Fx street news
FX Street is a popular online platform that provides news, analysis, and trading tools for the foreign exchange (forex) market. Here are some of the latest news and updates from FX Street:
Market News
- USD/JPY: Bulls Eye 125.00 as US-China Trade Talks Resume: The USD/JPY pair is trading near a two-week high, with bulls eyeing the 125.00 level as US-China trade talks resume.
- GBP/USD: Cable Eyes 1.3000 as UK Economy Shows Signs of Recovery: The GBP/USD pair is trading near a two-week high, with cable eyeing the 1.3000 level as the UK economy shows signs of recovery.
- EUR/USD: Euro Fights Back, Eyes 1.1400 as US Data Disappoints: The EUR/USD pair is trading higher, with the euro fighting back against the dollar as US data disappoints.
Technical Analysis
- USD/CHF: Bullish Breakout Above 0.9900: The USD/CHF pair has broken out above the 0.9900 level, with a bullish trend likely to continue.
- AUD/JPY: Bearish Reversal Below 72.00: The AUD/JPY pair has reversed lower below the 72.00 level, with a bearish trend likely to continue.
- GBP/CAD: Bullish Breakout Above 1.7500: The GBP/CAD pair has broken out above the 1.7500 level, with a bullish trend likely to continue.
Trading Tips
- Trade the News: US-China Trade Talks Resume: With US-China trade talks resuming, traders may want to consider trading the news and positioning themselves for potential market moves.
- Use Stop-Loss Orders: With market volatility on the rise, traders may want to consider using stop-loss orders to limit their potential losses.
- Monitor Economic Data: Traders should keep a close eye on economic data releases, as they can have a significant impact on market sentiment and prices.
Market Sentiment
- Market Sentiment Remains Bullish: Despite recent volatility, market sentiment remains bullish, with many traders expecting the dollar to weaken further.
- Risk Appetite Remains High: Risk appetite remains high, with many traders willing to take on risk in the hopes of making a profit.
- Volatility Expected to Continue: With market volatility on the rise, traders should be prepared for continued price swings and unexpected market moves.
These are just a few of the latest news and updates from FX Street. For more information and analysis, please visit their website.