Forex Market News
It has been a busy week for central banks, with the Bank of Japan rounding things off with an expected hold. The Federal Reserve will DotBig company announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3.
- In this week’s edition, we are getting technical on the USD/CNH, Gold and S&P 500.
- The U.S. dollar rose today pushing USD/JPY so high that it almost reached the 150 level.
- Will the Fed consider an ECI reading of 1.2% to be “uncomfortably higher”?
- The dollar found support from stronger-than-expected U.S. personal spending and consumer sentiment reports.
However, fundamental analysis is just as important in the modern trading world as technical analysis. News releases such as earnings reports and changes to interest rates and inflation can significantly impact https://addicongroup.com/ the markets. dotbig sign in Learn how to trade the news and spot potential trading opportunities within the financial markets. Forex, or the foreign exchange market, is the market where international currencies are traded.
Currencies are traded on major exchanges around the world, including the New York Stock Exchange , the London Stock Exchange , and the Tokyo Stock Exchange . dotbig company A manual alternative is to monitor upcoming tradeable events using our economic calendar. This feature can be found on our Next Generation platform and highlights events such as unemployment reports, GDP, CPI and PPI figures, as well as trade reports and sentiment surveys. These events can all have an effect on market sentiment and cause major price swings within the financial markets.
Register for a live account now to access our Morningstar reports. Our news and analysis section is updated daily with articles on the forex, share, treasury, commodity and index markets, DotBig overview written by our market analysts. 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.
BOC surprises markets and only hikes 50bps
It has been a busy week for the crypto market, with US economic indicators weighing. These two types of analysis may be more effective when used together, rather than solely relying on one for all trading decisions. dotbig testimonials A live account will give you access to Morningstar equity research reports and Reuters news headlines, which provide a wealth of information for all asset classes.. dotbig broker 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.
You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money. Our market calendar can be customised by date, market impact and country, so you can filter these to be more relevant for the asset or market that you are interested in trading. You can also set alerts for individual https://ngsup.com/dotbig-testimonials-from-real-traders-in-2022/ events that you wish to monitor. XAUUSD remains under pressure despite the US dollar index plunge and the stock market rally. The Forex Market Overview page provides a quick overview of today’s Forex and Currencies markets. The dollar moved higher on Monday’s sell-off in stocks, which boosted liquidity demand for the dollar.
Technical Tuesday: USD/CNH, GOLD and S&P 500
Another popular method is to use fundamental analysis, which looks at economic indicators to try to predict future currency movements. dotbig These currencies tend to attract capital during times of turmoil and see outflows when the financial markets settle down.
How to get started trading market news
This offers traders an opportunity to open positions at the very start of a new trend. Many traders try to identify trends in the hope of profit. dotbig contacts Such trends could range across minutes, days or even months.
Further, the company announced $2.5 billion share buyback, which is intended to be executed prior to announcing its fourth-quarter results. 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. Forex trading involves significant risk of loss and is not suitable for all investors. That’s why the best traders stay one step ahead of the action. With 30-year fixed rates sitting short of 7%, housing sector numbers could begin receiving Fed attention. The catalyst behind today’s anticipated weakness on the NASDAQ opening are dismal performances by Microsoft and Alphabet in pre-market trading. dotbig ltd The BoC raised the rate by just 50 bps as higher interest rates have started to put pressure on the economy.
Paying attention to when trading announcements are due can mean that you end up placing a carefully planned trade just before a major event happens, which instantly triggers your stop-loss. It may be more opportune to wait to open new positions after news events have taken place, and then see if the reason for the trade is still valid. dotbig.com Experts look forward to a rally in the Japanese yen, at least in the short term. Traders are well aware of what happened in the September meeting when the yen extended losses during Kuroda’s media briefing and sparked after the intervention. Final factory Purchasing Managers’ survey data from the UK is due on Tuesday, headlining a light day for the European economic news.
At 3.00 am ET, Destatis is scheduled to issue Germany’s import price data for September. Import price inflation is seen at 31.0 percent versus 32.7 percent in August. dotbig review European stocks are likely to open higher on Tuesday as the focus shifts to a two-day policy meeting of the U.S. Stocks rallied on Tuesday, with miners leading the surge amid reports that China is looking at ways to exit its zero-COVID policy. Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE. We’ve got a busy one ahead with three rate decisions and top-tier GDP data.
This happens because traders attempt to predict the results of future news announcements and so, in turn, the market responds by changing the price of an asset. News-based trading is especially useful for volatile markets, for example oil trading. dotbig website Stock trading based on news releases is a strategy used by many long-term investors, as well as short-term traders.
From time to time, however, economic announcements are very different from what the broader market was expecting, and this can cause an opposite market reaction. For example, if a central bank hints that rate cuts may be coming, but the currency still rises, there could be other factors in addition to the prospect of interest rate changes. If the currency does not drop on an expectation of a fall in interest rates, then positive sentiment is strong, and this could possibly indicate that it is now a buyer’s market. Our Morningstar equity research reports are updated regularly with new information about company fundamentals. These are available for a wide range of shares on our platform and can also indicate whether they are considered to be overvalued, fairly valued or undervalued within the stock market. This information may help traders to make a decision on whether to enter a position or not.
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