Author: FX
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19th-23rd August 2024:Mon: US Democratic National Convention (Aug 19-22), Bank of Indonesia Announcement, New Zealand Trade Balance (Jul)Tue: US Democratic National Convention (Aug 19-22), PBoC LPR, RBA Minutes, Riksbank Announcement, CBRT Announcement, EZ Final CPI (Jul), Canadian CPI (Jul)Wed: US Democratic National Convention (Aug 19-22), FOMC Minutes, Japanese Trade Balance (Jul)Thu: US Democratic National Convention (Aug 19-22), Fed’s Jackson Hole Economic Policy Symposium (Aug 22- 24), ECB Minutes, BoK Announcement, EZ Negotiated Wage Rates (Q2), EZ/UK/US Flash PMIs (Aug), New Zealand Retail Sales (Q2)Fri: Fed’s Jackson Hole Economic Policy Symposium (Aug 22-24), Japanese CPI (Jul), Canadian Retail Sales (Jun)PBoC LPR…
By Jarrett Renshaw (Reuters) – In the five weeks since U.S President Joe Biden abandoned his flailing reelection bid, the Democratic Party’s fortunes have changed dramatically, and this week the change will be on full display. Vice President Kamala Harris, now the party’s candidate, is heading into the Democratic National Convention riding a historic whirlwind: her campaign has broken records for fundraising, packed arenas with supporters, and turned the polls in some battleground states in Democrats’ favor. Harris and her running mate, Minnesota Governor Tim Walz – have turned “joy” into a campaign buzz word, a pithy reminder of the…
KYIV (Reuters) – Russia launched on Sunday its third ballistic missile on Kyiv in August, with preliminary data showing that all the air weapons were destroyed on their approach to the city, the military administration of the Ukrainian capital said. “This is already the third ballistic strike on the capital in August, with exact intervals of six days between each attack,” Serhiy Popko, the head of the Kyiv military administration, said on the Telegram messaging app. “According to preliminary information, the Russians again, for the third time in a row, most likely used North Korean ballistic missiles.” Popko added that…
Solana (SOL) price prediction: Bullish vs. bearish scenarios for the future value of SOLThe Solana (SOL) cryptocurrency has been one of the most talked-about assets in the crypto space, known for its high-performance blockchain and a surge in market value in recent years. As someone who has actively traded Solana since its early days, I’ve observed firsthand how quickly market sentiment can shift in the crypto space. I recall the dramatic rise of SOL in 2021, when it surged from under $1 to over $200 within a year, driven by widespread adoption of its high-performance blockchain for decentralized applications. Even…
The FXCX Divergence indicator is a technical analysis tool specifically designed for the MT4 platform. It harnesses the power of divergence, a phenomenon where the price movement of an asset and the readings of a technical indicator diverge, potentially foreshadowing a shift in the prevailing trend. Imagine this: you see prices steadily climbing, forming higher highs. But the FXCX indicator, instead of mirroring this bullish behavior, starts printing lower highs. This bullish divergence suggests that the underlying buying pressure might be waning, hinting at a potential price reversal. By incorporating the FXCX Divergence indicator into your trading arsenal, you gain…
The Custom High Low and Xmaster Formula Forex Trading Strategy has emerged as a potent tool in the arsenal of forex traders. This strategy combines technical analysis with customizable elements to pinpoint optimal entry and exit points in the market. At its core, the strategy identifies key high and low points in price movements. These critical levels serve as indicators for potential trend changes or continuations. By incorporating the Xmaster Formula, which applies mathematical calculations to these pivotal points, traders gain a nuanced understanding of market dynamics beyond basic support and resistance levels. What sets this strategy apart is its…
A note from economists at the investment bank. I haven’t spotted it yet but news wires carrying the highlights.In summary:cuts US recession likelihood to 20% from 25%, and says it may cut further, to 15%, if the nonfarm payroll report for August is ‘reasonably good’GS cite the retail sales data, best since early in 2023, and the jobless claims data showing the fewest requests for unemployment benefits in six weeksGoldman economists say they are even more confident now a 25bp rate cut from the Federal Open Market Committee (FOMC) September meeting (17 and 18th), but a disappointment on the August…
GetYourPic/iStock via Getty Images Some 40% of the projects announced in the first year of implementing the Biden administration’s signature industrial and climate infrastructure spending policies have been delayed or paused, according to a Financial Times investigation posted this week. The Inflation Reduction Act and Chips and Science Act offered more than $400B in tax credits, loans and grants to stimulate development of a U.S. clean tech and semiconductor supply chain, but of announced projects worth at least $100M, a total of $84B has been placed on hold for several months or years or paused indefinitely, the report said, adding…
By Nathan Layne and Joseph Ax WILKES-BARRE, Pennsylvania (Reuters) -Republican Donald Trump said on Saturday he believed Democrat Kamala Harris will be easier to beat than President Joe Biden even as some polls showed her edging ahead in the race for the Nov. 5 presidential election. Trump, the former president, held a rally on Saturday in Wilkes-Barre in the northeastern part of Pennsylvania, a state looming large in the campaign. Vice President Harris will conduct a bus tour of western Pennsylvania starting in Pittsburgh on Sunday, ahead of the kickoff of the Democratic National Convention on Monday in Chicago. “I…