Stock market news that has little or no impact on currencies includes earnings reports, management changes, mergers and acquisitions and partnerships. Therefore, it may be easier for some to make more reliable trading predictions on how the market will perform. However, if a company releases a report with considerably lower financials than expected, this can cause a rally for traders to short the stock as its value is decreasing. Traders can perform company analysis before deciding whether to invest in a stock. This includes analysing its growth rate potential, as well as any potential legal, political or insolvency risks. Financial ratios such as price/earnings along with dividend yields can also indicate whether a stock is a healthy investment right now. With the FXStreet app, you can stay informed about market news and currency changes.
In our crypto guides, we explore bitcoin and other popular coins and tokens to help you better navigate the crypto jungle. From basic trading terms to trading jargon, you can find the explanation for a long list of trading terms here. The Riksbank meets on Thursday and the decision to raise by 75bps or 100bps Forex news could have implications for the next direction in EUR/SEK. The US dollar has found some stability following hawkish comments from Fed members, which has seen a double top pattern form on EUR/USD’s daily chart. USD/CAD made a large move higher today, though it doesn’t seem like it was based on fundamentals.
- Economists had expected employment to jump by another 200,000 jobs.
- The US dollar has found some stability following hawkish comments from Fed members, which has seen a double top pattern form on EUR/USD’s daily chart.
- Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors.
- By Skerdian Meta, Lead AnalystBitcoin’s price has risen beyond the $16,500 resistance level.
- The FX Leaders news feed is a great way to stay on top of the evolving global marketplace.
Based on the limited figures we have access to, there’s some evidence that the labor market has deteriorated over the last month… FinBERT is a pre-trained NLP model to analyze sentiment of financial text. The product and services on this website are not available for Hong Kong residents. Information should not be regarded as advice, recommendations or opinion in relation to acquiring, holding or disposing of Mitrade’s products.
Everything You Need In An FX News Service
The bank’s director general Ulrich Bindseil states that regulation of cryptocurrencies is not equivalent to legalization. Gold price came under renewed bearish pressure and declined toward $1,750, erasing a large portion of the daily gains. Ahead of FOMC Chairman Powell’s highly-anticipated speech, the 10-year US T-bond yield is up more than 1% on the day, weighing on XAU/USD. With help from Forex markets, non-USD stablecoins may be the ticket to recognizing the full potential of DeFi. When it comes to modern active trading, truer words are hard to find.
If you have any problems with your access or would like to request an individual access account please contact our customer service team. These two types of analysis may be more effective when used together, rather than solely relying on one for all trading decisions. My previous signal on 9th November was not triggered, as there was no bullish price reaction when any of the support levels were first reached that day. Revised data released by the Commerce Department on Wednesday unexpectedly showed the U.S. economy grew by more than previously estimated in the third quarter.
Two trades to watch: EUR/GBP, Gold
MNI Indicators released a report on Wednesday showing Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of November. The report showed the Chicago business barometer tumbled to 37.2 in November from 45.2 in October, with a reading below 50 indicating a contraction. https://forexreviewdaily.com/ Price action was mixed between the majors, with CHF taking the top spot due to a slight risk-off lean, and CAD falling to last as oil prices tanked. Build your trading knowledge with our interactive courses, covering everything from how the markets work to complex technical strategies.
Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. The ability to read between the lines is a big part of being a successful trader. Without the proper context, the potential market impact of a breaking news item or scheduled economic event can seem to be a mystery. Understanding the event, which markets will be affected, and how to profit from the action are https://forexreviewdaily.com/roboforex/ skills derived from years of experience. That is where the team at FX Leaders comes in ― they have the know-how to recognize which news items are market-movers, and which are simply noise. Gold kicked off the week on a positive note as unrest in China over Covid restrictions strained global sentiment. A growing sense of anticipation ahead of the US jobs report along with other top-tier data this week added to the overall caution, leaving investors on edge.
Week Ahead: Now that US-China Trade Deal is Signed, What’s Next?
Our Morningstar equity research reports are updated regularly with new information about company fundamentals. These are available for a wide range of shares on our platform and can also indicate whether they are considered to be overvalued, fairly valued or undervalued within the stock market. This information may help traders to make a decision on whether to enter a position or not. Register for a live account now to access our Morningstar reports. On the supply https://finviz.com/forex.ashx side, news that suggests a lower supply can push up prices, while news that suggests higher supply can depress prices, which can then impact related currencies. News that could reflect changes in supply may cover political tensions, wars, terrorism, weather, economic sanctions, labour relations and more. Speculation and pricing related to demand is mainly influenced by many of the same major news releases noted above, plus commodity inventory reports and outlooks.
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The impact that a significant news story can have upon the markets is huge. Wouldn’t it be nice to know what is going to happen while you are away from the trading screen and how your open positions will be affected? There is also the risk of carrying Forex brokers positions for a longer period of time. If the news release requires a few days or weeks to materialise, your trading positions may be open over several days. This brings overnight risk and may require you to pay additional holding costs.
Our gain and loss percentage calculator quickly tells you the percentage of your account balance that you have won or trading robo forex lost. Find the approximate amount of currency units to buy or sell so you can control your maximum risk per position.
The dollar Monday recovered from a 3-1/2 month low and posted moderate gains after hawkish Fed comments pushed T-note yields higher. Higher Forex brokers T-note yields Tuesday supported the small gain in the dollar. Also, weakness in stocks spurred liquidity demand for the dollar.