a trade surplus of $ 39.65 billion in September, compared with a $ 34.84 billion surplus in August.

Analysts previously expected exports to decline by 3%, while imports were expected to drop by 5.2%.

China will release third-quarter GDP, September industrial production and retail sales data on Friday.

The U.S. dollar index inched up 0.1% to 98.123. According to the partial trade deal Washington and Beijing reached late last week, Beijing will make large agricultural purchases worth as much as $ 50 billion and take steps on intellectual property, financial services and the yuan.

The USD/JPY pair inched down 0.1% to 108.31.

The AUD/USD pair and the NZD/USD pair lost 0.1% and 0.3% respectively.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Forex – Sterling Jumps After Johnson Says ‘There is a Way Forward’ for Brexit  

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Investing.com – The pound jumped to an intraday high on Friday after U.K. Prime Minister Boris Johnson said he thought there was a way forward for a Brexit deal with the European Union, adding that “there is work to be done.”

His comments were made in regards to discussions with the Irish Prime Minister on Thursday.

When asked about Northern Ireland staying in the customs union, Johnson replied, “I think it would be wrong of me to give a running commentary on the negotiations.”

Earlier in the session, EU negotiator Michel Barnier that Britain has accepted that it cannot erect a customs border as a solution to the backstop agreement. The two sides are racing to reach a deal before next week’s EU summit.

soared 1.8% to 1.2658 as of 10:22 AM ET (14:22 GMT) while tumbled 1.3% to 0.8724.

gained 0.5% to 1.1051.

Meanwhile, the U.S. dollar slipped 0.4% to 97.998 as trade optimism lead to a selloff on risk averse assets.

U.S. President Donald Trump is set to meet with Chinese Vice Premier Liu He, having told reporters on Thursday that talks were going “really well” and continued to Tweet as though a deal were immediate.

The , which measures the greenback’s strength against a basket of six major currencies, was down 0.4% to 98.472 as of 10:35 AM ET (14:35 GMT).

The Japanese yen, which is seen as a safe haven in times of market turmoil, fell, with rising 0.5% to 108.52.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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What you need to know about forex signals

Feel like it’s time to achieve your investment goal and boost your income?

LegacyFX 1

Every trader has its own unique reason for why he or she started trading in the first place. But at the end of the day, every trader feels disappointment and frustration when profits are not coming the way he or she hoped.

As every trader comes to realize – profits cannot be achieved without spending a sufficient amount of time following the market news and events, then reacting accordingly.

This reaction should: 1. Be correct, and 2. Be taken at the right time. But in reality, many of us either do not have this time or are unable to keep up with rapid pace of market events. 

This is when the signals are come in handy. Good trading signals can act like your trading partner, to be your “eye” and follow everything that’s going on in the financial market.

Signals are normally sent out relying on the market conditions. Signals can be sent out once throughout the day to the trader or several times.

The brokerage compensation is additionally constructed into the spread therefore the spreads aren’t provided by the signal’s supplier. The “ask” and also the “quote” quotes for the money set are only provided.

Forex signals must be executed as quick as possible because the currency markets are very fluid. The quotes alter on a second to second basis. These signals are sent out as short messages to the gadgets chosen by the trader.

These alerts could be sent to the email, mobile phones as well as various other interaction devices such as WhatsApp. As the currency market opens up night and day besides the weekend, the trader can constantly get the signals.

The signals will certainly additionally reveal the forex trader whether to purchase or market the pair relying on just how the quotes are going. Also, a 5-pip adjustment could mean quite a bit of earnings or loss for the investor using the signals.

A good signals provider will deliver signals about currencies, commodities, cryptocurrencies, indices, stocks and more. Forex signals are usually offered for 6 major currencies on the planet that are the United States Dollars, Canadian Dollars, Australian Dollars, British Extra pound, Japanese Yen and the Euro.

Investors should get the Forex signals for the money set that they handle. it’s additionally vital for the investors to keep in mind the political and the financial problems in each of these countries as it will result in the depreciation as well as the gratitude of the currencies.

This article was submitted by LegacyFX.
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Forex – Dollar Lower as Speculation Swirls Pre-Trade Talks

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Investing.com — The dollar was lower across the board in early trading Thursday amid a welter of often contradictory reports about the upcoming trade talks between the U.S. and China which resume later in Washington.

While a conclusive de-escalation of the conflict appears out of reach after another batch of company-specific actions by both sides this week, reports have suggested that both sides would accept some narrower kind of agreement in the short term in order to take the heat off their respective economies, both of which appear to have slowed sharply this year under the strain of the dispute.

