My Forex News: Forex, Cryptocurrency & Economic News

The Bank of Canada has raised rates by 50bps vs an expectation of 75bps. DotBig company In doing so, the central bank said that more rate hikes are yet to come.

  • We are leading source for latest news on cryptocurrency along with technical analysis on the foreign currency, commodities and trading strategies.
  • TOKYO – Japanese Prime Minister Fumio Kishida said on Friday the government is ready to take appropriate action against excessive volatility in the currency market.
  • Carry trades are most common in forex trading with traders borrowing the low interest Japanese yen to buy higher interest currencies.
  • 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…
  • This is why I happened to notice something this past Sunday afternoon while watching the Buffalo Bills play the Kansas City Chiefs, specifically the two starting …

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… Today’s release of the September CPI report increases the chances that the BOC will hike rates by https://www.buzrush.com/dotbig-forex-broker-review-interesting-facts/ 75bps next week. 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.

Bitcoin is correcting after touching the $20.8K area, but the price above previous local highs and the 50-day moving average. dotbig ltd 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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Poor Eurozone growth and record inflation in the Union weighed on the shared currency as market players gear up for another central banks’ week. US Federal Reserve to announce the monetary policy decision on Wednesday. The arrival of the new UK Prime Minister Rishi Sunak has given a sense of stability to the local financial markets after he announced the abandonment of the expansionary fiscal policy https://www.buzrush.com/dotbig-forex-broker-review-interesting-facts/ suggested by his predecessor Liz Truss. dotbig However, the outlook for the GBP/USD remains bleak as investors await the FOMC and BOE monetary policy decision this week. dotbig investments After swinging between gains and losses, the Canadian market ended on a weak note on Monday, as the mood was quite cautious with investors looking ahead to the Federal Reserve’s monetary policy announcement, due later in the week.

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

AUD/USD sub-0.6400 ahead of RBA’s announcement

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. The Switzerland stock market ended on a firm note on Monday, tracking gains in other markets in Europe, despite worries about rising inflation and looming rate hikes. 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.

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After the ECB and BOJ meetings last week, the focus has shifted back to the US where FOMC meeting concludes in the middle of the … dotbig review A fiat currency is any monetary instrument backed by a national government. Learn how fiat currencies operate and how they compare to other types of money. Canadian shares are likely to open with a negative bias on Monday, weighed down by lower commodity prices. FinancialCentre ReviewFinancialCentre is an experienced broker that deals with many asset types and classes.

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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,… dotbig forex 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 contacts By Peter Nurse Investing.com – 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… By Peter Nurse Investing.com – 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… 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… CAD/JPY has defied weaker oil prices, mostly thanks to a weaker yen and higher equity prices ahead of today’s inflation report. 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).

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

The Reserve Bank of Australia will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The RBA is expected to hike its benchmark lending rate by 25 basis points, to 2.85 percent from 2.60 percent. dotbig sign in BNB is on the move on Monday, oblivious to the upcoming Fed’s meeting on November 2. A 0.75% interest rate hike could mean pressure http://www.logisticsinc.com/ mounting on the crypto market as investors keep their hands-off riskier assets. A Guide Retail sales is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies. Learn more about retail sales and how to trade this key economic data. dotbig company Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate.

Week Ahead: More Central Banks, CPI, NFP and earnings

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 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… 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…

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. Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE. The Chicago Business Barometer, also known as the Chicago PMI, dropped to 45.2 in October from 45.7 in the prior month, according to data released Monday.

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… dotbig.com testimonials Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy. dotbig website The dollar firmed on Monday after strong consumer spending data pointed to persistent underlying inflation pressure, cooling bets that the US Federal Reserve could flag a slowdown … All breaking news is rated high , medium , or low depending on the how much it impacted the market. 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. The reader is solely responsible for his/her use of such information and trading news and the appropriateness of the same to him/her.