Trading News & Analysis for Forex, Commodities and Indices

By Gertrude Chavez-Dreyfuss NEW YORK – The dollar gained across the board on Monday, regaining some of the luster it lost earlier in the month, bolstered by expectations… A volatile session for the yen on Friday likely points to a currency intervention from the BOJ or MOF, in an attempt https://getblogo.com/dotbig-ltd-review-pros-and-cons-of-the-trading-platform-explained/ to stop or at least pause the currency’s fast depreciation. dotbig.com 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. Will the Fed consider an ECI reading of 1.2% to be “uncomfortably higher”?

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. 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 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 contacts TOKYO – Japanese Prime Minister Fumio Kishida said on Friday the government is ready to take appropriate action against excessive volatility in the currency market. 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,…

By Leika Kihara and Yoshifumi Takemoto TOKYO – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out… 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.

Two trades to watch: DAX, USD/JPY

Also, the Fed’s favorite measure of inflation is back up to levels not seen since March. Euro area annual inflation is expected to be 10.7% in October 2022, up from 9.9% in September according to a flash estimate from Eurostat, the statistical office of the European … dotbig company Breaking news is defined as new information that has market-moving potential. The total number of building permits issued in New Zealand was up a seasonally adjusted 3.8 percent https://kellerlogistics.com/ on month in September, Statistics New Zealand said on Tuesday, following the 1.6 percent decline in August. The manufacturing sector in Australia continued to expand in October, albeit at a slower pace, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 52.7. Get expert reaction to latest market news and seize potential opportunities. dotbig broker A fiat currency is any monetary instrument backed by a national government.

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A 0.75% interest rate hike could mean pressure mounting on the crypto market as investors keep their hands-off riskier assets. A Guide Retail sales is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. By Peter Nurse Investing.com – 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 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.

U.S. dotbig.com testimonials Stocks End Session On Weak Note; Dow Records Biggest Monthly Gain Since 1976

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. 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, … 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.

  • European markets closed mostly higher on Monday with investors looking to pick up stocks despite weak data on inflation and GDP.
  • All breaking news is rated high , medium , or low depending on the how much it impacted the market.
  • The Singapore stock market has finished higher in five straight sessions, collecting more than 120 points or 4.1 percent along the way.
  • 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.
  • Learn what currency pairs work best and how to execute the strategy yourself in our full guide.
  • By Gertrude Chavez-Dreyfuss NEW YORK – The dollar gained across the board on Monday, regaining some of the luster it lost earlier in the month, bolstered by expectations…

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Economic Calendar

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 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 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. European markets closed mostly higher on Monday with investors looking to pick up stocks despite weak data on inflation and GDP.

Learn how fiat currencies operate and how they compare to other types of money. 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.

What are Retail Sales and Why is it Important to Traders? A Guide

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. dotbig ltd Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. dotbig testimonials 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…

The Straits Times Index now rests just beneath the 3,100-point plateau although investors figure to cash in on Tuesday. 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 Marc Jones and Alun John LONDON – Currency trading has hit a record $7.5 trillion-a-day, a comprehensive new study has shown, with the dollar retaining its global… dotbig forex By Tetsushi Kajimoto TOKYO -Japan spent a record $42.8 billion on currency intervention in October to prop up the yen, the finance ministry said, with investors keen for… Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy. EUR/USD began the week on the negative side, holding lower ground near one-week bottom of late.

By Peter Nurse Investing.com – The U.S. dollar stabilized at lower levels in early European trading Tuesday as traders factored in a potentially less hawkish Federal Reserve,… DotBig review SHANGHAI/BEIJING – Major Chinese state-owned banks sold U.S. dollars in both onshore and offshore markets in late trade on Tuesday to prop up the weakening yuan, two…

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…