Construction spending in the U.S.

By following our news, this ensures that you are always up-to-date with the latest trends and changes within the financial markets, as well as general economic announcements. dotbig investments However, if a company releases a report with considerably lower financials than expected, this can cause a rally for traders to short the stock as its value is decreasing. Traders can perform company analysis before deciding whether to invest in a stock. This includes analysing its growth rate potential, as well as any potential legal, political or insolvency risks. Financial ratios such as price/earnings along with dividend yields can also indicate whether a stock is a healthy investment right now.

Construction spending in the U.S. unexpectedly showed a modest increase in the month of October, according to a report released by the Commerce Department on Tuesday. The report said construction spending inched up by 0.2 percent to an annual rate of $1.811 trillion in September after falling by 0.6 percent to a revised rate of $1.807 trillion in August. Our goal is to provide traders with all the information and tools they need to trade successfully. Our team of professional traders has been testing Forex brokers for over 12 years and has helped millions of traders find the right broker. dotbig.com Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE. US stocks point to a weaker open after strong gains last week as investors question whether the Fed will adopt a softer stance to monetary policy after November.

These events can all have an effect on market sentiment and cause major price swings within the financial markets. A news trading strategy involves trading based on market expectations, both before and after a news release.

Daily Forex News and Watchlist: EUR/USD

150 is a level we’re all watching on USD/JPY – and the questions is not so much if it will be tested, but what will happen if or when it breaks. DotBig company Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 1 pt on indices.

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Recent examples include the Greek debt crisis and China market turmoil. When trading on news releases, it is important that you are aware of how financial markets work. dotbig.com testimonials This happens because traders attempt to predict the results of future news announcements and so, in turn, the market responds by changing the price of an asset. News-based trading is especially useful for volatile markets, for example oil trading.

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Market Mood Improves Ahead Of Fed DecisionThe next few days promise to be eventful and potentially volatile for financial markets thanks to key economic reports from major economies, corporate… Certain major economic announcements can bring additional volatility in the markets, even if it is for just a short period of time. Traders should be aware that demand for many commodities – and therefore the commodity’s price – rises and falls with the seasons. Seasonal forex trading news and impacts tend to be seen in energy and agricultural commodities, but less so for precious metals. The table below shows some of the main resource currencies and the commodities that affect them. These can be used by traders as a sort of DotBig review trading signal, as it can help to predict where the price of the currency is headed. As with other asset classes, forex trading news can become particularly active before and following major economic events.

  • Whilst GBP as under pressure from talk of tax hikes, GBP/USD remains above a key support level ahead of today’s ISM and JOLTS job opening reports.
  • The benchmark 10-year US Treasury bond yield recovered back above 4% after the latest US data, making it difficult for XAU/USD to preserve its bullish momentum.
  • Spending pressures from a rapidly ageing population are a key challenge for Finland’s public finances.
  • The policy board of the Reserve Bank of Australia, headed by Governor Philip Lowe, decided to lift the cash rate target by 25 basis points to 2.85 percent, the highest since 2013.
  • Sysco Corp. reported Tuesday net earnings for the first quarter that increased to $465.57 million or $0.91 per share from $378.01 million or $0.73 per share in the prior-year quarter.

By pressing the “Accept” button, you agree to our Privacy policy. dotbig testimonials The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Get commentary on the Forex and Currencies markets from industry experts.

Hyun Song Shin Explains Why This Dollar Shock Is So Unique

From basic trading terms to trading jargon, you can find the explanation for a long list of trading terms here. FOREXLIVE™ may be compensated by the advertisers that appear on the website, based https://nandnlogistics.com/ on your interaction with the advertisements or advertisers. Bitcoin is correcting after touching the $20.8K area, but the price above previous local highs and the 50-day moving average.

The Forex Market Overview page provides a quick overview of today’s Forex and Currencies markets. dotbig sign in The dollar moved higher on Monday’s sell-off in stocks, which boosted liquidity demand for the dollar. Start the week of October 30, 2022 with our Forex forecast focusing on major currency pairs here. Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy. The U.S. dollar rose today pushing USD/JPY so high that it almost reached the 150 level.

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Our news and analysis section is updated daily with articles on the forex, share, treasury, commodity and index markets, written by our market analysts. Australia’s central bank raised its benchmark interest rate on Tuesday, for a second consecutive meeting and repeated the guidance that rates will be lifted further based on incoming data. The policy board of the Reserve Bank of Australia, headed by Governor Philip Lowe, decided to lift the cash rate target by 25 basis points to 2.85 percent, the highest since 2013. dotbig ltd Some brokers offer automated news trading signals that can help a trader to make decisions on whether to enter, exit or avoid a trade.

Cardano shows an interesting situation that presents opportunities regardless of the breakout direction. https://thenewsgod.com/overview-of-the-international-online-broker-dotbig/ If investors plan to trade ADA, they need a comprehensive understanding of the triggers.

It has been a busy week for central banks, with the Bank of Japan rounding things off with an expected hold. Trading in index futures suggests a markedly higher opening by Wall Street stocks on Monday, as traders look ahead to the unfolding third-quarter reporting season with optimism. British energy major BP Plc reported Tuesday a replacement cost or RC profit in its third quarter, compared to a loss last year, on strong growth in sales revenue. Further, the company announced $2.5 billion share buyback, which is intended to https://thenewsgod.com/overview-of-the-international-online-broker-dotbig/ be executed prior to announcing its fourth-quarter results. The Forex Market Map provide a quick visual view of the foreign exchange markets and how they are performing on the day, as well as how they are performing versus other major currencies. Whilst GBP as under pressure from talk of tax hikes, GBP/USD remains above a key support level ahead of today’s ISM and JOLTS job opening reports. We introduce people to the world of trading currencies, both fiat and crypto, through our non-drowsy educational content and tools.

We give calls from Monday to Friday in suggested intervals. dotbig company In case we couldn’t get through, we will try again at the same time the next day. Every week we expect many interesting events that can shake the market.