Author: FX

With the Fed announcing a larger 0.50% interest rate cut and suggesting more easing to come, how did financial markets react to the news? Did we see a uniform reaction among major asset classes or did other headlines take the spotlight? Check out the latest market updates! Headlines: NZ current account deficit in Q2 widened from upgraded 3.83B NZD (previous 4.36B NZD shortfall) to 4.83B NZD (3.95B NZD deficit expected) BOC official Rogers said that core measures of inflation should decline and that policymakers want to see more progress Japanese core machinery orders fell 0.1% m/m (0.4% expected, 2.1% previous)…

The FOMC lowered interest rates by 50 basis points to 4.75% to 5.00% in their September meeting, marking an aggressive start to their monetary policy easing cycle. This was also the first reduction in borrowing costs since the start of the pandemic in 2020 during which major central banks announced emergency easing measures. The last time the Fed slashed rates by 0.50% was during the financial crisis of 2008. According to their official statement “The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals…

The foreign exchange market, or forex for short, can be a thrilling yet intimidating arena for both seasoned veterans and curious newcomers. Navigating the ever-shifting tides of currency prices requires a keen eye for trends and a robust toolkit of technical analysis indicators. Today, we’ll delve into the ADX Channel MT5 Indicator, a powerful tool designed to empower traders by providing valuable insights into market volatility and trend strength. Benefits of Using the ADX Channel Indicator So, why should you consider incorporating the ADX Channel into your trading strategy? Here are some compelling advantages: Enhanced Trend Clarity: The ADX Channel excels…

You’ll notice that the HKMA base rate is slightly above the Fed Funds rate.The HKD trades in a band linked to the US dollar prescribed by the HKMA. You can see the limits of the band in the chart below.The Hong Kong Monetary Authority (HKMA) adjusts its interest rates in line with the U.S. Federal Reserve’s decisions primarily because of the linked exchange rate system between the Hong Kong Dollar (HKD) and the United States Dollar (USD).Established in 1983, this system pegs the HKD to the USD within a narrow band, currently at a rate of about 7.8 HKD to…

Gold prices fall following a 50 bps Fed rate cut; officials project fed funds rate to reach 4.4% by 2024. Fed expresses confidence in nearing 2% inflation target, despite economic uncertainties and balanced mandates. US Treasury yields climb to 3.67%; US Dollar Index dips 0.54% to 100.49, hitting new yearly low of 100.24. Gold prices fluctuated within the $2,565-$2,600 range during the North American session after the Federal Reserve (Fed) cut rates by 50 bps. The Fed also projected that the fed funds rate would end 2024 around 4.4%, according to the median estimate. At the time of writing, XAU/USD…

krblokhin The U.S. Securities and Exchange Commission said Wednesday it has settled charges with cryptocurrency lending platform Rari Capital and its co-founders, accusing it of operating as an unregistered broker, as well as offering unregistered securities and misleading investors. The SEC’s Source link

OptiNose, Inc. (NASDAQ:OPTN) Chief Executive Officer Ramy A. Mahmoud has sold a total of 4,881 shares of company stock, according to a recent SEC filing. The transaction, completed on September 17, 2024, was executed at a price of $0.87 per share, resulting in a total sale amount of $4,246.The sale was part of a “sell to cover” transaction, a common practice where shares are sold to satisfy tax withholding obligations tied to the vesting of restricted share units. This type of sale is typically mandated by a company’s equity incentive plan and does not necessarily reflect a discretionary trade by…

AI imageFederal Reserve Chairman Jerome Powell delivered the razzle dazzle on Wednesday with a 50 basis point cut to start the rate-lowering cycle. Economists didn’t expect the move but markets had sniffed it out with Fed funds futures pricing in a 55% chance of a larger cut.The immediate reaction was a ‘risk on’ one that include broader US dollar selling, bond buying at the front end, a jump in gold prices and higher stocks.Equity markets are now up eight days in a row as they sensed that Powell could cut by a larger margin. In the aftermath of the cut,…

The Pound Sterling posted modest gains during the North American session, hitting a three-week high of 1.3254, but failed to gain traction as traders braced for the Federal Reserve’s monetary policy decision. Therefore, GBP/USD traders dragged the exchange rate toward 1.3205, still above its opening price by 0.30%. Read More… The Pound Sterling (GBP) gains against its major peers in Wednesday’s North American session as the United Kingdom (UK) inflation data for August came in hotter than expected. The Office for National Statistics (ONS) reported that the core Consumer Price Index (CPI) – which excludes volatile items such as food, energy, oil, and…

One of the more important themes we have discussed before is the need for traders (especially the newbies) to focus on the process rather than the profits. The idea is that a good, disciplined trader could always turn the odds in his favor if he has honed his skills enough to deal with whatever scenario is thrown his way. But becoming a better trader is not as easy as reading the School of Pipsology and then taking as many trades as you can with the hope that experience will teach you the way to profitability. In fact, many traders can’t even move…