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

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.com Australian shares have lifted moderately in afternoon trade, ahead of the the Reserve Bank’s latest interest rate decision.

The Thai stock market has moved higher in three straight sessions, gathering almost a dozen points or 0.8 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,610-point plateau although it may run out of steam on Tuesday. dotbig broker China’s manufacturing activity continued to shrink in October, albeit at a slower pace, as Covid-19 outbreaks and consequent tightening of prevention measures dampened production and demand. The Caixin manufacturing Purchasing Managers’ Index rose to 49.2 in October from 48.1 in the previous month, data from S&P Global showed on Tuesday. 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… 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… dotbig review 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…

Trick or treat? Central banks leave markets on tenterhooks

The manufacturing sector in Taiwan continued to contract in October, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a 13-year low manufacturing PMI score of 41.5. 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. 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.

• The Chinese Yuan fell almost 1% against the US Dollar as traders weigh new Covid lockdowns following downbeat PMI figures.
• However, the outlook for the GBP/USD remains bleak as investors await the FOMC and BOE monetary policy decision this week.
• We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
• Learn how fiat currencies operate and how they compare to other types of money.
• Learn more about retail sales and how to trade this key economic data.
• 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.

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Market News

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. 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. 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. dotbig investments 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. Breaking news is defined as new information that has market-moving potential.

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

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. Some positive domestic earnings news also aided market sentiment. 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 suggested by https://kellerlogistics.com/ his predecessor Liz Truss. dotbig company However, the outlook for the GBP/USD remains bleak as investors await the FOMC and BOE monetary policy decision this week. MyForexNews.com brings the freshest and most relevant financial market news. From stocks to forex, commodities to the economy—we got you covered! We also provide educational materials and broker reviews for professional and aspiring traders to up their game.

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€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, … The Hong Kong stock market has moved lower in consecutive trading days, stumbling more than 740 points or 5 percent in that span.

If bullish momentum seeps into the markets, there is a good chance the next upswing for SHIB will be explosive. dotbig forex Gold price bounces off five-week-old support line amid pullback in DXY, yields. Mixed concerns over Fed, https://howandwow.info/dotbig/ sluggish session allow XAU/USD traders to brace for FOMC. dotbig testimonials Upbeat performance of Chinese equities adds strength to the recovery moves. Note that the content on this site should not be considered investment advice.

Awaiting Breakout on USD/MXN

The Bank of Canada has raised rates by 50bps vs an expectation of 75bps. In doing so, the central bank said that more rate hikes are yet to come. ForexNews.World delivers real time updated forex news and market research. dotbig sign in We are leading source for latest news on cryptocurrency along with technical analysis on the foreign currency, commodities and trading strategies.

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… Volatility 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. ASX rises cautiously ahead of Reserve Bank’s rate hike, Dow Jones posts biggest monthly surge in 47… All breaking news is rated high , medium , or low depending on the how much it impacted the market. The manufacturing sector in Malaysia continued to contract in October, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 48.7.

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. 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. dotbig ltd FinancialCentre ReviewFinancialCentre is an experienced broker that deals with many asset types and classes. The broker proposes multiple different account types that fit the needs of other customers.