Forex and Currency News

Learn what currency pairs work best and how to execute the strategy yourself in our full guide. 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 sign in EUR/USD is extending gains above 0.9900, as buyers keep the reins in the European session. The pair draws support from the renewed weakness in the US dollar alongside the yields. Investors trade with caution ahead of the Fed rate hike decision.

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).

US Core PCE and ECI as expected. dotbig.com testimonials What does it mean for the FOMC next week?

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 website The euro area https://addicongroup.com/ manufacturing activity contracted for the fourth consecutive month in October signaling a recession, final survey results from S&P Global showed on Wednesday. The manufacturing Purchasing Managers’ Index declined to 46.4 in October from 48.4 in the previous month.

  • EUR/USD is extending gains above 0.9900, as buyers keep the reins in the European session.
  • The pair draws support from the renewed weakness in the US dollar alongside the yields.
  • Stocks were little changed in cautious trade on Wednesday as investors awaited the outcome of key meetings at the Federal Reserve and the Bank of England.
  • WTI arrests slide as it posts first month of gains since May.

Get expert reaction to latest market news and seize potential opportunities. By Leika Kihara and Yoshifumi Takemoto TOKYO – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out… Volatility for gbpnzd has been contracting over the past two weeks relative to volatility over the past month. Or to simplify this another way, note that out of the past 10 days nzdchf’s price has gone up 8 them. And in terms of interesting streaks, NZDCHF has experienced upwards move in 8 of the prior ten trading days.

Dogecoin – a guide dog for the crypto?

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 … dotbig company By Marc Jones and Alun John LONDON – Currency trading has hit a record $7.5 trillion-a-day, a comprehensive new study has shown, with the dollar retaining its global…

forex news

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… Keep track of the latest currency market moves as they develop. 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.

Yuan, Chinese stocks tumble as economic concerns grow

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%. Alternatively, EUR changing by -0.84%, making it the worst performer of the bunch. DotBig 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…

Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs. dotbig investments 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 review 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. 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.

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. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Forex news and analysis

French stocks rose notably on Wednesday, Eurozone bond yields struggled for direction and the dollar dipped as investors awaited the U.S. Stocks were little changed in cautious trade on Wednesday as investors awaited the outcome of key meetings at the Federal Reserve and the Bank of England. dotbig contacts Fusion Mediawould like to remind you that the data contained in this website is https://www.digitalconnectmag.com/review-of-dotbig-ltd-all-the-pros-and-cons-for-working-with-a-broker/ 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.

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… dotbig broker 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. dotbig Carry trades are most common in forex trading with traders borrowing the low interest Japanese yen to buy higher interest currencies.

Spain October manufacturing PMI 44.7 vs 47.5 expected

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. 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.

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