Forex Trading For Beginners 2021

Canadian dollar wakes up on a day when oil is lower USD/CAD is down through yesterday's lows in a 91 pips drop to 1.2662. In the bigger picture context with oil, gas and commodities strong, it makes sense to see some Canadian dollar strength. The loonie was caught in the vortex of US dollar buying yesterday but with the dollar coming off the boil, it's leading the reversal. Overall though these are some choppy waters as we count down to month end. We're minutes away from the London fix and now USD/JPY is dropping. Invest in yourself. See our forex education hub. October 01, 2021 at 02:58AM Adam Button https://ift.tt/3kT3Ag7

Price runs to the 100 hour MA on the break The USDCAD has made a break back to the downside after the 2nd break of the day below the 200 hour MA, led buyers to turn to sellers.  The price has scooted lower and in the process has moved to test the 100 hour MA at 1.26784. The low just reached 1.26738. A move below would increase the bearish momentum. The next target comes in at the lows from yesterday at 1.26679. Invest in yourself. See our forex education hub. October 01, 2021 at 02:44AM Greg Michalowski https://ift.tt/3kSV8NW

Seafarers, truck drivers and butchers among those in short demand CNN had a great story out yesterday about life as a seafarer during the pandemic. In short, it's been brutal. In an open letter Wednesday to heads of state attending the United Nations General Assembly, the International Chamber of Shipping (ICS) and other industry groups warned of a "global transport system collapse" if governments do not restore freedom of movement to transport workers and give them priority to receive vaccines recognized by the World Health Organization. Seafarers haven't been allowed shore leave for 18 months and some haven't left a ship in 18 months. Cross-border truck drivers are also facing a nightmare of testing and quarantine problems. Compulsory quarantines when disembarking and on arrival in their home countries can mean that pilots and seafarers spend a month of their vacation time stuck in a hotel room before they're able to see their families. Naturally,...

Reuters' influential secondary sources survey Nigeria led the increase after an involuntary cut in August Compliance with quotas is at 114% vs 115% last month Output at highest since April 2020 OPEC's quotas allowed for a 400kbpd increase in Sept and we saw more than that because of Nigerian production coming back online after August outages at the Forcados terminal. Nigeria's output rose 170kbpd in the month. WTI crude oil is at the lows of the week at $74.14. Invest in yourself. See our forex education hub. October 01, 2021 at 01:18AM Adam Button https://ift.tt/2Ye2rXN

Murder charges were dismissed Thursday against a man who spent 15 years in prison for the fire-related deaths of five children in suburban Detroit, the climax of an investigation that found misconduct by police and prosecutors. Juwan Deering, 50, will not face a second trial, Oakland County prosecutor Karen McDonald said. A judge granted her request to close the case against him, a week after Deering's convictions were thrown out at her urging. Deering walked into court shackled at the waist but walked out as a free man with no restraints. "It’s been a hard uphill battle," Deering said moments later, adding that he next wanted "something good to eat." BODY OF MISSNG MICHIGAN WOMAN, 18, BELIEVED TO BE FOUND BURRIED IN ‘FRESH DIRT’ OUTSIDE HOME: POLICE McDonald, who was elected in 2020, took a fresh look at Deering's case at the request of the University of Michigan law school's Innocence Clinic. Favorable evidence was not shared with his defense...

Sarkozy convicted by French court in campaign financing case The court will allow the Sarkosy to serve the one-year sentence at home close Fox News Flash top headlines for September 30 Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. French ex-President Nicolas Sarkozy , who was convicted Thursday and sentenced to a year of house arrest for illegal campaign financing of his unsuccessful 2012 reelection bid, will appeal the ruling, his lawyer said. The court said Sarkozy would be allowed to serve the one-year sentence at home by wearing an electronic monitoring bracelet. Sarkozy’s lawyer, Thierry Herzog, noted that the sentence corresponds to the maximum his client faced. He said he had spoken with Sarkozy, who had asked him to appeal. "The verdict won't be enforceable" pending appeal, he added. In this March 1, 2021 file photo, former French President Nicolas Sarkozy arrives at the courtroom in Paris. Former French Preside...

Daily Pivots: (S1) 111.44; (P) 111.75; (R1) 112.28; More… Intraday bias in USD/JPY remains on the upside for the moment. As noted before, the break of 111.71 medium term structural resistance is seen as a sign of long term bullish reversal. Current rise would target 61.8% projection of 102.58 to 111.65 from 108.71 at 114.31 next. On the downside, below 111.19 minor support will turn bias neutral and bring retreat first, before staging another rally. In the bigger picture, break of 111.71 resistance suggests that the whole corrective decline from 118.65 (2016 high) has completed at 101.18 (2020 low) already. Medium term bullishness is also affirmed as USD/JPY stays well above 55 week EMA (now at 108.60). Sustained trading above 111.71 will affirm this bullish case. Rise from 101.18 could then be resuming whole rally from 98.97 (2016 low) through 118.65. This will now be the preferred case as long as 108.71 support holds. October 01, 2021 at 01:30AM ActionForex.com https://ift....

