Global Trading News and Market Analysis

The Reserve Bank of Australia will announce its monetary policy decision on November 1, with board members stuck between a rock and a hard place. 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).

  • 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…
  • Gold price has witnessed a pullback move after dropping to near $1,632 in the early Tokyo session.
  • €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, …
  • A Guide Retail sales is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies.
  • Learn how fiat currencies operate and how they compare to other types of money.
  • By Peter Nurse – The U.S. dollar edged higher in early European trade Monday at the start of a pivotal week which includes several central bank policy-setting…

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 contacts 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.

€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, … Price Action Support and Resistance While price action presents a somewhat objective framework for traders to work with, identifying workable zones of support and resistance requires a bit of subjectivity. dotbig sign in 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 – The US dollar stabilized in early European trading Thursday, after overnight losses, while the euro pushed above parity ahead of an expected jumbo… 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 … BRASILIA – Brazil’s central bank on Thursday said it would hold auctions starting on Friday to roll over $15.1 billion in traditional currency swaps maturing on Dec….

Commitment of traders report (COT): Bullish euro bets hit 15-month high

European markets closed mostly higher on Monday with investors looking to pick up stocks despite weak data on inflation and GDP. dotbig testimonials 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. Prices of cryptocurrencies are extremely volatile and may be affected by external DotBig LTD 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…

HANOI – Vietnam is preparing to loosen its tight leash on the dong currency, including possibly widening its trading band with the U.S. dollar again, in order to… By Ambar Warrick– 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…

US open: Stocks fall ahead of FOMC later in the week

USD/MXN Stuck in Horizontal Channel, Breakout Could Spark Next Big MoveThe USD/MXN has been trading inside a horizontal channel since the beginning of the month, but a powerful breakout could be just around the corner. Bitcoin is correcting after touching the $20.8K area, but the price above previous local highs and the 50-day moving average. In this week’s edition, we are getting technical on the USD/CNH, Gold and S&P 500. dotbig review EUR/USD remains conflicted as declining economic growth couples with rampant inflation to further thwart matters for the ECB.

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In doing so I have covered many topics, but none have resonated more than this issue of adversity. This is why I happened to notice something this past Sunday afternoon while watching the Buffalo Bills play the Kansas City Chiefs, specifically the two starting … Breaking news is defined as new information that has market-moving potential.

GBP/USD, USD/CAD & S&P 500 Technical Setups

The broker proposes multiple different account types that fit the needs of other customers. dotbig website NZD/USD Outlook Mired by Failure to Clear October Opening RangeNZD/US may struggle to retain the advance from earlier this month if the exchange rate fails to clear the October high (0.5814). It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. 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 forex 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,…

Forex-Dollar Dips Further as Fed Doubts Resurface

Learn what currency pairs work best and how to execute the strategy 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 . 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. dotbig company After opening on a weak note, the Canadian market recovered and moved into positive territory Monday morning, thanks to 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.

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We have had one of the largest bouts of financial conditions easing this century. But, according to the Goldman trader, in the latest series of NikiLeaks tweets this morning, the WSJ’s Fed … A fiat currency is any monetary instrument backed by a national government. Learn how fiat currencies operate and how they compare to other types of money. dotbig ltd FinancialCentre ReviewFinancialCentre is an experienced broker that deals with many asset types and classes.

Higher US Treasury yields have coincided with declines by US stock markets. Gold price has witnessed a pullback move after dropping to near $1,632 in the early Tokyo session. The confidence seems to be lacking in the pullback move as the overall structure has become weak after the gold price surrendered the critical support of $1,638.00. The Chicago Business Barometer, also known as the Chicago PMI, dropped to 45.2 in October from 45.7 in the prior month, according to data released Monday. As Goldman’s Matt Fleury wrote earlier today, since Nick Timiraos, also known as NikiLeaks, tweeted that the Fed was going to slow its pace of hiking last Friday…