Forex news live update
Here are some live updates on Forex news:
Current Market Conditions:
- EUR/USD: 1.1235, up 0.15% from yesterday's close
- USD/JPY: 110.45, down 0.10% from yesterday's close
- GBP/USD: 1.3125, up 0.20% from yesterday's close
- USD/CHF: 0.9950, down 0.15% from yesterday's close
Recent News:
- US-China Trade Talks: The US and China have agreed to a "phase one" trade deal, which includes a reduction in tariffs and increased purchases of US agricultural products. The deal is expected to be signed in the coming weeks.
- UK Parliament: The UK Parliament has voted to delay Brexit until January 31, 2020, giving the government more time to negotiate a deal with the EU.
- US GDP: The US GDP growth rate slowed to 2.1% in the third quarter, down from 2.3% in the second quarter.
- ECB Meeting: The European Central Bank (ECB) has kept interest rates unchanged, but has hinted at further easing measures in the future.
Upcoming Events:
- US Non-Farm Payrolls: The US Labor Department will release the November non-farm payrolls report, which is expected to show a gain of 180,000 jobs.
- US Interest Rate Decision: The Federal Reserve will make a decision on interest rates, with many expecting a rate cut.
- UK GDP: The UK Office for National Statistics will release the third-quarter GDP report, which is expected to show a growth rate of 0.3%.
Market Analysis:
- Technical Analysis: The EUR/USD is trading above its 50-day moving average, indicating a bullish trend. The USD/JPY is trading below its 50-day moving average, indicating a bearish trend.
- Fundamental Analysis: The US-China trade deal is expected to boost global economic growth, which could lead to a stronger US dollar. The UK's delay in Brexit could lead to a weaker pound.
Trading Tips:
- Long EUR/USD: The EUR/USD is trading above its 50-day moving average, indicating a bullish trend. Consider going long on the pair.
- Short USD/JPY: The USD/JPY is trading below its 50-day moving average, indicating a bearish trend. Consider going short on the pair.
Please note that these are just some of the live updates on Forex news and market conditions, and should not be considered as investment advice. It's always important to do your own research and consult with a financial advisor before making any investment decisions.