1, it said on Monday,…

By John McCrank NEW YORK – The euro dropped more than 1% on Thursday, falling back below parity with the dollar, after the European Central Bank raised interest… dotbig testimonials BENGALURU – The Reserve Bank of India will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on Nov. 1, it said on Monday,…

Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. SHANGHAI/BEIJING -China’s foreign exchange regulator sent a survey to some banks late on Monday asking them about their positioning in the currency market, three sources… By John McCrank NEW YORK – Sterling rallied to a six-week high on Tuesday on improved risk sentiment as Rishi Sunak became Britain’s prime minister, while the dollar… MOSCOW -The rouble strengthened on Friday, hovering between 61 and 62 to the dollar and showing limited reaction to the central bank’s decision to leave interest rates… By Ambar Warrick Investing.com– Most Asian currencies retreated on Monday as weak Chinese economic data weighed on sentiment, while markets hunkered down ahead of a Federal… Today’s release of the September CPI report increases the chances that the BOC will hike rates by 75bps next week. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.

forex news

A volatile session for the yen on Friday likely points to a currency intervention from the BOJ or MOF, in an attempt to stop or at least pause the currency’s fast depreciation. The tone set by the removal of forward guidance and the lack of information regarding QT led the markets to believe this was a dovish hike. dotbig.com Will the Fed consider an ECI reading of 1.2% to be “uncomfortably higher”? Also, the Fed’s favorite measure of inflation is back up to levels not seen since March. Gold fell to $1,633.37 at the beginning of the week as a dismal market mood fueled demand for the dollar.

ECB hikes 75bps as expected; Scraps forward guidance

By Georgina Lee and Samuel Shen HONG KONG/SHANGHAI – China’s digital yuan took the centre stage in the world’s largest cross-border central bank digital currency … dotbig contacts BRASILIA – Brazil’s central bank on Thursday said it would hold auctions starting on Friday DotBig company to roll over $15.1 billion in traditional currency swaps maturing on Dec…. By Peter Nurse Investing.com – The U.S. dollar stabilized in early European trade Friday ahead of the release of key inflation data, while the Japanese yen edged lower after the…

  • European markets closed mostly higher on Monday with investors looking to pick up stocks despite weak data on inflation and GDP.
  • Will the Fed consider an ECI reading of 1.2% to be “uncomfortably higher”?
  • The U.S. dollar firmed against is major counterparts on Monday with traders betting on aggressive policy tightening by the Federal Reserve to fight inflation.
  • XAUUSD aims to extend its slump towards the year low at $1,614.81 a troy ounce.

The RBA is expected to hike its benchmark lending rate by 25 basis points, to 2.85 percent from 2.60 percent. A Guide Retail sales is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies. Learn more about retail sales and how to trade this key economic data.

Australian weekly consumer confidence survey falls again, down 1.5%

However, the outlook for the GBP/USD remains bleak as investors await the FOMC and BOE monetary policy decision this week. After swinging between gains and losses, the Canadian https://trendynews4u.com/dotbig-ltd-review-pros-cons-explained/ market ended on a weak note on Monday, as the mood was quite cautious with investors looking ahead to the Federal Reserve’s monetary policy announcement, due later in the week.

A carry trade is a trading strategy that involves borrowing a low-yield currency and investing in a high-yielding asset to exploit the interest rate differential. Carry trades are most common in forex trading with traders borrowing the low interest Japanese yen to buy higher interest currencies. Learn what currency pairs work best and how to execute the strategy http://www.logisticsinc.com/ yourself in our full guide. The AUD/USD price pulled back slightly ahead of the upcoming interest rate decision by the Reserve Bank of Australia . dotbig company It slipped to a low of 0.6385, which was about 2% below the highest point last week, RBA interest rate decision The RBA will conclude its two-day meeting on Tuesday and deliver its highly-anticipated decision.

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Euro area inflation advanced to a historic high in October, while growth slowed, posing a tough time for the European Central Bank that is trying to balance the risk of recession and the persistently high inflationary pressures. Inflation accelerated to a record 10.7 percent in October from 9.9 percent in the previous month, flash data from Eurostat showed Monday. dotbig sign in After opening on a weak note, the Canadian market recovered and moved into positive territory Monday morning, thanks to https://trendynews4u.com/dotbig-ltd-review-pros-cons-explained/ strong buying in energy and healthcare stocks. However, with stocks failing to find support at higher levels, the market subsequently slipped marginally into the red. European markets closed mostly higher on Monday with investors looking to pick up stocks despite weak data on inflation and GDP. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

Week Ahead: More Central Banks, CPI, NFP and earnings

By Ambar Warrick Investing.com– Most Asian currencies fell on Thursday as investors locked in profits from a recent rally, while the dollar was pinned near one-month lows as… TOKYO – Japanese Prime Minister Fumio Kishida said on Friday the government is ready to take appropriate action against excessive volatility in the currency market.

By Leika Kihara and Yoshifumi Takemoto TOKYO – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out… By Gertrude Chavez-Dreyfuss NEW YORK – The dollar gained across the board on Monday, regaining some of the luster it lost DotBig.com earlier in the month, bolstered by expectations… Bears have continued to cover their short bets against the euro, and we also note a pickup of long bets on the relatively bearish euro. Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE.

None of the blogs or other sources of information is to be considered as constituting a track record. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice.

CRYPTOCURRENCIES

In doing so, the central bank said that more rate hikes are yet to come. dotbig broker Poor Eurozone growth and record inflation in the Union weighed on the shared currency as market players gear up for another central banks’ week. US Federal Reserve to announce the monetary policy decision on Wednesday. The arrival of the new UK Prime Minister Rishi Sunak has given a sense of stability to the local financial markets after he announced the abandonment of the expansionary fiscal policy suggested by his predecessor Liz Truss.

Price Action Support and Resistance

CME Group, the world’s leading derivatives marketplace, today announced the first day of trading of a new suite of overnight index futures based on the Euro Short-Term Rate (€STR). €STR futures provide an efficient way to hedge European money market rates, with contracts including €STR 3-Month futures and €STR 3-Month Single Contract Basis Spread futures, … After the ECB and BOJ meetings last week, the focus has shifted back to the US where FOMC meeting concludes in the middle of the week and the October employment report is out ahead of the weekend. dotbig.com testimonials Sterling and the yen are the weakest performers among the G10 currencies and are off 0.45%-0.50%. By John McCrank NEW YORK – The U.S. dollar sank more than 1% against a basket of peers on Wednesday as weakening economic data firmed views that the Federal Reserve will… By Peter Nurse Investing.com – The US dollar stabilized in early European trading Thursday, after overnight losses, while the euro pushed above parity ahead of an expected jumbo…