Forex Market News & FX Forecast

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 broker The Study Group comprises members from the central banks and monetary authorities of Australia, China, Hong Kong SAR, India, Indonesia, Korea, … 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.

• The benchmark 10-year US Treasury bond yield is down more than 2% on the day below 4%, fueling XAU/USD’s rally.
• By Leika Kihara and Yoshifumi Takemoto TOKYO – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out…
• Australian shares have lifted moderately in afternoon trade, ahead of the the Reserve Bank’s latest interest rate decision.
• 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…
• 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…

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. 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 for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

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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. dotbig ltd 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. 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.

Traders await inventory data from the EIA ahead of major macro data, including the FOMC rate decision and the US jobs report. dotbig.com French stocks rose sharply on Tuesday and bond yields declined as markets held out hopes that the U.S. Federal Reserve will soften its hawkish stance after delivering a widely expected 75-bps rate hike on Wednesday. A Guide Retail sales is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies.

By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Monday at the start of a pivotal week which includes several central bank policy-setting… Asian equity markets traded higher, led by the rebound in Chinese tech stocks, with the Hang Seng index gaining more than 5%. The Reserve Bank of Australia raised interest rates by 25bp to 2.85%, as expected.

Commitment of traders report (COT): Bullish euro bets hit 15-month high

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 testimonials SHANGHAI/BEIJING – Major Chinese state-owned banks sold U.S. dollars in both onshore and DotBig overview 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…

UPS said Tuesday it plans to hire at least 60,000 of the 100,000+ seasonal employees it needs for the holiday season in one weekend. UPS Brown Friday begins Nov. 4, with more than 450 in-person and virtual events scheduled across the country. dotbig.com testimonials 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.

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.

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

The NZD is the strongest and the USD is the weakest as the NA session begins

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. The broker proposes multiple different account types that fit the needs of other customers. dotbig sign in Uptrend Center ReviewThe Uptrend Center is a brokerage with a web-based trading platform. It has potent trading conditions https://letmethink.in/why-dotbig-is-a-universal-broker/ wrapped in an accessible and easy-to-use bundle. 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.

Carry trades are most common in forex trading with traders borrowing the low interest Japanese yen to buy higher interest currencies. Learn what currency pairs work best and how to execute the strategy yourself in our full guide. dotbig review 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 https://letmethink.in/why-dotbig-is-a-universal-broker/ on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. dotbig company 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 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. Australian shares have lifted moderately in afternoon trade, ahead of the the Reserve Bank’s latest interest rate decision. dotbig contacts All breaking news is rated high , medium , or low depending on the how much it https://kempton-park.infoisinfo.co.za/search/logistics impacted the market. Stocks rallied on Tuesday, with miners leading the surge amid reports that China is looking at ways to exit its zero-COVID policy. 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 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. 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 forex Higher US Treasury yields have coincided with declines by US stock markets. Cardano shows an interesting situation that presents opportunities regardless of the breakout direction.