After enduring a turbulent period in 2018 and 2019, when Invesco suffered damaging fund outflows and its share price underperformed rivals, the outlook for the asset manager has stabilised. Assets under management at Invesco have returned to growth and stood at $1.4 trillion in March, a 20% increase in the last 12 months. You are currently accessing FX Markets via your Enterprise account. It was the first time in history for the US500 to crash by 2% and close the day 2.8% above the neutral line. Canadian shares are likely to open on a cautious note with a slightly positive bias on Tuesday. US CPI for October came out much weaker than expected at 7.7% YoY vs an expectation of 8.0% YoY and a September reading of 8.2% YoY. The Bank of Mexico stuck to the script and hiked rates by the same amount as the US Federal Reserve, 75bps, to bring its overnight rate to 10%.
Forex traders, especially day traders use Forex Factory to keep up to date with the news that moves the forex market. Fortunately, Forex Factory collects all the upcoming economic data, aggregate forex market data, and major news events and put them into an economic https://www.cmcmarkets.com/en/learn-forex/what-is-forex calendar. The Forex Factory calendar is especially important in an example like the below when there is a FOMC meeting, major news event or any other big economic news announcements like non-farm payrolls . 77.74% of retail investor accounts lose money when trading CFDs with this provider.
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- 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.
- These can include changes to interest rates, inflation, unemployment levels or retail income for a specific country and these all have a significant effect on the financial markets and overall state of the economy.
- A combination of data including GDP, inflation and a sentiment report from the US and Europe puts EUR/USD into focus for today’s session.
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Traders should be aware that demand for many commodities – and therefore the commodity’s price – rises and falls with the seasons. 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 currencies tend to attract capital during times of turmoil and see outflows when the financial markets settle down. Forex DotBig markets tend to respond the most to macroeconomic news – the kind of developments that reflect or impact broad economies.