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 https://forexreviewdaily.com/ beginning of the month, but a powerful breakout could be just around 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.

  • 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…
  • 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…
  • From a contrarian standpoint, this could spell trouble for the British Pou…
  • Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. US stocks point to a weaker bcs broker open after strong gains last week as investors question whether the Fed will adopt a softer stance to monetary policy after November.

Australian services and composite PMIs for October drop into contraction

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. 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.

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,… By Gertrude Chavez-Dreyfuss NEW YORK – The dollar gained across the board on Monday, regaining some of the luster it lost earlier in the month, bolstered by expectations… By Tetsushi Kajimoto and Leika Kihara TOKYO -Japan’s currency interventions have been stealth operations in order to maximise the effects of its forays into the market,… By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar slid against major currencies https://forexreviewdaily.com/bcs-markets/ on Tuesday, on some expectation that the Federal Reserve will signal a slower pace… 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.

Whats on the economic calendar in Asia – Thursday, 3 November 2022 – another China PMI

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… By Ambar Warrick Investing.com– Most Asian currencies moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while… Stay up-to-date on breaking forex news as well as relevant financial developments. 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. The Federal Reserve on Wednesday announced its widely expected decision to raise interest rates by another 75 basis points.

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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 Forex brokers and seek to book profits. 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.

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. US stocks erased strong morning gains and finished lower after better-than-expected US economic data triggered Forex brokers a jump in yields ahead of the Fed’s monetary policy decision on Wednesday. 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.

ForexNews.World delivers real time updated https://forexreviewdaily.com/bcs-markets/ 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 reverse after stronger doubt raises doubts over the Fed

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.

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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. The U.S. dollar slipped after the Federal Reserve announced its monetary policy on Wednesday, but regained lost ground and emerged https://forexreviewdaily.com/ above the flat line subsequently. The JOLTS figure today shows that the US has even more job vacancies than anticipated, which was already high. 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…

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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 https://forexreviewdaily.com/ 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…

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… 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…