Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage. Every journey starts with a single step https://www.techgyd.com/basic-info-about-dotbig-ltd/52083/ and this is true of trend reversals as well. An economic announcement is rarely enough to quickly change a medium-term trend, but how the market reacts to surprises can give the first clue that sentiment is starting to shift. This offers traders an opportunity to open positions at the very start of a new trend.
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- These events can all have an effect on market sentiment and cause major price swings within the financial markets.
- The euro hit a six-month high against the dollar but later slipped back amid uncertainty over next month’s French parliamentary elections.
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Whilst traders remain net-long the US dollar, around $7 billion of net-long exposure was unwound last week alone. In this week’s edition, we discuss the dollar, yuan and euro, and look forward to the week ahead. The main focus of the week will be economic data, namely the European CPI, US Core PCE, and US Non-Farm Payrolls. This week is off to a bit of a slow start, but AUD price action could pick up once the RBA prints the minutes of its latest policy meeting. Price action was mixed between the majors, with CHF taking the top spot due to a slight risk-off lean, and CAD falling to last as oil prices tanked. A crypto exchange has come a long way since launching in March and now offers a branded Visa card and feeless peer-to-peer payment platform.
Daily Forex News and Watchlist: EUR/CHF
Download our app and get the most relevant live news that have an impact on the currency markets. Momentum trading is a popular trading strategy based on entering trades during clear trends and https://www.dukascopy.com/swiss/english/forex/trading/ exiting before the reversal, finding trading opportunities from the continuous price action. Learn common strategies and the best indicators to determine entry points for momentum trading.
Japan, long known for their lack of inflation, has just seen consumer prices rise to their highest levels since 1982. Get expert reaction to latest market news and seize potential opportunities. The Riksbank meets on Thursday and the decision to raise by 75bps or 100bps could have implications for the next direction in EUR/SEK. Experience DotBig.com award-winning platforms with fast, reliable execution and enjoy tight spreads on FX – as low as 0.2 for EUR/USD (with fixed $5 commissions per 100K). With not a lot of data on tap, traders could continue to trade the possibility of a Fed slowdown. Determine significant support and resistance levels with the help of pivot points.
How midnight forex trading in Singapore led to a London hedge fund founder’s arrest
Both the CPI and PPI are pointing towards a slowdown in the pace of interest rate hikes for the Fed, to 50bps from 75bps. Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 1 pt on indices.
Apple Inc. may face production shortfall of as many as 6 million iPhone Pro units this year due to ongoing protests at its major China plant, Bloomberg reported citing a person familiar with assembly operations. Following the news, Apple shares were losing around 2.2 percent in pre-market activity on the Nasdaq. The product and services on this website are not available for Hong Kong residents. Information should not be regarded as advice, recommendations or opinion in relation to acquiring, holding or disposing of Mitrade’s products. The CBN says the proposed central bank digital currency will offer parity of value and will operate as a non-interest-bearing CBDC. FinBERT is a pre-trained NLP model to analyze sentiment of financial text.