Trading News & Analysis For Forex, Commodities And Indices

SoFi Technologies stock jetted ahead in Tuesday’s premarket after the neo bank reported the bare minimum of an earnings beat. All breaking news is rated high , medium , or low depending on the how much it impacted the market. The information and news provided on MyForexNews.com are solely Forex for reference purposes only. 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 of the same to him/her.

  • The Reserve Bank of Australia raised interest rates by 25bp to 2.85%, as expected.
  • A Guide Retail sales is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies.
  • By Peter Nurse Investing.com – The U.S. dollar weakened in early European trade Tuesday as traders weighed the likelihood that the Federal Reserve signals a less aggressive…
  • 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.

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 DotBig a guarantee of future results. MyForexNews.com brings the freshest and most relevant financial market news. We also provide educational materials and broker reviews for professional and aspiring traders to up their game. Crude oil prices fell around 2% on Monday as lockdowns across China ramped up. Traders await inventory data from the EIA ahead of major macro data, including the FOMC rate decision and the US jobs report.

Forex Industry News

Bitcoin is correcting after touching the $20.8K area, but the price above previous local highs and the 50-day moving average. Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE. Breaking news is defined https://www.tdameritrade.com/investment-products/forex-trading.html as new information that has market-moving potential. 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.

forex news

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… By John McCrank NEW YORK – The euro dropped more than 1% on Thursday, falling back https://coinpedia.org/forex-trading/dotbig-forex-broker-review/ below parity with the dollar, after the European Central Bank raised interest… By Tetsushi Kajimoto TOKYO -Japan spent a record $42.8 billion on currency intervention in October to prop up the yen, the finance ministry said, with investors keen for…

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For the latest stories on specific currency pairs, try the articles below. The pairs that made the biggest moves, on a percentage basis, over the Forex news past day were CADJPY, EURJPY, and EURTRY. Note that USDHKD, NZDCAD and ZARJPY made especially large and surprising moves over the past day.

forex news

Pfizer Inc. reported a profit for the third quarter that increased six percent from last year, reflecting higher benefit from tax resolutions for multiple years, despite a 6 percent decline in revenues. Both adjusted earnings and quarterly revenues topped analysts’ expectations. The company also raised its adjusted earnings and revenue guidance for the full-year 2022. In this DotBig.com week’s edition, we are getting technical on the USD/CNH, Gold and S&P 500. 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. Gold has preserved its bullish momentum and climbed to a fresh daily high above $1,650 heading into the American session on Tuesday.

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