Our news and analysis section is updated daily with articles on the forex, share, treasury, commodity and index markets, written by our market analysts. Australia’s central bank raised its benchmark interest rate on Tuesday, for a second consecutive meeting and repeated the guidance that rates will be lifted further based on incoming data. dotbig review The policy board of the Reserve Bank of Australia, headed by Governor Philip Lowe, decided to lift the cash rate target by 25 basis points to 2.85 percent, the highest since 2013. Some brokers offer automated news trading signals that can help a trader to make decisions on whether to enter, exit or avoid a trade.

News that could reflect changes in supply may cover political tensions, wars, terrorism, weather, economic sanctions, labour relations and more. Speculation and pricing related to demand is mainly influenced by many of the same major news releases noted above, plus commodity inventory reports and outlooks. Currencies of countries that are major exporters of raw materials or commodities can be impacted by news forex trading news, as this affects the prices of the main commodities that they produce. These currencies are often referred to as resource currencies.

Market News

It has been a busy week for central banks, with the Bank of Japan rounding things off with an expected hold. Trading in index futures suggests a markedly higher opening by Wall Street stocks on Monday, as traders look ahead to the unfolding third-quarter reporting season with optimism. dotbig website British energy major BP Plc reported Tuesday a replacement cost or RC profit in its third quarter, compared to a loss last year, on strong growth in sales revenue. Further, the company announced $2.5 billion share buyback, which is intended to be executed prior to announcing its fourth-quarter results. dotbig The Forex Market Map provide a quick visual view of the foreign exchange markets and how they are performing on the day, as well as how they are performing versus other major currencies. Whilst GBP as under pressure from talk of tax hikes, GBP/USD remains above a key support level ahead of today’s ISM and JOLTS job opening reports. We introduce people to the world of trading currencies, both fiat and crypto, through our non-drowsy educational content and tools.

• 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.
• A news trading strategy involves trading based on market expectations, both before and after a news release.
• If you already have an account please use the link below to sign in.
• Cardano shows an interesting situation that presents opportunities regardless of the breakout direction.
• Prices of commodities that affect these currencies can be influenced by issues affecting supply and demand.

The Forex Market Overview page provides a quick overview of today’s Forex and Currencies markets. The dollar moved higher on Monday’s sell-off in stocks, which boosted liquidity demand for the dollar. Start the week of October 30, 2022 with our Forex http://www.logisticsinc.com/ forecast focusing on major currency pairs here. dotbig forex Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy. The U.S. dollar rose today pushing USD/JPY so high that it almost reached the 150 level.

Yuan, Chinese stocks tumble as economic concerns grow

However, there are significant differences between the type of news that sets apart currencies from other financial markets. dotbig contacts As discussed, our online trading platform, Next Generation, releases regular news and analysis DotBig overview articles for all financial markets. We also provide fundamental analysis reports from Morningstar, as well as market commentaries and updates from Reuters news on our news and insights section of the platform.

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 a guarantee of future results. From time to time, however, economic announcements are very different from what the broader market was expecting, and this can cause an opposite market reaction.

A volatile start to the week for the yen after currency intervention

In particular, news trading requires expert fundamental analysis skills, as you will need to understand how certain economic announcements can affect your positions and the wider financial market. dotbig broker Our Morningstar equity research reports are updated regularly with new information about company fundamentals. These are available for a wide range of shares on our platform and can also indicate whether they are considered to be overvalued, fairly valued or undervalued within the stock market. This information may help traders to make a decision on whether to enter a position or not. Register for a live account now to access our Morningstar reports.

These hints are based on price fluctuations after a certain type of news release and can prompt traders to either buy or sell an asset. 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. dotbig.com With the RBA only hiking rates by 25bps at each of the last two meetings, DotBig review the RBNZ is the more hawkish of the two central banks. Drama, global inflation updates and central bank commentary were all in play, and likely why intermarket price action was mixed this week. JP Morgan has extended its lead as top foreign exchange options dealer in the rankings for US mutual funds in the second quarter of the year.

Trade ideas

Cardano shows an interesting situation that presents opportunities regardless of the breakout direction. dotbig.com testimonials If investors plan to trade ADA, they need a comprehensive understanding of the triggers.

Learn what currency pairs work best and how to execute the strategy yourself in our full guide. There is also the risk of carrying positions for a longer period of time. If the news release requires a few days or weeks to materialise, your trading positions may be open over several days. This brings overnight risk and may require you to pay additional holding costs. Therefore, traders should ensure that they have sufficient funds in their account to cover these costs. dotbig company Of course, there are drawbacks of news-based trading as well.

The brokerage is owned by Cedar LLC and based in St. Vincent and the Grenadines. Get tight spreads, no hidden fees, access to 10,000+ instruments and more. These two types of analysis may be more effective when used together, rather than solely relying on one for all trading decisions.

I don’t use much else on the app so I can’t speak to that but it is nice to have your entire portfolio in one tracking app. Our market calendar can be customised by date, market impact and country, so you can filter these to be more relevant https://thenewsgod.com/overview-of-the-international-online-broker-dotbig/ for the asset or market that you are interested in trading. You can also set alerts for individual events that you wish to monitor. XAUUSD remains under pressure despite the US dollar index plunge and the stock market rally.