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… By Leika Kihara and Yoshifumi Takemoto TOKYO – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out… 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…
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 testimonials The Study Group comprises members from the central banks and monetary authorities of Australia, China, Hong Kong SAR, India, Indonesia, Korea, … 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… MOSCOW -The rouble strengthened on Friday, hovering between 61 and 62 to the dollar and showing limited reaction to the central bank’s decision to leave interest rates…
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… Bitcoin is correcting after touching the $20.8K area, but the price above previous local highs and the 50-day moving average. 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.
US open: Stocks reverse after stronger doubt raises doubts over the Fed
XAUUSD holds on to modest intraday gains, barely resting above a Fibonacci support level. Upbeat US employment and manufacturing figures boosted the greenback. dotbig ltd 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.
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. dotbig forex 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. By John McCrank NEW YORK – The U.S. dollar sank more than 1% against a basket of peers on Wednesday as weakening economic data firmed views that the Federal Reserve will… 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… dotbig.com BENGALURU – The Reserve Bank of India will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on Nov. 1, it said on Monday,… CAD/JPY has defied weaker oil prices, mostly thanks to a weaker yen and higher equity prices ahead of today’s inflation report.
News & Analysis
Get expert reaction to latest market news and seize potential opportunities. Stocks reverse lower after upbeat jobs data and manufacturing data raises doubts over whether the Fed will tone down its aggressively hawkish stance.
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 After opening with a strong positive gap, the Canadian market climbed further up Tuesday morning, and remains firmly placed well above the flat line despite paring some of its early gains. 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 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…
- With the RBA only hiking rates by 25bps at each of the last two meetings, the RBNZ is the more hawkish of the two central banks.
- 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".
- 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.
- All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
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.
Weekly currency forecast
Today’s release of the September CPI report increases the chances that the BOC will hike rates by 75bps next week. SoFi Technologies stock jetted ahead in Tuesday’s premarket after the neo bank reported the bare minimum of an earnings beat. CME Group, the world’s leading derivatives marketplace, today https://www.stgusa.com/ 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, …
“Less Hawkish” RBA weighs on AUD/NZD
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,… 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 stabilized in early European trade Friday ahead of the release of key inflation data, while the Japanese yen edged lower after the… Asian equity markets traded higher, led by the rebound in Chinese tech stocks, with the Hang Seng index gaining more than 5%. 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.
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… By Peter Nurse Investing.com – The U.S. dollar weakened in early European trade Tuesday as traders weighed the likelihood https://gulfinside.com/forex-broker-dotbig-ltd-an-overview-of-the-online-platform/ that the Federal Reserve signals a less aggressive… dotbig company Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE. 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.
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. Both adjusted earnings and quarterly revenues topped analysts’ expectations. DotBig review The company also raised its adjusted earnings and revenue guidance for the full-year 2022. 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…