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. EUR/USD reversed its direction and dropped into negative territory after jumping toward parity. The dollar, https://forexreviewdaily.com/ 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 from earlier this month if the exchange rate fails to clear the October high (0.5814).
Stocks reverse lower after upbeat jobs data and manufacturing data raises doubts over whether the Fed will tone down its aggressively hawkish stance. 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 https://forexreviewdaily.com/ the corner. 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.
Australia Service Sector Falls Into Contraction – S&P Global
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 payment terms as part of settlement frameworks to substantially resolve opioid-related litigation.
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. ADP said private sector https://forexreviewdaily.com/dotbig/ 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.
Indices news and analysis
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 dotbig.com Retail sales is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies.
- AUD/USD trades around 0.6350, its lowest for the week, as Wall Street plummeted following Fed’s monetary policy decision.
- 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.
- By Peter Nurse Investing.com – The US dollar stabilized in early European trading Thursday, after overnight losses, while the euro pushed above parity ahead of an expected jumbo…
- The trade surplus is pegged at A$8.85 billion – up from A$8.324 billion in August, when imports rose 4.0 percent and exports gained 3.0 percent.
- 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…
- Stocks reverse lower after upbeat jobs data and manufacturing data raises doubts over whether the Fed will tone down its aggressively hawkish stance.
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. Bitcoin is correcting after touching the $20.8K area, but the price above previous local highs and the 50-day moving average. Bears dotbig com have continued to cover their short bets against the euro, and we also note a pickup of long bets on the relatively bearish euro. Retail traders have recently begun increasing upside exposure in GBP/USD and GBP/JPY. From a contrarian standpoint, this could spell trouble for the British Pou…
Forexlive Americas FX news wrap: Fed/Powell throw the market a curveball.
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 as constituting a track record. Any news, opinions, research, data, or other information contained within this website is provided as general market https://finviz.com/forex.ashx 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. 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.
Weekly currency forecast
Reported Wednesday that its net profit for the third quarter increased to 228 million euros or 1.23 euros per share from 207 million euros or 1.11 euros per share in the prior-year quarter. The Canadian market ended notably lower on Wednesday, weighed down by losses in materials, healthcare, technology and consumer discretionary sections. Australia will on Thursday release September figures for imports, exports and trade balance, highlighting a modest day in Asia-Pacific economic activity. The trade surplus is pegged at A$8.85 Forex brokers billion – up from A$8.324 billion in August, when imports rose 4.0 percent and exports gained 3.0 percent. The yellow metal has seen relentless pressure this year as interest rates have risen, but hopes for, perhaps, a pause, have lent some support. 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. With the benchmark 10-year US Treasury bond yield rising above 4.1% on Powell’s hawkish tone, XAU/USD continues to push lower.
By Ambar Warrick Investing.com– Most Asian currencies retreated on Monday as weak Chinese economic data weighed on sentiment, while markets hunkered down ahead of a Federal… 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 https://forexreviewdaily.com/ 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.
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 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…. By Peter Nurse Investing.com – The U.S. dollar stabilized in early European trade Friday ahead of the release of key inflation data, while the Japanese yen edged lower after the…
Bank of Canada Preview: Will the BOC hike rates by 75bps?
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. US stocks point to a weaker open after strong gains last week Forex brokers as investors question whether the Fed will adopt a softer stance to monetary policy after November. 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. By Peter Nurse Investing.com – The US dollar stabilized in early European trading Thursday, after overnight losses, while the euro pushed above parity ahead of an expected jumbo…