Author: FX
It’s the third week of the month, which means it’s time for a fresh batch of global PMI readings! We’ll also get word from Australia’s and Switzerland’s central banks on their monetary policy decisions and outlook. What are market analysts expecting from these major market-moving events? 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
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
The HHLL indicator, a mainstay for many MT4 users, simplifies trend identification by visually highlighting key turning points in price action. But what exactly does it do? At its core, the HHLL indicator recognizes swing points, which are temporary highs and lows in price movements. These swings act as guideposts, revealing the underlying direction of the market. The indicator achieves this by: Identifying Swing Highs and Lows: It distinguishes between higher highs (HH) and lower highs (LH), as well as higher lows (HL) and lower lows (LL). Visually Representing Swings: The indicator typically displays these swing points using different colored dots or…
Federal Reserve (Fed) Bank of Philadelphia Patrick Harker said on Friday that the US central bank has efficiently navigated a challenging economy over the past few years. Key quotes Monetary policy is likened to driving a bus – need to balance speed. Maximum employment involves job quality, not just quantity. Philadelphia Fed conducts research beyond monetary policy.Importance of both “hard” and “soft” data in decision-making.Fed plays a crucial role in bank supervision and financial stability.Fed is exploring AI and quantum computing impacts on finance. There is a risk that the inflation decline could stall. There is a risk that the labor market could soften. …
US politics site, Politico, with the news:House Republicans unveiled a stopgap spending bill to fund the government through Dec. 20short-term funding bill is expected to get a vote on the House floor by mid-weekLast week a funding bill failed. Politico add:Congress races against a Sept. 30 government shutdown deadlineMore at the link if you are interested. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
(Reuters) – SpaceX plans to launch about five uncrewed Starships to Mars in two years, Chief Executive Officer Elon Musk said in a post on social media platform X on Sunday. “If those all land safely, then crewed missions are possible in four years,” he said, adding that in case of any challenges the crewed missions will be postponed another two years. “No matter what happens with landing success, SpaceX will increase the number of spaceships traveling to Mars exponentially with every transit opportunity,” the SpaceX founder said. Musk mentioned the launch of the uncrewed Starships to Mars earlier this…
This week our currency strategists focused on the Canadian CPI update and the Australian employment update for potential high-quality setups. Out of the four 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 like to follow…
Mon: Market Holiday: Japan (Autumnal Equinox); EZ, UK & US Flash PMIs (Sep), US National Activity Index (Aug)Tue: RBA Policy Announcement; German Ifo (Sep), US Consumer Confidence (Sep), Richmond Fed (Sep)Wed: Riksbank & CNB Policy Announcements; Australian CPI (Aug), US Building Permits Revision (Aug), New Home Sales (Aug), UK CBI Trends (Sep)Thu: SNB & Banxico Policy Announcements, BoJ Minutes (Jul), CBRT Minutes (Sep); German GfK (Aug), Norwegian Labour Force Survey (Aug), Swedish Trade Balance (Aug), EZ M3 (Aug), US Durable Goods (Aug), GDP Final (Q2), PCE Prices Final (Q2), Initial Jobless Claims (w/e 21st Sep)Fri: Japan’s ruling LDP party leadership…
By Andrew Mills DOHA (Reuters) -Israeli forces raided the bureau of media network Al Jazeera in the West Bank city of Ramallah early on Sunday morning, issuing it with a military order to shut down operations, the network and the Israeli military said on Sunday. The Qatar-headquartered channel aired live footage of Israeli troops entering the office with their weapons drawn and handing a military court order to Ramallah bureau chief Walid al-Omari forcing the bureau to close for 45 days. The Israeli military said, in response to a Reuters query, that the channel’s offices had been sealed and its…
Warning: TLSNY is at high risk of cutting its dividend Source link