With not a lot of data on tap, traders could continue to trade the possibility of a Fed slowdown. We’re seeing downbeat data from Australia and China, Forex but can risk-taking continue to prop AUD/CHF higher? Gold trades marginally lower on Monday at around $1,784 as the USD recovers its poise.

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 DotBig company per 100K). We rely on reader support and your contribution will enable us to keep delivering quality content that’s open to everyone across the world.

Rouble weakens to 63 vs dollar as rate decision edges closer

The UK economy rebounded at a faster-than-expected pace in October with a strong contribution from the services activity, though economists and observers said the monthly figures mask the underlying recession. Later this week, the Bank of England is widely expected to shift the gear down on interest rate hikes. We introduce people to the world of trading currencies, both fiat and crypto, through our non-drowsy educational content https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work and tools. We’re also a community of traders that support each other on our daily trading journey. Goldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in a Monday research note. Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.

• Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
• The winter is coming, and risky markets expect a rally to come with it.
• Forex trading includes the buying, selling and exchanging of currencies for the currently determined prices, which are provided by forex brokers — the intermediaries that allow for the purchases of currency with additional transaction fees.
• Bitcoin forex trading is a new opportunity provided by some forex brokers that is gaining popularity among high-risk traders, due to the high volatility that provides the chance to gain a much larger profit than any fiat currency can provide.
• 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.

The US dollar has found some stability following hawkish comments from Fed members, which has seen a double top pattern form https://news7g.com/dotbig-is-a-universal-broker-for-newbies/ on EUR/USD’s daily chart. USD/CAD made a large move higher today, though it doesn’t seem like it was based on fundamentals.

Forex News and Market Analysis

If your alarm clock didn’t go off and you are late to the market, no worries ― a quick review of FX Leaders’ news will have you back on the competitive lead lap in no time. A crypto platform has been built using technology familiar to forex traders, potentially injecting new capital into the market. The CBN says the proposed central bank digital currency will offer parity of value and will operate as a non-interest-bearing DotBig broker CBDC. Get the latest news and insights straight from FXTM’s in-house market analysts. Our team explain the price movements of the global markets, giving you the in-depth knowledge you need to place your next trade with confidence. ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage. Every journey starts with a single step and this is true of trend reversals as well.

The U.S. dollar commenced the week on a strong note, with the dollar index rising 0.53% to 107.49, boosted by defensive buying as investors weighed in on a spike in COVID-19 cases in China. The brokerage is owned by Cedar LLC and based in St. Vincent and the Grenadines. Sentiment Hit By Rekindled Fed Hike BetsAsian shares were under attack on Tuesday, following the negative cues from Wall Street overnight as unexpectedly strong Forex US data revived expectations … The week will have the biggest event in the US political process over the last two years. We covered the most important news of this week in this report. You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money. But most trends reverse at some point, and a change in the underlying economics could be the first sign of this.