High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Oil prices rose on Wednesday after OPEC and the International Energy Agency (IEA) both forecast a rebound in demand over the course of next year and as U.S. rate hikes are expected to ease alongside slowing inflation. Brent crude futures rose $1.31, or 1.6%, to $81.99 per barrel by 1421 GMT, while U.S. West Texas
Dollar stays generally weak today but selling pressure is so far limited. Markets are looking forward to FOMC’s rate hike as well as new economic projections. Yen is currently the strongest one for the day, followed by Aussie and Swiss Franc. New Zealand Dollar is the weakest, followed by Canadian and Sterling. Much volatility is
Brexit has added more than £200 to the average U.K. household food bill, according to a new study from the London School of Economics. Nathan Stirk | Getty Images News | Getty Images LONDON — U.K. inflation came in slightly below expectations at 10.7% in November, as cooling fuel prices helped ease price pressures, though
The People’s Bank of China leaves the China one-year MLF rate at 2.75% (est 2.75%; prev 2.75%) and the one-year MLF Volume was set at 650B vs. (est 500.0B; prev 850.0B). USD/CNY is under pressure at a key level of support: China’s worsening economic slump is expected to keep the People’s Bank of China on its easing
NFT Steez, a new weekly Cointelegraph podcast exploring nonfungible tokens and Web3 projects, spoke to Comic-Con legend Gareb Shamus about how he has used storytelling to build engagement and a “maker world” that grows and strengthens communities. What started off as a newsletter about comics — Shamus’ passion project — ultimately became known to the world as
After a trend-like move, the corrections help to define the breadth and support for the trend. If the 38.2% retracement of the trend run holds, that is indicative of support buyers looking to hop on. If that level and the 50% of the same move are both broken, that is generally not good for the
Headlines: Markets: JPY leads, NZD lags on the day European equities lower; S&P 500 futures flat US 10-year yields flat at 3.504% Gold down 0.2% to $1,806.23 WTI crude up 0.7% to $75.94 Bitcoin up 0.8% to $17,900 Price pressures globally are showing signs of cooling as we look towards the end of the year
Commodity Participant Association of India (CPAI) has urged capital markets regulator Sebi to facilitate uninterrupted hedging and trading in cotton futures contracts to market participants. This comes after Sebi in August suspended trading in all cotton futures contracts on commodity exchange for one month to align the contract specifications with that of the market. Later,
Dollar is recovering slightly today as focus turns to FOMC rate decision and, more importantly, new economic projections. While the greenback was sold off overnight following consumer inflation data, traders are still holding the larger bets for now. As for the week, Euro and Sterling are the strongest ones so far, followed by Yen. Commodity
U.S. Federal Reserve Board Chairman Jerome Powell holds a news conference after Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, September 21, 2022. Kevin Lamarque | Reuters Call it a sign of the times where a half percentage point interest rate increase from the Federal Reserve is considered
Cable remains firmafter having reached a fresh multi-month high of 1.2443 on Tuesday. Economists at Scotiabank expect the GBP/USD pair to attack the 1.2450/60 area. GBP/USD appears to be consolidating “Cable is well-supported against rising, short-term trend support off the early Nov low at 1.2320 intraday.” “The GBP appears to be consolidating ahead of another push
Last week I interviewed one of Japan’s most successful Forex traders. During our interview, he shared with me the secret to successful scalping in Forex trading. Yuuya Kato is one of the most successful traders I’ve ever met, and he’s an incredibly consistent trader who understands the market. He’s also a 15 time funded prop
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Much of focus in the markets are interrelated. Stocks go higher, dollar moves lower, yields move lower, gold goes higher. That is the playbook. Then you look inside and see what you can see. Looking at a bellwether in the stock market, Microsoft, it gapped higher today and in the process moved above its 100
Coming up from the UK on Wednesday, 14 December 2022, November inflation data: This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next
OPEC on Tuesday stuck to its forecasts for global oil demand growth in 2022 and 2023 after several downgrades, saying that while economic slowdown was “quite evident” there was potential upside such as from a relaxation of China‘s zero-COVID policy. Oil demand in 2023 will rise by 2.25 million barrels per day (bpd), or about
Dollar falls sharply together with treasury yield after US data showed consumer inflation cooled more than expected. Stock futures also jump as reaction. Australian and New Zealand Dollar appear to be leading the way up, followed by Yen and then European majors. The question now is on whether current wave of selloff would sustain pass