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Keep track of the latest currency market moves as they develop.

Keep track of the latest currency market moves as they develop. Stay up-to-date on breaking forex news as well as relevant financial developments. Bitcoin price reacted negatively to the US CPI data, wiping overnight gains.

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The consumer price index, a broad measure of everyday goods and services, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate. That marked another month of the fastest pace for inflation going back to December 1981. Excluding volatile food and energy prices, so-called core CPI increased 5.9%, compared to the 5.5% estimate. On a monthly basis, headline CPI rose 1.3% and core CPI was up 0.7%, compared to respective estimates of 1.1% and 0.5%. The classics have thus made it to the list of possible charts at Forex Factory. However, it is possible to customize not only the chart but also the indicators to be viewed and the color scheme.

Economic Indicator

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Among other things, you can then also participate in the numerous tools of Forex Factory, which we will tell you more about in the course of the Forex Factory test. We were able to work out five advantages for traders in the Forex Factory forum in this Forex news regard and would like to briefly discuss each of them. On the one hand, the forum naturally serves to discuss current market events together. In addition, general questions about the platform or about trading Forex can be discussed in the forum.

Why Did Gold Prices Drop Today And Head For A Monthly Loss?

The inflation rate hit 9.1% in June 2022, the highest point in four decades. Analysts expect Bitcoin price to nosedive to yearly lows if bulls fail to takeover. The data on this page is sourced from traders using Forex Factory’s Trade Explorer, a web-based interface that empowers traders to intelligently analyze their trading performance. As anticipated in the Q2’22 gold forecast, the main catalyst that drove gold Forex prices higher in Q1’22 – the Russian invasion of Ukraine – proved to be a short-lived catalyst. CPI 9.1% so Brother Jerome will come with the Super Size rate hike July 27th. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an investment recommendation and serve to clarify the market mechanisms.

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  • By Dhara Ranasinghe and Sujata Rao LONDON – The euro’s tumble below $1 for the first time in two decades puts it on course for one of the worst years in its history,…
  • The Monetary Policy Board of the Bank of Korea decided to raise the Base Rate by 50 basis points to 2.25 percent from 1.75 percent.
  • This is linked to your own broker account and shows you how your trading performance is.

Finally – and this is probably the most important advantage – the error bias is minimized by the common analyses. One does not only concentrate on one’s own thoughts but can always include the opinions of other traders in the analyses. Of course, we also looked at the added value of the conversations in the forum and were pleasantly surprised.

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