Author: FX

This franc pair has been cruising above a rising trend line these days, but will the upcoming SNB announcement shake things up? Expectations are for a 0.25% rate cut from the Swiss central bank, although there could be a case for a larger easing move and downgraded inflation estimates. To top it off, we might get some jawboning from SNB head Thomas, too! Here’s what I’m watching on GBP/CHF. 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…

The Australian Bureau of Statistics (ABS) showed headline inflation coming in at 2.7% from a year ago in August, slower than July’s 3.5% increase but in line with latest market estimates. Excluding volatile items and holiday travel, consumer prices rose by 3.0% in August, slower than the 3.7% uptick in July. Meanwhile, Reserve Bank of Australia’s (RBA) trimmed mean inflation – an alternative measure of underlying inflation – came in at 3.4%, lower than the 3.8% annual increase in July. Link to ABS August CPI Report Details revealed that Housing (+2.6%), Food and non-alcoholic beverages (+3.4%), and Alcohol and tobacco…

Central bankers were under the spotlight yesterday, and a lack of top-tier data releases made it easier to reprice monetary policy biases across the major assets. Which headlines influenced the major assets’ price action? We have the deets! Headlines: China announced a slew of stimulus measures that include cutting its reserve ratio requirement by 50bps and its 7-day reverse repo rate from 1.7% to 1.5% As expected, RBA kept its rates at 4.35% and repeated that inflation “remains too high” Major central bank members shared their two cents: ECB President Lagarde said high inflation is “not quite” beaten, said she…

The New York Federal Reserve branch’s Roberto Perli is manager of the Fed’s System Open Market Account SOMA). He spoke in a speech on Tuesday, saying that markets are not viewing the FOMC 50bp rate cut as an indication of stress in the economy. Reuters with the info:market intelligence collected by the New York Fed indicated investors “were likely to interpret a 50-basis-point cut exactly for what it was – a recalibration of the FOMC (Federal Open Market Committee) policy toward a more neutral stance that will help maintain the strength of the economy and the labor market while continuing…

USD/JPY flatlines around 143.20 in Wednesday’s early Asian session.  Investors raise their bets on a jumbo rate cut from the US Fed in November. The BoJ Governor signals no rush to raise rates further.  The USD/JPY pair trades flat near 143.20 despite the weaker US Dollar (USD) during the early Asian session on Wednesday. However, the rising expectation of a jumbo rate cut by the US Federal Reserve (Fed) in November might continue to weigh on the pair. Fed Governor Michelle Bowman said on Tuesday that key measures of inflation remain “uncomfortably above” the 2% target, warranting caution as the Fed…

The Gann Signal MT5 Indicator aims to translate some of Gann’s theoretical concepts into a user-friendly tool for the MetaTrader 5 (MT5) trading platform. This indicator, often created by third-party developers, can potentially generate buy and sell signals based on Gann’s principles, offering a simplified way to incorporate Gann analysis into your trading strategy. Now that we’ve met the mastermind behind the theory and the indicator itself, let’s delve deeper into how the Gann Signal MT5 Indicator functions. Understanding the Functionality of the Gann Signal MT5 Indicator Types of Gann signals generated The specific type of Gann signals generated by…

Caroline Ellison is Sam Bankman-Fried’s ex-girlfriend.She’s copped the jail time for helping Sam steal $8 billion in customer fundsEllison ran the hedge fund tied to the digital currency trading platform FTXShe pleaded guilty to seven counts of fraud and conspiracy.She testified against Bankman-Fried, which appears to have lightened her sentence. SBF has been locked up for 25 years. This article was written by Eamonn Sheridan at www.forexlive.com. Source link

Mexican Peso strengthens after US Consumer Confidence deteriorated. Mexico’s inflation fell below estimates in September, with core inflation easing under 5%, boosting expectations for a 25 bps rate cut by Banxico on Thursday. Analysts expect Banxico to lower rates from 10.75% to 10.50%, citing falling inflation, weaker economic activity and Fed easing. The Mexican Peso advanced against the US Dollar during the North American session after the Conference Board (CB) revealed that Consumer Confidence in the United States (US) deteriorated. Meanwhile, Mexican inflation dipped below estimates ahead of Thursday’s Bank of Mexico (Banxico) monetary policy meeting. At the time of…

Thanumporn Thongkongkaew/iStock via Getty Images Light & Wonder (NASDAQ:LNW) is being sized up after the shock legal ruling that a Nevada District Court judge granting Aristocrat Leisure Limited (OTCPK:ARLUF) a preliminary injunction relating to the company’s successful Dragon Train game. The court ruled Source link

The Reserve Bank of Australia (RBA) kept its cash rate target unchanged at 4.35% today, maintaining its hawkish stance on inflation while acknowledging economic uncertainties. This decision was widely expected by market participants, as covered and anticipated in the Babypips.com Event Guide. Key points from the RBA statement: Inflation remains above target and is proving persistent Current forecasts do not see inflation returning sustainably to target until 2026 GDP data for June quarter confirmed weak growth Labour market conditions remain tight despite some signs of gradual easing The Board remains resolute in its determination to return inflation to target Link…