Forex Market News & Fx Forecast

I understand that residents of the US are not be eligible to apply for an account with this FOREX.com offering, but I would like to continue. Build your confidence and knowledge with a wealth of educational tools and online resources. Take control of your trading with powerful trading platforms and resources designed to give you an edge. Choose from standard, commissions, DotBig overview or DMA to get the right pricing model to fit your trading style and strategy. You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. Despite a rate hike by the BOE of 50bps, GBP/USD is near 37-year lows. Because the Fed hiked rates by 75bps yesterday and said that more rate hikes are on the way.

By Ambar Warrick Investing.com– Most Asian currencies crept lower on Monday as concerns over worsening global economic growth kept the dollar close to a 20-year peak, while… By Peter Nurse Investing.com – The U.S. dollar https://www.techgyd.com/basic-info-about-dotbig-ltd/52083/ edged higher in early European trading Monday, while sterling also gained after the U.K. The Thai stock market has finished lower in six straight sessions, slipping almost 55 points or 3.6 percent along the way.

No Relief Yet For Thai Stock Market

By Laila Bassam, Timour Azhari and Tom Perry BEIRUT – Lebanon plans to slash its official exchange rate, replacing the 1,507 per dollar rate adopted 25 years ago with a… SHANGHAI – China’s yuan is unlikely to continue depreciating rapidly, the state-owned Securities Times said in a front-page commentary on Thursday, as currencies… By Gertrude Chavez-Dreyfuss NEW YORK – Sterling rose sharply in volatile trading on Thursday, https://www.techgyd.com/basic-info-about-dotbig-ltd/52083/ rallying from record lows hit on Monday, after the Bank of England… By Alexander Marrow MOSCOW -The rouble weakened on Friday, giving up huge gains that had seen it soar to an eight-year high against the euro, as investors slashed foreign… By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the second quarter, with the…

Keep track of the latest currency market moves as they develop. Stay up-to-date on breaking Forex news as well as relevant financial developments. Final manufacturing Purchasing Managers’ survey results from the euro area and the UK are the major reports due on Monday. At 2.30 am ET, the Federal Statistical Office is scheduled to issue Swiss consumer price data for September. Prospects of some coordinated central bank action and the lack of fresh news may encourage short-side profit-taking… Gold price is turning south once again after facing rejection at higher levels. The metal is defending gains amid a broadly weaker US dollar, risk-aversion.

Market News

SHANGHAI -China’s yuan bounced on Thursday from a 14-year low against the dollar hit in the previous session, snapping eight straight days of losses, after the central… By Amanda Cooper LONDON – Demand for U.S. dollars in the currency derivative markets surged on Friday to its highest since the COVID-19 crisis in 2020 as market turmoil… Forex By John Revill ZURICH -The Swiss National Bank sold 5 million Swiss francs ($5.1 million) worth of foreign currency in market interventions in the second quarter of 2022,… MOSCOW – Russia’s top business lobby called on Friday for the central bank to build up its reserves of the Chinese yuan in a bid to stabilise the rouble, which is…

• The UK S&P Global final Manufacturing PMI shrank more than expected in September.
• By Peter Nurse Investing.com – The U.S. dollar resumed its seemingly relentless march higher in early European trading Thursday, while sterling slumped as the relief rally…
• As with all such advisory services, past results are never a guarantee of future results.
• By Ambar Warrick Investing.com– Most Asian currencies crept lower on Monday as concerns over worsening global economic growth kept the dollar close to a 20-year peak, while…
• Each option expiry should be considered ‘in-play’ if labelled as Hot, Warm or ‘out of play’ if labelled Cold with regard to the likelihood of price action meeting the strike price at maturity.

Forex.Academy is a free news and research website, offering educational information to those who are interested in Forex trading. Forex Academy is among the trading communities’ largest online sources for news, reviews, and analysis on currencies, cryptocurrencies, commodities, metals, and indices. 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 https://en.wikipedia.org/wiki/Foreign_exchange_market events. The Australian dollar firmed against its most major counterparts in the Asian session on Monday, as oil prices rose and investors awaited the Reserve Bank of Australia’s monetary policy decision to be released on Tuesday. Asian stocks retreated on Monday as inflation and interest-rate worries lingered, and oil prices spiked on speculation over OPEC+ cutting production substantially this week. Price Action Support and Resistance While price action presents a somewhat objective framework for traders to work with, identifying workable zones of support and resistance requires a bit of subjectivity.