Author: FX

For any aspiring Forex trader, navigating the intricacies of the market can feel like deciphering a foreign language. Price movements are measured in pips, the smallest increment a currency pair can fluctuate. But what happens when standard pip measurement just isn’t precise enough? Enter the Pipsometer 5 Decimal MT5 Indicator, a powerful tool designed to enhance your trading experience with unparalleled accuracy. Why Does Precision Matter? So, why should a seemingly minor detail like a few extra decimal places matter in the grand scheme of things? Here’s why: Impact of Spread on Pip Measurement: The spread refers to the difference…

Goldman Sachs just a little wary over some of the weaker economic data.Says a US recession is not priced inand there are signs of a slowdown in Europe and Chinaadd the recent softening in the US labor marketBut, says GS, equity markets are still positioned optimistically:cyclical stocks have underperformed during the correctionUS equity market does not appear to be pricing a recession This article was written by Eamonn Sheridan at www.forexlive.com. Source link

Today, in the U.S., the Producer Price Index (PPI) was released and showed an increase of only 0.1% in July, falling short of the expected 0.2%. Excluding food and energy, the core PPI remained flat. The year-over-year headline PPI showed a sharp drop from 2.7% in June to 2.2% in July. In response, market expectations shifted towards a faster pace of interest rate cuts by the Federal Reserve. As a result, the U.S. dollar took a big fat dump. 💩 The Producer Price Index (PPI) tracks the prices of a wide range of goods and services in the U.S., from…

Dow Jones rallied over 400 points on Tuesday despite choppy start. Equities found higher ground on Tuesday as US inflation pressures ease. After cooling PPI print, US CPI inflation remains in the barrel for Wednesday. The Dow Jones Industrial Average (DJIA) found the gas pedal on Tuesday, rising over 400 points after US Producer Price Index (PPI) inflation eased more than expected in July. This gave stocks a chance to breathe and sent the DJIA into 39,700.00.  Stock news: The Home Depot scores another healthy quarter despite weakness among US consumers US PPI inflation eased to 2.2% YoY in July, falling…

LeoPatrizi Inozyme Pharma (NASDAQ:INZY) traded higher on Tuesday after Jefferies assumed its coverage with a Buy rating and a $17 price target, citing three rare disease opportunities for the company’s lead asset, INZ-701. The enzyme replacement therapy is currently undergoing clinical studies for ENPP1 deficiency, calciphylaxis, and pseudoxanthoma elasticum (PXE), a trio of rare disorders caused by deficiencies of inorganic pyrophosphate (PPi), a regulator of cellular function. Jefferies analyst Maury Raycroft said INZ-701, designed to increase PPi, can achieve $2.5B in peak revenue. The experimental therapy can potentially increase PPi to normal levels in these disease areas, according to the…

The broader S&P and NASDAQ indices are trading sharply higher and in the process making technical brakes to the upside. What are the next key targets? What are the close risks for each. I will go through each in this short video. This article was written by Greg Michalowski at www.forexlive.com. Source link

EUR/USD climbs above 1.0950 on soft US PPI report for July. Market speculation for a 50 basis points interest-rate cut in September has slightly improved. ECB Rehn supports more rate cuts to boost Eurozone economic growth. EUR/USD gains sharply above 1.0950 in Tuesday’s New York session. The major currency pair rises as the US Dollar (USD) dips after the United States (US) Producer Price Index (PPI) data turned out softer than expected in July. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, falls sharply below 103.00. The data showed that the annual headline came in lower at 2.2% from…

pcess609 First Industrial Realty Trust (NYSE:FR) rose after Wolfe Research raised its recommendation on the industrial REIT, considering an improvement potential in supply, estimated earnings growth, favorable valuation and lack of risks. FR was trading 1.66% higher Tuesday pre-market at $53.89. “Supply is currently challenging, but clearly has a path to improvement,” analyst Andrew Rosivach said in a research note. The company is estimated to produce earnings growth of ~9% from 2024-2026. For valuation, FR trades at the lowest FFO multiple in the research firm’s traditional industrial coverage, the note said. “FR’s greatest challenge (supply) has a clear line of…

2024 world oil demand growth forecast unchanged at 970k bpd2025 world oil demand growth forecast seen at 950k bpd (previously 980k bpd)Chinese oil demand has contracted for third consecutive monthWeak growth in China now significantly dragging on global gainsOPEC+ cuts are tightening physical marketsCould see a supply deficit as US summer driving season is set to be strongest since the pandemicThe narrative is more or less the same as from OPEC+ here yesterday. This article was written by Justin Low at www.forexlive.com. Source link

GBP/JPY holds positive ground around 189.20 in Tuesday’s European session.  The cross remains negative on the 4-hour chart, with the bearish RSI momentum indicator.  The first upside barrier is located at 189.50; the initial support level is seen at 186.48.  The GBP/JPY cross attracts some buyers to near 189.20 on Tuesday during the early European trading hours. The Pound Sterling (GBP) gains traction after the latest labor market data showed unemployment across the UK has dropped unexpectedly in the three months to June. The UK Unemployment Rate fell to 4.2% in April-June versus 4.4% prior, the Office for National Statistics (ONS)…