Forex Market News & FX Forecast

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 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 … Stay up-to-date on breaking 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. Note that the content on this site should not be considered investment advice.

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

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The Jakarta Composite Index now rests just beneath the 7,100-point plateau although it’s expected to turn lower again on Tuesday. Final factory Purchasing Managers’ survey data from the UK is due on Tuesday, headlining a light day for the European economic news. At 3.00 am ET, Destatis is scheduled to issue Germany’s import price data for September. dotbig sign in Import price inflation is seen at 31.0 percent versus 32.7 percent in August. 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. 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,…

People Protest Against Two School Model Education Proposal in Guernsey

MyForexNews.com brings the freshest and most relevant financial market news. We also provide educational materials and broker reviews for professional and aspiring traders to up their game. 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. None of the blogs or other sources of information is to be considered as constituting a track record. dotbig company Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

  • 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…
  • None of the blogs or other sources of information is to be considered as constituting a track record.
  • Final factory Purchasing Managers’ survey data from the UK is due on Tuesday, headlining a light day for the European economic news.
  • 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.
  • As with all such advisory services, past results are never a guarantee of future results.

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. 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.

Shares news and analysis

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 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… dotbig contacts Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE. 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. The information and news provided on MyForexNews.com 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.

forex news

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. EUR/USD is extending the rebound from weekly lows above 0.9900, helped by ECB Chief Lagarde’s comments. dotbig review The US dollar loses further ground amid a better risk profile and falling Treasury yields. All breaking news is rated high , medium , or low depending on the how much it impacted the market. 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.

China Caixin Manufacturing PMI October 49.2 (prior 48.

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

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

Market News

Chinese manufacturing business conditions deteriorated in October as COVID-19 containment measures weighed on both output and demand. Breaking news is defined as new information that has market-moving potential. Get expert reaction to latest market news and seize potential opportunities. Indian shares opened on a positive note Tuesday despite mixed global cues. Uptrend Center ReviewThe Uptrend Center is a brokerage with a web-based trading platform. It has potent trading conditions wrapped in an accessible and easy-to-use bundle.

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… Volatility https://newsindiaguru.com/dotbig-ltd-review-short-overview-of-the-financial-services-provider/ should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy. Higher US Treasury yields have coincided with declines by US stock markets.

Technical Analysis / Latest Stories

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. dotbig website The broker proposes multiple different account types that fit the needs of other customers. 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.

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 https://www.stgusa.com/ 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.