Author: FX
The ECB may cut its interest rates again in September! What exactly are the markets expecting from President Lagarde and her team and how might EUR react to the event? We’re discussing the points you need to know if you’re trading the central bank decision: 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
With not a lot of fresh catalysts to consider, the markets are starting to position themselves ahead of anticipated data releases on Wednesday and Thursday. Which headlines moved the major assets anyway? We’re discussing Tuesday’s major market movers: Headlines: Westpac: Australian consumer sentiment dipped 0.5% from 85.0 to 84.6 in September; Focus may be shifting from cost of living to job prospects NAB: Australia’s business confidence fell from 1 to -4 in August, the first negative reading in three months China trade surplus widened from $67.81B to $91.02B in August as exports (+8.7% y/y) outpaced imports (0.5% y/y) Japan preliminary…
Gold has been cruising close to its record highs in the past few days but seems to be struggling to bust out of consolidation. Check out these inflection points I’m watching! Gold (XAU/USD) 1-hour Forex Chart by TradingView All this talk about the size of the Fed’s potential September rate cut seems to be keeping this precious metal on edge! Market players are keeping extra close tabs on U.S. data points these days, attempting to gauge if the FOMC is about to announce a standard 0.25% reduction in borrowing costs or a larger 0.50% cut later this month. With that,…
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…
On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1182, as against the previous day’s fix of 7.1136 and 7.1198 Reuters estimates. Source link
The foreign exchange market, often abbreviated as Forex, is a dynamic and ever-changing landscape. Success in this arena hinges on a multitude of factors, but one often-overlooked element stands out: timing. Just like a master chef knows precisely when to add ingredients for a perfect dish, a skilled Forex trader understands the importance of entering and exiting trades at the opportune moment. This is where Timing MT4 Indicators come into play, acting as powerful tools to enhance your trading decisions and potentially elevate your profitability. Demystifying Time in MT4 Trading Before delving into the world of Timing MT4 Indicators, let’s…
(Reuters) -U.S. officials will hold talks with Bangladesh’s interim government to see how the United States can support the country’s economy and development, the U.S. State and Treasury departments said on Tuesday. An interim government led by Nobel Peace laureate Muhammad Yunus was sworn in last month with the aim of holding elections in the South Asian nation after the ouster of prime minister Sheikh Hasina following deadly protests. A State Department statement said Donald Lu, assistant secretary for South Asia, will be part of a U.S. delegation holding meetings with the Bangladeshi interim government. Lu will also visit India…
We have Sarah Hunter, Assistant Governor (Economic) at the Reserve Bank of Australia speaking today. I’ve added it to the screenshot below, and I posted a little on what to listen out for earlier:After Hunter the calendar gets very bleak … why do I always get to cover the US presidential debates, huh? It’s the absolutely awesome <insert your fave here> vs. the completely terrible <insert your nemesis here>.I’ll have pertinent headlines. And …. its weird but you can watch the debate live on Disney TV if you want to. Source link
US Dollar is rising ahead of the presidential debate, continuing its strength despite ongoing dovish Fed easing expectations. Outcome of tonight’s debate between Vice President Harris and former President Trump might shake the USD’s ground. Dovish bets on the Fed might limit the USD’s upside. The US Dollar Index, a measure of the USD’s value against six other currencies, is firm ahead of tonight’s presidential debate. Markets are likely to react to the debate outcome, with analysts expecting volatility in currency markets depending on the perceived winner. Market focus is set on Wednesday’s Consumer Price Index (CPI) inflation figures. Despite…
The latest U.K. employment situation update reveals a mixed picture, with signs of cooling in the labour market but continued wage pressures, leaving the Bank of England (BoE) in a delicate position ahead of its September 19th meeting. Key Points: The UK employment rate for people aged 16-64 was estimated at 74.8% in May to July 2024, up 0.5 percentage points on the quarter but down 0.1 percentage points compared to a year ago. The unemployment rate was estimated at 4.1%, down 0.2 percentage points on the quarter and down 0.2 percentage points on the year. Economic inactivity was 21.9%,…