Author: FX
EUR/USD faces selling pressure as the US Dollar holds onto gains ahead of the US CPI data for September. Fed officials are highly concerned about reviving job growth. The Euro is under pressure as the ECB is expected to reduce interest rates further by 50 bps by the year-end. EUR/USD exhibits a weak performance in Thursday’s European session after diving below the key support of 1.0950 on Wednesday. The major currency pair remains under pressure as the US Dollar (USD) clings to gains ahead of the United States (US) Consumer Price Index (CPI) data for September, which will be published…
jetcityimage Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) raised $1.9 billion through a seven-tranche yen-denominated bond deal, according to a report by Reuters that cites a term sheet. This issuance marks the largest of its kind for the company since its initial foray into Samurai bonds in Source link
By Ankur Banerjee SINGAPORE (Reuters) -Chinese stocks resumed their rally on Thursday, fanned by expectations a briefing from finance officials this weekend would deliver anticipated fiscal stimulus, while the dollar lingered near a two-month high before a U.S. inflation report. Mainland shares got a lift early in the Asia session as China’s central bank kicked off its 500 billion yuan facility to spur capital markets, a plan it announced late September as part of a series of stimulus measures. China’s blue-chip CSI300 index rose about 3%, partially reversing the previous day’s 7%, which was triggered by some investor concern about…
Are crude oil bears about to stay in the game for much longer? A look at the energy commodity’s daily time frame shows a large descending triangle pattern that’s been holding since November last year. WTI Crude Oil (USOIL) Daily Chart by TradingView Earlier this week, we looked at a potential break-and-retest setup on the 4-hour chart of crude oil while geopolitical tensions in the Middle East were worsening and stoking global supply concerns. However, the spotlight just shifted back to a weaker demand outlook, as the latest inventory figures from the API and EIA reflected larger than expected increases…
A lack of fresh market catalysts kept the major assets in ranges early in the day, before central bank speculations and positioning ahead of the U.S. CPI reports caused increased volatility in the U.S. session. Which assets saw the most action? We’re discussing yesterday’s market headlines and price reactions! Headlines: RBNZ slashes rates by 50 bps, signals further easing ahead Japan preliminary machine tool orders sank 6.5% y/y in Sept (-3.5% previous) German trade surplus widened from 16.9B to 22.5B in July (18.9B forecast) as exports rose 1.3% and imports fell 3.4% EIA crude oil inventories rose 5.8M barrels (2.0M…
The election in Japan is coming up on Sunday 27 October 2024Voting will take place for seats in the House of Representatives, the lower house of the National Diet. Currently the LDP rule in coalition with junior coalition partner Komeito. The leader of Komeito says fuel and utility subsidies should continue ‘for a while’. Throwing money at the electorate will never go out of fashion. Source link
The minutes of the September decision revealed that a “substantial majority” voted for a 50 basis-point interest rate reduction to the 4.75% – 5.00% target range, mostly because it would bring rates to “better alignment with recent indicators of inflation and the labor market.” It may have helped that “some participants” already found a “plausible case” for a 25bps rate cut at the July meeting. The minutes also showed that “almost all participants” saw upside risks to inflation have diminished, while downside risks to employment have increased. But the decision to cut by 50bps wasn’t THAT popular, as the minutes…
Are markets still expecting the Bank of Canada (BOC) to carry on with its easing cycle? The upcoming Canadian employment report for September may have some clues! Expectations are for a slightly faster pace in hiring, but the unemployment rate is still projected to tick higher. Here’s what you need to know if you’re planning on trading this major catalyst. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
The Australian Dollar remains under selling pressure in Thursday’s Asian session. The firmer USD and lack of further China’s stimulus measures drag the pair lower. The US CPI inflation data will be in the spotlight on Thursday. The Australian Dollar (AUD) extends its decline on Thursday. The stronger US Dollar (USD) amid rising speculation of a 25 basis points (bps) rate cut by the Federal Reserve (Fed) in November undermines the Aussie. Furthermore, Beijing’s attempt to stimulate the world’s second-largest economy disappointed investors as China’s top economic planning authority failed to announce additional measures to improve flagging growth. It’s worth…
The ever-evolving world of forex trading demands a diverse toolkit for navigating market movements. Among this arsenal, technical indicators play a crucial role in deciphering price patterns and identifying potential trading opportunities. Today, we delve into the Impulse MT4 Indicator, a tool designed to provide traders with valuable insights into market momentum. This comprehensive guide, crafted with the perspective of a seasoned trader, will equip you with the knowledge to effectively utilize the Impulse MT4 Indicator. We’ll embark on a journey that explores the indicator’s inner workings, deciphering its signals, and integrating it into your trading strategy. Buckle up, and…