Hello, guys! We are back here to inform you with the latest Forex news. Even though September is over, some of the last events in the foreign exchange world have been yet changing the Forex trading strategies. As a successful broker, you should get familiar with all of these events and news, as well. Check out the last days of September in Forex world now and be prepared for the final trading till the working week is over.
Gold rushes to a bigger low!
After getting to the catastrophic 9-month low, it seems that Gold will continue becoming cheaper and cheaper. The Gold rushes to a bigger low. After a really short consolidative time the sellers now try to test the 23.6& Fibonacci expansion at 1198.47. Though, the latest hours (on 1st of October) weren’t promising and optimistic for Gold at all!
The Eurozone Inflation goes lower, too!
There hasn’t been such a dramatic low for the Eurozone Inflation and for the EUR currency at all since 2009 year. The numbers these days have been quite shocking. The annual inflation rate has gone under the ECB aim in September to a biggest bottom for the last five years. The consumer prices have come in at about 3% – positive number, which is worse than in August – +4%.
GBP/USD with a flat trade in the beginning of the month
The GBP/USD has been mixed on soft UK. This is according to the latest reports by the US factory. The GBP/USD was up 0.01% at 1.6215. Meanwhile, the marketing specialists in UK have made one more report, too. They have said that the manufacturing purchasing index has fallen to 51.6 during the last month. In August it was almost 52.2, while the beginning of the summer was signed with a 52.5 index.
Brazilian market reacts negatively after Dilma`s re-election
Even though it wasn’t expected at all, the second election of Dilma Ruseff has moved the market into a direction that isn’t that positive at all. The Brazilian national currency – Real – has become cheaper and it seems that it will soon hit its record low. According to the Forex trading specialists, it is about hours or days for the Brazilian Real to hit the 6-year bottom according to the USD, while the main Bovespa index has collapsed to 5%.
AUD/USD with a significant collapse
The AUD/USD is another not that surprising collapse we have noticed since the beginning of the week. The AUD/USD has hit a 9-month low. The Australian national dollar drop is probably due to the recent release of disappointing retailed sales data right from the government reports.
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Ok, guys, that was all from us for September! See you soon to speak about the latest October Forex trading news!