Title : Forex Trading Signals Based on Price Action Trading
link : Forex Trading Signals Based on Price Action Trading
Forex Trading Signals Based on Price Action Trading
* Dollar alters course vs yen to sold lower
* Investors await Fed's Yellen congressional witnes
* U.S. consumer inflation data due on Friday
* Graphic: World FX rates in 2017 http :// tmsnrt.rs/ 2egbfVh
( Updates throughout )
By Saqib Iqbal AhmedNEW YORK, July 11( Reuters)- The dollar fell to a more than
one-week low-pitched against a basket of major currencies on Tuesday ,
after U.S. President Donald Trump's eldest son liberated an email
chain citing Russian support for his father before last year's
U.S. election .
Donald Trump Jr. was told a Russian lawyer was offering
his father's presidential campaign incriminating datum
about Democratic competitive Hillary Clinton as part of Russian
government support, according to an email chain that he released
on Tuesday.[ nL1N1K209P ]
" At the least, these kinds of headlines play up
concerns about dysfunction in Washington and the powerlessnes of
this administration to pass any meaningful legislation ,
particularly relevant to fiscal stimulus ," replied Omer Esiner ,
chief marketplace analyst at Commonwealth FX in Washington .
U.S. Senate Republican leader Mitch McConnell said on
Tuesday that the Senate would vote on a invoice to roll back
Obamacare next week and then move on to other legislative
business.[ nW1N1HW027 ]
The dollar index <.DXY>, which tracks the greenback against
six major rivals, became negative on the working day to sold down 0.28
percent at 95.751, after reaching 95.651, its lowest since July
3 .
Investors are waiting for U.S. Federal Reserve Chair Janet
Yellen's semiannual monetary policy evidence before Congress on
Wednesday and U.S. customer inflation data related to Friday .
Meanwhile, Fed Governor Lael Brainard said the Fed should
soon begin reducing its balance sheet, as long as economic data
on U.S. jobs and proliferation maintains up. Formerly balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she replied.[ nL1N1K10X8 ]
The greenback, which touched a four-month high-flown against the
Japanese yens earlier in its present session stimulated by the recent rise
in U.S. government bail yields, reversed track to descent 0.16
percent to 113.85 yens. The euro rose to a 14 -month high-pitched of
$1.1479.
The Canadian dollar slipped against its U.S .
counterpart as merchants awaited an interest rate hike decision by
the Bank of Canada on Wednesday.[ nL1N1K20F4 ]
The greenback gained against the New Zealand dollar
as rising U.S. harvests, soft stock costs and a disappointing
report on domestic charge card spend sent investors fleeing
kiwi assets .
Sterling fell to an eight-month low against the euro after
the Bank of England Deputy Governor Ben Broadbent declined to
back up recent clues from other policymakers at the central bank
that suggested it may be moving toward raising interest rates .
[ nL4N1K240R ]