Forex Market News & FX Forecast

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. Cardano shows an interesting situation that presents opportunities regardless of the breakout direction. If investors plan to trade ADA, they need a comprehensive understanding of the triggers.

The Fed is widely expected to raise its benchmark interest rate by another 75 basis points, its fourth straight rate hike, to fight soaring inflation. The Bank of Canada has raised rates by 50bps vs an expectation of 75bps. dotbig forex In doing so, the central bank said that more rate hikes are yet to come. ForexNews.World delivers real time updated forex news and market research. We are leading source for latest news on cryptocurrency along with technical analysis on the foreign currency, commodities and trading strategies. We are go to source for you to get breaking news stories and in-depth market updates from around the world.

forex news

Gold bears take a breather before resuming the downtrend towards $1,615.The US Dollar drops with Treasury yields ahead of a two-day Fed meeting. Risk-on market sentiment returns amid Chinese PMI beat and tech stocks rally. dotbig sign in GBP/USD is recovery ground further above 1.1500, as risk flows dominate in Tuesday’s early European trading. dotbig review The US dollar extends the retreat amid a better market mood, tracing the yields lower.

Rally May Stall For Thai Stock Market

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forex news

The manufacturing sector in South Korea continued to contract in October, albeit at a slower pace, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 48.2. dotbig company The information and news provided on are solely for reference purposes only. The completeness, and timeliness of the articles posted here may vary and are not necessarily accurate at all times. The reader is solely responsible for his/her use of such information and trading news and the appropriateness of the same to him/her. FinancialCentre ReviewFinancialCentre is an experienced broker that deals with many asset types and classes. The broker proposes multiple different account types that fit the needs of other customers. testimonials 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).

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

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. dotbig broker 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 factors such as financial, regulatory or political events.

  • Indian shares look set to open a tad higher on Tuesday, as investors react to the latest earnings results and await the outcome of a two-day policy meeting of the U.S.
  • By Peter Nurse – The U.S. dollar stabilized at lower levels in early European trading Tuesday as traders factored in a potentially less hawkish Federal Reserve,…
  • Will the Fed consider an ECI reading of 1.2% to be “uncomfortably higher”?
  • brings the freshest and most relevant financial market news.
  • Crude oil prices fell around 2% on Monday as lockdowns across China ramped up.

Australian shares have lifted moderately in afternoon trade, ahead of the the Reserve Bank’s latest interest rate decision. dotbig China’s manufacturing activity continued to shrink in October, albeit at a slower pace, as Covid-19 outbreaks and consequent tightening of prevention measures dampened production and demand.

Breaking News Legend

ASX rises cautiously ahead of Reserve Bank’s rate hike, Dow Jones posts biggest monthly surge in 47… 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. The Indonesia stock market has finished higher in two of three trading days since the end of the two-day slide in which it had slipped almost 10 points or 0.15 percent. The Jakarta Composite Index now rests just beneath the 7,100-point plateau although it’s expected to turn lower again on Tuesday.

GBP drifts higher, ISM manufacturing and JOLTS in focus

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… dotbig investments By Peter Nurse – The U.S. dollar edged lower in early European trading Wednesday, trading near a three-week low, as traders reacted to more U.S. economic weakness as… 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 Peter Nurse – 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… dotbig ltd By Ambar Warrick– Most Asian currencies retreated on Monday as weak Chinese economic data weighed on sentiment, while markets hunkered down ahead of a Federal…

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– 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… dotbig contacts 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… By Peter Nurse – The U.S. dollar weakened in early European trade Tuesday as traders weighed the likelihood that the Federal Reserve signals a less aggressive… Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE.

Higher US Treasury yields have coincided with declines by US stock markets. USD/JPY may continue to retrace the decline from the monthly high (151.94) as the Federal Reserve is expected to maintain its existing approach DotBig in combating inflation. EUR/USD is extending the rebound from weekly lows above 0.9900, helped by ECB Chief Lagarde’s comments. dotbig website The US dollar loses further ground amid a better risk profile and falling Treasury yields.

Central Bank Rates

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, …