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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. Canadian stocks are turning in a mixed performance on Friday with investors digesting a slew of earnings updates and the latest batch of economic data. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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Dax and FTSE have had a good run this week despite higher rates and political uncertainty that continues to rattle markets. Note that the content on this site should not be considered investment advice.
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 ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Russia’s central bank left its interest rate unchanged on Friday after six consecutive rate cuts as inflation expectations moved higher.
Economic Calendar
All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. By Leika Kihara, Saqib Iqbal Ahmed and Gertrude Chavez-Dreyfuss TOKYO/LONDON/NEW YORK — Japanese authorities likely intervened in markets to stem the slide of the… By Saqib Iqbal Ahmed NEW YORK -Speculators’ net long bets on the U.S. dollar edged higher in the latest week, according to calculations by Reuters and U.S. By Yasin Ebrahim Investing.com — The pound’s rebound since hitting an all-time low may soon run out of steam as the challenges facing new Prime Minister Rishi Sunak have deepened… LONDON — Britain would have the power to regulate all cryptoassets under a proposal the UK financial services minister has added to a draft law before parliament that…
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- Will the Fed consider an ECI reading of 1.2% to be “uncomfortably higher”?
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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.
NAR said its pending home sales index tumbled by 10.2 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… MOSCOW — The Russian rouble stabilised on Monday, supported by a favourable month-end tax period and the prospect of upcoming dividend payments, which also pushed stocks… MOSCOW — The Russian rouble edged marginally lower against the dollar on Tuesday, as the end of a favourable month-end tax payments period drew close, while investors… SHANGHAI/BEIJING — Major Chinese state-owned banks sold U.S. dollars in both onshore and offshore markets in late trade on Tuesday to prop up the weakening yuan, two… By John McCrank NEW YORK — The U.S. dollar sank more than 1% against a basket of peers on Wednesday as weakening economic data firmed views that the Federal Reserve will…
Two trades to watch: USD/CAD, Gold
The Board of Directors of the Bank of Russia decided to retain the key interest rate at 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. By John McCrank NEW YORK -The dollar edged higher on Monday despite another suspected foreign exchange intervention by Japan, while sterling was choppy after Rishi Sunak…
Forexlive Americas FX news. Stocks higher. Yields higher. Dollar mostly higher
Intel produced adjusted earnings per share of $0.59, which was near twice the $0.33 expected. According to data from crypto options and futures exchange Deribit, on October 28, $2.4 billion worth of Bitcoin and Ethereum options expired. ETH witnessed a massive recovery, and BTC climbed above the $20,000 level. Gold is having a difficult time staging a rebound in the second half of the day and trades deep in negative territory below $1,650. The benchmark 10-year US Treasury bond yield is up nearly 1% on the day after the latest US data, forcing XAU/USD to stay under bearish pressure. By Jamie McGeever ORLANDO, Fla. — Japan’s historic FX market intervention on Sept. 22 failed to stem the wave of speculative bets against the yen, culminating in a fresh… By Peter Nurse Investing.com — The U.S. dollar edged higher in early European trading Monday, absorbing suspected intervention by the Bank of Japan, while sterling pushed higher as…
Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy. Economic data beats are usually a good thing, unless it is in the guise of much higher than expected inflation.
Week Ahead: More Central Banks, CPI, NFP and earnings
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