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XAUUSD remains under pressure despite the US dollar index plunge and the stock market rally. The Forex Market Overview page provides a quick overview of today’s Forex and Currencies markets. The is consolidating after the strong bounce from the 2022 low , and is at risk of seeing more healthy profittaking today as it bumps up against downchannel resistance (on the weekly…

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. There is normally a consensus amongst leading economists about what level an economic announcement is likely to come in at.

Daily FX Market Review: British Pound Rises After New Chancellor Reverses Planned Tax Cuts

GAIN Global Markets Inc. is part of the GAIN Capital Holdings, Inc. group of companies, which has its principal place of business at 30 Independence Blvd, Suite 300 , Warren, NJ 07059, USA. All are separate but affiliated subsidiaries of StoneX Group Inc. Choose from standard, commissions, or DMA to get the right pricing model to fit your trading style and strategy.

Provides a snapshot of the eight major crossrates to the U.S. Sign Up NowGet this delivered to your inbox, and more info about our products and services. 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. FOREX.com may, from time to time, offer payment processing services with respect to card deposits through StoneX Financial Ltd, Moor House First Floor, 120 London Wall, London, EC2Y 5ET. I’d like to view FOREX.com’s products and services that are most suitable to meet my trading needs. I understand that residents of the US are not be eligible to apply for an account with this FOREX.com offering, but I would like to continue.

This feature can be found on our Next Generation platform and highlights events such as unemployment reports, GDP, CPI and PPI figures, as well as trade reports and sentiment surveys. These events can all have an effect on market sentiment and cause major price swings within the financial markets. A news trading strategy involves trading based on market expectations, https://www.cmcmarkets.com/en/learn-forex/what-is-forex both before and after a news release. Trading on news announcements can require you to make quick decisions, as the financial markets may be impacted almost immediately. Therefore, you will need to make quick judgements on how to trade the announcement. Please note that foreign exchange and other leveraged trading involves significant risk of loss.

FOREX MAJORS

Assets under management at Invesco have returned to growth and stood at $1.4 trillion in March, a 20% increase in the last 12 months. The brokerage is owned by Cedar LLC and based broker DotBig in St. Vincent and the Grenadines. We give calls from Monday to Friday in suggested intervals. In case we couldn’t get through, we will try again at the same time the next day.

• For example, if a central bank hints that rate cuts may be coming, but the currency still rises, there could be other factors in addition to the prospect of interest rate changes.
• Russia’s central bank left its interest rate unchanged on Friday after six consecutive rate cuts as inflation expectations moved higher.
• However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
• The dollar index edged to a new 5-week low but then recovered and was up by +0.81% late Thursday.
• European markets edged cautiously higher on Tuesday as investors digested upbeat corporate earnings and news that Rishi Sunak would replace Liz Truss as U.K.

Stay informed with real-time market insights, actionable trade ideas and professional guidance. Forex trading involves significant risk of loss and is not suitable for all investors. According to data from crypto options and futures exchange Deribit, on October 28, $2.4 billion worth of Bitcoin and Ethereum options expired. ETH witnessed a massive recovery, and BTC climbed above the $20,000 level. My only complaint is that you cannot change what the widget and chart shows you. You can only see %gain when I want to see how much $ money I have made from each account everyday. Seems like a simple fix and it would make tracking my account so much easier.

Daily FX Market Review: Euro Rises Above Parity Due to Broad Dollar Weakness

However, fundamental analysis​​ is just as important in the modern trading world as technical analysis. News releases such as earnings reports and changes to interest rates and inflation can significantly impact the markets. Learn how to trade the news and spot potential trading opportunities within the financial markets. Certain major economic announcements can bring additional volatility in the markets, even if https://www.forex.com/ it is for just a short period of time. Stock trading based on news releases is a strategy used by many long-term investors, as well as short-term traders. If a company has strong balance sheets, cash flows and earnings reports consistently, then a trader may decide to buy and hold the sharefor a longer period of time. When trading on news releases, it is important that you are aware of how financial markets work.

Indices news and analysis

The lastest inflation report for New Zealand showed inflation remains way too hot. See how NZD and the other rmajor currencies reacted to this news. We’ve got a busy one ahead with three rate decisions and top-tier GDP data. Intel stock has leaped back up to $27.65 in Friday’s premarket after trouncing the Street on third-quarter earnings.

It was the first time in history for the US500 to crash by 2% and close the day 2.8% above the neutral line. Get commentary on the Forex and Currencies markets from industry experts. Barchart is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve our web experience, and encourage users to Contact Us for feedback and accommodation requests.

Experts look forward to a rally in the Japanese yen, at least in the short term. Traders are well aware of what happened in the September meeting when the yen extended losses during Kuroda’s broker DotBig media briefing and sparked after the intervention. Russia’s central bank left its interest rate unchanged on Friday after six consecutive rate cuts as inflation expectations moved higher.

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Intel produced adjusted earnings per share of $0.59, which was near twice the $0.33 expected. Gold is having a difficult time staging a rebound in the second half of the day and trades deep in negative territory below $1,650. The benchmark https://dotbigbroker.com/ 10-year US Treasury bond yield is up nearly 1% on the day after the latest US data, forcing XAU/USD to stay under bearish pressure. With 30-year fixed rates sitting short of 7%, housing sector numbers could begin receiving Fed attention.