Global Trading News and Market Analysis

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… dotbig ltd 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.

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. dotbig website ForexNews.World delivers real time updated forex news and market research. We are leading source for latest news on cryptocurrency along with technical analysis on the foreign currency, commodities and trading strategies.

China Caixin Manufacturing PMI October 49.2 (prior 48.

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. dotbig 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.

• Will the Fed consider an ECI reading of 1.2% to be “uncomfortably higher”?
• The completeness, and timeliness of the articles posted here may vary and are not necessarily accurate at all times.
• Shiba Inu price continues to hover above a stable support level, indicating that the recent rally was no fluke.
• 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).
• ForexNews.World delivers real time updated forex news and market research.

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

Altcoin Outpaces Bitcoin in growth

The Hang Seng Index now sits just beneath the 14,690-point plateau and it’s tipped to open under pressure again on Tuesday. dotbig forex The Australian dollar retreated against its major counterparts in the Asian session on Tuesday, after the Reserve Bank of Australia raised interest rate by a modest 25 basis point for the second straight meeting. Price Action Support DotBig company 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. 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…

Stay up-to-date on breaking as well as relevant financial developments. CAD/JPY has defied weaker oil prices, mostly thanks to a weaker yen and higher equity prices ahead of today’s inflation report. CME Group, the world’s leading derivatives marketplace, today announced the first day of trading of a new suite of overnight index futures based on the Euro Short-Term Rate (€STR).

Truss out as UK Prime Minister. dotbig testimonials What’s next for GBP/USD?

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Forex-Dollar Dips Further as Fed Doubts Resurface

€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.

The Indonesia stock market has finished higher in two of three trading days since the end of the two-day slide in which it had slipped almost 10 points or 0.15 percent. dotbig sign in The Jakarta Composite Index now rests just beneath the 7,100-point plateau although it’s expected to turn lower again on Tuesday. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. 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.

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 review 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… 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…

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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… dotbig company 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 https://howandwow.info/dotbig/ 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.com 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.

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.

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 his predecessor Liz Truss. 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.