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Under the direction of the Asian Consultative Council of the BIS, in April 2021 the BIS Representative Office for Asia and the Pacific established a Study Group on "Foreign exchange markets in Asia-Pacific". The Study Group comprises members from the central banks and monetary authorities of Australia, China, Hong Kong SAR, India, Indonesia, Korea, … Whilst GBP as under pressure from talk of tax hikes, https://letmethink.in/why-dotbig-is-a-universal-broker/ GBP/USD remains above a key support level ahead of today’s ISM and JOLTS job opening reports. 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 be executed prior to announcing its fourth-quarter results.

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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. Trading in financial instruments and/or cryptocurrencies involves https://letmethink.in/why-dotbig-is-a-universal-broker/ high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. dotbig Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

ECB hikes 75bps as expected; Scraps forward guidance

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. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. 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 US dollar stabilized in early European trading Thursday, after overnight losses, while the euro pushed above parity ahead of an expected jumbo…

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

  • Cardano shows an interesting situation that presents opportunities regardless of the breakout direction.
  • 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…
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  • Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate.
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We are go to source for you to get breaking news stories and in-depth market updates from around the world. 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. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. dotbig investments None of the blogs or other sources of information is to be considered as constituting a track record.

BP Posts RC Profit In Q3, Underlying RC Profit Beats View; Lifts FY22 Production Forecast

ASX rises cautiously ahead of Reserve Bank’s rate hike, Dow Jones posts biggest monthly surge in 47… MOSCOW – The Russian rouble edged marginally lower against the dollar on Tuesday, as the end of a favourable month-end tax payments period drew close, while investors… 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… SHANGHAI – The yuan briefly touched a 1-1/2-week high against the dollar before giving back all the gains by midday on Thursday as Chinese cities tightened curbs against… 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… TOKYO – Japanese Prime Minister Fumio Kishida said on Friday the government is ready to take appropriate action against excessive volatility in the currency market.

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China’s Caixin manufacturing PMI rose more than expected but remained in contraction territory at 49.2 in October, likely reflecting ongoing economic … 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… 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… dotbig review By John McCrank NEW YORK -The yen fell more than 1% against the dollar on Friday after the Bank of Japan bucked the trend among other major central banks and stuck with… 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.

Bank of Canada Preview: Will the BOC hike rates by 75bps?

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…. 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… Stay up-to-date on breaking forex news as well as relevant financial developments. GBP/USD remains planted around the 1.15 level while markets keenly await FOMC and BoE rate decisions. GBP/USD is sustaining the recovery gains above 1.1500, as risk flows dominate in Tuesday’s European trading hours.

EUR/USD above parity ahead of ECB

CAD/JPY has defied weaker oil prices, mostly thanks to a weaker yen and higher equity prices ahead of today’s inflation report. dotbig website Today’s release of the September CPI report increases the chances that the BOC will hike rates by 75bps next week. Note that the content on this site should not be considered investment advice.

The US dollar stays heavy with investors awaiting the September Job Openings and October ISM Manufacturing PMI data. 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. Canadian shares are set to open on a positive note on Tuesday, tracking gains in European markets and firm commodity prices. 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 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 …

Bitcoin is correcting after touching the $20.8K area, but the price above previous local highs and the 50-day https://www.stgusa.com/ moving average. In this week’s edition, we are getting technical on the USD/CNH, Gold and S&P 500.

US Core PCE and ECI as expected. dotbig company What does it mean for the FOMC next week?

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… 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… Upcoming economic data releases from the US this DotBig.com week includes a slew of housing data and Core PCE. SoFi Technologies stock jetted ahead in Tuesday’s premarket after the neo bank reported the bare minimum of an earnings beat. Financial technology company Blucora, Inc. reported Tuesday a net loss for the third quarter that narrowed to $21.84 million or $0.46 per share from $27.80 million or $0.57 per share in the prior-year quarter.

By Peter Nurse Investing.com – The U.S. dollar weakened in early European trade Tuesday as traders weighed the likelihood that the Federal Reserve signals a less aggressive… Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy. Australian shares have lifted moderately in afternoon trade, ahead of the the Reserve Bank’s latest interest rate decision. All breaking news is rated high , medium , or low depending on the how much it DotBig overview impacted the market. Stocks rallied on Tuesday, with miners leading the surge amid reports that China is looking at ways to exit its zero-COVID policy. 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… 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…