Author: FX

This week our currency strategists focused on the Canada’s CPI Report (October 2024) and U.K. CPI Report (October 2024) for potential high-quality setups. Out of the eight scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay.  Check out our review on those discussions to see what happened! Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d…

USD/CHF is correcting back within an established uptrend.  This is likely just a correction of the dominant trend with a resumption higher to follow.  USD/CHF is pulling back within an established short and medium-term uptrend. At the moment the pullback looks corrective in nature and this suggests bulls will eventually push price higher again. Given the technical analysis theory that “the trend is your friend” the odds favor a continuation higher to the next set of targets. USD/CHF Daily Chart  USD/CHF may find support at the 0.8873 support level (green dashed line) or the (green) 200-day Simple Moving Average (SMA)…

By Andrius Sytas VILNIUS (Reuters) – A DHL cargo plane crashed as it came into land at Lithuania’s Vilnius airport early on Monday, skidding into a house and killing one person on the aircraft. The three other people onboard were injured but no one on the ground was hurt, officials said. The scheduled flight was operated by airline Swiftair on behalf of DHL and had taken off from Leipzig, Germany. It crashed around 0330 GMT while approaching the destination airport for landing, a spokesperson for Lithuania’s National Crisis Management Center said. Police and prosecutors are investigating the incident but there…

Australia’s October inflation report is due and if last week’s data is any indicator, we may see stronger consumer price pressures for the month. Our Event to the October CPI release hints that inflation may have stayed stubbornly high in October. That said, Aussie traders have sold the news after buying the rumors before, so we can’t rule out the possibility that inflation numbers could surprise to the downside. If the CPI data comes in AUD-bearish, setups in pairs like GBP/AUD and AUD/CHF could favor AUD bears. This Article Is For Premium Members Only Become a Premium member…

Gold price falls sharply from a three-week high in the wake of the risk-on environment.  Bets for slower Fed rate cuts also drive flows away from the non-yielding yellow metal.  Retreating US bond yields prompt USD profit-taking and could help limit further losses. Gold price (XAU/USD) witnessed an intraday turnaround after touching a nearly three-week high, around the $2,721-2,722 area and snapped a five-day winning streak at the start of a new week. US President-elect Donald Trump nominated Scott Bessent as Treasury Secretary and cleared a major point of uncertainty for markets. Adding to this, reports that Israel was close…

The job is not done yet on inflation, services prices still need to come downInflation is close to the 2% targetBarring new geopolitical or political risks, a large part of the final stage in bringing inflation back to 2% target will be completed next yearMonetary policy must respond to both downside and upside risks to inflationWe have been clear that we are moving on a meeting-by-meeting basisDon’t see spread fragmentation that would dissuade investors for the time beingFull transcriptThe remarks are consistent with their recent communique. If anything, it reaffirms a rate cut for December. The question now after the…

Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straight forward approach utilizes 2 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than H1, optimal results are typically achieved within the H1, H4, and Daily timeframes. Trade Details Currently, the Flip 55 strategy has identified a trading opportunity on the EUR/CHF pair within the H4 timeframe. I’ve shared a trade setup image for…

Australia has its CPI report lined up this week, and traders are keen to find out if sticky price pressures are still likely to keep the RBA hawkish. Our Event Guide for the October CPI release lists a handful of leading indicators suggesting elevated consumer inflation for the month, possibly supporting expectations for restrictive RBA monetary policy for much longer. Here’s what I’m watching on AUD/JPY and AUD/CAD in this scenario. 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…

(Reuters) – President-elect Donald Trump’s nominee for U.S. Treasury secretary, Scott Bessent, will prioritize delivering on election tax cut pledges, he told the Wall Street Journal in an interview published on Sunday. Tax cuts policy measures would include making Trump’s first term tax cuts permanent as well as eliminating taxes on tips, social-security benefits and overtime pay, the WSJ said. Bessent would also focus on enacting tariffs, cutting spending and maintaining the status of the dollar as the world’s reserve currency, he told the newspaper. Source link

Heads up, Aussie traders! The Land Down Under has its October CPI report up for release soon, likely influencing RBA monetary policy expectations. Here are the points you need to know when trading this top-tier economic event. 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