Meanwhile, the returns on US treasury bonds have resurfaced after dropping below 3.65%. The 10-year US Treasury yields have rebounded above 3.69% on hawkish commentaries from Federal Reserve policymakers over interest rate guidance. EUR/USD has turned sideways as Forex investors await the release of the Eurozone HICP for further guidance. With this, the yellow metal’s downside break of the stated support line, close to $1,740, immediately precedes the metal’s fall toward the 100-day Exponential Moving Average surrounding $1,726.
- The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release.
- By Scott Murdoch SYDNEY – Stocks and oil weakened on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID policy raised worries about management of the virus in the world’s second-largest economy.
- Our renowned analysis brings you the latest opinions and commentaries to keep ahead of the markets.
- Open an account quickly and easily – you could be set up and trading forex today.
- Trading on news releases can, therefore, prove vastly beneficial to traders and can significantly strengthen their trading strategy by adding economic announcements to their purely technical and charting approach.
- Unless China uncertainty strikes the way it did over the weekend – Asian session understandably took the bulk of the hit but the rush to bonds appears receding for now.
China refreshed the all-time high daily Covid infections by printing around 40,300 new cases and justified the government’s status quo on the Zero-Covid policy despite the widespread protests to turn down the same. Also, Cleveland DotBig Fed Bank President Loretta Mester believes that the Federal Reserve is not near to a pause in a rate hike, as reported by Financial Times. The impact that a significant news story can have upon the markets is huge.
NZD/USD down despite rise in retail sales
Restrictions on offering monetary and non-monetary incentives to retail investors and we may offer you incentives to trade with us. The information on this website does not take into account the investment objectives, financial situation and needs of any particular person. Get access to our expert weekly market analyses and discover how your currency DotBig has been tracking with our tools. The US will celebrate Juneteenth National Independence Day on Monday, June 20th. For special market closures on Monday please check Trading Breaks Calendar. Please beware of reduced liquidity and special trading breaks for CFD’s and Bullion on Monday 4th of July 2022 due to Independence Day celebrations in the US.
Coronavirus headlines, Fed policymakers’ comments will be helpful for intraday directions. IG International Forex news Limited is part of the IG Group and its ultimate parent company is IG Group Holdings Plc.
Oil prices rise, gold in a range
Of course, forex trading is not as simple as the above example and extra precautions should be taken. For example, Forex Factory also has one of the most popular places to find economic news and financial market news on the internet. Dukascopy Bank https://www.forbes.com/advisor/investing/what-is-forex-trading/ enables new cooperation with the registered Swiss/Lichtenstein digital assets exchange Smart Valor. AUD/USD is flat as we approach Tokyo but is at risk of updates relating to China’s coronavirus spread, subsequent lockdowns and protests thereof.
Gold price flirts with the $1,740 support amid a sluggish Asian session on Tuesday, following a downbeat start to the key week. Trading the news is https://generalknowledge360.com/a-detailed-review-of-the-conditions-of-the-dotbig-broker/ a basic trading strategy that is accessible to beginner traders as well as experienced traders but time and practice is needed to get it right.