By Peter Nurse Investing.com – The U.S.

All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. By Peter Nurse Investing.com – The U.S. dollar rose in early European trading Wednesday, climbing near a 20-year high as Russian President Vladimir Putin raised tensions over… By Lucy Raitano LONDON – The pound touched a new 37-year low against the dollar on Wednesday after Russian President Vladimir Putin’s accusation of “nuclear Forex news blackmail”… TOKYO – Japan has not intervened in the currency market yet but will “most certainly” do so when necessary, the country’s top currency diplomat, Masato Kanda, said on… By Ira Dugal and Aftab Ahmed NEW DELHI -The Indian government is not averse to a weaker rupee in line with global market fundamentals, a senior official told Reuters, at… The FOMC meets on Wednesday and is likely to lift the Fed Funds rate by 75bps from 2.5% to 3.25%.

  • Sharply lower Canadian and U.S. futures, falling commodity prices and a sell-off in Asian and European markets amid mounting fears of a recession, point to a gap down opening for Canadian shares on Friday.
  • By Fergal Smith TORONTO – The Canadian dollar slumped to a two-year low against its U.S. counterpart on Wednesday before paring its decline, as investors weighed the…
  • Please note that foreign exchange and other leveraged trading involves significant risk of loss.
  • The FOMC meets on Wednesday and is likely to lift the Fed Funds rate by 75bps from 2.5% to 3.25%.
  • Take control of your trading with powerful trading platforms and resources designed to give you an edge.
  • By Ambar Warrick Investing.com– The U.S. dollar jumped to a new 20-year high against a basket of currencies on Thursday, extending gains after the Federal Reserve raised interest…

Traders increased net-short exposure to metals , but also increased their bearish outlook on GBP and JPY futures. Be wary of a “Buy the rumor, sell the fact” trade in the US Dollar after the Fed’s decision later today. The British Pound continues to languish at levels not seen since the mid-1980s as inflation and growth worries continue to glower. GAIN Global Markets Inc. is part of the GAIN Capital Holdings, Inc. group of companies, which has its principal place of business at 30 Independence Blvd, Suite 300 , Warren, NJ 07059, USA. All are separate but affiliated subsidiaries of StoneX Group Inc. I understand that residents of the US are not be eligible to apply for an account with this FOREX.com offering, but I would like to continue. Build your confidence and knowledge with a wealth of educational tools and online resources.

Could Tomorrow’s Michigan Consumer Sentiment Be The Key For The Fomcs Decision Next Week?

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The flash composite output index declined to a 20-month low of 48.2 in September from 48.9 in the previous month. The UK private sector shrank at the fastest pace since early 2021 on the negative impacts of high costs and a weaker economic outlook, flash survey results from S&P Global and the Chartered Institute of Procurement & Supply showed Friday. The composite output index came in at a 20-month low of 48.4 in September versus 49.6 in the previous month. Canadian stocks are plunging sharply on Friday with mounting fears of a recession triggering a sell-off across the board. By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trading Tuesday, but remained near a 20-year high as the market geared up for another aggressive rate… By Ambar Warrick Investing.com– China’s yuan sank to a new two-year low on Wednesday as anticipation of an upcoming Federal Reserve rate hike boosted the dollar, while concerns…

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If the inflation components are higher than expected, watch for a possible tape-bomb from the Wall Street Journal that the Fed is “more likely” to hike 100bps. Recession fears are causing both GBP/USD and EUR/USD to move lower.

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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. By Geoffrey Smith Investing.com — The yen surged as the Bank of Japan intervened to support it in the foreign exchange market for the first time since 1998, only minutes after… Stocks head lower as nerves set in ahead of the Fed’s rate decision tomorrow and after the Swedish central bank hiked rates by 1%, ahead of forecasts. By Gertrude Chavez-Dreyfuss NEW YORK – The dollar ascended close to a two-decade high on Tuesday, as investors geared up for another aggressive interest rate hike from… Stay up-to-date on breaking as well as relevant financial developments. In this week’s edition, we discuss the dollar’s latest big gains following this week’s central bank meetings, among other things.

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