Forex - Dollar Falls after Fed Rate Cut, APEC Summit Cancellation - Investing.com

Forex - Dollar Falls after Fed Rate Cut, APEC Summit Cancellation - Investing.com
Forex - U.S. Dollar Slips After Fed Policy Decision - Investing.com
Forex - Dollar Treads Water Ahead of Expected Fed Rate Cut - Investing.com
Should you Consider Forex as your Next Investment - ChartAttack

Posted: 31 Oct 2019 01:55 AM PDT

Investing.com - The dollar fell against a currency basket on Thursday after the third Federal Reserve rate cut this year, as investors took indications of a potential pause in the easing cycle with a pinch of salt.

In lowering its key overnight lending rate by a quarter of a percentage point to a target range of between 1.50% and 1.75% the U.S. central bank dropped a previous reference in its policy statement that it "will act as appropriate" to sustain the economic expansion - language that was considered a sign for future cuts.

The lack of a clear indication from the Fed that it is done with easing for now was seen as less hawkish than expected, sending the dollar lower.

"The new, slightly shorter, statement tries to keep their options open and puts them back into a data-dependent mode, but circumstances could mean that they have less optionality than they think," said Tim Foster, portfolio manager at Fidelity International in London.

The was down 0.3% at 97.11 by 04:33 AM ET (08:33 GMT), its lowest level in a week.

The was up 0.14% to 1.1164, while the greenback last traded at 108.61 , 0.2% lower on the day.

The dollar was pressured lower against the safe-haven yen by the news that Chile has withdrawn as host of an APEC summit in November where the U.S. and China had been expected to take major steps towards resolving their protracted trade war.

Hopes that the world's largest economies would soon agree on a partial deal has boosted risk appetite this week.

"The fact that Chile has cancelled the mid-November APEC Summit should not be a deal breaker for the U.S. and China to reach a truce," said Tai Hui, Asia chief market strategist at JPMogan Asset Management in Hong Kong.

"If the two sides were genuinely willing to reach an interim deal before mid-December, when the next scheduled hike in tariff on Chinese exports is due to take place, they will find a venue to get the deal done."

The Bank of Japan kept its monetary policy steady on Thursday but introduced new forward guidance to more clearly signal the future chance of a rate cut, underlining its concern over global economic risks.

The pushed higher after Prime Minister Boris Johnson won parliamentary approval on Wednesday to hold a general election in December.

--Reuters contributed to this report

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Forex - U.S. Dollar Slips After Fed Policy Decision - Investing.com

Posted: 30 Oct 2019 10:23 PM PDT

Investing.com - The U.S. dollar slipped on Thursday in Asia after the Federal Reserve slashed its benchmark funds rate by 25 basis points to a range of 1.5% to 1.75% as expected, but altered language in its post-meeting statements and indicated that it may pause rate cuts from here.

The Fed removed a key clause that said the Fed was committed to "act as appropriate to sustain the expansion."

Fed Chair Jerome Powell said in a news conference that central bank officials "see the current stance of monetary policy as likely to remain appropriate."

"We see the current stance of policy as likely to remain appropriate as long as incoming information about the economy remains broadly consistent with our outlook."

The that tracks the greenback against a basket of other currencies was down 0.3% to 97.127 by 1:10 AM ET (05:10 GMT).

Trade tensions between China and the U.S. remained uncertain after Chile said it is canceling the Asia-Pacific Economic Cooperation summit next month due to ongoing protests. U.S. President Donald Trump and Chinese President Xi Jinping were expected to meet on the sidelines and possibly sign phase one of a trade deal.

The pair gained 0.2% to 1.2927 after the U.K. Parliament voted this week to hold an early general election on Dec. 12.

The pair slipped 0.2% to 108.66. As expected, the Bank of Japan maintained its short-term interest rate target at -0.1% and a pledge to guide 10-year government bond yields around 0%.

The pair and the pair jumped 0.4% and 0.6%.

Forex - Dollar Treads Water Ahead of Expected Fed Rate Cut - Investing.com

Posted: 30 Oct 2019 03:19 AM PDT

Investing.com - The dollar was holding steady against the other major currencies on Wednesday ahead of an expected interest rate cut from the Federal Reserve and data on third quarter growth that could shed light on the longer term outlook for monetary policy.