Bloomberg reported overnight that the White House wanted to revive the idea of a pact on currency management that had been mooted in talks earlier this year, as well as suspending a tariff increase on Chinese imports which is scheduled to come into force later this month.

The New York Times meanwhile reported that the U.S. could also cut some slack to U.S. companies supplying telecoms giant Huawei.

Others gave a gloomier take on the negotiations, with both the South China Morning Post and Fox News saying they could be cut short.

Having digested all the various reports, the {{|Chinese yuan}} and commodity-linked currencies such as the and were all higher against the dollar by early morning in Europe.

By 3:30 AM ET, the , which tracks the greenback against a basket of currencies, was down 0.3% at 98.547. The dollar was also down by around 0.3% against both the mainland and the .

The took advantage of the dollar’s weakness to rise above $ 1.1000 for the first time in a week. By 3.30 AM ET, it was up 0.4% at $ 1.1041. That was despite weaker-than-expected data from France and lower-than-expected from Germany in August.

Even the , which hit a four-month low against the dollar earlier in the week as its troops lined up to invade northern Syria, has staged a brief recovery, rising 0.2% before paring gains to trade at 5.8686 to the dollar.

Elsewhere, the was steady against the dollar but lower against the ahead of last-ditch talks between Prime Minister Boris Johnson and his Irish counterpart Leo Varadkar on resolving the Irish border issues in the Brexit talks.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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What are forex signals, and do you need them?

A better understanding of forex signals

Forex signals

Forex trading can be overwhelming, especially for beginners. This is why trading signals are a valuable tool in your resource kit. Thanks to signals, you can make decisions about whether you should buy or sell a currency pair at a certain point in time.

Signals can be generated by way of fundamental analysis or technical analysis. Many factors work in sync with one another to generate buy/sell signals for you to act upon. Various Forex brokerages offer signals to their traders for a nominal fee or for free.

Entry and exit points can be determined when using Forex trading signals, and when done right you can successfully trade utilizing these signals.

Forex signals are used by all kinds of traders, not just those playing the foreign exchange market. Importers and exporters in particular, also need to pay attention to exchange rates so that selling and buying products and services could be done at opportune moments when money could be saved and the cost of trading cut.

Clearly, parties that have direct interests in the foreign exchange market also have it in their interests to closely monitor and otherwise make use of forex signals. Such parties obviously include currency traders, investment banks, central banks, and all varieties of institutions that have currency exchange interests.

Professional or novice traders do not particularly need any specialized technology in order to be able to receive or make use of forex signals.

However, for serious forex trading, there exists a wide variety of technology, most of it proprietary and some available online, that not only allows traders to receive forex signals, but also allows them to analyze better trends and movements so that more profitable decisions could be made more reliably.

The power to make use of the said signals in such ways was once the domain of large institutions. Now it can be said that such capabilities to exploit forex signals are well within reach of anyone with reliable internet access.

This article was submitted by LegacyFX.
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Forex – U.S. Dollar Weak As China Signals Openness to Trade Deal  

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Investing.com – The U.S. dollar was weak despite reports that China is open to a partial trade deal despite the U.S. blacklisting Chinese firms earlier in the week, as traders await the Federal Reserve latest meeting minutes for clues on the direction of interest rates.

The , which measures the greenback’s strength against a basket of six major currencies, was down 0.1% to 98.762 as of 11:03 AM ET (15:03 GMT). Investors were also waiting for the minutes from the Federal Reserve’s latest policy meeting at 2:00 PM ET (18:00 GMT) for clues on whether or not the central bank will cut rates.

China is willing to accept a trade deal, Bloomberg reported, and has even offered to increase how many soybeans it buys from American farmers as a measure of goodwill before trade talks. Chinese Vice Premier Liu He is due to arrive this week in Washington for trade talks and is expected to meet U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Thursday.

The Japanese yen, which is seen as a safe haven in times of market turmoil, fell, with rising 0.3% to 107.36.

Elsewhere, was flat at 1.2212 while gained 0.2% to 0.0977 as it appeared that Brexit talks between the EU and U.K. had stopped just a few weeks before the two were set to split. The two sides have struggled to reach an agreement over the Irish backstop, with the EU insisting that there is a way for controls to flow across the Irish border without additional checks and that Northern Ireland remain in the customs union until an alternative solution is found.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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