The RBA used the last meeting of the year to hike interest rates by another 25bp – its eighth hike in as many meetings. USD/JPY is one of the more interesting pairs to watch in this data-light session, as it tests a key support level. Get expert reaction to latest market news and seize potential opportunities. 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). 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, but can risk-taking continue to prop AUD/CHF higher?
With the US CPI, FOMC, UK CPI, BOE, and other second tier data scattered throughout the week, GBP/USD could be extremely volatile. CHF was the big Forex news winner this week, while its usual “safe haven” buddy, JPY, fell to last place on speculation of potential policy shifts from the BOJ ahead.
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The best and worst performing stocks of 2021 It’s been a historic year for the stock market. Will the January effect add to the https://www.forextime.com/education/forex-trading-for-beginners stock market’s holiday euphoria? 2021 has rightfully earned its place as one of the best years for the global stock market.
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- By Yoruk Bahceli – Central banks are starting to slow aggressive rate rises but are far from done even as recession looms, leaving investors alert to risks that prolonged tightening could hurt the economy more than necessary.
- Also, mostly lower stocks Friday boosted liquidity demand for the dollar.
- Stocks are set to rise, paring losses from the previous week as investors lok ahead to inflation data and the Federal Reserve interest rate decision later in the week.
Get tight spreads, no hidden fees, access to 10,000+ instruments and more. You will have access to a demo account straight away to practise with virtual funds before depositing funds and placing live trades. Get tight spreads, no hidden fees and access to 10,000+ https://cryptogeek.info/en/blog/dotbig-broker instruments. Sign Up NowGet this delivered to your inbox, and more info about our products and services. The US dollar has found some stability following hawkish comments from Fed members, which has seen a double top pattern form on EUR/USD’s daily chart.
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Forex markets tend to respond the most to macroeconomic news – the kind of developments that reflect or impact broad economies. Generally speaking, forex traders can look at economic news to assess its impact on interest rates and monetary policy. News that suggests a more https://cryptogeek.info/en/blog/dotbig-broker hawkish central bank tends to push forex pairs up in value relative to other currencies, while dovish news can cause a currency to depreciate. Certain major economic announcements can bring additional volatility in the markets, even if it is for just a short period of time.