Author: FX

Nikada The Asia-Pacific equity markets were mostly higher on Thursday, in the wake of solid sessions overnight at Wall Street’s S&P 500 and Nasdaq after a mixed US consumer inflation report that raised bets for a smaller 25 basis point rate cut from the Federal Reserve next week. The Japan (NKY:IND) +3.46% jumped while the broader Topix Index gained 2.6% to 2,600 on Thursday, reversing losses from the previous session as Bank of Japan officials indicated plans to hike rates steadily. BOJ board member Naoki Tamura said on Thursday that the central bank must push up short-term rates to at…

A look at the day ahead in European and global markets from Stella Qiu Asian stock markets were broadly higher as investors regained some of their love for tech stocks, and Nvidia (NASDAQ:) in particular, while looking ahead to a near-certain rate cut by the ECB and possible hints on what more is to come. All of which helped to offset a damper on the markets from the rapidly diminishing chances for an outsized half-point rate cut by the Fed next week. The much anticipated U.S. inflation report overnight showed that the core CPI rose 0.28% in August, slightly above…

The major assets were all over the place on Wednesday as traders priced in their Fed rate cut biases, U.S. political updates, and top-tier reports from the U.K. and the U.S. In FX, a hotter-than-expected U.S. core CPI helped the dollar recover some of its intraday losses but also limited its gains against risk-related currencies. Which headlines dominated the markets yesterday? Let’s discuss the top ones: Headlines: RBA Assistant Gov. Sarah Hunter said the labor market is “still tight relative to full employment” and historical standards The U.S. Presidential debates resulted in a reversal of “Trump trades” with the U.S.…

Data from the U.S. Bureau of Labor Statistics showed the U.S. headline inflation clocking in at 0.2% m/m in August, the same as July’s rates and analysts’ estimates. The annual headline inflation slowed down sharply from 2.9% to 2.5%, slower than the market’s 2.7% estimates. In fact, 2.5% marks the slowest since March 2021! Headline CPI (m/m): 0.2% (0.2% expected and previous)Headline CPI (y/y): 2.5% (2.7% expected, 2.9% previous) Core CPI (m/m): 0.3% (0.3% expected, 0.2% previous)Core CPI (y/y): 3.2% (3.2% expected, 3.2% previous) But before you say “COOL INFLATION MEANS MORE RATE CUTS” you should know that the monthly…

The Melbourne Institute Survey of Consumer Inflationary Expectations for Australia shows a drop to 4.4% in Septemberprior 4.5%The Reserve Bank of Australia target band is 2 to 3% for inflation. Expectations are well above official CPI rates (quarterly and monthly) This article was written by Eamonn Sheridan at www.forexlive.com. Source link

The foreign exchange market, or forex for short, thrives on trends. That’s the name of the game identifying when prices are consistently rising (uptrend) or falling (downtrend) and capitalizing on those movements. But navigating the ever-shifting seas of currency exchange rates can be tricky. That’s where technical analysis comes in, offering a toolbox of indicators to help you spot trends and make informed trading decisions. One powerful tool in this arsenal is the Kaufman Adaptive Moving Average (KAMA), specifically designed for the MetaTrader 4 (MT4) platform, a widely used software by forex traders. Developed by technical analysis guru Perry Kaufman,…

The Intraday Channel Breakout and Professional Swing Forex Trading Strategy has emerged as a powerful tool for traders seeking to capitalize on both short-term fluctuations and longer-term trends. This approach seamlessly integrates the rapid-fire decision-making of intraday trading with the patient strategy of swing trading, providing traders with a versatile framework to exploit opportunities across various market conditions. At its core, the strategy revolves around identifying and leveraging price channels within which currency pairs oscillate during a trading session. These channels represent zones of support and resistance, where price movements often encounter temporary barriers or breakthrough opportunities. By carefully monitoring…

The Hull Moving Average (HMA) and Volume Weighted Moving Average (VWMA) are two powerful indicators tools in the arsenal of forex traders seeking to navigate the complexities of financial markets with greater precision. Developed to address shortcomings in traditional moving averages, these indicators offer distinct advantages in analyzing price trends and market sentiment. Alan Hull’s innovation with the HMA revolves around its ability to reduce lag while maintaining smoothness in its calculation. Unlike simple moving averages (SMAs) that can be slow to react to recent price changes, the HMA employs a weighted formula that responds more dynamically. This feature makes…

Gold retreats from a daily high of $2,529 after US inflation data boosts odds of a 25 bps Fed rate cut. Rising US Treasury yields and a stronger US Dollar weigh on the non-yielding metal with the 10-year T-note climbing to 3.655%. CME FedWatch Tool shows 71% chance of a 25 bps cut. Gold fell late in the North American session, down by 0.18%, after hitting a daily peak of $2,529. US inflation data prompted traders to cut longs in the non-yielding metal due to increasing odds that the Federal Reserve (Fed) will kick off its easing cycle with a…

zorazhuang/iStock via Getty Images Indigenous-owned Aspen Investments LP confirmed Wednesday that its agreement to acquire a 5.34% stake in the NGTL natural gas pipeline system and the Foothills pipeline assets from TC Energy (NYSE:TRP) has been delayed due to a transaction structuring issue. Aspen Investments said it is seeking further information and explanations from TC Energy (TRP) but is committed to completing the transaction. TC Energy (TRP) said on Tuesday only that it will provide material updates as they become available. The deal had been expected to provide a key step to achieving the company’s C$3B asset sale target for…