Speculation and pricing related to demand is mainly influenced by many of the same major news releases noted above, plus DotBig overview commodity inventory reports and outlooks. A double no-touch option is the exact opposite of a double one-touch option.
- But, as a general rule, since the U.S. dollar is on the “other side” of 90% of all currency trades, U.S. economic releases tend to have the most pronounced impact on forex markets.
- Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors.
- Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 1 pt on indices.
- News releases such as earnings reports and changes to interest rates and inflation can significantly impact the markets.
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- When it comes to modern active trading, truer words are hard to find.
Recession fears are causing both GBP/USD and EUR/USD to move lower. This leaves traders nervous to buy the dip in Gold as it moves to its lowest level since April 2020. Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 1 pt on indices. In this week’s edition, we are getting technical on the Nasdaq, WTI, gold and USD/CNH. EUR/USD https://shiftedmag.com/dotbig-ltd-review/ has rallied as part of a 3-wave countertrend move, but with key inflation from the US on tap we’re watching prices around a key resistance cluster. Experience 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). Here’s a potential breakout setup I’m watching on the hourly chart of USD/JPY.
Daily Forex News And Watchlist: Gbp
Tesla looks set to open sharply lower on Monday as the equity market continues to battle raging storms. Last week was a momentous one in currency markets, and those of us in equity land need to keep note of this. House of Representatives declined to say if he would hold a vote on a bill restricting members of Congress and other government officials from trading in stocks, saying lawmakers needed more time to think about it. FXCM Markets Limited (“FXCM Markets”) Forex news is incorporated in Bermuda as an operating subsidiary within the FXCM group of companies (collectively, the “FXCM Group” or “FXCM”). FXCM Markets is not required to hold any financial services license or authorization in Bermuda to offer its products and services. However, the dollar’s upside momentum was so strong that the gains were quickly reversed, and an hour later, the EUR/USD had broken its previous low and actually hit a 1.5-year low against the dollar.
The S&P Global/Chartered Institute of Procurement & Supply manufacturing Purchasing Managers’ Index posted 48.4 in September, up from 47.3 in August. Sign Up NowGet this delivered to your inbox, and more info about our products and services. Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Sensex, Nifty Retreat On Weak Global Cues, Oil Price Rally
There are two barrier levels, but in this case, neither barrier level can be breached before expiration—otherwise the option payout is not made. This option is https://shiftedmag.com/dotbig-ltd-review/ great for news traders who think that the economic release will not cause a pronounced breakout in the currency pair and that it will continue to range trade.
Forex markets tend to respond the most to macroeconomic news – the kind of developments that reflect or impact broad economies. Generally speaking, forex traders can look at economic news to assess its impact on interest rates and monetary policy. News that suggests a more hawkish central bank tends to push forex pairs up in value relative to other currencies, while dovish news can cause a currency to depreciate. As discussed, our online trading platform, Next Generation, releases regular news and analysis articles for all financial markets. We also provide fundamental analysis reports from Morningstar, as well as market commentaries and updates from Reuters news on our news and insights section of the platform. By following our news, this ensures that you are always up-to-date with the latest trends and changes within the financial markets, as well as general economic announcements.