In this week’s edition, we discuss the dollar ahead of the big central bank meetings next week. With central bank meetings from the FOMC, BOE, and ECB, along with CPI data from the US and UK, this is sure to be one of the busiest weeks of the year. Keep abreast of market opportunities in the FX markets with insights, actionable trade ideas and support.

Learn how to trade forex in a fun and easy-to-understand format. By Fergal Smith TORONTO — Canada’s dollar will rally over the coming year as major commodity consumer China loosens its COVID-19 restrictions and the Federal Reserve… EUR/JPY Breaks Horizontal Resistance, Eyeing Triangle BreakoutThe pair is at an interesting point at present with price action https://www.thestreet.com/topics/stock/top-rated-equity-freight-logistics giving mixed signals. Price is being squeezed with the apex of the triangle approaching, a breakout is imminent. XAU/USD Seeks Rising Wedge BreakoutSpot gold has been at the mercy of the US dollar and will continue to do so while XAU/USD considers bearish breakout potential. Recent Bitcoin prices has been hampered by narrowing volatility and no growth.

Featured Educational Content

Discover the London FX session, the best currency pairs to trade and how to trade breakouts. Based on the limited figures we have access to, there’s some evidence that the labor market has deteriorated https://dailybayonet.com/dotbig-ltd-forex-broker-detailed-review/ over the last month… Chances are that Powell and gang stick to the plan and only hike 50bps. However, that’s not to say that they can’t increase rates later if they deem it necessary.

• XAUUSD regained the $1,800 threshold on Tuesday after the US reported inflationary pressures kept easing in November, as the annual CPI was up by 7.1%, down from 7.7% in October.
• It’s a busy week for market players everywhere as we price in FOUR central bank decisions and a few key inflation and labor market reports.
• It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
• U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending December 9, 2022 which was 459,000 barrels per day less than the previous week’s …
• We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.

XAUUSD regained the $1,800 threshold on Tuesday after the US reported inflationary pressures kept easing in November, as the annual CPI was up by 7.1%, down from 7.7% in October. We introduce people to the world of trading currencies, both fiat and crypto, through our non-drowsy educational content and tools. We’re also a community of traders that support each other on our daily trading journey.

By John McCrank NEW YORK — The dollar gained against the yen, the euro and the pound on Monday after data showed that U.S. services industry activity unexpectedly picked… By Caroline Valetkevitch NEW YORK — The U.S. dollar was up slightly against the euro and yen on Tuesday as U.S. stocks sold off, while investors were trying to position… By Caroline Valetkevitch NEW YORK — The U.S. dollar weakened slightly against major currencies on Wednesday amid concerns that rising interest rates could push the U.S…. By John McCrank and Amanda Cooper NEW YORK -The dollar edged lower on Thursday against the euro as investors weighed the outlook for U.S.

Bitcoin hits the ceiling

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. With the US CPI, FOMC, UK CPI, BOE, and other second tier data scattered throughout the week, GBP/USD could be extremely volatile. Needs to review the security of your connection before proceeding. Choose from standard, commissions, or DMA to get the right pricing model to fit your trading style and strategy.

None of the blogs or other sources of information is to be considered as constituting a track record. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results. By Ambar Warrick Investing.com— Most Asian currencies kept to a tight range on Wednesday in anticipation of an interest rate hike and more cues on monetary policy from the… How Central Banks Impact the Forex Market Discover how policies and interest rate hikes of central banks impact forex and trading decisions.

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Gold trades lifeless at around $1,810 as market players await the Fed monetary policy announcement.

Daily Forex News and Watchlist: AUD/USD

A tap and you are good to find all the important stuff regarding forex. Never ever miss a single news by using this app. The consensus is that the BoE will slow the pace of hiking, as we are expected to see with the week’s other major central bank decisions. By Ambar Warrick Investing.com— Most DotBig.com Asian currencies rose slightly on Friday while the dollar retreated in anticipation of U.S. inflation data, with the Chinese yuan set to… Import prices in the U.S. declined for the fifth consecutive month in November, according to a report released by the Labor Department on Wednesday.

Notifications

Trading on margin increases the financial risks. By Ambar Warrick Investing.com— Most Asian currencies kept to a tight range on Wednesday as markets weighed more signs of an economic reopening in China against growing concerns… By Ambar Warrick Investing.com— Most Asian currencies moved little on Tuesday, while the dollar ticked lower as caution kicked in ahead of https://dailybayonet.com/dotbig-ltd-forex-broker-detailed-review/ key U.S. inflation data that is expected… By Alden Bentley, Alun John and Amanda Cooper LONDON/NEW YORK — The dollar hovered near its lowest levels since June against the euro and pound on Wednesday, as traders… The Canadian market is likely to open on a cautious note on Wednesday with investors looking ahead to the Federal Reserve’s monetary policy announcement.

It’s a busy week for market players everywhere as we price in FOUR central bank decisions and a few key inflation and labor market reports. By Ambar Warrick Investing.com— Most Asian currencies fell on Monday, while the dollar rose as markets hunkered down ahead of highly awaited signals on U.S. monetary policy from… By Gertrude Chavez-Dreyfuss NEW YORK — The dollar gained against most currencies on Monday in choppy trading ahead of key data expected to show U.S. inflation moderating… Same last minute rally happened few months ago just before CPI data release. At that time, CPI was worst than expected and market sank 2% to 3% within second of data release. 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.

ECONOMIC INDICATOR

Ahead of its 2022 Investor Day in New York City later on Wednesday, Lennox International Inc. initiated its 2023 financial guidance and long-term financial targets for 2026. Barbeque brand Weber Inc. reported Wednesday that net loss for the fourth quarter widened to $152.12 million or $0.53 per share from $86.07 million or $0.13 in the prior-year quarter. DotBig broker And we have tomorrow’s FOMC fun and games to look forward to still. Softer than expected CPI (bear in mind that Core CPI was only 0.1ppt below expectations) … Inflation came in below expectations this morning, with headline CPI inflation dipping to 7.1% year-on-year (0.1% month-on-month) and core CPI inflation dipping to 6% year-on-year …