From everyone here at Currency News Trading, we wish you a wonderful Christmas and Happy New Year. Due to the market condition, the next couple of weeks we will not be trading the currency forex market news overview trading. Because this is the first quarterly release for the 4th quarter of 2017, we are likely to see huge market reactions today, especially if we get at least 0. CA Core CPI is a high impact release for CAD although it’s usually not very tradable unless we get a huge deviation.
Since we do have the first GDP release out of U. I’d recommend paying close attention to both releases before taking a trade. GDP release for the Q4 of 2017 period, and since it is the first release for the quarter it is also the most likely to surprise the market, thus adding more volatility if we were to get a surprise. USDCAD pair to a new low, breaking the support below 1. 8:30 am CA Core Retail Sales Forecast 0. ECB Interest Rate is done in 2 parts, first with the rate decision at 7:45 am then followed with a press conference at 8:30 am. The market is not expecting any changes today but since last rate decision the EURUSD pair moved from 1.
1770 up to the current 1. Choose from a multitude of forex traders. Open a free demo or live account with a featured forex broker. Copy the trades of expert traders automatically on your own account. Forex Market Overview Introduction The following facts and figures relate to the foreign exchange market. 53 central banks and monetary authorities participated in the survey, collecting information from 1,309 market participants. Excerpt from the BIS: “The 2010 triennial survey shows another significant increase in global foreign exchange market activity since the last survey in 2007, following the unprecedented rise in activity between 2004 and 2007.
April 2010 than in April 2007. 24 hour market Sunday 5pm EST through Friday 4pm EST. Based on world population of 6. 58 trillion – World Bank 2009. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.
Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The dollar has traded mixed, gaining on the euro and underperforming dollar bloc currencies, and to a less extent the pound, while losing ground to the outperforming yen. A risk-off vibe in global markets as markets fret that the weekend’s G7 meeting, which will start later today in Canada, will magnify the prevailing discord over trade between the U. The dollar has been trading mixed amid a worsening risk-off tone in global markets, losing ground to the yen while gaining against the euro and dollar bloc currencies. Market participants are wary about the G7 meetings in Canada, which will start later today, and which seems to be mostly seen as a risk event give the escalating hostility over trade. The dollar chopped around inside of relatively narrow ranges in N. Thursday, seeing the DXY range between 93.