Author: FX
Today we saw a stronger-than-expected Canadian CPI print, potentially setting up CAD/CHF for a continued upside move in the short-term. With headline inflation jumping to 2.0% versus 1.9% expected, and core measures also running hotter, the odds of another BOC rate cut in December 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…
The Kansas City Fed Pres. Schmid is back on the wires saying: Rates are still somewhat restrictive, but not overly soThe coming tariffs, immigration policies will be relevant to the Fed if the impact employment and inflationthe inflation fight is not done yetOnce again, not much . Meanwhile, US stocks extend their gains with the NASDAQ index now up 1% on the day. The index is up 187 points or 1.0% and 18980.00.By the way the high closing level 19298.76 reached on November 11 . The price is still over 300 points away, but getting closer.Shares of Nvidia are trading…
Starlight U.S. Multi-Family reports Q3 results Source link
USD/CAD has reached our end of year target of 1.40 and we fully expect the pair to reach the 1.42 level we highlighted for Q1, Rabobank’s FX analysts Molly Schwartz and Christian Lawrence note. USD/CAD likely to reach 1.46 next year “That said, given two main drivers we outline below, we now expect further extension to the upside with USD/CAD likely to reach 1.46 next year, just shy of the highs from 2016 and 2020.We have seen a decrease in USD/CAD correlations of late but fully expect a resumption of interest rate differential driven moves in 2025.” “Our proprietary FX…
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…
Bank of England (BoE) Governor Andrew Bailey testifies on the November Monetary Policy Report (MPR) before the UK Parliament’s Treasury Select Committee (TSC) on Tuesday. Key quotes Services inflation is still above a level that’s compatible with on-target inflation. We need to watch services inflation very carefully, reflects labour market developments. A gradual approach to removing monetary policy restraint will help us to observe risks the inflation outlook. Most important part of budget is how businesses respond to higher employment costs. Recent evidence has been that inflation has been lower than expected but we don’t know if that will continue.…
jetcityimage/iStock Editorial via Getty Images Packaging solutions company Amcor (NYSE:AMCR) has agreed to acquire peer Berry Global Group (NYSE:BERY) in a $8.4B all-stock transaction. The transaction values Berry’s (BERY) common stock at $73.59 a share. Berry (BERY) shareholders will receive a fixed Source link
BERLIN (Reuters) – Rheinmetall (ETR:) aims for 20 billion euros ($21.08 billion) in sales for 2027, boosted by increased defence spending by EU and NATO country leaders in response to the Ukraine war, the German defence group said in a Capital Markets Day presentation. There is also potential for an 18% operating margin for 2027, said the company on Tuesday, singling out increased market potential by its entry in the United States and a joint venture with Italian defence giant Leonardo. ($1 = 0.9487 euros) 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 AUD/CAD pair within the H4 timeframe. I’ve shared a trade setup image for…
And that comes after a key test of the 1.0500 mark last week, with the importance of the level underlined here. The bounce this week sees the pair nudge up closer to 1.0600 but is also pausing a little since overnight trading. That coincides with the 23.6 Fib retracement level of the swing lower this month, also seen at the figure level.EUR/USD daily chartBesides that, offers layered at the 1.0600 mark are also in play for now and that is keeping the bounce in check. Looking to the near-term chart though:EUR/USD hourly chartWe can more clearly see how the dollar…