ForexNews World: News & Guide on Forex, Crypto, Finance & Live Charts

The broker proposes multiple different account types that fit the needs of other customers. Uptrend Center ReviewThe Uptrend Center is a brokerage with a web-based trading platform. The brokerage deals with CFDs and offers a minimum deposit of $250. dotbig review It has potent trading conditions wrapped in an accessible and easy-to-use bundle. dotbig investments 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).

  • 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…
  • Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate.
  • The Bank of Canada has raised rates by 50bps vs an expectation of 75bps.
  • It’s also their 7th hike this cycle, totalling 275bp from their 0.1% record low.
  • ASX rises cautiously ahead of Reserve Bank’s rate hike, Dow Jones posts biggest monthly surge in 47…
  • None of the blogs or other sources of information is to be considered as constituting a track record.

The Chinese Yuan fell almost 1% against the US Dollar as traders weigh new Covid lockdowns following downbeat PMI figures. The Hong Kong stock market has moved lower in consecutive trading days, stumbling more than 740 points or 5 percent in that span. The Hang Seng Index now sits just beneath the 14,690-point plateau and it’s tipped to open under pressure again on Tuesday. 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.

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 website In doing so, the central bank said that more rate hikes are yet to come.

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. Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE. 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 in combating inflation. dotbig It’s Halloween and, clichéd as it is, there is a lot for markets to be scared about. Let’s start off with the optimists, who, like Linus and his never-appearing Great Pumpkin, are …

Japan finance minister Suzuki says (again) closely watching FX moves with sense of urgency

Higher US Treasury yields have coincided with declines by US stock markets. dotbig broker USD/JPY remains under selling pressure below 148.50, as the US dollar is feeling the pull of gravity amid falling Treasury yields. The improvement in the market mood is weighing on the dollar amid Japanese verbal intervention. All breaking news is rated high , medium , or low depending on the how much it impacted the market.

Over the last 24 hours, ETH has managed to retrace and stay above a crucial support level, making way for another run-up. Gold price is seeing a tepid bounce, as the Fed meeting gets underway. Bulls are coming up for the last dance, snapping a three-day decline, as the upbeat market mood and position readjustments in the US dollar lend support to the bright metal. dotbig contacts Note that the content on this site should not be considered investment advice. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence.

South Korea Manufacturing PMI Improves To 48.2 In October – S&P Global

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… dotbig sign in It was an uneventful session for markets at the start of this week, although there was a decidedly risk off tone, stocks fell and the dollar surged, rising nearly 0.8%, with broad based decline in both the euro and GBP. 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 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. Carry trades are most common in forex trading with traders borrowing the low interest Japanese yen to buy higher interest currencies. dotbig forex Learn what currency pairs work best and how to execute the strategy yourself in our full guide.

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This website is free for you to use but we may receive commission from the companies we feature on this site. Australian shares have lifted moderately in afternoon trade, ahead of the the Reserve Bank’s latest interest rate decision. ASX rises cautiously ahead of Reserve Bank’s rate hike, Dow Jones posts biggest monthly surge in 47… The China stock market has finished lower in three straight sessions, retreating almost 110 points or 2.7 percent along the way. The Shanghai Composite Index now sits just above the 2,890-point and it’s likely to open in the red again on Tuesday.

Ontology Price Analysis: ONT Regains its Momentum Post the Bleak Period,…

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– Most Asian currencies retreated on Monday as weak Chinese economic data weighed on sentiment, while markets hunkered down ahead of a Federal… dotbig testimonials Stay up-to-date on breaking forex news as well as relevant financial developments. CAD/JPY has defied weaker oil prices, mostly thanks to a weaker yen and higher equity prices ahead of today’s inflation report. The #RBA hiked the overnight cash rate by 25bp to 2.85% – its highest levels since 2013. dotbig company It’s also their 7th hike this cycle, totalling 275bp from their 0.1% record low.

Japan’s Industry Minister asks households, firms to conserve electricity use during winter

Learn how fiat currencies operate and how they compare to other types of money. Indian shares opened on a positive note Tuesday despite mixed global cues. dotbig ltd 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 DotBig above previous local highs and the 50-day moving average.

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…