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A Guide Retail sales is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies. 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. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. A carry trade is a trading strategy that involves borrowing a low-yield currency and investing in a high-yielding asset to exploit the interest rate differential. Carry trades are most common in forex trading with traders borrowing the low interest Japanese yen to buy higher interest currencies.

  • Also, the Fed’s favorite measure of inflation is back up to levels not seen since March.
  • 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.
  • Imperial Oil Ltd. (IMO, IMO.TO) reported on Friday that third-quarter net income soared to C$2.03 billion or C$3.24 per share from C$908 million or C$1.29 per share in the prior-year quarter.
  • The tone set by the removal of forward guidance and the lack of information regarding QT led the markets to believe this was a dovish hike.

Canadian stocks are turning in a mixed performance on Friday with investors digesting a slew of earnings updates and the latest batch of economic data. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. Trading in financial instruments and/or cryptocurrencies involves forex news high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Gold is eyeing a breakout above resistance from a Double Bottom pattern.

Implied volatility rises as Yen lurks below 150

All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. By Leika Kihara, Saqib Iqbal Ahmed and Gertrude Chavez-Dreyfuss TOKYO/LONDON/NEW YORK – Japanese authorities likely intervened in markets to stem the slide of the…

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Also, the Fed’s favorite measure of inflation is back up to levels not seen since March. Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy.

GBP/USD rebounds to 1.1550 area after US data

Economic data beats are usually a good thing, unless it is in the guise of much higher than expected inflation. A fiat currency is any monetary instrument backed by a national government. Learn how fiat currencies operate and how they compare to other types of money. FinancialCentre ReviewFinancialCentre is an experienced broker that deals with many asset types and classes.

Stay up-to-date on breaking forex news as well as relevant financial developments. CAD/JPY has defied weaker oil prices, mostly thanks to a weaker yen and higher equity prices ahead of today’s inflation report.

Doge up over 13% on hopes that Musk will save the day. To the moon!

The broker proposes multiple different account types that fit the needs of other customers. NZD/USD Outlook Mired by Failure to Clear October Opening RangeNZD/US may struggle to retain the advance from earlier this month if the exchange rate fails to clear the October high (0.5814). (This Oct.22 story has been corrected to show dollar, not yen, fall in paragraph 3) By Shinji Kitamura and Yoshifumi Takemoto TOKYO – Japan intervened in the foreign… By Leika Kihara and Tetsushi Kajimoto TOKYO – Japanese authorities are relying heavily on psychological tactics to fight yen bears, which means keeping markets guessing…

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SHANGHAI – The yuan briefly touched a 1-1/2-week high against the dollar before giving back all the gains by midday on Thursday as Chinese cities tightened curbs against… By Georgina Lee and Samuel Shen HONG KONG/SHANGHAI – China’s digital yuan took the centre stage in the world’s largest cross-border central bank digital currency … By John McCrank NEW YORK – The euro dropped more than 1% on Thursday, falling back below parity with the dollar, after the European Central Bank raised interest… A volatile session for the yen on Friday likely points to a currency intervention from the BOJ or MOF, in an attempt to stop or at least pause the currency’s fast depreciation.

With both the ECB and the BOJ meetings this week, EUR/JPY could be volatile. Add in the threat of intervention by Japan, and the pair could really swing. In this week’s edition, we are getting technical on the USD/CNH, Gold and S&P 500. brings the freshest and most relevant financial market news. We also provide educational materials and broker reviews for professional and aspiring traders to up their game. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. 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.

MOSCOW – The Russian rouble stabilised on Monday, supported by a favourable month-end tax period and the prospect of upcoming dividend payments, which also pushed stocks… MOSCOW – The Russian rouble edged marginally lower against the dollar on Tuesday, as the end of a favourable month-end tax payments period drew close, while investors… SHANGHAI/BEIJING – Major Chinese state-owned banks sold U.S. dollars in both onshore and offshore markets in late trade on Tuesday to prop up the weakening yuan, two…

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