Latest from RobotFX: important news impacting currency trading.
The dollar index was little changed around 101.6 on Friday, hovering near a three-week low and down nearly 0.2% for the week. Cautious sentiment persisted amid further gains in oil prices and fears of a possible escalation of conflict in the Middle East, with the US midterm elections now less than two weeks away. At the same time, worries about heavy AI-related spending continued to pressure risk appetite.
The Federal Reserve is due to announce its monetary policy decision next week, with markets assigning roughly a 91% probability that rates will remain unchanged. In contrast, the likelihood of a 25 bps rate hike in December was estimated at around 76%.
Among major currencies, the Japanese yen strengthened against the dollar, supported by its safe-haven status. The euro, by contrast, edged lower, weighed down by political uncertainty in France and persistent selling pressure in the country’s bond market.
Recover from drawdowns intelligently with the Auto Recovery Expert Advisor for MT4/MT5. Perfect for hedging strategies. Learn more.
The material has been provided by - RobotFX.Org
Boost your trading with advanced tools from RobotFX. Visit robotfx.org for expert advisors and indicators.
Download NOW!
No comments:
Post a Comment