Forex News

CAD/JPY has defied weaker oil prices, mostly thanks to a weaker yen and higher equity prices ahead of today’s inflation report. Today’s release of the September CPI report increases the chances that the BOC will hike rates by 75bps next week. A report released by the Institute for Supply Management on Tuesday showed a slight increase in U.S. manufacturing activity in the month of October. dotbig.com testimonials The ISM said its manufacturing PMI edged down to 50.2 in October from 50.9 in September, but a reading above 50 still indicates growth in the sector. Construction spending in the U.S. unexpectedly showed a modest increase in the month of October, according to a report released by the Commerce Department on Tuesday. The report said construction spending inched up by 0.2 percent to an annual rate of $1.811 trillion in September after falling by 0.6 percent to a revised rate of $1.807 trillion 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,… dotbig review SHANGHAI/BEIJING – Major Chinese state-owned banks sold U.S. dollars in both onshore and DotBig company offshore markets in late trade on Tuesday to prop up the weakening yuan, two… 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…

In doing so, the central bank said that more rate hikes are yet to come. dotbig broker Leveraged trading in foreign currency or off-exchange products on margin carries significant DotBig company 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.

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. It has potent trading conditions wrapped in an accessible and easy-to-use bundle. 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.com 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).

BP Posts RC Profit In Q3, Underlying RC Profit Beats View; Lifts FY22 Production Forecast

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. dotbig website 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 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…

• Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
• In doing so, the central bank said that more rate hikes are yet to come.
• We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
• MyForexNews.com brings the freshest and most relevant financial market news.
• Will the Fed consider an ECI reading of 1.2% to be “uncomfortably higher”?

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. dotbig If investors 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. 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.

Mastercard and Ripple’s Xpring Ally With the Industry Group to Foster Blockchain Education

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. dotbig sign in 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. British energy major BP Plc reported Tuesday a replacement cost or RC profit in its third quarter, compared to a loss last year, on strong growth in sales revenue. Further, the company announced $2.5 billion share buyback, which is intended to be executed prior to announcing its fourth-quarter results. dotbig company Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. By Peter Nurse Investing.com – The US dollar stabilized in early European trading Thursday, after overnight losses, while the euro pushed above parity ahead of an expected jumbo… 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…

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… 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… https://www.thestreet.com/topics/stock/top-rated-equity-freight-logistics TOKYO – Japanese Prime Minister Fumio Kishida said on Friday the government is ready to take appropriate action against excessive volatility in the currency market. dotbig testimonials 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…

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

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 https://tipsmake.com/overview-of-the-international-online-broker-dotbig 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”?

Currency pair of the week: GBP/USD

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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. All breaking news is rated high , medium , or low depending on the how much it impacted the market. dotbig investments 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. 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.

GBP/USD, USD/CAD & S&P 500 Technical Setups

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 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". dotbig forex 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.