The Bank of Canada has raised

Our news and analysis section is updated daily with articles on the forex, share, treasury, commodity and index markets, written by our market analysts. dotbig review The Forex Market Map provide a quick visual view of the DotBig account foreign exchange markets and how they are performing on the day, as well as how they are performing versus other major currencies. The Bank of Canada has raised rates by 50bps vs an expectation of 75bps.

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Yesterday, the Bureau of Labor Statistics released a higher-than-expected Producer Price Index with 0.2% m/m growth in September, meaning producers are still raising prices for goods and services. 79% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

Retail Forex

Unless you’re already a member and enjoying our service, then just sign in. Sign Up NowGet this delivered to your inbox, and more info about our products and services. dotbig ltd 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.

Generally speaking, forex traders can look at economic news to assess its impact on interest rates and monetary policy​. News that suggests a more hawkish central bank tends to push forex pairs up in value relative to other currencies, while dovish news can cause a currency to depreciate.

After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Bank of Canada Preview: Will the BOC hike rates by 75bps?

Every journey starts with a single step and this is true of trend reversals as well. An economic announcement is rarely enough to quickly change a medium-term trend, but how the market reacts to surprises can give the first clue that sentiment is starting to shift. This offers traders an opportunity to open positions at the very start of a new trend.

  • Get expert reaction to latest market news and seize potential opportunities.
  • After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike.
  • This information may help traders to make a decision on whether to enter a position or not.
  • The US Federal Reserve is widely expected to hike its benchmark rates by another 75 basis points yet again in the new month.
  • News that could reflect changes in supply may cover political tensions, wars, terrorism, weather, economic sanctions, labour relations and more.

Mortgage rates returned to 7% for the first time in more than 20 years. This week, US stats and the FED will dictate the direction of rates. You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money. dotbig Cathie Wood has said the significant appreciation in the dollar led by the ongoing aggressive policy of the U.S.

US Mortgage Rates Hit 7% for the First Time Since 2002 to Test the Fed

Barchart is committed to ensuring digital accessibility for individuals with disabilities. dotbig website We are continuously working to improve our web experience, and encourage users to Contact Us for feedback and accommodation requests. In order to allow us to keep developing Myfxbook, please whitelist the site in your ad blocker settings. Indian shares opened on a positive note Tuesday despite mixed global cues. 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 US Federal Reserve is widely expected to hike its benchmark rates by another 75 basis points yet again in the new month. dotbig contacts It has been a busy week for central banks, with the Bank of Japan rounding things off with an expected hold. ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage. Experts look forward to a rally in the Japanese yen, at least in the short term. dotbig investments Traders are well aware of what happened in the September meeting when the yen extended losses during Kuroda’s media briefing and sparked after the intervention. Final factory Purchasing Managers’ survey data from the UK is due on Tuesday, headlining a light day for the European economic news. At 3.00 am ET, Destatis is scheduled to issue Germany’s import price data for September.

How to get started trading market news

Changes to non-farm payrolls​​, GDP or inflation data will have a resulting effect on the market. For example, low unemployment suggests a strong economy, so many would expect the stock market to rise. A decision to lower interest rates could make a country’s currency less attractive, causing it to fall against other world currencies. dotbig broker Some brokers offer automated news trading signals that can help a trader to make decisions on whether to enter, exit or avoid a trade.


If you already have an account please use the link below to sign in. Spending pressures from a rapidly ageing population are a key challenge for Finland’s public finances. dotbig testimonials But the country can count on a strong pension system and proactive welfare reform, which cushion risks. We give calls from Monday to Friday in suggested intervals. In case we couldn’t get through, we will try again at the same time the next day. Every week we expect many interesting events that can shake the market. For more information, see the developer’s privacy policy.

Sometimes news is already factored into the assets price. This happens because traders attempt to predict the results of future news announcements and so, in turn, the market responds by changing the price of an asset. dotbig company News-based trading is especially useful for volatile markets, for example oil trading.

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