Forex Market News & FX Forecast

Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE. 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. Higher US Treasury yields have coincided with declines by US stock markets. The Euro is biding time ahead of Wednesday’s Fed decision and remains stuck below 1.000 after a brief foray higher at the end of last week.

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

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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 https://tipsmake.com/overview-of-the-international-online-broker-dotbig for all investors. dotbig Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

  • The company also raised its adjusted earnings and revenue guidance for the full-year 2022.
  • 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.
  • Whilst GBP as under pressure from talk of tax hikes, GBP/USD remains above a key support level ahead of today’s ISM and JOLTS job opening reports.
  • We are leading source for latest news on cryptocurrency along with technical analysis on the foreign currency, commodities and trading strategies.

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. 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. Sysco Corp. reported Tuesday net earnings for the first quarter that increased to $465.57 million or $0.91 per share from $378.01 million or $0.73 per share in the prior-year quarter. 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… dotbig contacts 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…

The number of hires edged down to 6.1 million, while total separations decreased to 5.7 million. Within separations, quits (4.1 million) changed little and layoffs and discharges (1.3 DotBig broker million) edged down. dotbig ltd Breaking news is defined as new information that has market-moving potential. Get expert reaction to latest market news and seize potential opportunities.

US open: Stocks reverse after stronger doubt raises doubts over the Fed

By Leika Kihara and Yoshifumi Takemoto TOKYO – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out… DotBig overview 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 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 to stop or at least pause the currency’s fast depreciation. Cardano shows an interesting situation that presents opportunities regardless of the breakout direction. If investors https://tipsmake.com/overview-of-the-international-online-broker-dotbig plan to trade ADA, they need a comprehensive understanding of the triggers. Gold turned south in the second half of the day and fell below $1,650, retracing a large part of its daily rally. dotbig website The benchmark 10-year US Treasury bond yield recovered back above 4% after the latest US data, making it difficult for XAU/USD to preserve its bullish momentum. The number of job openings increased to 10.7 million on the last business day of September, the U.S.

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. dotbig forex 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.

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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 … 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… dotbig.com testimonials SoFi Technologies stock jetted ahead in Tuesday’s premarket after the neo bank reported the bare minimum of an earnings beat.

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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. This website is free for you to use but we may receive commission from the companies we feature on this site. dotbig investments All breaking news is rated high , medium , or low depending on the how much it impacted the market. 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. dotbig.com Pfizer Inc. reported a profit for the third quarter that increased six percent from last year, reflecting higher benefit from tax resolutions for multiple years, despite a 6 percent decline in revenues.

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Also, the Fed’s favorite measure of inflation is back up to levels not seen since March.

Truss out as UK Prime Minister. What’s next for GBP/USD?

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… 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, … Asian equity markets traded higher, led by the rebound in Chinese tech stocks, with https://www.thestreet.com/topics/stock/top-rated-equity-freight-logistics the Hang Seng index gaining more than 5%. 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, … While reporting financial results for the third quarter on Tuesday, Zebra Technologies Corp. provided its adjusted earnings and adjusted net sales growth guidance for the fourth quarter, well below analysts’ estimates.

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Stocks reverse lower after upbeat jobs data and manufacturing data raises doubts over whether the Fed will tone down its aggressively hawkish stance. Bitcoin is correcting after touching the $20.8K area, but the price above previous local highs and the 50-day moving average. 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. dotbig testimonials Will the Fed consider an ECI reading of 1.2% to be “uncomfortably higher”?