When it comes to modern active trading, truer words are hard to find.

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  • After strong gains last week, the Japanese yen has extended its gains on Monday.
  • The US Dollar is benefiting from the souring market mood in the early American session, forcing XAU/USD to continue to stretch lower.
  • That is where the team at FX Leaders comes in ― they have the know-how to recognize which news items are market-movers, and which are simply noise.
  • This week is off to a bit of a slow start, but AUD price action could pick up once the RBA prints the minutes of its latest policy meeting.
  • The World Health Organization has decided rename “monkeypox” to a new preferred term “mpox” as a synonym for monkeypox following a series of consultations with global experts.

In order to see the significance of Thursday’s PCE print we need to see the context of the US inflation story. Gold price has turned south and dropped to the $1,750 area after having climbed above $1,760 earlier in the day. The US Dollar is benefiting from the souring market mood Forex in the early American session, forcing XAU/USD to continue to stretch lower. When it comes to modern active trading, truer words are hard to find. No matter if you are a trader in Asia, the Middle East, Europe, or the United States, the game is on and opportunity is afoot.

Bitcoin price tanks as covid protests erupt in China, pushing investors into risk-off mode

There is normally a consensus amongst leading economists about what level an economic announcement is likely to come in at. Changes to non-farm payrolls​​, GDP or inflation data will have a resulting effect on the market. For example, low unemployment suggests a strong economy, so many would expect the stock market to rise. A decision to lower interest rates could make a country’s currency DotBig broker less attractive, causing it to fall against other world currencies. Recent examples include the Greek debt crisis and China market turmoil. Forex markets tend to respond the most to macroeconomic news – the kind of developments that reflect or impact broad economies. Generally speaking, forex traders can look at economic news to assess its impact on interest rates and monetary policy​.

Both names will be used simultaneously for one year while “monkeypox” is phased out after that period. Foodservice distributor US Foods Holding Corp. announced Monday that Dave Flitman will become Chief Executive Officer , effective January 5, 2023. Flitman will also be a member of the US Foods Board of Directors. The November preliminary reading of the Michigan https://finviz.com/forex.ashx Consumer Sentiment Index was 54.7 vs an expectation of 59.5 and an October reading of 59.9. Both the CPI and PPI are pointing towards a slowdown in the pace of interest rate hikes for the Fed, to 50bps from 75bps. The Riksbank meets on Thursday and the decision to raise by 75bps or 100bps could have implications for the next direction in EUR/SEK.

Exness hires PokerStars alum Greta Killytė as Head of Regional Marketing

Whether you are trading crude oil or Euros, the important happenings of the day will be addressed thoroughly, in a timely fashion. https://www.yeahhub.com/dotbig-ltd-review-things-to-learn-about-the-company/ When it comes to the markets, staying abreast of important economic events and breaking news items is a full time job.

forex news

We also provide fundamental analysis reports from Morningstar, as well as market commentaries and updates from Reuters news on our news and insights section of the platform. By following our news, this ensures that you are always up-to-date with the latest trends and changes within the financial markets, as well as general economic announcements. In order to read news events, you should familiarise yourself with economic indicators​​, DotBig which are macroeconomic factors that have an impact on all financial markets, whether it be forex, shares or indices. These can include changes to interest rates, inflation, unemployment levels or retail income for a specific country and these all have a significant effect on the financial markets and overall state of the economy. A manual alternative is to monitor upcoming tradeable events using our economic calendar.

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