It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion etoro trade Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
- The JOLTS figure today shows that the US has even more job vacancies than anticipated, which was already high.
- By Georgina Lee and Samuel Shen HONG KONG/SHANGHAI – China’s digital yuan took the centre stage in the world’s largest cross-border central bank digital currency …
- Private sector employment in the U.S. increased by more than expected in the month of October, according to a report released by payroll processor ADP on Wednesday.
- The Canadian market ended notably lower on Wednesday, weighed down by losses in materials, healthcare, technology and consumer discretionary sections.
ADP said private sector employment jumped by 239,000 jobs in October after climbing by a downwardly revised 192,000 jobs in September. A volatile session for the yen on Friday likely points to a currency intervention from the BOJ or MOF, in an attempt to stop or at least pause the currency’s fast depreciation. Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE. 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. Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy. While the price action is undoubtedly bullish following October’s last-minute rally, certain on-chain metrics show whales may be satisfied with their gains and seek to book profits.
US Core PCE and ECI as expected. What does it mean for the FOMC next week?
EUR/USD reversed its direction and dropped into negative territory after jumping toward parity. The dollar, which came under heavy selling pressure on the Fed’s mention of policy lag, regathered its strength on Powell’s hawkish remarks. Get expert reaction to latest market news and seize potential opportunities. NZD/USD Outlook Mired by Failure to Clear October Opening RangeNZD/US may struggle to retain the advance https://forexreviewdaily.com/etoro/ from earlier this month if the exchange rate fails to clear the October high (0.5814). 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… BENGALURU – The Reserve Bank of India will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on Nov. 1, it said on Monday,…
Learn what currency pairs work best and how to execute the strategy yourself in our full guide. Fed Chairman Powell hinted at a slower pace of rate hikes, but the key question is whether the peak rate will be above or below 5%… Price Action Support and Resistance While price action presents a somewhat objective framework for traders to work with, identifying workable zones of support https://forexreviewdaily.com/ and resistance requires a bit of subjectivity. By John McCrank NEW YORK -The yen fell more than 1% against the dollar on Friday after the Bank of Japan bucked the trend among other major central banks and stuck with… ANKARA – Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting forex transactions with foreign banks during "off hours" and…
European Stocks Close Broadly Lower Ahead Of Fed Policy Decision
By Saqib Iqbal Ahmed NEW YORK -Investors are hesitant to bet on a sustained decline in the dollar, even after the U.S. currency suffered its sharpest pullback in about… Walgreens Boots Alliance, Inc. announced Wednesday it has agreed in principle to financial amounts and https://forexreviewdaily.com/ payment terms as part of settlement frameworks to substantially resolve opioid-related litigation. The services sector in Australia slipped into contraction territory in October, the latest survey from S&P Global showed on Thursday with a services PMI score of 49.3.
ForexNews.World delivers real time updated https://www.ig.com/en/forex and market research. We are leading source for latest news on cryptocurrency along with technical analysis on the foreign currency, commodities and trading strategies. We are go to source for you to get breaking news stories and in-depth market updates from around the world. The Bank of Canada has raised rates by 50bps vs an expectation of 75bps.
US open: Stocks fall ahead of FOMC later in the week
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. US stocks erased strong morning gains and finished lower after better-than-expected US economic data triggered a jump in yields ahead of the Fed’s monetary policy decision on Wednesday. With the RBA only hiking rates by 25bps at each of the last two meetings, the RBNZ is the more hawkish of the two central banks. A Guide Retail sales is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
AUD/USD at fresh weekly lows in the Fed’s aftermath
Citing efforts to achieve maximum employment and inflation at the rate of 2 percent over the longer run, the Fed announced its decision to raise the target range for the federal funds rate to 3.75 to 4 percent. By Georgina Lee and Samuel Shen HONG KONG/SHANGHAI – China’s digital yuan took the centre stage in the world’s largest cross-border central bank digital currency … By Marc Jones and Alun John LONDON – Currency trading has hit a record $7.5 trillion-a-day, a comprehensive new study has shown, with the dollar retaining its global…
BOC surprises markets and only hikes 50bps
TOKYO – Japanese Prime Minister Fumio Kishida said on Friday the government is ready to take appropriate action against excessive volatility in the currency market. By Leika Kihara and Yoshifumi Takemoto TOKYO – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out… 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… LONDON – France, Singapore and Switzerland have launched a joint trial of their experimental central bank digital currencies in the first cross-regional trial of… Private sector employment in the U.S. increased by more than expected in the month of October, according to a report released by payroll processor ADP on Wednesday.
MOSCOW – The rouble edged lower against the dollar, euro and yuan on Tuesday, as the Russian currency began trading without the support of a favourable month-end tax… Canadian shares are turning in a mixed performance in cautious trade on Wednesday with investors looking ahead to the Federal Reserve’s monetary policy announcement, due later in the day. Note that the content on this site should not be considered investment advice. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted.
In doing so, the central bank said that more rate hikes are yet to come. AUD/USD trades around 0.6350, its lowest for the week, as Wall Street plummeted following Fed’s monetary policy decision. Chair Jerome Powell left the door open for another 75 bps rate hike in December, surprising USD bears. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs https://forexreviewdaily.com/ or other information sources in the context of the client or prospect’s individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. 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.
Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from Forex brokers the companies we feature on this site. BRASILIA – Brazil’s central bank on Thursday said it would hold auctions starting on Friday to roll over $15.1 billion in traditional currency swaps maturing on Dec….