Author: FX

The S&P Global’s August PMI reports reflected solid expansions of the U.K.’s private sector activity, with the manufacturing sector jumping to a 26-month high while the services sector rising to a four-month high. The composite index measuring both the manufacturing and services sectors was also under the spotlight as it hit its highest levels since April: Manufacturing PMI rose from 52.1 to 52.5 Services PMI improved from 52.5 to 53.3 Composite PMI jumped from 52.8 to 53.4 According to the report, “rising business activity and resilient demand conditions contributed to a greater uplift in staff hiring, with the rate of…

At its core, the Volume-Weighted Average Price (VWAP) is a technical indicator that takes both price and volume into account when calculating an average price over a specific timeframe. Unlike traditional moving averages that simply average closing prices, VWAP assigns greater weight to price levels with higher trading volume. This makes VWAP a more dynamic and meaningful representation of a security’s average price throughout the trading day. Here’s why volume matters: Imagine a stock closing at $10. If only 100 shares traded at that price, it wouldn’t necessarily reflect strong market sentiment. However, if 10,000 shares exchanged hands at $10,…

The Range and Kolier SuperTrend Forex Trading Strategy integrates two robust methodologies that empower traders to navigate the complexities of the forex market with confidence and precision. At its core, this strategy revolves around understanding price ranges and leveraging the Kolier SuperTrend indicator to identify opportune moments for trading decisions. Price ranges play a pivotal role in this strategy by pinpointing zones on price charts where trading activity is concentrated. These ranges often signify areas of support and resistance, providing traders with crucial insights into market dynamics and sentiment. By recognizing these patterns, traders can anticipate potential price movements and…

Japanese CPI Overall 2.8% y/yexpected 2.7%, prior 2.8%Core CPI (excluding fresh food) 2.7% y/yexpected 2.7%, prior 2.6%Core-core 1.9% y/y, first time under 2% since September 2022expected 1.9%, prior 2.2%excluding fresh food and energy, this is the closest to US core inflationThe Bank of Japan have been very fussy over the type of inflation seen in Japan. Up until now its been due to the weaker yen and higher import costs, which is ‘cost push’ inflation. The Bank of Japan wants to see inflation being dragged higher by rising wages and demand instead. This is ‘demand pull’ inflation and is considered…

New Zealand’s Retail Sales, a measure of the country’s consumer spending, fell 1.2% QoQ in the second quarter (Q2) from the previous reading of a 0.5% increase, according to the official data published by Statistics New Zealand on Friday. The figure came in worse than market expectations of 1.0% decline. Market reaction to New Zealand’s Retail Sales At the time of writing, NZD/USD is trading 0.26% higher on the day at 0.6140. New Zealand Dollar FAQs The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the…

The GBP/USD has rallied hard the past two weeks, but its upward climb has slowed down just shy of last year’s high of 1.3143. Although the pair has pulled back, the price action suggests very strong bullish sentiment in the GBP/USD pair. However, this optimism may be short-lived, as a less dovish (or even hawkish) tone from Fed Chair Jerome Powell’s upcoming speech could be the spark that ignites a sharp reversal! Currency traders will be holding their breath as JPow prepares to speak at the Jackson Hole Economic Symposium on Friday at 10 a.m. ET.  This highly anticipated event…

mixmotive/iStock Editorial via Getty Images Skydance Media, which agreed to a deal to purchase Paramount Global last month, is accusing the media company of breaching the terms of its deal by extending the time it has to engage with other bidders. “While Skydance is not currently exercising its right to terminate the Transaction Agreement, we reserve the right to do so in the future,” Skydance’s attorneys wrote in a letter that was sent on Thursday, according to a WSJ report. Paramount (NASDAQ:PARA) reportedly on Wednesday extended the “go shop”period to solicit other offers after it was originally expected to expire…

AI imageFriday at 10 am ET, Federal Reserve Chairman Jerome Powell will deliver his highly-anticipated annual speech at Jackson Hole in Wyoming.Current market pricing has been shifting away from 50 basis points; though retaining a high probability of 50 bps before the year is done. For the Sept meeting, the market sees a 75% chance of 25 bps with the remainder at 50 bps. For year end there are 97 bps of easing priced in and for this time next year there are 194 bps priced in (that’s 8 meetings so almost 25 bps at each).Throughout his tenure, Powell has…

Mexican Peso extends losses, pressured by inflation still above Banxico’s 2-4% goal despite recent declines. Economic data shows deceleration in Mexico’s GDP, hinting at potential for further rate adjustments by Banxico. US Dollar strengthens amid strong labor market data and Fed officials signaling potential rate cuts in September. The Mexican Peso prolonged its agony and extended its losses to four straight days against the Greenback after data showed that inflation is coming down; but it remains above the Bank of Mexico’s (Banxico) 2 to 4% goal. The US Dollar appreciates against most currencies amid mixed economic data, yet the USD/MXN…

Oli Scarff/Getty Images News BP (NYSE:BP) shares have been bumping along near two-year lows this month, which may put pressure on new CEO Murray Auchincloss to retreat from a strategy of shifting away from oil and gas, Bloomberg reported Thursday. BP (BP) “pivoted hard toward the energy transition under Bernard Looney around the time of maximum interest in green energy solutions and very low interest rates,” Berenberg analyst Henry Tarr told Bloomberg, but commodity prices have since recovered, “making the legacy upstream business seem more attractive, while higher interest rates and more competition has left some low-carbon businesses looking less…