Author: FX
Why it’s important?The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on the upper bound of the range, so even if the data comes out inside the range of estimates but on the lower bound of the range, it can still create a surprise effect. Distribution of forecasts Non-Farm Payrolls100K-246K range of estimates140K-175K range most clusteredUnemployment Rate4.4% (3%)4.3%…
Emini S&P September futures stable again yesterday ahead of today’s important data. Source link
Olemedia Andretti Acquisition Corp. II (POLE) Thursday reported the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units are expected to be listed on The Nasdaq Stock Market LLC and begin trading on September 6, 2024, under the ticker symbol “POLEU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would…
Trend traders gather ’round! GBP/NZD may be in for a bearish swing as it struggles to make new September highs near a key resistance zone. Will it lead to the pair extending its months-long downtrend? GBP/NZD 4-hour Forex Chart by TradingView The New Zealand dollar is recovering from when traders worried about China’s data releases and U.S. and global growth and NZD hit notable lows. The British pound, on the other hand, is still trading in wide ranges as traders price in mixed U.K. data releases and slight risk aversion in the European region. Remember that directional biases and volatility…
When the markets are hotly debating the Fed’s next policy moves, U.S. labor market updates – which Fed members said they’re looking closely at – are guaranteed to make market players jittery. On Thursday, a report from Challenger, Gray, & Christmas reflected 75,891 planned job cuts in August, the highest August total since 2009 (excluding 2020). Not only that, but year-to-date hiring has also fallen to its lowest total since the company started tracking in 2005. Link to the August The Challenger Report Later, a report from ADP Research showed a net of 99K job additions in August, much weaker…
Global assets were once again all over the place on Thursday as individual catalysts pushed them around. In the U.S., mixed labor market updates led to a choppy trading environment and eventually weaknesses for the U.S. dollar. How did your favorite assets trade yesterday? We have the deets! Headlines: Japan average cash earnings fell from 4.5% to 3.9% y/y vs. 3.6% forecast; Real wages rose for a second straight month with a 0.4% gain In a speech, RBA Gov. Bullock believes it’s “premature to be thinking about rate cuts,” adding that the Board doesn’t expect to be “in a position…
HKEX will not trade this morning. Hong Kong Exchange and Clearing is the operator of the city’s stock exchange. Its cancelled morning trade in the securities and derivatives market after the city issued a Tropical Cyclone WarningLatest reports are that the warning will be lowered from 8 to 3 around 12.40 pm Hong Kong time (0440 GMT) —More, via the exchange:Hong Kong Exchanges and Clearing Limited (HKEX) announces that trading of its securities (including Stock Connect Northbound trading) and derivatives markets today (Friday) has been impacted by the issuance of Typhoon Signal No.8. If Typhoon Signal No. 8 or above,…
Simple Display Panel The Simple Display Panel is the backbone of the “Simple Display Panel and Trend Arrows Forex Trading Strategy,” offering traders a clear and concise overview of essential market data. This indicator is designed to present critical information such as current price levels, major support and resistance zones, and key momentum indicators in a user-friendly format. By consolidating these data points into one centralized dashboard, the Simple Display Panel enables traders to assess market conditions and make informed trading decisions swiftly. Traders benefit from the simplicity and efficiency of the Simple Display Panel, particularly in fast-paced forex markets…
The DTOSC indicator stands out for its effectiveness in reducing market noise. Applying a double smoothing technique to the traditional Stochastic oscillator filters out false signals that often arise during volatile market conditions. This refinement provides traders with clearer buy and sell signals, helping them make more informed trading decisions. Alongside DTOSC, the Trend Lord indicator plays a crucial role in identifying market trends. It distinguishes between bullish (upward) and bearish (downward) phases, giving traders insights into the broader market sentiment. When combined, these indicators offer a comprehensive view of market dynamics, enabling traders to align their trades with the…