High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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Yen’s decline persisted in Asian session, continuing to reverse its strong gains from earlier in the month. Traders seem confident that Japan will not intervene as long as Yen remains above 160 level against Dollar, with no apparent determination to push it through 150. This range appears to be set for the near term. Japan’s
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Gold falls 1%, retreating from $2,350, despite typically supportive lower US Treasury yields. US economic events, including inflation data and a speech by Fed Chair Powell, are poised to influence markets. Fed Vice-Chairman Jefferson was hawkish, stressed importance of driving inflation toward 2% target. Gold prices retreated sharply on Monday from near $2,350 even though
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