By Alexander Marrow MOSCOW -The Russian rouble strengthened on Wednesday, climbing to a near two-week high against the euro as the finance ministry held OFZ treasury… Bitcoin’s fluctuations since June fit into a triangle with a descending resistance line and horizontal support of $18.8K. With CPI due out of the UK and Japan this week, as well as the threat of BOJ intervention, GBP/JPY could continue to be volatile. FX pairs such as USD/RUB and EUR/RUB are unavailable to trade with most North American brokerages including because of Russia’s invasion of Ukraine. Talk of peak inflation was short-lived following release of Q3 inflation for New Zealand, with the annual rate sticking near its highs and the quarterly rate accelerating.

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  • The Australian Dollar dipped after underwhelming jobs data, but it revealed a still very tight labour market.
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  • The annual producer price inflation remaining at the 45.8 percent peak seen in August as well as disappointments in corporate earnings updates dragged down the benchmark index.

The Australian Dollar dipped after underwhelming jobs data, but it revealed a still very tight labour market. Get expert reaction to latest market news and seize potential opportunities. Stocks fall as inflation worries overshadow solid Q3 numbers from Netflix.

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Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. MOSCOW -The rouble strengthened to a one-week high against the dollar on Monday, supported by the start of a favourable month-end tax period, as oil prices edged lower… CAD/JPY has defied weaker oil prices, mostly thanks to a weaker yen and higher equity prices ahead of today’s inflation report. Stay up-to-date on breaking as well as relevant financial developments.

The Thai stock market on Wednesday ended the two-day winning streak in which it had gathered almost 30 points or 2 percent. The Stock Exchange of Thailand now rests just beneath the 1,590-point plateau and the losses may accelerate on Thursday. Business confidence survey data from France is due on Thursday, headlining a light day for the European economic news.

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A weak US initial jobless claims report may provide respite to bullion prices. 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. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. 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.

Liz Truss reportedly in meeting with 1922 Committee chairman, Sir Graham Brady

FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results. European stock markets are expected to open weak on Thursday amidst renewed fears over inflation and rate hikes. The surge in bond yields and anxieties over corporate earnings and economic recession could dampen sentiment in Thursday’s trade. Gold prices fell on Wednesday against rising yields and US Dollar, and prices remained under pressure in Asia-Pacific trading.

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Natural Gas Charts Point to a RallyNatural gas traded down to support with a strong price action response suggesting it may be ready to rally. Asian stocks finished mostly lower on Thursday, tracking Wednesday’s Forex brokers losses at Wall Street. PBoC’s status quo on rates and concerns about economic growth in China also dampened sentiment. Note that the content on this site should not be considered investment advice.

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This week’s UK CPI reading will still be one of the biggest factors driving the Bank of England’s early November alpariforex org decision on interest rates… And whilst it flirts with 149 traders are questioning if 150 is up next.

Less Than a Month to Go Before the Finance and Fintech Industry Meets at iFX EXPO Asia

By Leika Kihara WASHINGTON – Japan and other countries facing the fallout from a soaring U.S. dollar found little comfort from last week’s meetings of global finance… By Saqib Iqbal Ahmed NEW YORK – The U.S. dollar edged higher against a basket of currencies on Tuesday, shaking off some of the weakness of the previous session, but a… By Ambar Warrick– China’s offshore yuan hit a new low on Thursday, while most other Asian currencies slipped as fears of more hawkish moves by the Federal… By Peter Nurse – The U.S. dollar handed back some of its gains in early European trading Wednesday, while the euro rose on the back of soaring German producer… The fundamentally-light lift from the S&P 500 and other risk-leaning assets has lost traction this past session with the index’s first gap lower on the open in five sessions. Meanwhile, the USDJPY has notched its longest bull run since 1973 in a serious blow to BOJ credibility. With the Fed raising 75bps at its September meeting, the FOMC Minutes noted that the risks of doing too little outweighed the risk of doing too much.

By Leika Kihara and Daniel Leussink TOKYO -Japanese policymakers made fresh threats of intervention on Thursday after the yen tumbled past the key psychological level of… The Indian market, which opened on a weak note Thursday morning, tracking global cues, continues to languish in negative territory with several frontline stocks under selling pressure. The Indian rupee lost ground against the U.S. dollar in late morning deals on Thursday, as regional shares fell, tracking a drop in Asian shares, amid worries that aggressive monetary tightening to contain inflation could spark a global recession. Our goal is to provide traders with all the information and tools they need to trade successfully. Our team of professional traders has been testing Forex brokers for over 12 years and has helped millions of traders find the right broker.

At 2.00 am ET, Destatis releases Germany’s producer prices for September. Economists forecast prices to surge 44.7 percent on a yearly basis, but slower than the 45.8 percent increase posted in August. The potential for a continued rise in “core” inflation is what the Fed is worried about, and it is the component of the CPI report that could cement another 75bps interest rate hike… Gold stages a modest recovery from over a three-week low touched earlier this Thursday. Aggressive Fed rate hike bets, elevated US bond yields act as a headwind for the XAU/USD. Stocks rise , adding to yesterday’s strong rally as upbeat earnings distract from inflation, recession and hawkish Fed fears.

The German stock market benchmark DAX dropped further amidst renewed concerns over inflation and economic growth. The annual producer price inflation remaining at the 45.8 percent peak seen in August as well as disappointments in corporate earnings updates dragged down the benchmark index. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk broker alpari and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Today’s release of the September CPI report increases the chances that the BOC will hike rates by 75bps next week.

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