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The price of oil may attempt to retrace the decline from the October high ($93.48) as it seems to be no longer responding to the negative slope in the 50-Day SMA ($86.44). Bears have continued to cover their short bets against the euro, and we also note a pickup of long bets on the relatively bearish euro. Will the Fed consider an ECI reading of 1.2% to be “uncomfortably higher”? Also, the Fed’s favorite measure of inflation is back up to levels not seen since March.
German luxury carmaker BMW AG reported Thursday higher profit and sales in its third quarter benefited by strong pricing, despite weak margin and slight drop in Automotive deliveries. Looking ahead, the company maintained fiscal 2022 forecast for significantly higher earnings, and slightly lower sales with weak deliveries. In Germany, BMW shares were losing around 4 percent in the morning trading. https://forexreviewdaily.com/ Get expert reaction to latest market news and seize potential opportunities. The tone set by the removal of forward guidance and the lack of information regarding QT led the markets to believe this was a dovish hike. The BoE is widely known for its brutal honesty and conservative approach, which raises a big question of whether a 75 bps rate really is on the table this ‘Super Thursday’.
- Gold price is resuming its Fed-induced downside, as US dollar bulls regain traction.
- With the RBA only hiking rates by 25bps at each of the last two meetings, the RBNZ is the more hawkish of the two central banks.
- By Leika Kihara and Yoshifumi Takemoto TOKYO – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out…
- The Bank of Canada has raised rates by 50bps vs an expectation of 75bps.
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- By Ambar Warrick Investing.com– Most Asian currencies retreated on Monday as weak Chinese economic data weighed on sentiment, while markets hunkered down ahead of a Federal…
By Ambar Warrick Investing.com– Most Asian currencies moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while… By https://forexreviewdaily.com/libertex/ Peter Nurse Investing.com – The U.S. dollar surged in early European trade Thursday after the Federal Reserve signaled it will raise interest rates higher than expected, while…
Asian Markets Tracks Global Markets Lower
By Fergal Smith TORONTO – Canada’s dollar will gain less than previously thought over the coming year as the domestic economy has lost some sensitivity to oil prices and… SEOUL – South Korea’s foreign exchange reserves shrank for a third consecutive month in October, although by a relatively small amount, partly due to efforts of taming… By Ambar Warrick Investing.com– Most Asian currencies fell on Thursday as hawkish comments from the Federal Reserve showed that U.S. interest rates are likely to remain elevated… By Amanda Cooper LONDON – The dollar rose on Thursday, buoyed by a sharp rise in Treasury yields, after Forex brokers the Federal Reserve signaled U.S. interest rates will likely peak… Forex today was a better place for the commodity complex following a risk on session in Asia where Shanghai shares were up 2.7 pct making for the biggest gain since May 2016 and the CSI300 gained 2.92 pct, . By Gertrude Chavez-Dreyfuss NEW YORK – The dollar gained across the board on Monday, regaining some of the luster it lost earlier in the month, bolstered by expectations… By Peter Nurse Investing.com – The U.S. dollar weakened in early European trade Tuesday as traders weighed the likelihood that the Federal Reserve signals a less aggressive…
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GBP/USD, USD/CAD & S&P 500 Technical Setups
Indian shares were little changed in early trade on Thursday despite weak global cues after Fed chair Jerome Powell’s comments at the press conference post Fed meeting turned out to be more hawkish than expected. US stocks point to a weaker open after strong gains last week as investors question whether the Fed will adopt a softer stance to monetary policy after November. Whilst GBP as under pressure from talk of tax hikes, GBP/USD remains above a key support level ahead of today’s ISM and JOLTS Forex brokers job opening reports. Fed Chairman Powell hinted at a slower pace of rate hikes, but the key question is whether the peak rate will be above or below 5%… BRASILIA – Brazil’s central bank on Thursday said it would hold auctions starting on Friday to roll over $15.1 billion in traditional currency swaps maturing on Dec…. By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar slid against major currencies on Tuesday, on some expectation that the Federal Reserve will signal a slower pace…
LONDON – France, Singapore and Switzerland have launched a joint trial of their experimental central bank digital currencies in the first cross-regional trial of… Federal Reserve fully reaffirmed its commitment to fight inflation and signaled it was "very premature" to think about pausing the tightening cycle.
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China Services Activity Continues To Deteriorate In October
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People Protest Against Two School Model Education Proposal in Guernsey
The JOLTS figure today shows that the US has even more job vacancies than anticipated, which was already high. This should give the Fed confidence in raising rates by 75bps tomorrow. Solana price has recovered above a crucial support level, indicating a higher chance of an upward move.
Convergence India 2020 to Witness the ‘Next Level’ of Innovation in…
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. With the RBA only hiking rates by 25bps at each of the last two meetings, the RBNZ is the more hawkish of the two central banks. I spent 20 years as an institutional currency broker, working at some of the best broking houses in the world and traded in Cash, Bonds, and Forward Rate Agreements. I regularly closed deals of $25 million and sometimes up to $1 billion per ticket. Since then I act as an analyst, and commentator and have devised my own Forex educational course.
ECB’s Lagarde: A recession won’t be sufficient to tame inflation
Markets widely expect the BoE to raise the Bank Rate to 3.00 percent from 2.25 percent. The announcement is due at 8.00 AM ET. The BoE is also scheduled to release its monetary policy report. TOKYO – Japanese Prime Minister Fumio Kishida said on Friday the government is ready to take appropriate action against excessive volatility in the currency market. By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Wednesday, with traders cautious ahead of the conclusion of a crucial Federal Reserve meeting.