Global Trading News and Market Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Today’s release of the September CPI report increases the chances that the BOC will hike rates by 75bps next week. dotbig.com The euro area DotBig LTD manufacturing activity contracted for the fourth consecutive month in October signaling a recession, final survey results from S&P Global showed on Wednesday. dotbig review The manufacturing Purchasing Managers’ Index declined to 46.4 in October from 48.4 in the previous month.

• US stocks erased strong morning gains and finished lower after better-than-expected US economic data triggered a jump in yields ahead of the Fed’s monetary policy decision on Wednesday.
• By Ambar Warrick Investing.com– Most Asian currencies moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while…
• Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE.
• German stocks rose on Wednesday to extend gains from the previous session as investors braced for the Federal Reserve’s interest-rate decision later in the day.

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… 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 that the Federal Reserve signals a less aggressive… Or to simplify this another way, note that out of the past 10 days nzdusd’s price has gone up 6 them. dotbig contacts For more forex news beyond what is offered on CFDTrading, check out Forex Factory, FX Empire, and ForexLive.

NZD/CAD Down 14 Pips On Hourly Chart, Makes Big Move Relative to Past Month; 2 Day Up Streak Snapped

The chart below summarizes the price news by currency, showing which currency strengthened vs which weakened when equally averaged against other currencies. We see that JPY was the big outperformer, changing by 0.55%. dotbig broker Alternatively, EUR changing by -0.84%, making it the worst performer of the bunch. Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy. 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…

The pairs that made the biggest moves, on a percentage basis, over the past day were CADJPY, EURJPY, and EURTRY. Note that USDHKD, NZDCAD and ZARJPY made especially large and surprising moves over the past day. 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).

There’s a lot at stake for the Fed today

TOKYO – Japanese Prime Minister Fumio Kishida said on Friday the government is ready to take appropriate action against excessive volatility in the currency market. 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 testimonials Keep track of the latest currency market moves as they develop. dotbig ltd Stay up-to-date on breaking forex news as well as relevant financial developments. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.

The Japanese yen appreciated against its major counterparts in the European session on Wednesday, as investors weighed the likelihood of a pivot by the U.S. BRASILIA – Brazil’s central bank on Thursday said it would hold auctions starting on Friday to roll over $15.1 billion in traditional currency swaps maturing on Dec…. dotbig.com testimonials 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…

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… 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. 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. dotbig website 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 on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.

DAX Extends Gains Ahead Of Fed Decision

Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs. 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. dotbig sign in 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 https://www.digitalconnectmag.com/review-of-dotbig-ltd-all-the-pros-and-cons-for-working-with-a-broker/ 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. dotbig This website is free for you to use but we may receive commission from the companies we feature on this site. 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.

By Hari Kishan BENGALURU – The dollar’s retreat in foreign exchange markets is temporary, according to a Reuters poll of currency strategists, who said the greenback… https://www.thestreet.com/topics/stock/top-rated-equity-freight-logistics 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.

Canadian inflation higher than expected. Should the BOC be concerned?

German stocks rose on Wednesday to extend gains from the previous session as investors braced for the Federal Reserve’s interest-rate decision later in the day. 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… dotbig company By Peter DotBig company 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… By Ambar Warrick Investing.com– Most Asian currencies moved little on Tuesday as markets hunkered down ahead of several major central bank meetings this week, while the…

Gold clings to gains around $1,650 ahead of critical Fed decision

ANKARA – Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting forex transactions with foreign banks during "off hours" and… MOSCOW – The rouble edged lower against the dollar, euro and yuan on Tuesday, as the Russian currency began trading without the support of a favourable month-end tax… In the preceding hour, NZDCAD has been an especially big mover in the forex market, rallying 17 pips (0.22%). Intraday trend traders may wish to note that GBPCAD has the strongest trend on the hourly timeframe over the last 20 price bars. Finally, it’s worth noting that NZDCAD has crossed its 20 hour moving average. A carry trade is a trading strategy that involves borrowing a low-yield currency and investing in a high-yielding asset to exploit the interest rate differential. Carry trades are most common in forex trading with traders borrowing the low interest Japanese yen to buy higher interest currencies.

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 forex 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 Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar slid against major currencies on Tuesday, on some expectation that the Federal Reserve will signal a slower pace… By Ambar Warrick Investing.com– Most Asian currencies moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while… By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Wednesday, with traders cautious ahead of the conclusion of a crucial Federal Reserve meeting. Relative to other instruments in the forex asset class, nzdjpy ranked 15th the previous day in terms of percentage price change. Below is a list of currency pairs that crossed key moving average levels over the past day.