Because access to the market is easy—with round-the-clock sessions, significant leverage, and relatively low costs—many forex traders quickly enter the market, but then quickly exit after experiencing losses and setbacks. Here are 10 tips to help aspiring traders avoid losing money and stay in the game in the competitive world of forex trading. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. That said, US Initial Jobless Claims matched 230K market consensus for the week ended on December 02, versus the upwardly revised 226K prior. There is normally a consensus amongst leading economists about what level an economic announcement is likely to come in at. Changes to non-farm payrolls​​, GDP or inflation data will have a resulting effect on the market.

forex news

Mitrade provides execution only service, acting as principal at all times. Our market calendar can be customised by date, market impact and country, so you can filter these to be more relevant for the asset or market that you are interested in trading. A live account will give you access to Morningstar equity research reports and Reuters news headlines, which provide a wealth of information for all asset classes.. You will have access to a demo account straight away to practise with virtual funds before depositing funds and placing live trades.

India inflation likely softened to nine-month low in November: Reuters poll

The US dollar has found some stability following hawkish comments from Fed members, which has seen a double top pattern form on EUR/USD’s daily chart. Ethereum price https://tradersforex.xyz/ shows a strong comeback as it follows in Bitcoin’s footsteps. This uptick coincides with ETH developers announcing the Shanghai hard fork release in March 2023.

forex news

That said, the EUR/USD pair stays firmer inside a one-month-old ascending triangle. US stocks declined as investors fixated over how bad of a recession will hit the US economy and weig… The Hong Kong stock market on Thursday snapped the two-day losing streak in which it had plunged more than 700 points or 3.9 percent. The Hang Seng Index now sits https://tradersforex.xyz/ just above the 19,450-point plateau and it’s tipped to open in the green again on Friday. The Indonesia stock market has moved lower in six straight sessions, slipping more than 265 points or 4 percent along the way. The Jakarta Composite Index now rests just above the 6,800-point plateau although it’s expected to finally move higher on Friday.

Oil under pressure, gold eyes Fed meeting

Even so, US Treasury Secretary Janet Yellen said on Thursday that “Recession is not inevitable,” while also declining to say whether the dollar had peaked against other https://tradersforex.xyz/ currencies. Gold price (XAU/USD) grinds higher towards $1,800 as broad US Dollar weakness and optimism surrounding China favors the metal buyers ahead of the key …

  • 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.
  • Paying attention to when trading announcements are due can mean that you end up placing a carefully planned trade just before a major event happens, which instantly triggers your stop-loss.
  • Further, optimism surrounding China adds strength to the bullion’s run-up as traders await early signals for US inflation.
  • In addition to the tools that are applied to the chart, pay attention to the overall look of the workspace.
  • The Loonie pair’s previous fall could be linked to the bearish Doji candlestick, as well as the U-turn from the seven-week-old downward-sloping resistance line.

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DAYLIGHT SAVINGS TIME ENDS FOR EU CFDs

Earlier in the week, the US Goods and Services Trade Balance deteriorated to $-78.2 billion versus $-79.1 billion expected and $-73.28 billion prior. Further, the final readings of the Unit Labour for Q3 eased to 2.4% QoQ versus 3.5% first estimations. On Thursday, US Initial Jobless Claims matched 230K market consensus for the week ended on December 02, versus the upwardly Forex revised 226K prior. In doing so, the greenback’s gauge versus the six major currencies traces the US Treasury bond yields while justifying the downbeat US data. The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. 74% of retail client accounts lose money when trading CFDs, with this investment provider.

Asian shares higher as dollar retreats, risk events abound

Recent jump in labor additions and upbeat demand in the service sector justify higher consensus for core inflation figure. Looking forward, the preliminary readings of the Michigan Consumer Sentiment Index for December, expected 53.3 versus 56.8 prior, will entertain USD/CAD traders afterward. Late on Thursday, Bloomberg came out with the update suggesting a sharper rise in rents than wages in Britain. DotBig Forex “Britons moving into a rental property have seen prices soar at twice the pace of wages in the past year, with no sign that the red-hot market will slow down soon. The cost of a new rental agreement rose 12.1% in the 12 months to October, according to a report from property portal Zoopla. That compares to 6% annual growth in earnings in the three months through September,” the news stated.

​​​Brent crude oil, gold and US natural gas slide on appreciating US dollar​​​

The Australian Dollar has picked strength as China’s factory-gate price index has shown a deflation. Also, the annual inflation rate has dropped to 1.6% but remained higher than anticipation. A significant decline in inflationary pressures is going to create troubles for the Chinese administration. No doubt, a dovish commentary from the People’s Bank of China in the upcoming monetary policy meeting has been cemented. Meanwhile, S&P500 futures have recovered morning losses and have resumed their upside journey. The 500-united States stock basket futures are looking to extend their gains as a slowdown in the interest rate hike pace looks imminent.