If the news release requires a few days or weeks to materialise, your trading positions may be open over several days. This brings overnight risk and may require you to pay additional holding costs. Therefore, traders should ensure that they have sufficient funds in their account to cover these costs. LONDON – Sterling held steady against the dollar on Monday, as a murky economic growth outlook outweighed positive data for October ahead of the Bank of England’s next policy decision due later this week. By Stella Qiu SYDNEY – Asian shares dipped on Monday while the dollar drifted higher at the start of a hectic week, as markets awaited a flurry of rate decisions from the U.S. The Forex Market 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. European stocks ended lower on Monday after a cautious session with investors looking ahead to the upcoming monetary policy meetings of the Federal Reserve and the European Central Bank, and awaiting U.S. inflation data.
Read more about using fundamental analysis in the consideration of external factors as part of your news trading strategy. Economic announcements often involve these particular factors when advising traders of recent changes within the markets. This can have an impact on market sentiment, especially if the data announcement is not in line with what the traders had been expecting. The UK economy rebounded at a faster-than-expected pace in October with a strong contribution from the services activity, though economists and observers said the monthly figures mask the underlying recession.
US dollar moves higher into the London fixing
If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at © 2020 OANDA Business Information & Services Inc. The impact that a https://www.ig.com/en/forex significant news story can have upon the markets is huge. Wouldn’t it be nice to know what is going to happen while you are away from the trading screen and how your open positions will be affected?
- From time to time, however, economic announcements are very different from what the broader market was expecting, and this can cause an opposite market reaction.
- The Canadian market is quite subdued on Monday with investors largely staying cautious and refraining from making significant moves, as they await the upcoming Federal Reserve’s monetary policy meeting for some direction.
- Chances are that Powell and gang stick to the plan and only hike 50bps.
- Forex, or the foreign exchange market, is a market for trading currencies.
- Get the latest news and insights straight from FXTM’s in-house market analysts.
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 DotBig LTD to 10,000+ instruments. Get commentary on the Forex and Currencies markets from industry experts. Barchart is committed to ensuring digital accessibility for individuals with disabilities.
Canadian Q3 GDP surprises to upside but the Canadian Dollar moves lower
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 https://masstamilan.in/what-does-dotbig-broker-offer-an-expert-review/ 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.
The Switzerland stock market ended modestly lower on Monday after languishing in the red right through the day’s session. 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.