Why Forex Spreads Widen Around Major News (and What It Costs)
See why forex spreads widen around news, how much wider quotes can cost, why stops trigger, and how to check an unexpected fill.
UK Retail Sales unexpectedly drop by 0.2% MoM in September vs. 0.5% expected
The UK Retail Sales came in at -0.2% MoM in September, a big miss. Core
German Preliminary Manufacturing PMI improves to 58.2 in October vs. 56.5 expected
German Manufacturing PMI arrives at 58.2 in October vs. 56.5 expected. Services PMI in Germany
Eurozone Preliminary Manufacturing PMI beats estimates with 58.5 in October
Eurozone Manufacturing PMI arrives at 58.5 in October vs. 57.0 expected. Bloc’s Services PMI drops
UK Preliminary Services PMI unexpectedly jumps to 58.0 in October vs. 54.5 expected
UK Manufacturing PMI beats estimates with 57.7 in October. Services PMI in the UK surprises
BOE rate hike on November 4 is no longer fully priced – Reuters
Amidst an unexpected dip in the UK inflation and retail volumes for September, markets are
USD/JPY to suffer a retracement towards support at 113.30 – SocGen
USD/JPY has experienced an accelerated uptrend after breaking above the 2020 peak of 112.23. Economists
EUR/USD regains traction and re-visits the 1.1640 area
EUR/USD fades Thursday’s downtick and regains the 1.1640 zone. The greenback resumes the downside on
USD/CAD flirts with session lows, below mid-1.2300s ahead of Canadian/US data
USD/CAD witnessed fresh selling on Friday and reversed a major part of the overnight gains.
US public pension fund pours $25 million into Bitcoin and Ether
A pension fund in the United States has decided to allocate $25 million to cryptocurrencies.
Ethereum price vies to set new all-time high despite the recent flash crash
Ethereum price broke out of an inverse head-and-shoulders pattern on October 14, hinting at a
