Author: FX
UPCOMING EVENTS:Monday: Japan on Holiday, Australia/Eurozone/UK/US Flash PMIs.Tuesday: Japan Flash PMI, RBA Policy Decision, German IFO, US Consumer Confidence.Wednesday: Australia Monthly CPI.Thursday: SNB Policy Decision, US Durable Goods Orders, US Q2 Final GDP, US Jobless Claims.Friday: Tokyo CPI, Canada GDP, US PCE.MondayMonday will be the Flash PMIs Day for many major economies with the Eurozone, UK and US PMIs being the main highlights:Eurozone Manufacturing PMI: 45.6 expected vs. 45.8 prior.Eurozone Services PMI: 52.1 expected vs. 52.9 prior.UK Manufacturing PMI: 52.5 expected vs. 52.5 prior.UK Services PMI: 53.5 expected vs. 53.7 prior.US Manufacturing PMI: 48.5 expected vs. 47.9 prior.US Services PMI:…
With less than eight weeks to go until Election Day, the contest between Vice President Kamala Harris and former President Donald Trump remains fiercely competitive. The race, marked by stark contrasts in policy and style, is centered around seven pivotal swing states. The results in these states, which have been inundated with advertisements and extensive field operations, will likely determine the next occupant of the White House. One of the foremost concerns among voters and investors alike is the state of the federal budget. UBS makes it clear that the outcome of this election is unlikely to resolve the ongoing…
By Trevor Hunnicutt and David Brunnstrom CLAYMONT, Delaware (Reuters) -Leaders of Australia, India, Japan and the United States expanded joint security steps in Asia’s trade-rich waters as outgoing U.S. President Joe Biden hosted counterparts from the Quad grouping established due to shared concerns about China. Biden, meeting Japanese Prime Minister Fumio Kishida, Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese near his Delaware hometown on Saturday, stressed the importance of maintaining the Quad, which he sees as a signature foreign policy achievement. He will leave office after the Nov. 5 U.S. presidential election. The leaders announced joint…
The PZ Turtle Trading MT5 Indicator is a technical analysis tool designed to identify potential breakout opportunities within trending markets. It’s based on the legendary Turtle Trading experiment conducted by Richard Dennis and William Eckhardt in the 1980s. Dennis, convinced that successful trading could be taught, recruited a group of individuals with no prior experience and trained them on a specific set of trend-following rules. The experiment’s success story continues to inspire traders today. The PZ Turtle Trading MT5 Indicator embodies the core principles of the Turtle Trading system, making it accessible to modern traders using the MetaTrader 5 platform.…
The Choppiness Index, pioneered by Bill Dreiss, is instrumental in assessing market conditions by quantifying choppiness on a scale from 0 to 100. High CHOP readings denote turbulent, directionless markets, while lower readings signal smoother, trend-friendly conditions. This critical insight enables traders to sidestep erratic market phases and concentrate on opportunities ripe with clear trend signals, thereby enhancing the precision of their trading decisions. Paired with the Arrow Buy Sell strategy, which harnesses the power of technical analysis, traders gain a structured methodology to identify optimal entry and exit points based on price movements and indicator crossovers. By integrating these…
The TDI (Traders Dynamic Index) combined with a sharp focus on market volatility stands out as a formidable strategy in the realm of forex trading. This approach harnesses the robust capabilities of the TDI indicator, which consolidates moving averages, relative strength indicators, and volatility analysis into a single tool. Its strength lies in offering traders a comprehensive view of market momentum and volatility, empowering them to make informed trading decisions with confidence. Volatility, a crucial metric measuring the rate and magnitude of price changes, forms the cornerstone of this strategy. By strategically aligning TDI signals with periods of heightened volatility,…
Win McNamee Update 1 6:00 PM ET: Adds Trump’s comments, Changes headline Donald Trump on Saturday rejected Kamala Harris’ proposal for another debate less than two weeks before election day, hours after the Vice President’s campaign said she had accepted an invitation for a Source link
MEXICO CITY (Reuters) – The U.S. ambassador to Mexico on Saturday rejected President Andres Manuel Lopez Obrador’s claims that the U.S. was “co-responsible” for violence in the western state of Sinaloa, where more than 50 people have died in an intra-cartel war this month. Two rival factions of the powerful Sinaloa Cartel have been fighting since Sept. 9, a conflict that can be traced to the high-profile arrest on U.S. soil of legendary trafficker, Ismael “El Mayo” Zambada, on July 25. Zambada alleges he was kidnapped in Mexico and flown to the U.S. by Joaquin Guzman Lopez, a senior crime…
JHVEPhoto Broadcom (AVGO) isn’t currently considering an offer for Intel Corp. (NASDAQ:INTC). Broadcom (AVGO) was previously assessing a potential bid for chipmaker Intel (INTC), according to a Bloomberg report on Saturday, which cited people familiar with the Source link
TOKYO (Reuters) -Record rains in central Japan’s Noto region, still recovering from a major New Year’s Day earthquake, killed at least one person on Saturday, prompted evacuation orders for tens of thousands and caused blackouts for more than 6,000 households. Seven people, including four working on quake reconstruction, were missing, and calls for rescue were swamping the fire department, public broadcaster NHK reported. Hourly rainfall hit record 121 mm (4.8 inches) on Saturday morning in Wajima, while neighbouring Suzu received 84.5 mm in an hour, also an all-time high. TV footage showed brown floodwater turning streets into rivers in Wajima,…