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The focus this morning for local markets has been on the RBA Board meeting minutes for September and for possible clues it contained as to the Board’s view around the pace of future interest rate hikes. However, the inconspicuous comments by the central bank left EUR/CHF weary as to Forex if there are more to come. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances.
Another Down Day
By Gertrude Chavez-Dreyfuss NEW YORK -The dollar surged to a fresh two-decade high on Wednesday after the Federal Reserve raised interest rates by another 75 basis… By Gertrude Chavez-Dreyfuss NEW YORK – The euro and sterling plummeted to fresh 20-year and 37-year lows against a surging U.S. dollar on Friday after surveys showed the…
The SNB are expected to hike interest rates tomorrow, which would send their rate above zero for the first time since 2011. Of course Yellen may help in extending that range but today…right now the EURUSD is looking just a little more bearish. Keep abreast of market opportunities in the DotBig LTD FX markets with insights, actionable trade ideas and support. Take control of your trading with powerful trading platforms and resources designed to give you an edge. Dailyfxupdate.com- Our goal is to provide traders with all the information and tools they need to trade successfully.
The Dollar Is King What Will Keep It King This Week?
By Ambar Warrick Investing.com– Most Asian currencies fell further on Friday and were headed for steep weekly losses as hawkish signals from the U.S. With significant resistance above, the chance of stronger than expected inflation data, and the possibility of a “less hawkish than expected” Fed, it Is possible https://www.techmagzinepure.com/why-is-trading-cryptocurrencies-on-dotbig-profitable/ that the pair will move lower. The Riksbank feels like it got burnt one to many times by not raising interest rates enough. Therefore, it raised rates by 100bps today and said there is more to come. Tesla reacted poorly to the latest central bank developments with the stock falling 4% on Thursday.
- Because the Fed hiked rates by 75bps yesterday and said that more rate hikes are on the way.
- Main indices were not as badly hit with the S&P 500 losing less than 1% and the Nasdaq just over 1%.
- As with all such advisory services, past results are never a guarantee of future results.
- Keep abreast of market opportunities in the FX markets with insights, actionable trade ideas and support.
- SHANGHAI – China’s yuan is facing renewed downward pressure, dragged lower by a surging U.S. dollar, a hawkish Federal Reserve and widening monetary policy divergence…
- 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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