Forex Market News

The Bank of Canada has raised rates by 50bps vs an expectation of 75bps. DotBig cryptocurrency In doing so, the central bank said that more rate hikes are yet to come.

forex news

Yesterday, the Bureau of Labor Statistics released a higher-than-expected Producer Price Index with 0.2% m/m growth in September, meaning producers https://www.techspotty.com/dotbig-for-cryptocurrency-trading/ are still raising prices for goods and services. 79% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

Cme Group Announces Start Of Trading Of str Futures

From time to time, however, economic announcements are very different from what the broader market was expecting, and this can cause an opposite market reaction. 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. If the currency does not drop on an expectation of a fall in interest rates, then positive sentiment is strong, and this could possibly indicate that it is now a buyer’s market.

  • Today’s release of the September CPI report increases the chances that the BOC will hike rates by 75bps next week.
  • XAUUSD remains under pressure despite the US dollar index plunge and the stock market rally.
  • Generally speaking, forex traders can look at economic news to assess its impact on interest rates and monetary policy​.
  • If the currency does not drop on an expectation of a fall in interest rates, then positive sentiment is strong, and this could possibly indicate that it is now a buyer’s market.
  • You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.
  • In order to read news events, you should familiarise yourself with economic indicators​​, which are macroeconomic factors that have an impact on all financial markets, whether it be forex, shares or indices.

Further, the company announced $2.5 billion share buyback, which is intended to be executed prior to announcing its fourth-quarter results. Trading in index futures DotBig.com suggests a markedly higher opening by Wall Street stocks on Monday, as traders look ahead to the unfolding third-quarter reporting season with optimism.

Us Mortgage Rates Inch Higher But Come Up Short Of 7%

After a splendid week, in which GBP/USD jumped 2.8%, the pound has reversed directions and is sharpl… Coca-Cola easily beat analyst estimates on both earnings and revenue. However, https://www.tdameritrade.com/investment-products/forex-trading.html solid Q3 GDP numbers could put the Fed Pivot theory to the test later today. G7 wants to cut Russia’s oil revenues but maintain an incentive to produce oil at current levels.

forex news

Stock market news that has little or no impact on currencies includes earnings reports, management changes, mergers and acquisitions and partnerships. Therefore, it may be easier for some to make more reliable Forex news trading predictions on how the market will perform. However, if a company releases a report with considerably lower financials than expected, this can cause a rally for traders to short the stock as its value is decreasing. Traders can perform company analysis before deciding whether to invest in a stock. This includes analysing its growth rate potential, as well as any potential legal, political or insolvency risks. Financial ratios such as price/earnings along with dividend yields can also indicate whether a stock is a healthy investment right now.