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Exinity Limited is a member of Financial Commission, an international organization engaged in a resolution of disputes within the financial services industry in the Forex market. This could be a wild week for the USDCAD due to the Bank of Canada’s rate decision on Wednesday.

forex news

Seasonal forex trading news and impacts tend to be seen in energy and agricultural commodities, but less so for precious metals. The table below shows some of the main resource currencies and the commodities that affect them. These can be used by traders as a sort of trading signal, as it can help to predict where the price of the currency is headed. Forex markets tend to respond the most to macroeconomic news – the kind of developments that reflect or impact broad economies. Generally speaking, forex traders can look at economic news to assess its impact on interest rates and monetary policy​. News that suggests a more hawkish central bank tends to push forex pairs up in value relative to other currencies, while dovish news can cause a currency to depreciate.

Bitcoin loses volatility again

Coupled with fresh falls in world oil prices, investor concerns deepen. The euro hit a six-month high against DotBig broker the dollar but later slipped back amid uncertainty over next month’s French parliamentary elections.

  • It is interesting to point out that — as Bitcoin has an uncertain legal status and is sometimes considered to be a good or asset and not a currency — forex trading with Bitcoin is in an unstable position.
  • When it comes to modern active trading, truer words are hard to find.
  • 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.
  • Stock trading based on news releases is a strategy used by many long-term investors, as well as short-term traders.
  • This offers traders an opportunity to open positions at the very start of a new trend.

The broker’s partnership with Paxos will enable U.S.-based investors to spot-trade cryptocurrencies on Paxos’ itBit exchange through Oanda’s mobile platform. Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor. 79% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

Japanese producer prices highlight a light start to the week

WARSAW – Poland’s Monetary Policy Council should start discussing rate hikes again, central banker Ludwik Kotecki said on Friday, adding that talk of when borrowing costs could fall was premature. LONDON – Britain’s finance ministry on Friday set out plans to overhaul the financial sector including a review of rules to make bankers accountable for their decisions and easing capital requirements on smaller lenders. The Forex Market Forex news Map provide a quick visual view of the foreign exchange markets and how they are performing on the day, as well as how they are performing versus other major currencies. The Indonesia stock market has finished lower in seven straight sessions, slipping more than 355 points or 5.4 percent along the way. The Jakarta Composite Index now rests just above the 6,715-point plateau and it’s got another weak lead for Monday’s trade.

forex news

In case we couldn’t get through, we will try again at the same time the next day. Get tight spreads, no hidden fees, access to 10,000+ instruments and more. Get tight spreads, no hidden fees and access to 10,000+ instruments. LONDON – The Bank of England said on Friday that it would work with Britain’s finance ministry to ensure a safe and competitive financial system, in a response to a raft of regulatory proposals released earlier in the day. OSLO – The Norwegian government on Friday rejected a proposal by the country’s bank regulator to tighten mortgage lending, keeping key provisions of the current system in place.