Daily Pivots: (S1) 0.9300; (P) 0.9327; (R1) 0.9375; More …. Intraday bias in USD/CHF remains on the upside for the moment. Current rise from 0.8925 should target 0.9471 resistance. Sustained break there will carry larger bullish implications. For now, further rally will remain in favor as long as 0.9214 support holds, in case of retreat. In the bigger picture, the strong rally above 55 week EMA (now at 0.9190) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness. October 01, 2021 at 01:27AM ActionForex.com https://ift.tt/39OjPEW

Selling Focus Turns to Euro as Dollar Digests Gains Sep 30 21, 13:14 GMT As Dollar is digesting this week’s yield supported rally today, selling focus is turning to Euro, in particular in crosses. Meanwhile, firmer overall risk sentiment is supporting commodity currencies and Sterling, with Aussie being the stronger one. Yen and Swiss Franc are generally softer on stable risk sentiment. Technically, as Euro turns weaker, we’ll pay attention to 1.0811 temporary low in EUR/CHF. Break there will resume the fall form 1.0936 towards 1.0694 low. Also, break of 129.36 minor support in EUR/JPY will align the outlook with GBP/JPY. That is, rebound from 127.91 has completed at 130.45 and deeper fall could be seen back to retest 127.91 low. We’d see if Euro’s selloff would accelerate and spread. In Europe, at the time of writing, FTSE is up 0.20%. DAX is down -0.20%. CAC is up 0.05%. Germany 10-year yield is up 0.021 at -0.187. Earlier in Asia, Nikkei dropped -0.31%. Hong Kong HSI dropped -...

Brian Laundrie case: Police answered dozens of 911 calls at home since day before Gabby Petito disappearance Police provided Fox News Digital with 46 pages of records related to 911 calls related to the Laundries' home close Gabby Petito's family urges Brian Laundrie to turn himself in Fox News senior correspondent Laura Ingle reports from Bohemia, N.Y. following the family's press conference. There were at least 46 911 calls related to the North Port, Florida , home of now- fugitive Brian Laundrie between Sept. 10-27, according to police records obtained by Fox News Digital. North Port Police Department provided Fox News Digital with 46 pages of records related to 911 calls with an incident location of the Laundries’ home – the home where Laundrie resides with his parents, and where he lived with his fiancée, Gabby Petito, before she disappeared and was later found dead. North Police police would not provide logs for calls made before the afternoon of Sept. 10, ...

Human remains found buried outside a Michigan home are believed to belong to an 18-year-old woman who went missing last month, investigators said Wednesday. Brynn Bills was linked to the remains through tattoo markers on the body after it was recovered in Alpena Township on Tuesday, Michigan State Police said . MISSING ARIZONA GEOLOGIST'S DAD PLEADS FOR SAFE RETURN: ‘I WILL CONTINUE TO FIGHT FOR HIM’ A cause of death was pending the results of an autopsy. Remains believed to be 18-year-old Brynn Bills were found during the search of an Alpena home. The remains were linked to Brynn through tattoos. Police said an autopsy will be performed to determine the cause of death. (Michigan State Police) Bills was last seen on Aug. 1 in the Alpena area. Investigators said an anonymous tip led them to the home on Naylor Road, where the body was discovered. "The tip led us to an area where we had seen that there was some fresh dirt and something that looked like it had been ...

Temple students' viral trash TikTok videos lead city, apartment management to respond Management of complex near Temple University in Philadelphia apologizes, says issue has been resolved close Fox News Flash top headlines for September 30 Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. Students living in off-campus apartments near Temple University in Philadelphia posted viral TikTok videos in the last week that prompted action from both the city of Philadelphia and the complex itself. User @djenebask.2's video has been liked nearly 92,000 times on the social media platform. It shows what appears to be a friend walking down a hallway to discard trash in the assigned area, only to find garbage spilled out of the trash room. "I'm ‘bout to document this because there’s just no way we're paying this much rent and can't even put our trash in the trash," someone can be heard saying in the video filmed at University...

Key Highlights NZD/USD started a major decline below the 0.7000 support. It broke a declining channel with support near 0.6950 on the 4-hours chart. EUR/USD declined below 1.1650, and GBP/USD accelerated lower towards 1.3400. The US Gross Domestic Product could grow 6.6% in Q2 2021. NZD/USD Technical Analysis The New Zealand dollar started a major decline from well above 0.7050 against the US Dollar. NZD/USD traded below 0.7000 to enter a bearish zone. Looking at the 4-hours chart, there was a break below a declining channel with support near 0.6950. The pair settled below the 0.6950 level, the 100 simple moving average (red, 4-hours), and the 200 simple moving average (green, 4-hours). The pair even traded below the 0.6900 support zone. It seems like the pair might continue to move down below 0.6850. The next key support is near 0.6800, below which the pair may possibly dive towards 0.6720. On the upside, an initial resistance is near the 0.6920 level. The first major resi...

Gold is bearish below 1750. The price is below the important level 1750 but getting close to another support. The support 1712-1723 is critical. If the price breaks below 1712 we should see a retest of 1675. Bulls might try to bring the price back up. This could create another selling opportunity. 1750-68 is the selling zone on a pullback. The main target is 1675 if 1712 breaks lower. September 30, 2021 at 10:54PM Elite CurrenSea https://ift.tt/3F1hm8B

New money: Central banks lay out operating manual for digital cash Forex 36 minutes ago (Sep 30, 2021 09:10AM ET) © Reuters. FILE PHOTO: Pound and U.S. dollar bills are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo By Marc Jones and Tom Wilson LONDON (Reuters) - A group of central banks sketched out a potential operating manual for digital cash on Thursday as they aim to strike a balance between keeping up with cryptocurrencies and concerns that the new technology could upend commercial lenders. Worried that the explosion of bitcoin and its ilk could weaken their control of money, policymakers from Beijing to Washington are exploring central bank digital currencies, known as CBDCs. And while a widely-used digital dollar or euro may still be years away, work by central banks is gathering pace as consumers increasingly ditch coins and notes in favour of digital payments on debit or credit cards and mobile phones. The seven central ...