Foreign Exchange School

  The foreign exchange market is a highly complex market. Changes in market movements are influenced by a variety of factors, including economic data, political events, international situations, and more. To better predict market movements, foreign exchange traders employ various technical analysis methods. Today FXT Forex will introduce commonly used foreign exchange technical analysis methods, including trend line analysis, moving average analysis, relative strength index analysis, MACD indicator analysis, Bollinger Band analysis, Japanese candlestick chart analysis, and more. One...

  The euro fell against the dollar, although it rebounded slightly after weak manufacturing and services production data in the United States and Europe. The European manufacturing PMI rose to 43.7, while the services index fell to 48.3. The composite PMI fell to 47, indicating contraction in both sectors. The euro fell against the dollar, although it rebounded slightly after weak manufacturing and services production data in the United States and Europe. The European manufacturing PMI rose to 43.7, while the services index fell to 48.3....

  The Australian dollar bottomed out against the U.S. dollar and rebounded as traders' risk sentiment was raised ahead of the Jackson Hole summit. The Australian dollar rose to 0.6480 against the U.S. dollar on Thursday, its highest level since August 16, and the U.S. dollar index (DXY) fell 20 basis points. The Australian dollar bottomed out against the U.S. dollar and rebounded as traders' risk sentiment was raised ahead of the Jackson Hole summit. The Australian dollar rose to 0.6480 against the U.S. dollar on Thursday, its highest level since August 16, and the U.S. dollar...

  In the first half of this year, the UK economy maintained positive growth, but it was close to zero, while interest rate hikes since December 2021 suggest that the risk of a recession is high. In Australia, weaker inflation and modest wage growth in the labour market so far have been among the factors that have helped keep the cash rate at 4.1%, but wage settlements are on the rise and the outlook for commodity prices may also improve with an eventual recovery in Asian growth, which could lead to a recovery in Australian dollar interest rates,...

  The pound turned to the downside against the dollar. It fell below 1.2700 at one point on Wednesday, and then rebounded. It is currently trading around 1.2715. The pound is under heavy selling pressure after British economic data highlighted the loss of economic momentum. In August, the S & P Global/CIPS manufacturing PMI fell to 42.5 (preliminary value), and the services PMI fell to 48.7 from 51.5 in July. According to foreign media reports, after the disappointing PMI data, the market believes that the British central bank...

  On August 24, the dollar weakened against a basket of currencies on Wednesday, after data showed that U.S. business activity came close to a standstill in August, recording the slowest growth since February, as demand for new businesses in the huge service sector contracted. Gold prices jumped 1% to a near two-week high on Wednesday, helped by U.S. Treasury yields and a pullback in the dollar as investors looked to the Jackson Hole seminar to provide guidance on interest rates. On Thursday (August 24), Beijing time, the dollar weakened against a basket of currencies on Wednesday. The previous number...

  The dollar index weakened on Wednesday, closing down 0.22% at 103.37. The previous data showed that U.S. business activity was close to stagnation in August, recording the slowest growth since February. Before Powell's speech at the Global Central Bank Seminar, traders expected limited volatility in currency markets. Capital Economics said that the PMI data for European economies was weaker than expected, and the euro and sterling will fall further against the dollar in the coming months. Beijing time on August 24, Asian market morning, the dollar index narrowed...

  If epidemic months are excluded, the latest data points to the lowest level since April 2013. The eurozone, which consists of 20 countries that use the same currency, grew by 0.3% in the second quarter after growing by 0.1% in Quarter 1 this year. Analysts polled by Refinitiv believe the ECB is likely to keep interest rates unchanged, with the main rate currently at 3.75%. European business activity contracted again in August, falling to...

  "Traders heading into the summer holidays are focused on the next big move, which is lower interest rates, and it looks like the market's bullish move is wrong," an analyst at Danske Bank said in a note. Sterling has been strong against the dollar compared with other currencies such as the euro and the Australian dollar. It was trading at 1.2760 against the dollar on Monday, up from a low of 1.2620 for the month. Despite the dollar's rally against most currencies, the pair was weaker against the dollar.

  On August 21, key data that investors need to pay attention to: China's August one-year and five-year loan market quotation rates, Germany's July PPI annual rate, Canada's national economic confidence index as of August 18, Canada's July new house price index monthly rate. 07:01 UK August Rightmove average house asking price index monthly rate (%) (0821 irregular on the day), previous value -0.2, expected value --, announced value...

  On August 21, this week's focus on the 2023 Jackson Hole Global Central Bank Annual Meeting was held, with the theme of "Structural Changes in the World Economy"; Pay attention to Federal Reserve Chairperson Powell's speech at the Jackson Hole Global Central Bank Annual Meeting, or provide more clear signals for the Federal Reserve's interest rate policy outlook. Beijing time on Monday (August 21), this week's focus on the 2023 Jackson Hole Global Central Bank Annual Meeting was held, with the theme of "Structural Changes in the World Economy"; Pay attention to...

  Last Friday, the US dollar index closed close to flat again, closing at 103.43, recording a cross star for two consecutive trading days, suggesting strong resistance above. Investors need to beware of the short-term pullback risk of the US dollar index and pay attention to the support near the 200-day moving average of 103.19. However, the US dollar index still recorded a weekly gain of 0.56%, a five-week rise, setting a record for the longest consecutive rise in 15 months, due to recent concerns about the economy of Asian powers and concerns that US interest rates will remain high...

  Gold is currently entering a critical period. First of all, after the last wave of non-agricultural data rose in August, it has fallen for two consecutive weeks so far. Among them, there is basically no room for a big rebound. The specific price range from 1948 to 1890 is close to 48 US dollars, and there is no bottoming performance for the time being. Therefore, it is certain that the temporary trend is still empty, and the transaction needs to be kept short. Secondly, the current performance of the US dollar is strong, and there is no peak for the time being. In addition, in September...

  On August 18, the dollar index hovered near a two-month high on Thursday, after the minutes of the Federal Reserve meeting opened the door for further interest rate hikes, and this week's data showed that the U.S. economy is resilient; gold prices hit a five-month low, and factors such as rising U.S. Treasury yields, a strong dollar and a hawkish view of interest rates by Federal Reserve officials affected investor sentiment. On Friday (August 18), Beijing time, the dollar index hovered near a two-month high on Thursday, after the Federal Reserve would...

  On August 18, key data that investors need to pay attention to: UK August Gfk Consumer Confidence Index, Japan July National CPI Annual Rate, Japan July National Core CPI Annual Rate, Japan July National Core-Core CPI Annual Rate, UK July Quarterly Adjusted Retail Sales Monthly Rate, UK July Quarterly Adjusted Core Retail Sales Monthly Rate, Eurozone July Core Adjusted CPI Annual Rate - Unquarterly Adjusted Final Value, Eurozone July Adjusted CPI Annual Rate - Unquarterly Adjusted Final Value. Need to close...