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The U.S. dollar commenced the week on a strong note, with the dollar index rising 0.53% to 107.49, boosted by defensive buying as investors weighed in on a spike in COVID-19 cases in China. The brokerage is owned by Cedar LLC and based in St. Vincent and the Grenadines. Asian shares were under attack on Tuesday, https://cryptogeek.info/en/blog/dotbig-broker following the negative cues from Wall Street overnight as unexpectedly strong US data revived expectations of the Fed raising rates more than expected. The week will have the biggest event in the US political process over the last two years. We covered the most important news of this week in this report.

  • 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%.
  • A considerable number of events will make the market volatile.
  • Gold remains silent as inflation surges ahead Safe-haven assets such as gold are highly sought-after during times of inflation as they tend to hol…
  • News related to market sentiment can also influence currency trading, particularly those considered to be safe havens, including the commodity gold, as well as major currencies USD, JPY and CHF.
  • This includes analysing its growth rate potential, as well as any potential legal, political or insolvency risks.

It’s a busy week for market players everywhere as we price in FOUR central bank decisions and a few key inflation and labor market reports. Our news https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work and analysis section is updated daily with articles on the forex, share, treasury, commodity and index markets, written by our market analysts.

FX CenterTracking the ups and downs of currency markets

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Cuba forecasts only slight growth rise as crisis grips island

Key levels have been defined to assess https://cryptogeek.info/en/blog/dotbig-broker a bullish and bearish scenario.

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A crypto platform has been built using technology familiar to forex traders, potentially injecting new capital into the market. The CBN says the proposed central bank digital currency will offer parity of value and will operate as a non-interest-bearing CBDC. Get the latest news and insights straight from FXTM’s in-house market analysts. Our team explain the price movements Broker DotBig of the global markets, giving you the in-depth knowledge you need to place your next trade with confidence. ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage. The dollar index on Friday rose by +0.05% on support from higher T-note yields. Also, mostly lower stocks Friday boosted liquidity demand for the dollar.