It’s all about inflation this week, US inflation specifically.

Price is being squeezed with the apex of the triangle approaching, a breakout is imminent. Gold enjoyed its best day in 8-months following the US inflation report and shows the potential to extend it run. Japan, long known for their lack of inflation, has just seen consumer prices rise to their highest levels since 1982. The Riksbank meets on Thursday and the decision to raise by 75bps or 100bps could have implications for the next direction in EUR/SEK. In this week’s edition, we discuss the dollar, yuan and euro, and look forward to the week ahead. It’s all about inflation this week, US inflation specifically.

Shares were under downward pressure and the dollar climbed as markets opened in Asia on Monday to news of growing unrest in China over Covid restrictions. The greenback made some of its biggest early gains against the currencies of Australia and South Africa, both of which DotBig are exposed to trade with China. European stock markets are likely to open negative on Monday tracking losses in Asian peers. China’s surging Covid caseload and widespread protests against the strict restrictions dampened investor sentiment in most of the Asian markets.

Week Ahead: Unrest in China, Inflation data, Powell, and NFP upcoming

We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Despite economic uncertainty, pension funds saw relatively strong growth in 2021. The world’s 100 biggest pension funds are worth over $17 trillion in total, an increase of 8.5% over the previous year. This graphic uses data from the Thinking Ahead Institute to rank the world’s biggest pension funds, and where they are located. For those who pay attention to moving averages, GBPCHF may be of particular interest. Below is a list of currency pairs that crossed key moving average levels over the past day.

forex news

Price action traders may also wish to note that we see a doji candlestick pattern on gbpusd. For more beyond what is offered on CFDTrading, check out Forex Factory, FX Empire, and ForexLive. For the latest stories on specific currency pairs, try the articles below. By Ambar Warrick — Asian currencies rose slightly on Friday as they recovered from a series of bruising sessions, with sentiment remaining constrained after hawkish… By Sinéad Carew and Amanda Cooper NEW YORK/LONDON – The dollar gained slightly on Friday and remained on track for its largest weekly gain in over a month as investors… By Joice Alves LONDON – Sterling slipped against a strengthening U.S. dollar on Monday as global risk sentiment was dented by rising COVID-19 cases in China, which led…

FOMC Minutes show Fed hiking rates at a slower pace

The German stock market benchmark DAX dropped close to 1 percent on Monday, as investors worldwide reacted to the unprecedented protests in China against the strict Covid curbs. A holiday-shortened week saw some impressive moves across a range of financial markets, buoyed by a slightly less hawkish FOMC. If you wish to contact a specific medical detox center then find a specific treatment center using our addiction treatment locator tool. If you are seeking drug and alcohol related addiction rehab for yourself or a loved one, the hotline is a confidential and convenient solution.

The newly designed denominations of 200 (5 U.S. cents), 500 ($1.10) and 1,000 naira ($2.20) also would drive financial inclusion and economic growth, said Godwin Emefiele, governor of the Central … In the preceding hour, USDZAR has been an especially big mover in the forex market, declining -1 pips (-0.07%). Traders interested in intraday trends may wish to observe AUDCAD, which has been in an uptrend over the past 50 price candles. Last but not least, intraday traders may wish to take note of the fact that GBPNZD just breached its 100 hour moving average. Fibonacci for a Multi-Market Trader’s Approach Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.

  • Learn common strategies and the best indicators to determine entry points for momentum trading.
  • With not a lot of data on tap, traders could continue to trade the possibility of a Fed slowdown.
  • Traders interested in intraday trends may wish to observe AUDCAD, which has been in an uptrend over the past 50 price candles.
  • Learn more about what it is, its causes and the effects on traders.

As with all such advisory services, past results are never a guarantee of future results. Bitcoin price saw a sudden sell-off on November 28 after a consolidative weekend.

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Asian stocks plunged on Monday amidst a flare-up in protests against China’s strict Covid curbs. The surging Covid caseload and the widespread protests in China dampened investor sentiment in most of the Asian markets.

What is a Short Squeeze and How to Trade It?

Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down. By Sinéad Carew and Gertrude Chavez-Dreyfuss NEW YORK – The dollar rose on Thursday as U.S. Treasury yields increased and investors eyed hawkish comments from Federal… By Ambar Warrick– Most DotBig Asian currencies slumped on Monday, with the yuan hit especially hard as China logged a record jump in daily COVID cases, while the dollar… By Saqib Iqbal Ahmed NEW YORK – The U.S. dollar rose against most major currencies on Monday, recouping recent losses, as fresh COVID-19 curbs in China fuelled worries…

Daily Forex News and Watchlist: EUR/USD

It is a quiet start to the week for the EUR/USD on the economic calendar. There are no economic indicators from the Eurozone for investors to consider. Following last week’s reaction to the private sector PMIs and business and consumer sentiment numbers, monetary policy will remain a focal point today. Last Thursday, the ECB monetary policy meeting minutes … Nigeria on Wednesday launched newly designed currency notes, a move that the West African nation’s central bank says will help curb inflation and money laundering.

Despite fears of inflation, consumers spent $9.12 billion for online shopping during Black Friday, higher than in previous years, as per a report published by Adobe Analytics. During the 2022 holiday season, total estimated revenues are $209.7 billion, a growth of 2.5 percent from last year’s recorded revenues of $205 billion. How to Read a Candlestick Chart Learn how to read and interpret candlestick charts for day trading, with top strategies and tips. GBP/USD Breakout Nears as Highs and Lows CompressGBP/USD is setting up for an apex breakout as price action continues to narrow. EUR/JPY Breaks Horizontal Resistance, Eyeing Triangle BreakoutThe pair is at an interesting point at present with price action giving mixed signals.


The first paper banknotes were used in China during the Tang and Song dynasties beginning in the 7th century. Relative to other instruments in the forex asset class, nzdjpy ranked 13th the day prior in terms of percentage price change.

BEIRUT -Lebanon’s central bank will adopt an exchange rate of 15,000 Lebanese pounds per U.S. dollar as of Feb. 1 as part of a process to unify the country’s multiple… MOSCOW – The Russian rouble strengthened on Friday, trading in a narrow range between 60 and 61 to the dollar as it has for much of the week, supported by exporters… DotBig By Peter Nurse – The U.S. dollar traded higher in Europe early Monday, and the Chinese yuan slumped to a two-week low as protests against the Chinese… The Switzerland stock market ended slightly up on Friday after a choppy ride, as investors largely refrained from making significant moves amid a lack of fresh triggers.

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