Articles written by Jay Hawk - Benzinga

How to Trade Forex with $100

Snapshot Forex trading involves exchanging one currency for another in the forex market. In general, trading currencies is a risk-taking endeavor that has more in common with gambling than with investing.

BOE and MPC Officials Express Concern Over UK Inflation

Snapshot Sterling was mixed against the U.S. dollar after comments from Bank of England (BOE) officials and Monetary Policy Committee (MPC) members during today’s BOE Monetary Policy Reports before the UK House of Common’s Treasury Committee. Officials generally expressed concerns over the current level of inflation.

UoM Consumer Sentiment Index Drops to a 10-year Low on Inflation Surge

Snapshot The Preliminary University of Michigan (UoM) Consumer Sentiment Index for the U.S. declined to its lowest level in a decade after surging U.S. inflation numbers were released earlier this week.

U.S. CPI Shows Inflation at Highest Point in 30 Years

Snapshot The U.S. Bureau of Labor Statistics (BLS) reported this morning that the Consumer Price Index (CPI) had increased a seasonally adjusted +0.9% in October after a rise of +0.4% in September, which was notably higher than the 0.6% gain expected.

UK and U.S. Central Bankers Indicate Rate Hikes in 2022

Snapshot Bank of England (BOE) Governor Bailey boosted expectations of higher benchmark interest rates in the UK today by stating that, “If we see signs of rising inflation expectations feeding into wages, we will have to act with rates.” He also noted that much of the recent prices rises were related to reopening after COVID-19 pandemic lockdowns.

U.S. Jobs Data Notably Exceeds Expectations

Snapshot The U.S. Bureau of Labor Statistics (BLS) released its closely watched Non-Farm Payrolls (NFP) numbers for October this morning that showed an impressive increase of 531K new jobs for the month. The favorable number surprised analysts who were expecting a more modest increase of only 450K.

Top 15 Risk Management Tips for Forex Traders

Forex Risk Management Explained

Tight U.S. and UK Job Markets put Upward Pressure on Wages and Prices

U.S. Prices Hit 30-year High as Personal Income Declines

Snapshot The U.S. Bureau of Economic Analysis (BEA) of the Department of Commerce released its personal consumption expenditures (PCE) price index for September today showing the biggest increase in prices seen since 1991.

Today in Forex: BoC Announces End to Quantitative Easing Program

Snapshot The Bank of Canada (BoC) surprised financial markets today by announcing an early end to its Quantitative Easing (QE) program and possibly accelerating its timing of interest rate hikes to April 2022 in order to counter inflationary pressures due to supply chain disruptions, although the central bank left its benchmark Overnight Rate steady at 0.25% as expected.

Today in Forex: ifo Business Survey for Germany Disappoints

Snapshot The ifo Institute’s Business Climate index for Germany dropped to 97.7 in September, which significantly failed to meet market expectations of a 98.2 result. Offsetting some of that unexpected drop in business morale was the fact that the August reading for the index released in September was revised slightly upward to 98.9 from 98.8.

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