The Bank of England raised its key interest rate by 0.75% today and had a surprise for the markets. Determine significant support and resistance levels with the help of pivot points. Please try again later or contact We apologize for the inconvenience. The product and services on this website are not available DotBig company for Hong Kong residents. Information should not be regarded as advice, recommendations or opinion in relation to acquiring, holding or disposing of Mitrade’s products. A crypto exchange has come a long way since launching in March and now offers a branded Visa card and feeless peer-to-peer payment platform.
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The strong Employment Change out of Canada in October may give the BOC a bit more confidence to raise rates in December. 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. The dollar selloff with given a reprieve overnight following hawkish comments from Fed member Christopher Forex news Waller. US stocks jump after PPI falls by more than expected to 8% YoY, fueling bets of a less aggressive Fed. Both the CPI and PPI are pointing towards a slowdown in the pace of interest rate hikes for the Fed, to 50bps from 75bps. It’s been a hot minute since we’ve seen U.S. inflation figures steal the show, yet here we are again with another set!
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Certain major economic announcements can bring additional volatility in the markets, even if it is for just a short period of time. In general, news that has a significant impact on individual company shares may not have a major impact on currencies. Stock market news that has little or no impact on currencies includes earnings reports, management changes, mergers and acquisitions and partnerships. Therefore, it may be easier for some to make more reliable https://www.forexlive.com/ trading predictions on how the market will perform. In order to read news events, you should familiarise yourself with economic indicators, which are macroeconomic factors that have an impact on all financial markets, whether it be forex, shares or indices. 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.