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In the following lessons, we’ll give you some tips on how to safely trade the news. Big market moves made by news events often don’t move in one direction. You could also get “locked out” which means that your trade could be executed at the right time but may not show up on your trading platform for a few minutes. I’m seeing a handful of top-tier events lined up this week! Among these, the big movers are likely to be the FOMC minutes, U.S.

Tesla stock falls over 5% as earnings released post-session on Wednesday. Tesla CEO Elon Musk remains bullish on prospects for the Forex brokers EV leader. The last few weeks have been wild for sterling as political chaos haunted investor attraction towards the currency.

US leading index for the month of September -0.4% vs -0.3% estimate

The Federal Reserve will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday. Learn how to trade forex in a fun and easy-to-understand format.

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On our app you will get the most important crypto news and the most relevant technical and on-chain analysis for the top cryptos, including Bitcoin, Ethereum, Cardano, Ripple, Dogecoin or Shiba Inu, among plenty of other coins. Indonesia’s central bank raised interest rates for a third policy session in a row, as expected, to rein in the rising inflation and to strengthen the weakening rupiah exchange rate, which was caused by increased capital outflows. Forex brokers Gold stages a modest recovery from over a three-week low touched earlier this Thursday, as the US dollar extends its retreat amid a positive shift in market sentiment. Aggressive Fed rate hike bets and elevated bond yields acted as a headwind for XAU/USD, earlier on. FXStreet has all the news about the currency and commodity markets in real-time. Download our app and get the most relevant live news that have an impact on the currency markets.

Week Ahead: What’s Next For British Pound?

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. This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. Because the forex market is very volatile during important news events, many forex brokers WIDEN the spread during these times. Asian shares rose on Tuesday, tracking the positive overnight cues from Wall Street as global sentiment improved. Robust corporate earnings coupled with normality returning to UK markets following the mini-budget saga has rekindled investor risk appetite.

  • In case we couldn’t get through, we will try again at the same time the next day.
  • A sense of caution returned to markets on Wednesday as concerns over soaring inflation and slowing economic growth punctured risk sentiment.
  • As with any trading strategy, there are always possible dangers that you should be aware of.
  • 150 is a level we’re all watching on USD/JPY – and the questions is not so much if it will be tested, but what will happen if or when it breaks.

Bloomberg says yesterday’s movement was so far the wildest. It was the first time in history for the US500 to crash by 2% and close the day 2.8% above the neutral line. Get commentary on the Forex and Currencies markets from industry experts. The GBPAUD is consolidating around what is arguably downchannel resistance exness markets , taking a breather after breaking Monday above the psychologically key 1.80 whole figure level. The UK Chancellor Kwasi Kwarteng unveiled the biggest range of tax cuts in 50 years, including a reduction of the highest rate of income tax from 45% to 40%. You can disable notifications at any time from your browser.

Exclusive: ThinkMarkets acquires CySEC license, expanding EU services from Cyprus

That’s why the best traders stay one step ahead of the action. You will be provided with reliable currency change prices and a Trade View about the most essential information of the market, including EUR/USD, GBP/USD, USD/JPY, XAU/USD, BTC/USD, ETH/USD, XRP/USD and much more. However, XRP get bullish on the main news story of the morning, Ripple’s latest Court filing.

Get the latest news and insights straight from FXTM’s in-house market analysts. Our team explain the price movements of the global markets, giving you the in-depth knowledge you need to place your next trade with confidence. Stay informed in real-time about the rise and fall of stocks, market movements and currency changes. Core PCE Price Index numbers for August and this week’s labor market stats could deliver another rise. However, sentiment towards the Fed is turning more hawkish, suggesting another spike. It has been a bearish morning for the crypto market, with Fed fear resurfacing as investors await the US CPI report that could deliver another sell-off. He euphoria over the recent rollback of fiscal measures appeared to fade amidst the negative sentiment triggered by the stubborn inflation.

Market Data

Trader sentiment on Bitcoin and top altcoins like Binance Coin, XRP and Cardano has turned bullish. Crypto intelligence tracker Santiment considers that the crowd is currently euphoric on these cryptocurrencies. For more information, see the developer’s privacy policy. The US equity market could be in for a rocky week, with FOMC member chatter and hawkish bets likely to clash with a shift in earnings to the negative. The GBP/USD will be in the hands of the Bank of England and the UK government today. It will be a testy day ahead, with volatility unlikely to abate.

Despite the current global economic headwinds and the fear of a potential recession, the United States’ labour market has continued to perform strongly. Lamb Weston Holdings, Inc. announced Thursday it has entered into an agreement to purchase the remaining equity interests in its European joint venture with Meijer Frozen Foods B.V. For 700 million euros in cash and common stock of Lamb Weston. Slippage occurs when you wish to enter the market at a certain price, but due to the extreme volatility during these events, you actually get filled at a far DIFFERENT price. Comdolls took the top spots amidst mostly choppy price action in FX, likely benefiting from early week pullback USD & bond yields.

Retail Forex

The future of both the Conservative party and the UK government remains unclear. In the coming days, we’ll be finding out more information on the leadership contest and whether a general election could follow.