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By Sam Byford TOKYO – Oil jumped on Monday as OPEC+ considers a cut to output this week, while Asia shares were mixed with holidays in the Asia-Pacific region likely to result in thin trading. JERUSALEM – The Bank of Israel on Monday raised its benchmark interest rate by three-quarters of a point, the fifth straight meeting it has increased rates, to try to squash inflation that remains well above its target. In this week’s edition, we discuss the pound’s extreme volatility amid the BoE’s intervention and government’s questionable policy response to soaring cost of living crisis in the UK. Forex trading involves significant risk of loss and is not suitable for all investors. Determine significant support and resistance levels with the help of pivot points. Find the approximate amount of currency units to buy or sell so you can control your maximum risk per position.

Benchmark Interest Rate Decisions – Generally, central bank rate decisions cause the most volatility in currency pairs, especially when an interest rate hike or cut was unexpected. Individual currency market analysts might use financial models, their personal research, consumer confidence reports and other prudent means at their disposal to come to an expert opinion about the likely result for a major economic data release. As many analysts express their views, a market consensus eventually forms that becomes the standard against which the actual result will be measured.

Weekly Fx Market Recap: Sept 12

As the market reactions to an important economic event are very fast and volatile, most traders find it useful to know the time of such upcoming events and adapt their trading strategies accordingly. The DailyFX app features all the best parts of, natively designed for your iOS device. That means you can read technical analysis and real-time commentary from our top analysts, stay close to the markets with live currency quotes, and see what’s ahead with our global economic calendar – wherever you are. Indian shares fell sharply on Monday, tracking weak global cues as investors fretted about the impact of high inflation and aggressive policy tightening on global growth.

  • Once the event passes or the report is released, the news has been made public.
  • As long as the barrier level is breached—even if the price reverses course later—the payout is made.
  • In order to trade on news, it’s your job to consult an economic calendar.
  • The S&P Global/Chartered Institute of Procurement & Supply manufacturing Purchasing Managers’ Index posted 48.4 in September, up from 47.3 in August.
  • All services and products accessible through the site /markets are provided by FXCM Markets Limited with registered address Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda.

There are two barrier levels, but in this case, neither barrier level can be breached before expiration—otherwise the option payout is not made. This option is great for news traders who think that the economic release will not cause a pronounced breakout in the currency pair and that it will continue to range trade.

Why Trade With Forex Com?

June 25 – Letter reminding the community of the potential benefits of reduced transactions and settlements in the first week of January 2000. September 14 REVISED – SFEMC statement regarding the treatment of the Taiwan dollar fixing rate for September 12, 2001. The maximum potential sentences are prescribed by Congress and are provided here for informational purposes only, as any sentencing of the defendant will be determined by a judge. South Korea’s exports grew at the slowest pace in nearly two years in September. An easy-to-use software platform that allows you to scan market data, identifying historical trends and market cycles that match your search criteria.

forex news

Food and Drug Administration has approved the company’s retroviral vector manufacturing facility in Oceanside, California, for commercial production. A jump in the 10-year T-note yield Tuesday to a 12-year high of 3.99% supported… The dollar Wednesday fell back from a 20-year high and posted sharp losses. A plunge in T-note Forex news yields Wednesday undercut the dollar after the 10-year… By Stefano Rebaudo – Germany’s government bond yields edged lower on Monday, with gilts out of the spotlight, amid signals that the European Central Bank might be on top of surging inflation. Get expert reaction to latest market news and seize potential opportunities.