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Content Trading the news EURUSD

CAD/JPY has defied weaker oil prices, mostly thanks to a weaker yen and higher equity prices ahead of today’s inflation report. https://www.shoppingthoughts.com/dotbig-ltd-forex-broker-detailed-review/ Today’s release of the September CPI report increases the chances that the BOC will hike rates by 75bps next week.

forex news

This feature can be found on our Next Generation platform and highlights events such as unemployment reports, GDP, CPI and PPI figures, as well as trade reports and sentiment surveys. dotbig ltd These events can all have an effect on market sentiment and cause major price swings within the financial markets. On the supply side, news that suggests a lower supply can push up prices, while news that suggests higher supply can depress prices, which can then impact related currencies. News that could reflect changes in supply may cover political tensions, wars, terrorism, weather, economic sanctions, labour relations and more.

Trading the news

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 forex Experience award-winning platforms with fast, reliable execution and enjoy tight spreads on FX – as low as 0.2 for EUR/USD (with fixed $5 commissions per 100K). The British pound easily took the top spot this week as the massive uncertainty with the U.K.’s political and financial scene eased. dotbig investments Find the approximate amount of currency units to buy or sell so you can control your maximum risk per position. dotbig company Learn how to trade forex in a fun and easy-to-understand format. Gold fell to $1,633.37 at the beginning of the week as a dismal market mood fueled demand for the dollar.

Go in-depth and find forex, crypto and stocks chart patterns and trends. It has been a busy week for central banks, with the Bank of Japan rounding things off with an expected hold.

EURUSD price action keeps the sellers in control.

XAUUSD remains under pressure despite the US dollar index plunge and the stock market rally. The Forex Market Overview page provides a quick overview of today’s Forex and Currencies markets. dotbig.com testimonials The dollar moved higher on Monday’s sell-off in stocks, which boosted liquidity demand for the dollar. dotbig website Start the week of October 30, 2022 with our Forex forecast focusing on major currency pairs here.

  • These currencies tend to attract capital during times of turmoil and see outflows when the financial markets settle down.
  • Our gain and loss percentage calculator quickly tells you the percentage of your account balance that you have won or lost.
  • However, fundamental analysis​​ is just as important in the modern trading world as technical analysis.
  • Determine significant support and resistance levels with the help of pivot points.
  • Stock trading based on news releases is a strategy used by many long-term investors, as well as short-term traders.

Traders can perform company analysis before deciding whether to invest in a stock. This includes analysing its growth rate potential, as well as any potential legal, political https://www.thestreet.com/topics/stock/top-rated-equity-freight-logistics or insolvency risks. Financial ratios such as price/earnings along with dividend yields can also indicate whether a stock is a healthy investment right now.

FOREXLIVE™ may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. DotBig overview Bitcoin is correcting after touching the $20.8K area, but the price above previous local highs and the 50-day moving average.

Our goal is to provide traders with all the information and tools they need to trade successfully. dotbig testimonials Our team of professional traders has been testing Forex brokers DotBig LTD for over 12 years and has helped millions of traders find the right broker. dotbig Forex trading involves significant risk of loss and is not suitable for all investors.

Dow has its best percentage gain for a month going back to January 1976

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. A fiat currency is any monetary instrument backed by a national government. Learn how fiat currencies operate and how they compare to other types of money. 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. Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy.


The table below shows some of the main resource currencies and the commodities that affect them. These can be used by traders as a sort of forex news trading signal, as it can help to predict where the price of the currency is headed. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

The U.S. dollar rose today pushing USD/JPY so high that it almost reached the 150 level. We’ve got a busy one ahead with three rate decisions and top-tier GDP data. dotbig review While the euro climbed back above parity with the U.S. dollar yesterday, it didn’t last long.. King Charles will appoint Rishi Sunak as the new UK Prime Minister today. While the GBP/USD holds steadies, his policy intentions will be the key. Spending pressures from a rapidly ageing population are a key challenge for Finland’s public finances. But the country can count on a strong pension system and proactive welfare reform, which cushion risks.

Daily Forex News and Watchlist: EUR/USD

Inflation accelerated to a record 10.7 percent in October from 9.9 percent in the previous month, flash data from Eurostat showed Monday. European markets closed mostly higher on Monday with investors looking to pick up stocks despite weak data on inflation and GDP.

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.