Forex Trading News Today & Forex Analysis

Despite the monthly growth in the gross domestic product during October, the UK economy is likely to stagnate or shrink in the final quarter of this year, the National Institute of Economic and Social Research, or NIESR, said Monday. Bloomberg Markets The Close Romaine Bostick breaks down the day’s top stories and trading action leading into the close. USD/CAD made a large move higher today, though it doesn’t seem like it was based on fundamentals. If Core PCE continues to fall over the coming months, the Fed forex broker Dotbig may end up hiking rates less than it expects, or even cutting rates before the end of next year. With the US CPI, FOMC, UK CPI, BOE, and other second tier data scattered throughout the week, GBP/USD could be extremely volatile. CHF was the big winner this week, while its usual “safe haven” buddy, JPY, fell to last place on speculation of potential policy shifts from the BOJ ahead. Our gain and loss percentage calculator quickly tells you the percentage of your account balance that you have won or lost.

Stock markets are off to a cautious start in what is expected to be a massive week in financial mark… The best and worst performing Forex stocks of 2021 It’s been a historic year for the stock market. Will the January effect add to the stock market’s holiday euphoria?

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The risk to the CPI data is that it is much lower than expected. We rely on reader support and your contribution will enable us to keep delivering quality content that’s open to everyone across the world. With not a lot of data on tap, traders could continue to trade the possibility of a Fed slowdown. We’re seeing downbeat data from Australia and China, but can risk-taking continue to prop AUD/CHF higher? Find the approximate amount of currency units to buy or sell so you can control your maximum risk per position. Recent Bitcoin prices has been hampered by narrowing volatility and no growth. Every tenth in US Core CPI makes a difference as markets await the Fed.

  • Some of the world’s largest central banks are about to make their final rate decisions of the year, while offering their updated policy outlooks for 2023.
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  • The Forex Market Overview page provides a quick overview of today’s Forex and Currencies markets.
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  • The impact that a significant news story can have upon the markets is huge.

We are continuously working to improve our web experience, and encourage users to Contact Us for feedback and accommodation requests. Gold moved slightly higher, silver soared, but miners declined on Friday. If it’s not a screaming short-term signal, I don’t know what is.

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But most trends reverse at some point, and a change in the underlying economics could be the first sign of this. Our market calendar can be customised by date, market impact and country, Forex so you can filter these to be more relevant for the asset or market that you are interested in trading. You can also set alerts for individual events that you wish to monitor.

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Speculation and pricing related to demand is mainly influenced by many of the same major news releases noted above, plus commodity inventory reports and outlooks. Currencies of countries that are major exporters of raw materials or commodities can be impacted by news forex trading news, as this affects the prices of the main commodities that they produce. These currencies are often referred to as resource currencies. Prices of commodities that affect these currencies can be influenced by issues affecting supply and demand. Our news and analysis section is updated daily with articles on the forex, share, treasury, commodity and index markets, written by our market analysts. JP Morgan has extended its lead as top foreign exchange options dealer in the rankings for US mutual funds in the second quarter of the year. There is also the risk of carrying positions for a longer period of time.