The New York Fed said its general business conditions index slid to a negative 9.1 in October from a negative 1.5 in September. After Thursday’s slump and rally, US equity markets will be looking at a cluster of important Q3 earnings next week, including Tesla, Goldman Sachs, J&J, and Netflix. Banxico has been hiking rates at the https://osoblanco.org/dotbig-ltd-forex-broker-review-useful-information/ same pace as the Fed since the beginning of summer, most recently with a 75bps rate hike last week. The DXY is moving to the 50% retracement level of the September 28th highs to the lows of October 4th. Unless there is a surprise in the markets before then, DXY is likely to sit near these levels until the data is released.
By Geoffrey Smith Investing.com — The pound fell and U.K. Government bonds extended their rally on Friday after Prime Minister Liz Truss fired Kwasi Kwarteng as Chancellor of the…
Us Major Indices Open Higher To Start The Trading Week
Based on today’s NFP report, the US jobs market is still strong and should lead to more rate hikes by the Fed. Inflation is hovering at a 40-year high, driven by steep increases in food prices, housing and utilities. The Federal Reserve is trying to bring it down by aggressively raising interest rates, even if it pushes the economy closer to a recession. Still, prices are soaring, making it harder for many Americans to get by. All Forex news breaking news is rated high , medium , or low depending on the how much it impacted the market. By Geoffrey Smith Investing.com — The dollar was broadly higher in early trading in Europe on Tuesday as the pound weakened amid fresh signs of trouble in the U.K. SHANGHAI – Transactions using China’s digital yuan surpassed 100 billion yuan ($13.9 billion) as of Aug. 31, China’s central bank said on Wednesday, as the country…
- By Ambar Warrick Investing.com– Asian currencies fell further on Wednesday amid growing fears of a global recession, while the dollar continued its ascent on safe haven demand…
- US stocks plunge after US inflation came in hotter than forecast.
- The DXY is moving to the 50% retracement level of the September 28th highs to the lows of October 4th.
- Still, prices are soaring, making it harder for many Americans to get by.
- However, the government’s strict Covid curbs are still there…
Keep track of the latest currency market moves as they develop. Stay up-to-date on breaking Forex as well as relevant financial developments.
A Price Action Tell: Support At Prior Resistance, Resistance At Prior Support
The economy needs fresh measures to stimulate domestic spending. dotbig.com testimonials However, the government’s strict Covid curbs are still there…
Note that the content on this site should not be considered investment advice. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature https://osoblanco.org/dotbig-ltd-forex-broker-review-useful-information/ on this site. Natural Gas Charts Point to a RallyNatural gas traded down to support with a strong price action response suggesting it may be ready to rally. By Ambar Warrick Investing.com– The Japanese yen hit a new 24-year low to the dollar on Wednesday, ramping up expectations of more currency market intervention by Tokyo to… By Leika Kihara WASHINGTON – Japan is ready to take “decisive” action against rapid yen declines and is focusing on volatility rather than levels in deciding whether to…