Author: FX
Prior month 27.1Own activity 37.1 versus 16.3 last month. 7-year highExperienced own activity rose 1 point to -21, remaining weak.Confidence and activity expectations were high even before the Reserve Bank’s OCR cut.Pricing intentions increased 3 points to 41% of firms planning price hikes in the next three months.Planned price increase rose from 1.4% to 1.6%.Inflation expectations fell from 3.2% to 2.9%, the first sub-3% reading since July 2021.The 50.7 is the highest since May 2014This is a strong number. Below are the different components. This article was written by Greg Michalowski at www.forexlive.com. Source link
The KDJ Indicator, also sometimes referred to as the Stochastic Oscillator or simply “KD,” is a technical analysis tool specifically designed for the MT5 trading platform. It helps traders gauge market momentum and identify potential overbought and oversold zones, ultimately aiding in making informed trading decisions. A Brief History of the KDJ Indicator The KDJ Indicator’s origins trace back to the early days of technical analysis. Developed by George Lane in the 1950s, it was initially intended for analyzing the futures market. However, its effectiveness and intuitive nature quickly led to its widespread adoption across various asset classes, including stocks…
The Price Volume Trend (PVT) combined with the True Strength Index (TSI) and Moving Average Convergence Divergence (MACD) form a potent strategy in the forex trading world. These indicators provide traders with essential tools to analyze market dynamics comprehensively, integrating price trends, volume insights, and momentum shifts. The Price Volume Trend (PVT) indicator, created by Joseph Granville, enhances traditional price analysis by incorporating trading volume. This dual approach offers traders a deeper understanding of market sentiment and potential trend reversals, crucial for making informed trading decisions. Pairing the Price Volume Trend (PVT) with the True Strength Index (TSI) and Moving…
WTI price loses ground near $75.15 in Thursday’s early Asian session. Soft demand in China weighs on the WTI price. The threat of supply disruptions in Libya and Middle East geopolitical risks might cap the downside. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $75.15 on Thursday. The WTI price edges lower as investors are concerned about slower economic growth in China. However, oil supply risks in the Middle East and Libya might help limit the WTI’s losses. The sluggish economy and slowing oil demand in China raise the fear of the economic health of the world’s…
Bitcoin’s price failed to hold above 60,000 on Wednesday.😔 The decline followed a brief surge after Federal Reserve Chair Jerome Powell’s recent speech at Jackson Hodl err Hole. The past three months have been tough for orange pill poppers around the world, with bitcoin declining over 12% and its continued failure so far to retest its recent all-time high of nearly 74,000 reached earlier this year. Analysts suggest that profit-taking by crypto traders and low trading volume during this time of year may be contributing to the drop. Despite this, bitcoin continues to see inflows into U.S. spot bitcoin ETFs,…
The economic calendar in the Asian Pacific session is light once again.Fedspeak will have Fed’s Bostic speaking at 6 PM. On Friday, in interviews with Bloomberg TV and CNBC, Bostic stated that he estimates the long-run Federal Reserve rate at 3%. He emphasized that the Fed’s next steps will be data-dependent, noting that inflation has decreased faster than expected, though underlying inflation remains concerning. Bostic highlighted solid business conditions, allowing the Fed to be patient as it seeks a calm and orderly return to a normalized policy stance. He mentioned that while the economy is in a relatively good position,…
Robinhood Markets Inc. (HOOD : NASDAQ) is a California-based financial technology (fintech) company that operates an online discount brokerage with commission-free trading. In this article, we will analyze the technical structure based on the Elliott Wave Theory and highlight its potential growth. HOOD main cycle started in June 2022 establishing an impulsive structure to the upside. Wave I ended in November 2022 then the stock corrected lower in wave II until November 2023. Up from there, It rallied into 5 waves structure within wave III with a 200% increase in price. The stock peaked on July 2024 at $24.88 and then it dropped…
By Mahmoud Issa GAZA (Reuters) – Most Palestinians shopping for hungry families can only stare at the meagre offerings in Gaza City’s street markets, frustrated that soaring prices and shortages of food are pushing essential supplies beyond their reach. Prices of basic commodities have more than quadrupled since the conflict began, piling pressure on families already traumatised by Israel’s military campaign and a humanitarian crisis, with no ceasefire in sight, Gaza residents say. “We do not have vegetables, meat products, eggs or anything,” said Abu Issam, a Palestinian from northern Gaza. “Where are the governments? Where are the people? They…
Prior was -4649KDetails:Gasoline -2203K vs -2265K expectedDistillates +275K vs -1083K expectedRefinery utilization +1.0% vs +0.2% expectedProduction mbpd 13.3mbpd vs 13.4mbpd priorAPI data released late yesterday:Crude -3400KGasoline -1860KDistillates -1400KAhead of the release, WTI crude oil was trading lower by 77-cents to $74.78. This article was written by Adam Button at www.forexlive.com. Source link
AUD/USD continues rising in line with the dominant uptrend. The RSI is showing bearish divergence with price, however, warning of a possible pull back. AUD/USD extends its rally and makes higher highs as it continues the uptrend it began at the start of August. The pair reached a new monthly high of 0.6813 on Wednesday. Although it has pulled back since, it remains in an established uptrend which, given “the trend is your friend” is expected to extend. AUD/USD 4-hour Chart AUD/USD has broken above the key 0.6799 July 11 high, and now sets its sights on the next target…