The U.S. central bank is expected to for a third time in as many meetings when it concludes its two-day meeting on Wednesday.

Advance data on was also expected to be scrutinized for clues on the economic outlook, coming ahead of other major data releases such as Friday's key non-farm payrolls report.

"In the last 4-5 weeks there has been a concern that the consumer part of the market is starting to slow and that could mean more cuts next year," said Derek Halpenny, European head of global markets at MUFG in London.

"So what lies ahead post the Fed meeting, the GDP data, payrolls will shape market expectations in addition to what (Fed chief Jerome) Powell will say today."

The dollar was steady against the at 1.1118 by 05:17 AM ET (09:17 GMT) and marginally lower versus a of six major currencies at 97.41.

Against the , the greenback was also little changed at 108.82, not far from its three-month high of 109.07 yen touched on Tuesday.

Investors are watching for any indication that further cuts are likely, with futures pricing suggesting more easing is expected in 2020. If that is not foreshadowed, traders expect the dollar to rise.

"If the market is going to price in the end of current rate-cut cycle, the dollar/yen could climb above 110 yen," said Tohru Sasaki, head of Japan markets research at JPMorgan Chase Bank.

"On the other hand, if the market is going to price in two more cuts after this month's expected cut, the pair could fall to mid-107 yen level," he added.

Optimism that Washington and Beijing would finalize the first-stage of a trade deal next month had boosted risk assets in recent days, but markets have turned wary.

A U.S. administration official said on Tuesday an interim trade agreement between the two side might not be completed in time for signing on the sidelines of an Asia-Pacific summit in Chile next month, but that does not mean the accord is falling apart.

was also stable, holding below recent five-month highs, after Britain's lower house of parliament approved calling an early election in December that might break the Brexit deadlock.

--Reuters contributed to this report

Should you Consider Forex as your Next Investment - ChartAttack

Posted: 30 Oct 2019 08:01 AM PDT

Forex is one of the most popular market platforms where people go to invest and make some money. It's currently rated as one of the safest and most viable platforms for brokers to spend time at. If you are in the process of finding a great place for investing, this article is entirely dedicated to Forex and some of its most successful stories. Feel free to continue reading until the end and learn some more.

What is Forex?

Not many people heard about Forex, so we're going to say a word or two about the platform and its history. Forex is an abbreviation for the foreign exchange market, and it represents a global and decentralized system that allows people to trade currencies. This market can be used to buy, sell, or exchange various country currencies at the rate that is currently valid. When we take a look at the size of the entire currency trade market, it is significantly above any other, with the Credit market being far behind it.

Are there many people that succeeded with Forex?

Yes, there are countless stories about people that made billions starting with just a few hundreds of dollars. Forex is really a rewarding place that will definitely earn you a fortune if you give it enough time and dedication. As we said, there are hundreds of examples, but one of the most popular ones is the story of Steven A. Cohen. He achieved outstanding success as a forex trader, but he's not only an investor, he is a hedge fund manager and a philanthropist. Feel free to read more about it here.

Should I consider Forex for my next investment?

If you are currently looking to invest in something and try to ensure a brighter future for both you and your family, Forex can definitely be a great option. There's no denying that you need a lot of knowledge about how foreign currencies work and all that, but if you are already who spends a lot of time researching and monitoring these, well, Forex is still a great option. If it weren't, it wouldn't be as popular as it is today.

Risk control is something that you need to learn over time as you manage your investments. Forex is not a place where you should invest in something and then just wait it out until the amount of money you've deposited is a lot higher than it was. It's an active investment, and you need to constantly monitor the ups and downs of the market by using risk control. So, just like we said, if you are willing to dedicate your time and money, you will be able to make a profit. If you are hoping for this investment to be one of the lazier ones in your life, well, that's not really the case with Forex.

Luckily, Forex is fairly easy to learn, and you have a huge support team that has your back whenever you need something from them. There are tons of guides and tips written online by already successful traders, so feel free to look them up as well if you need some "kickstart".

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