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. 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 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 … 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….

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Stocks reverse lower after upbeat jobs data and manufacturing data raises doubts over whether the Fed will tone down its aggressively hawkish stance. 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…

GBP drifts higher, ISM manufacturing and JOLTS in focus

By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Monday at the start of a pivotal week which includes several central bank policy-setting… By Ambar Warrick Investing.com– Most Asian currencies moved little on Tuesday as markets fxclub com hunkered down ahead of several major central bank meetings this week, while the… By Hari Kishan BENGALURU – The dollar’s retreat in foreign exchange markets is temporary, according to a Reuters poll of currency strategists, who said the greenback…

The South Korea stock market has moved higher in three straight sessions, advancing almost 70 points or 3.2 percent along the way. The KOSPI now rests just above the 2,335-point plateau although investors may lock in gains on Thursday. The Malaysia stock market has finished higher in two of three trading days since the end of the two-day slide in which it had dipped almost 8 points or 0.6 percent. The Kuala Lumpur Composite Index Forex brokers now rests just above the 1,450-point plateau although it figures to head south again on Thursday. The China stock market has tracked higher in two straight sessions, advancing almost 110 points or 3.7 percent along the way. The Shanghai Composite Index now sits just above the 3,000-point plateau although it’s expected to turn lower again on Thursday. Note that the content on this site should not be considered investment advice.

How to use the currency carry trade strategy

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. Australia posted a seasonally adjusted merchandise trade https://forexreviewdaily.com/ surplus of A$12.444 billion in September, the Australian Bureau of Statistics said on Thursday. Bitcoin is correcting after touching the $20.8K area, but the price above previous local highs and the 50-day moving average.

  • 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…
  • The Singapore stock market has climbed higher in seven straight sessions, collecting more than 170 points or 5.7 percent along the way.
  • We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
  • MOSCOW -The rouble strengthened on Friday, hovering between 61 and 62 to the dollar and showing limited reaction to the central bank’s decision to leave interest rates…
  • 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.
  • 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.

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,… https://forexreviewdaily.com/ 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.

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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… Stay up-to-date on breaking as well as relevant financial developments.

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The Canadian market ended notably lower on Wednesday, weighed down by losses in materials, healthcare, technology and consumer discretionary sections. The private sector in Singapore continued to expand in October, and at a faster pace, the latest survey from S&P Global revealed on Thursday with a PMI score of 57.7. 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. The yellow metal has seen relentless pressure this year as interest rates have risen, but hopes for, perhaps, a pause, have lent some support. Major US equity indices initially rallied on the back of the release, though upside proved short-lived for the S&P 500, topping at a high of 3,894 and stepping beneath pre-announcement levels. ‘Rates need to move beyond the September Dot Plot forecasted (median 4.6%)’.

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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… 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 over https://forexreviewdaily.com/forex-club/ the longer run, the Fed announced its decision to raise the target range for the federal funds rate to 3.75 to 4 percent. 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.

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 billion – up from A$8.324 billion in August, when imports rose 4.0 percent and exports gained 3.0 percent. The private sector in Hong Kong continued to contract, albeit at a slower pace, the latest survey from S&P Global showed on Thursday with a PMI score of 49.3. A volatile session for the yen on Friday Forex brokers 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.

Bank of Canada Preview: Will the BOC hike rates by 75bps?

Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. By John McCrank https://www.tdameritrade.com/investment-products/forex-trading.html 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…