FXStreet Forex & Crypto News on the App Store
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- Let’s see what releases will influence the market due to that factor.
- Besides, you can read, filter and digest every forex news piece and receive notifications in real-time to be informed when new macroeconomic data and events are released.
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- These can be used by traders as a sort of forex news trading signal, as it can help to predict where the price of the currency is headed.
New York Fed Bank President John Williams is favoring pushing the interest rates to a restrictive level solid enough to propel inflation down and holding them till CY2024. Also, Cleveland Fed Bank President Loretta Mester believes that the Fed is not near to a pause in a rate hike, as reported by Financial Times. She added that more good inflation reports and more signs of moderation are required before building an action plan of pausing rate hikes. Looking forward, Canada’s third quarter Gross Domestic Product Annualized, expected to improve from 3.3% to 3.5%, will be important for the USD/CAD pair traders to watch for clear directions.
For special market closures on Thursday and Friday please check Trading Breaks Calendar. The GBP/USD moved downward on Monday, spurred by tensions arising in China due to Covid-19 zero-tolerance restrictions. The US Dollar Index is having a sigh after a vertical rally and is also preparing to extend its rally amid a significant decline in investors’ risk appetite. Looking forward, Japan’s Retail Trade and employment numbers for October can offer immediate directions to the GBP/JPY pair traders ahead of a speech from the Bank of England Governor Andrew Bailey. Please note that English is the main language used in our services and is also the legally effective language in all of our terms and agreements. In the event of any discrepancy between the English version and the other versions, the English version shall prevail.
Please beware of trading breaks for CFD’s and Bullion on US Memorial day, Monday 30th May. New instruments have been added on LIVE environment for Dukascopy Bank and Dukascopy Europe JForex self trading accounts. The Bank is pleased to introduce Western Union as an addition to the wide array of money transfer services offered by https://www.btimesonline.com/articles/155982/20220819/forex-broker-dotbig-ltd-online-trading-platform-review.htm Dukascopy Bank such as SWIFT, SEPA, Skrill, Neteller, and others. The news adds strength to the market’s risk-off mood but gets no major immediate response amid the early hours of the Asian session. Alternatively, recovery needs to stay beyond the support-turned-resistance, around 1.0410, to lure the short-term EUR/USD buyers.
There is also the risk of carrying positions for a longer period of time. If the news release requires a few days or weeks to materialise, https://www.investopedia.com/articles/forex/11/why-trade-forex.asp your trading positions may be open over several days. This brings overnight risk and may require you to pay additional holding costs.