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. The S&P 500 broke out to a fresh three month high after CPI was released this morning. Sellers snapped that move back very quickly, and the focus now shifts to tomorrow’s FOMC. This is the "end of the beginning" in the war against higher inflation – yet markets will likely see the beginning of the end, as they are always looking forward. Based on the limited figures we have access to, there’s some evidence that the labor market has deteriorated over the last month… Although it had an immediate impact on the markets once it was released, the PPI print alone shouldn’t have too much influence on the FOMC decision.

We rely on reader support and your contribution will enable us to keep delivering quality content that’s open to everyone across the world. With not a lot of data on tap, traders could continue to trade the possibility of a Fed slowdown. We’re seeing downbeat data from Australia and China, but can risk-taking continue to prop AUD/CHF higher? Determine significant support and resistance levels with the help of pivot points. Learn how to trade forex in a fun and easy-to-understand format. By Ambar Warrick Investing.com— Most Asian currencies slipped on Tuesday as renewed fears of rising U.S. interest rates largely offset optimism over easing COVID-19 restrictions… By Peter Nurse Investing.com — The U.S. dollar weakened in early European trade Friday as fears that the U.S. economy was heading towards recession mounted, ahead of next week’s…

Commodity News

Export prices in South Korea were up 8.6 percent on year in November, the Bank of Korea said on Thursday — slowing from 13.5 percent in October. EUR/JPY DotBig LTD Breaks Horizontal Resistance, Eyeing Triangle BreakoutThe pair is at an interesting point at present with price action giving mixed signals.

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. The Labor Department said import prices slid by 0.6 percent in November after falling by a revised 0.4 percent in October. Free market economies, sometimes shortened to just market economies, describe nations whose financial systems are largely regulated by freely moving market forces of supply and demand. Learn more about how market economies operate, the political theory they’re founded on, and whether they work in our guide. Today’s NFP report is the main event for traders, and the consensus forecasts is for headline job growth to soften to 200k , and the unemployment rate remain at 3.7%.

Keep track of the latest currency market moves as they develop. Stay up-to-date on breaking forex news as well as relevant financial developments. 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. The Canadian market is modestly higher, recovering from some early weakness, amid cautious moves by investors ahead of the Federal Reserve’s monetary policy announcement, due later in the day. Get all the news on the go – no matter if you are travelling, on vacation, no time to search for news – all the time forex comes handy. A tap and you are good to find all the important stuff regarding forex. Never ever miss a single news by using this app.

Daily Forex News and Watchlist: USD/JPY

If Core PCE continues to fall over the coming months, the Fed may end up hiking rates less than it expects, or even cutting rates before the end of next year. 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. The RBA used the last meeting of the year to hike interest rates https://kellerlogistics.com/ by another 25bp – its eighth hike in as many meetings. USD/JPY is one of the more interesting pairs to watch in this data-light session, as it tests a key support level. Stay informed with real-time market insights, actionable trade ideas and professional guidance. Find the approximate amount of currency units to buy or sell so you can control your maximum risk per position.

• Determine significant support and resistance levels with the help of pivot points.
• A tap and you are good to find all the important stuff regarding forex.
• 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…
• Based on the limited figures we have access to, there’s some evidence that the labor market has deteriorated over the last month…
• Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
• By Peter Nurse Investing.com — The U.S. dollar edged lower in early European trade Tuesday amid caution ahead of the release of the latest U.S. consumer inflation and the final…

Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. This app has great potential, I have 3 suggestions, 1. Add the DotBig.com ability to filter, I for one only trade USD/JPY at the moment, euro or aud news,technicals and fundamentals are valueless to me e.g this would save data and time to sync., 2. Discard the full screen ads, who wants to see useless full screen ads while day trading ? Enable custom nofications, for technicals only or everything, and let us see the contents in the notification ticker, number of articles is not enough.

We’re also a community of traders that support each other on our daily trading journey. 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… By Ambar Warrick Investing.com— Most Asian currencies moved little on Tuesday, while the dollar ticked lower as caution kicked in ahead of key U.S. inflation data that is expected…

Powell Q&A: Strong view of FOMC is need to stay with rates high until inflation falls

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 https://howandwow.info/dotbig/ policy from the… We introduce people to the world of trading currencies, both fiat and crypto, through our non-drowsy educational content and tools.

Is ECB Ready For A Dovish Shift?

Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.

Weekly currency forecast

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… Treasury Secretary Janet Yellen on Thursday hailed fellow pioneers during the unveiling of the first U.S. banknotes printed… By Alessandro Albano Investing.com — Since its mid-September peak, the U.S. Dollar Index has experienced a phase of depreciation due to easing inflation that could lead to a… You can disable notifications at any time from your browser. 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. How to Trade with the Relative Strength Index The Relative Strength Index is a popular technical indicator used to identify over-bought or over-sold conditions.

News Home

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 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 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. By Ambar Warrick Investing.com— Most Asian currencies rose slightly on Friday while the dollar retreated in anticipation of U.S. inflation data, with the Chinese yuan set to… By John McCrank and Saqib Iqbal Ahmed NEW YORK -The dollar edged higher against the euro on Friday after U.S. producer inflation data for November came in slightly… By Peter Nurse Investing.com — The U.S. dollar firmed in early European trade Monday as traders started the week on a cautious note ahead of the last Federal Reserve policy-setting…