Forex News

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forex news

Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor. Forex Factory found on the DotBig domain is one of the best known resources and a famously reliable forex calendar on the web for trading the news. Browse economic news from around the world and filter data to suit your strategy.

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Marketmind: Let’s talk rates again

The strong Employment Change out of Canada in October may give the BOC a bit more confidence to raise rates in December. 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. Tight spreads on FX – as low as 0.2 for EUR/USD (with fixed $5 commissions per 100K). The dollar selloff with given a reprieve overnight following hawkish comments from Fed member Christopher Waller. On Thursday the Chancellor is due to unveil his fiscal statement alongside the OBR forecasts.

forex news

The November preliminary reading of the Michigan Consumer Sentiment Index was 54.7 vs an expectation of 59.5 and an October reading of 59.9. Stocks point to a softer open after hawkish comments from Fed Governor Christopher Waller remind the market that inflation is still high and that there is still work to be done.

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