Skip to content Skip to footer

Forex Market News & FX Forecast

Bitcoin price shot higher early Tuesday as US inflation, both the core and the overall number, are coming out lower than expected. Both data points broke below the lowest estimation from analysts and triggered an upside surprise.

  • By Caroline Valetkevitch NEW YORK – The U.S. dollar was up slightly against the euro and yen on Tuesday as U.S. stocks sold off, while investors were trying to position…
  • Learn more about how market economies operate, the political theory they’re founded on, and whether they work in our guide.
  • Choose from standard, commissions, or DMA to get the right pricing model to fit your trading style and strategy.
  • All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.

By Fergal Smith TORONTO – Canada’s dollar will rally over the coming year as major commodity consumer China loosens its COVID-19 restrictions and the Federal Reserve… Treasury Secretary Janet Yellen on Thursday hailed fellow pioneers during the unveiling of the first U.S. banknotes printed… By Alessandro Albano – Since its mid-September peak, the U.S. dollar has experienced a phase of depreciation due to easing inflation that could lead to a slowdown in… The UK employment rate for August to October 2022 increased by 0.2 percentage points on the quarter to 75.6% but is still below pre-coronavirus (COVID-19) pandemic levels.

NZD/JPY Down 1 Pips Over Past Hour, Makes Big Move Relative to Past Month; Crosses 20 Day Moving Average

We see that ZAR was the big outperformer, moving by 1.39%. Alternatively, MXN moving by -1.82%, making it the worst performer of the bunch.

forex news

Also of note is that on the 30 and 90 day bases price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For more forex news beyond what is offered on CFDTrading, check out Forex Factory, FX Empire, and ForexLive. For the latest stories on specific currency pairs, try the articles below. By Geoffrey Smith — The euro hit a five-month high against the Russian ruble on Monday, the day on which a long-awaited EU embargo on imports of Russian oil and oil… By Ambar Warrick– Most Asian currencies kept to a tight range on Wednesday as markets weighed more signs of an economic reopening in China against growing concerns…

Biden: Inflation is coming down but is still too high

Gold soared amid the USD collapse following the United States CPI release. The metal traded as high as $1,824.53, now holding on to substantial gains above $1,810. The Greenback plummeted as stocks rallied on the back of more signs of easing price pressure, hinting at a cautious Fed. Today’s NFP report is the main event for traders, and the consensus forecasts is for headline job growth to soften to 200k , and the unemployment rate remain at 3.7%. Trade 5,500+ global markets including 80+ forex pairs, thousands of shares, popular cryptocurrencies and more. By Indradip Ghosh BENGALURU – The dollar will rebound against most currencies over the coming months, with the growing threat of recession in the U.S. and elsewhere… By Peter Nurse – The U.S. dollar stabilized in early European trade Thursday, as traders sought out this safe haven amid uncertainty over the global economic…

forex news

By Gabriel Burin BUENOS AIRES – The Mexican peso will weaken only modestly in 2023 through a gathering economic slowdown as confidence in the country’s moderate policies… On December 9, 2022 filed a motion for summary forex news judgment in a lawsuit brought by former FX trader Rohan Ramchandani. In a set of documents submitted at the New York Southern District Court, Citi seeks to secure the dismissal of the plaintiff’s complaint.

Ramchandani, who was acquitted of charges relating to … But protective measures diluted over time are slightly different from a climactic surge shortly before the key moment. How to Trade with the Relative Strength Index The Relative Strength Index is a popular technical indicator used to identify over-bought or over-sold conditions. American Airlines Group, Inc. announced Tuesday that Devon May has been named Chief Financial Officer, effective January 1, 2023, following a long-planned succession process. May, who is currently the airline’s senior vice president of Finance and Investor Relations, will report to American’s CEO Robert Isom. Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age.

NFP preview: Is the jobs market FINALLY slowing?

By Ambar Warrick– Most Asian currencies moved little on Tuesday, while the dollar ticked lower as caution kicked in ahead of key U.S. inflation data that is expected… Back in September, I shared with you my take on the USDJPY currency pair based on 360° view. A combination of fundamental factors and technical factors forex news has supported the continued strength of the U.S. dollar relative to the Japanese yen. However, the majority of readers predicted the opposite, as you can see in the screenshot below. The ILO jobless rate climbed to 3.7 percent in the three months to October, figures from the Office for National Statistics showed on Tuesday.

Keep abreast of market opportunities in the FX markets with insights, actionable trade ideas and support. Stay informed with real-time market insights, actionable trade ideas and professional guidance.

Looking for More Forex News?

How Central Banks Impact the Forex Market Discover how policies and interest rate hikes of central banks impact forex and trading decisions. The Bank of England is likely to shift the gear down on interest rate hikes this week as the economy enters a ‘prolonged’ recession and inflation is seen slowing towards the 2 percent target in two years’ time. Markets have penciled in a 50 bps rate hike, after the central bank delivered a 75 bps increase in November, which was the biggest in 33 years. The US dollar is treading water ahead of today’s US inflation report, but traders should be prepared for a bout of post-release volatility. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. 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. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

The risks to the US CPI data are skewed more heavily towards one side

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. By John McCrank NEW YORK – The dollar gained against the yen, the euro and the pound on Monday after data showed that U.S. services industry activity unexpectedly picked… By Caroline Valetkevitch NEW YORK – The U.S. dollar weakened slightly against major currencies on Wednesday amid concerns that rising interest rates could push the U.S…. By Peter Nurse – The U.S. dollar firmed in early European trade Monday as traders started the week on a cautious note ahead of the last Federal Reserve policy-setting…

Leave a comment