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A Guide Retail sales is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk 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. A carry trade is a trading strategy that involves borrowing a low-yield currency and investing in a high-yielding asset to exploit the interest rate differential. Carry trades are most common in forex trading with traders borrowing the low interest Japanese yen to buy higher interest currencies.

SHANGHAI – The yuan briefly touched a 1-1/2-week high against the dollar before giving back all the gains by midday on Thursday as Chinese cities tightened curbs against… By Georgina Lee and Samuel Shen HONG KONG/SHANGHAI – China’s digital yuan took the centre stage in the world’s largest cross-border central bank digital currency … By https://payhip.com/b/ewQyK John McCrank NEW YORK – The euro dropped more than 1% on Thursday, falling back below parity with the dollar, after the European Central Bank raised interest… A volatile session for the yen on Friday likely points to a currency intervention from the BOJ or MOF, in an attempt to stop or at least pause the currency’s fast depreciation.

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• 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.
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Learn what currency pairs work best and how to execute the strategy yourself in our full guide. The Bank of Canada has raised rates by 50bps vs an expectation of 75bps. In doing so, the central bank said that more rate hikes are yet to come.

Forex News

This website is free for you to use but we may receive commission from the companies we feature on this site. The information and news provided on MyForexNews.com are solely for reference purposes only. The completeness, and timeliness of the articles posted here may vary and are not necessarily accurate at all times. The reader is solely responsible for his/her use of such information and trading news and the appropriateness of the same to him/her. A report released by the Commerce Department on Friday showed personal income in the U.S. rose by slightly more than expected in the month of September.

Today’s release of the September CPI report increases the chances that the BOC will hike rates by 75bps next week. Disappointing earnings from Alphabet and Microsoft have unnerved investors pulling the Nasdaq sharply lower. The National Association of Realtors released a report on Friday showing pending home sales in the U.S. plunged by much more than expected in the month of September. NAR said its pending home sales index tumbled by 10.2 https://www.cnbc.com/money-in-motion/ percent to 79.5 in September after falling by 1.9 percent to a revised 88.5 in August. Despite spending much of the day’s trading session, the Switzerland stocks market closed higher on Friday thanks to some brisk buying at several counters in the last couple of hours. CAIRO – Egypt will develop a new currency indicator partly to wean people off the idea that the Egyptian pound should be pegged to the U.S. dollar, the new central bank…

Economic Calendar

Stay up-to-date on breaking forex news as well as relevant financial developments. CAD/JPY has defied weaker oil prices, mostly thanks to a weaker yen and higher equity prices ahead of today’s inflation report.

ForexNews.World delivers real time updated forex news and market research. We are leading source for latest news on cryptocurrency along with technical analysis on the foreign currency, commodities and trading strategies.

Price Action: The Power of the Wick

Russia’s central bank left its interest rate unchanged on Friday after six consecutive rate cuts as inflation expectations moved higher. The Board of Directors of the Bank of Russia decided to retain the key interest rate at forex news 7.50 percent. 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.

With both the ECB and the BOJ meetings this week, EUR/JPY could be volatile. Add in the threat of intervention by Japan, and the pair could really swing. In this week’s edition, we are getting technical on the USD/CNH, Gold and S&P 500.

Major bank CEO warns that the perfect economy…

Imperial Oil Ltd. (IMO, IMO.TO) reported on Friday that third-quarter net income soared to C$2.03 billion or C$3.24 per share from C$908 million or C$1.29 per share in the prior-year quarter. After an initial uptick and a subsequent fall into negative territory, the Canadian market recovered and eventually closed on a firm note on Friday. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider.

The technicals are having a profound impact in the major currency pairs today.Find out why

Revised data released by the University of Michigan on Friday showed U.S. consumer sentiment improved by slightly more than originally estimated in the month of October. The report showed the consumer sentiment index for October was upwardly revised to 59.9 from the preliminary reading of 59.8. European stocks started off on a negative note on Friday, but with investors reacting to a slew of earnings updates and economic data, recovered gradually as the session progressed to eventually close broadly higher. SHANGHAI/BEIJING -China’s foreign exchange regulator sent a survey to some banks late on Monday asking them about their positioning in the currency market, three sources… By Peter Nurse Investing.com – The U.S. dollar stabilized at lower levels in early European trading Tuesday as traders factored in a potentially less hawkish Federal Reserve,… By Peter Nurse Investing.com – The US dollar stabilized in early European trading Thursday, after overnight losses, while the euro pushed above parity ahead of an expected jumbo… By Peter Nurse Investing.com – The U.S. dollar stabilized in early European trade Friday ahead of the release of key inflation data, while the Japanese yen edged lower after the…

The broker proposes multiple different account types that fit the needs of other customers. NZD/USD Outlook Mired by Failure to Clear October Opening RangeNZD/US may struggle to retain the advance from earlier this month if the exchange rate fails to clear the October high (0.5814). (This Oct.22 story has been corrected forex news to show dollar, not yen, fall in paragraph 3) By Shinji Kitamura and Yoshifumi Takemoto TOKYO – Japan intervened in the foreign… By Leika Kihara and Tetsushi Kajimoto TOKYO – Japanese authorities are relying heavily on psychological tactics to fight yen bears, which means keeping markets guessing…

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