In this week’s edition, we are getting technical on the FTSE, Copper, EUR/USD and USD/CHF.
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.
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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 https://forexreviewdaily.com/alpari-limited/ 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.
The Australian Dollar dipped after underwhelming jobs data, but it revealed a still very tight labour market. Get expert reaction to alpari forex latest market news and seize potential opportunities. Stocks fall as inflation worries overshadow solid Q3 numbers from Netflix.
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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 https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work decision on interest rates… And whilst it flirts with 149 traders are questioning if 150 is up next.
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- The Stock Exchange of Thailand now rests just beneath the 1,590-point plateau and the losses may accelerate on Thursday.
- 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.
- By Leika Kihara WASHINGTON -Japan’s top currency diplomat Masato Kanda on Friday said authorities are ready to take decisive action in the currency market if excessive…
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 https://forexreviewdaily.com/ 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.
Tesla technical analysis: Should I buy?
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, Forex brokers 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 FOREX.com 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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By Tetsushi Kajimoto TOKYO -Japanese authorities kept up their verbal warnings to the market on Monday of a firm response to any overly rapid yen declines, after a… By Ambar Warrick Investing.com– Most Asian currencies moved little on Tuesday as the dollar steadied from overnight losses, while the New Zealand dollar surged after… By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trading Tuesday, while sterling largely retained overnight strength as investor sentiment soared as… By https://forexreviewdaily.com/ Chang-Ran Kim and Leika Kihara TOKYO -Japanese authorities repeated their warnings about the yen’s precipitous fall against the dollar on Wednesday, with Finance… By Ambar Warrick Investing.com– Most Asian currencies moved little on Wednesday as hawkish comments from Federal Reserve officials helped stem recent losses in the dollar, while… By Tejaswi Marthi – Bearish bets on Asian currencies stayed firm due to the unrelenting strength of the U.S. dollar, as ultra-hawkish posturing by most central banks…
ForexNews.World delivers real time updated Forex brokers and market research. We are leading source for latest news on cryptocurrency along with technical analysis on the foreign currency, commodities and trading strategies. We are go to source for you to get breaking news stories and in-depth market updates from around the world.
This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct https://forexreviewdaily.com/alpari-limited/ your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trading Wednesday, bouncing from a two-week low, while sterling slipped back after U.K.
Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from global markets overnight, as traders remained concerned about a global recession after data alpari forex broker showed a sharp acceleration in UK inflation. A jump in US treasury yields to its highest closing level in over fourteen years also strengthened the US dollar against Asian currencies.
