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 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 https://forexreviewdaily.com/amarkets/ 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. 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.
This should give the Fed confidence in raising rates by 75bps tomorrow. 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. SHANGHAI – The yuan briefly touched a 1-1/2-week high against the dollar before giving back all the gains by midday on Thursday https://www.ig.com/en/forex as Chinese cities tightened curbs against… By John McCrank NEW YORK – The euro dropped more than 1% on Thursday, falling back below parity with the dollar, after the European Central Bank raised interest… By Leika Kihara and Yoshifumi Takemoto TOKYO – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out…
ForexNews.World delivers real time updated https://forexreviewdaily.com/amarkets/ 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.
- The Bank of Canada has raised rates by 50bps vs an expectation of 75bps.
- 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…
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- 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.
- Gold came under heavy selling pressure and fell below $1,640 after having gained nearly 1% with the initial reaction to the Fed’s policy announcement.
- Bitcoin is correcting after touching the $20.8K area, but the price above previous local highs and the 50-day moving average.
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What are Retail Sales and Why is it Important to Traders? A Guide
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. Bears have continued to cover their short bets against the euro, and we also note a pickup of long bets on the relatively bearish euro. Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE.
A Guide Retail sales is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies. 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%… US stocks point to a weaker open after strong gains last week as investors question whether the Fed will adopt a softer stance to monetary policy after November.
Is Investing in Stellar Lumens (XLM) a Good Idea?
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… 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 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… By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Wednesday, with traders cautious ahead of the conclusion of a crucial Federal Reserve meeting. LONDON – France, Singapore and Switzerland have launched a joint trial of their experimental central bank digital currencies in the first cross-regional trial of… The U.S. dollar slipped after the Federal Reserve announced its monetary policy on Wednesday, but regained lost ground and emerged above the flat line subsequently. The JOLTS figure today shows that the US has even more job vacancies than anticipated, which was already high.
In doing so, the central bank said that more rate hikes are yet to come. US stocks erased strong morning gains and finished lower Forex brokers after better-than-expected US economic data triggered a jump in yields ahead of the Fed’s monetary policy decision on Wednesday.
Range Trade NZD/USD
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. Carry trades are most common in forex trading with traders borrowing the low interest Japanese yen aamarket to buy higher interest currencies. Learn what currency pairs work best and how to execute the strategy yourself in our full guide. 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.
Following The Success Of Covesting’s First Five-Star Trader
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.
The crypto market is ready to move up to the next step
The Federal Reserve on Wednesday announced its widely expected decision to raise interest rates by another 75 basis points. Citing efforts to achieve maximum employment and inflation at the rate of 2 percent https://forexreviewdaily.com/ 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. Note that the content on this site should not be considered investment advice.
US open: Stocks fall ahead of FOMC later in the week
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 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. 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, am markets Inc. announced Wednesday it has agreed in principle to financial amounts and payment terms as part of settlement frameworks to substantially resolve opioid-related litigation. USD/MXN Stuck in Horizontal Channel, Breakout Could Spark Next Big MoveThe USD/MXN has been trading inside a horizontal channel since the beginning of the month, but a powerful breakout could be just around the corner. Bitcoin is correcting after touching the $20.8K area, but the price above previous local highs and the 50-day moving average.