Author: FX
Villeroy is out with some comments in the French press:The market view is reasonable on rates at 2-2.50% in 2025The ECB must be wary of risk of insufficient growthFull interviewThe euro is flat today at 1.1075. This article was written by Adam Button at www.forexlive.com. Source link
Gold extends its mini-range on Friday despite US Core Personal Consumption Expenditures inflation data falling below estimates. Technically, XAU/USD trends sideways, with odds still favoring an eventual break higher given the broader uptrend. Gold (XAU/USD) trades mixed on Friday, edging down to trade in the $2,510s after the release of US inflation data in the form of the US Personal Consumption Expenditure (PCE) Index for July. The precious metal started the day mildly weaker after market sentiment turned positive following the release of surprisingly upbeat data from the US, which suggested the economy is unlikely to be heading for a hard landing. US…
Having trading biases can severely impair our ability to read the markets objectively and make good trading decisions. The first step to overcoming these biases is to become fully aware of them. Here are five of the most common forex trading biases. Which ones are you guilty of? 1. Recency bias Do you often find yourself zoning in on your most recent trading decisions and lose sight of the big picture? Then you, my friend, maybe guilty of having a recency bias! Recency bias has a way of clouding judgment and impairing good decision-making as it involves unnecessarily placing too…
(Reuters) -The commander of Ukraine’s air force said on Friday that it had shared with U.S. partners a preliminary report about an F-16 jet crash that took place on Monday. Mykola Oleshchuk said on Telegram that partners from the United States, where the F-16 is manufactured, were assisting the investigation. The Ukrainian military said on Thursday that the F-16 crashed and its pilot died while approaching a target during a major Russian air strike on Monday. A U.S. defense official told Reuters that Monday’s crash did not appear to be the result of Russian fire, and possible causes from pilot…
Fed: 100% probability of a cutECB: 100% probability of a cutBoC: 100% probability of a cutSNB: 100% probability of a cutBoE: 77% probability of a hold (23% probability of a cut)RBA: 94% probability of a hold (6% probability of a cut)BoJ: 96% probability of a hold (4% probability of a cut) This article was written by Arno V Venter at www.forexlive.com. Source link
The Japanese Yen appreciates as increasing Tokyo inflation figures strengthen the BoJ’s hawkish stance on its policy outlook. Tokyo’s CPI rose to 2.6% YoY in August, up from 2.2% in July. The US Dollar holds its ground following stronger-than-expected economic data from Thursday. The Japanese Yen (JPY) retraces its recent gains against the US Dollar (USD) following the Tokyo Consumer Price Index (CPI) data released on Friday. The increase in Tokyo inflation strengthens the Bank of Japan’s (BoJ) hawkish monetary policy stance, supporting the JPY and putting downward pressure on the USD/JPY pair. Tokyo’s Consumer Price Index (CPI) increased to…
MOZCO Mateusz Szymanski/iStock Editorial via Getty Images Uber’s (NYSE:UBER) CEO, Dara Khosrowshahi, expressed optimism about growth in South Korea, despite stiff competition from local leader Kakao, which holds over 90% of the taxi-hailing market, a Reuters report showed. Khosrowshahi highlighted that ~20% of South Korean taxi drivers are now using the Uber Taxi platform, and passengers grew nearly 80% Y/Y, particularly benefiting from an increase in international tourists. “The fact is that a taxi driver who uses the Uber app will make more money, will be more busy,” Khosrowshahi told reporters in Seoul. “We are growing significantly faster than the…
A look at the day ahead in European and global markets from Rae Wee Global investors can’t wait to be done and dusted with August and usher in the new month with a bang, one that’s all but certain to kick off a long-awaited Federal Reserve easing cycle. Asia shares rose on Friday and are poised for a solid end to the month, while the dollar was headed for its worst monthly performance since last November, after Fed policymakers over the past week or so essentially gave the green light for a rate cut on Sept. 18. U.S. stock futures…
After getting rejected on its long-term range resistance, EUR/NZD now seems to have its sights set back on testing support. Will the floor hold again? Take a look at these inflection points I’m watching on the daily time frame: EUR/NZD Daily Forex Chart by TradingView A combination of risk-on flows and relatively upbeat data from New Zealand seem to be propping the Kiwi higher these days while the euro is being dragged south by downbeat CPI reports. EUR/NZD recently fell through the neckline of a short-term triple top pattern, sending it further south from the long-term range resistance near the…
Financial markets waited eagerly for the U.S. preliminary GDP release for the most part of the day, and the numbers did not disappoint! Upgrades to growth and inflation figures were announced, sparking risk-on flows and some gains for Treasury yields and the dollar as well. Read on to find out which other headlines affected asset classes during the latest trading sessions: Headlines: New Zealand ANZ business confidence index jumped from 27.1 to 50.6 in August Australian private capital expenditure sank 2.2% q/q in Q2 2024 vs. projected 0.9% uptick, previous reading upgraded from 1.0% to 1.9% Japanese consumer confidence index…