Trading News & Analysis for Forex, Commodities and Indices

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". The Study Group comprises members from the central banks and monetary authorities of Australia, China, Hong Kong SAR, India, Indonesia, Korea, … A Guide Retail sales is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies.

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… 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…

News / Hottest Stories

Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. dotbig.com testimonials By Georgina Lee and Samuel Shen HONG KONG/SHANGHAI – China’s digital yuan took the centre stage in the world’s largest cross-border central bank digital currency … 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…. 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… Today’s release of the September CPI report increases the chances that the BOC will hike rates by 75bps next week.

• USD/MXN Stuck in Horizontal Channel, Breakout Could Spark Next Big MoveThe USD/MXN has been trading inside a horizontal channel since the beginning of the month, but a powerful breakout could be just around the corner.
• Stocks reverse lower after upbeat jobs data and manufacturing data raises doubts over whether the Fed will tone down its aggressively hawkish stance.
• SHANGHAI/BEIJING -China’s foreign exchange regulator sent a survey to some banks late on Monday asking them about their positioning in the currency market, three sources…
• 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.
• 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.

The completeness, and timeliness of the articles posted here may vary and are not necessarily accurate at all times. The reader is solely responsible for his/her use of such information and trading news and the appropriateness DotBig review of the same to him/her. dotbig sign in 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.

Canada October S&P Global manufacturing PMI 48.8 vs 49.8 prior

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 https://www.thestreet.com/topics/stock/top-rated-equity-freight-logistics 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.

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… 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. dotbig testimonials None of the blogs or other sources of information is to be considered as constituting a track record. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice.

USD/MXN Stuck in Horizontal Channel, Breakout Could Spark Next Big MoveThe USD/MXN has been trading inside a horizontal channel since the beginning of the month, but a powerful breakout could be just around DotBig Ltd review the corner. Cardano shows an interesting situation that presents opportunities regardless of the breakout direction. dotbig forex If investors plan to trade ADA, they need a comprehensive understanding of the triggers.

Shares news and analysis

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… 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… 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,… Stay up-to-date on breaking forex news 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.

US open: Stocks fall ahead of FOMC later in the week

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 stabilized in early European trade Friday ahead of the release of key inflation data, while the Japanese yen edged lower after the… dotbig contacts MOSCOW -The rouble strengthened on Friday, hovering between https://www.europeanbusinessreview.com/forex-broker-dotbig-review-terms-of-cooperation/ 61 and 62 to the dollar and showing limited reaction to the central bank’s decision to leave interest rates… 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.

Altcoin Outpaces Bitcoin in growth

Both adjusted earnings and quarterly revenues topped analysts’ expectations. The company also raised its adjusted earnings and revenue guidance for the full-year 2022. Financial technology company Blucora, Inc. reported Tuesday a net loss for the third quarter that narrowed to $21.84 million or $0.46 per share from $27.80 million or $0.57 per share in the prior-year quarter. 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 investments 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.

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

Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy. Gold turned south in the second half of the day and fell below $1,650, retracing a large part of its daily rally. The benchmark 10-year US Treasury bond yield recovered back above 4% after the latest US data, making it difficult for XAU/USD to preserve its bullish momentum. The number of job openings increased to 10.7 million on the last business day of September, the U.S.

A report released by the Institute for Supply Management on Tuesday showed a slight increase in U.S. manufacturing activity in the month of October. dotbig company 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. 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.

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… 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… Asian equity markets traded higher, led by the rebound in Chinese tech stocks, with the Hang Seng index gaining more than 5%. Indian shares ended notably higher on Tuesday, bond yields dipped, and the U.S. dollar weakened in international markets as focus shifted to a two-day policy meeting of the Federal Reserve that gets underway later today. 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.