Anxiety lingered ahead of the interest review due by the Fed, ECB and Bank of England in the ensuing days. The Bank of Japan conducted an unscheduled bond buying operation on Thursday after the benchmark bond yields exceeded the ceiling. The BoJ targets 10-year Japanese government bond yield of zero percent, with a cap of 0.25 percent.

forex news

Tesla stock falls over 5% as earnings released post-session on Wednesday. Tesla CEO Elon Musk remains bullish on prospects for the EV leader. The last few weeks have been wild for sterling as political chaos haunted investor attraction towards the currency.

Forex News

The Federal Reserve will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal ex ess Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday. Learn how to trade forex in a fun and easy-to-understand format.

forex news

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money. Yesterday, the Bureau of Labor Statistics released a higher-than-expected Producer Price Index with 0.2% m/m growth in September, meaning producers are still raising exness markets prices for goods and services. The dollar Tuesday recovered from a 1-1/2 week low and posted modest gains. Weakness in the yen Tuesday supported the dollar after the yen fell to… Our goal is to provide traders with all the information and tools they need to trade successfully.

US Mortgage Rates Rise for a Sixth Consecutive Week to 6.7%

On our app you will get the most important crypto news and the most relevant technical and on-chain analysis for the top cryptos, including Bitcoin, Ethereum, Cardano, Ripple, Dogecoin or Shiba Inu, among plenty of other coins. Indonesia’s central bank raised interest rates for a third policy session in a row, as expected, to rein in the rising inflation and to strengthen the weakening rupiah exchange rate, which was caused by increased capital outflows. Gold stages a modest recovery from over a three-week low touched earlier this Thursday, as the US dollar extends its retreat amid a positive shift in market sentiment. Aggressive Fed rate hike bets and elevated bond yields acted as a headwind for XAU/USD, earlier on. FXStreet has all the news about the currency and commodity markets in real-time. Download our app and get the most relevant live news that have an impact on the currency markets.

  • A report released by the National Association of Realtors on Thursday showed a continued decrease in U.S. existing home sales in the month of September.
  • FXStreet has all the news about the currency and commodity markets in real-time.
  • Asian shares rose on Tuesday, tracking the positive overnight cues from Wall Street as global sentiment improved.
  • The U.S. dollar rose today pushing USD/JPY so high that it almost reached the 150 level.

The Forex Market Map provide a quick visual view of the foreign exchange markets and how they are performing on the day, as well as how they are performing versus other major currencies. As forex traders, it’s important to pay attention to major economic data releases, speeches from government officials, and geopolitical events. We introduce people to the world of trading currencies, both fiat and crypto, through our non-drowsy educational content and tools. We’re also a community of traders that support each other on our daily trading journey. Markets Rally As Sentiment ImprovesAsian shares rose on Tuesday, tracking the positive overnight cues from Wall Street as global sentiment improved.

Philadelphia Fed business index -8.7 vs. -5.0 estimate

Because this information usually reflects the strength of a given economy and may indicate the future direction of a given currency. Here’s a neat pullback setup I’m watching on the hourly chart of USD/JPY. Our gain and loss percentage calculator quickly tells you the percentage of your account balance that you have won or lost. The RBA meets more often than many of its peers, and therefore, it felt justified in only raising rates by 25bps on October 4th. 150 is a level we’re all watching on USD/JPY – and the questions is not so much if it will be tested, but what will happen if or when it breaks.

Determine significant support and resistance levels with the help of pivot points. Find the approximate amount of currency units to buy or sell so you can control your maximum risk per position. Get expert reaction to latest market news and seize potential opportunities.

Our team of professional traders has been testing Forex brokers for over 12 years and has helped millions of traders find the right broker. The Federal Reserve Bank of Philadelphia released a report on Thursday showing a continued contraction in regional manufacturing activity in the month of October. The Philly Fed said its diffusion index for current activity inched up to a negative 8.7 in October from a negative 9.9 in September, but a negative reading still indicates a contraction.

Follow Bloomberg Markets

Check our economic calendar in real-time and get all details on how macroeconomic data releases and other important fundamental events impact the Forex markets. You can also follow live cryptocurrency prices measured against different currencies and other cryptos on our live rates tab. It was a Friday of mixed fortunes for the crypto market. While XRP continued to trend higher, the US jobs report tested crypto investor appetite. Bulgaria’s inconclusive election result earlier this month will test the government’s timetable for adopting the euro and capacity to address economic and political repercussions of Russia’s war in Ukraine. The crypto market found much-needed support this morning. However, while crypto news was positive, downside risks linger for the day ahead.

The central bank held bond buying operations as the yield rose to 0.255 percent on Thursday. First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended October 15th, according to a report released by the Labor Department on Thursday. The report showed initial jobless claims slipped to 214,000, a decrease of 12,000 from the previous week’s revised level of 226,000. Forex trading involves significant risk of loss and is not suitable for all investors. Don’t wait for any more to download the FXStreet mobile app and receive the best Forex brokers and analysis in real-time.

With FNG’s Newsletter you’ll get all the latest breaking FX Industry news stories – in a concise daily email, directly to your Inbox. Update it to the latest version or try another one for a safer, more comfortable and productive trading experience. FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

That’s why the best traders stay one step ahead of the action. You will be provided with reliable currency change prices and a Trade View about the most essential information of the market, including EUR/USD, GBP/USD, USD/JPY, XAU/USD, BTC/USD, ETH/USD, XRP/USD and much more. However, XRP get bullish on the main news story of the morning, Ripple’s latest Court filing.

Leave a Reply

Your email address will not be published. Required fields are marked *