Author: FX

The Dow Jones backslid another 150 points on Wednesday at its low point. Equity markets with little data to chew on are awaiting key earnings reports. Nvidia earnings are due after the closing bell, meaningful economic data starts Thursday. The Dow Jones Industrial Average (DJIA) tested familiar lows on Wednesday, churning chart paper just north of the 43,000 handle. Markets are tepid as investors pull back slightly ahead of a key earnings report from major tech company Nvidia (NVDA) which is due after the bell, and a lack of meaningful economic figures throughout the front half of the trading week…

The U.K. Consumer Price Index (CPI) increased to 2.3% year-over-year in October, surpassing expectations of 2.2% and rising from 1.7% in September. This brings inflation back above the Bank of England’s 2% target. Key points from the Office for National Statistics (ONS) report: Core inflation, excluding energy, food, alcohol, and tobacco, rose to 3.3% from 3.2% Services inflation increased to 5.0%, a concern for the Bank of England Housing and household services saw significant increases, with electricity prices rising 7.7% and gas prices up 11.7% The monthly CPI rose by 0.6%, up from being unchanged in September Headline CPIH (including…

The US treasury will sell… well auction…. $16 billion of 20 year bonds at the top of the hour.The six-month averages of the major components shows: Bid to cover 2.60XTail 0.1 bpsDirects (domestic demand): 17.2%Indirects (international demand): 71.6%Dealers: 11.2% This article was written by Greg Michalowski at www.forexlive.com. Source link

Today’s stronger-than-expected UK CPI print potentially sets up EUR/GBP for continued downside movement in the short-term. With headline inflation jumping to 2.3% versus 2.2% expected, and core measures also running hotter at 3.3%, the odds of aggressive BOE rate cuts appear to be diminishing rapidly. Let’s examine how we may theoretically structure a trade plan around this development. 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

Bank of England (BoE) Deputy Governor Dave Ramsden spoke late in the London market session on Wednesday, highlighting the BoE dove’s stance on rate cuts versus the UK’s current inflation outlook. The BoE policymaker shrugged off October’s upswing in UK inflation as an outlier, convinced that UK inflation will continue to fall fast enough to allow the BoE to continue trimming interest rates.  Key highlights The economy will continue to normalise, with the recent trend towards low and relatively stable inflation continuing. This would imply a scenario in which inflation stays closer to the 2% target throughout the first part…

Trading psychology books and blogs often talk about the need to “remove” emotions from decisions to get more consistent trading results. But can you really remove emotions from decision making? University of Bergen’s Hans-Rüdiger Pfister and Gisela Böhm argue that emotions are NOT external forces that disrupt an otherwise non-emotional process of making a decision. In fact, they believe that decision making without emotional involvement is not optimal and maybe even impossible because emotions aid in four key functions in decision making: 1. Creating preferences Any decision requires information and a trader’s emotional state about a decision’s possible consequences can help form preferences. For example, a trader who is…

Headlines:Markets:USD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields up 5.1 bps to 4.429%Gold down 0.1% to $2,628.43WTI crude up 0.5% to $69.76Bitcoin up 1.4% to $93,583The dollar is starting to perk up again in trading today, following a bit of a breather in the past two days.There wasn’t much to trigger the dollar gains as traders just fell back to the post-election mood in the European morning session. USD/JPY was an early mover, gaining to around 155.20 in the handover from Asia before extending gains to around 155.80 currently.That comes as bond…

Pound Sterling gains as hot UK inflation raise doubts over BoE dovish prospects The Pound Sterling (GBP) gains sharply against the majority of its peers on Wednesday as data from the United Kingdom (UK) Office for National Statistics (ONS) showed inflation accelerated more than expected in October. The Consumer Price Index (CPI) report showed that the annual headline inflation quickened to 2.3% YoY, higher than estimates of 2.2% and the September reading of 1.7%. Compared with the previous month, headline inflation rose sharply by 0.6%, higher than expectations of 0.5% and after remaining flat in September. The core CPI – which excludes volatile…

jetcityimage/iStock Editorial via Getty Images Tesla (NASDAQ:TSLA) chair Robyn Denholm has exercised 112,390 stock options that were set to expire next year, cashing in more than $35M from the EV stock that has rallied after the U.S. election. Denholm sold the shares on Nov. 15 as Source link

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 GBP/JPY pair within the H4 timeframe. I’ve shared a trade setup image for…