Author: FX
I’m seeing a simple range setup on the hourly chart of EUR/GBP, as traders are likely holding out for top-tier U.K. data. Can the upcoming jobs figures spur a bounce or a break? Check out these near-term inflection points I’m watching! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
The ever-evolving world of forex trading demands a diverse toolkit for navigating price movements. Technical indicators, acting as a bridge between raw price data and actionable insights, play a crucial role in this endeavor. Among this vast arsenal, the SHI MT4 Channel stands out as a powerful tool specifically designed for trend-following traders. This comprehensive guide delves into the intricacies of the SHI MT4 Channel, empowering you to harness its potential and refine your trading strategies. We’ll embark on a journey that demystifies its mechanics, explores its strengths and limitations, and equips you with the knowledge to integrate it effectively…
The JF Engulfing and Support Resistance Breakout Arrows Forex Trading Strategy has garnered attention in the forex trading community for its systematic approach to navigating currency markets. This strategy integrates the precision of engulfing candle patterns with strategic support and resistance levels, complemented by breakout arrows that provide clear signals for entering and exiting trades. Engulfing candle patterns plays a pivotal role in this strategy, signaling potential shifts in market sentiment when one candle fully engulfs the preceding one. These patterns gain significance when they coincide with support or resistance levels, where price movements often encounter resistance or find support.…
Makoto Sakura is a former Bank of Japan monetary board member. says the Bank of Japan will not be able to hike again in 2024predicts a rate hike by March 2025 This article was written by Eamonn Sheridan at www.forexlive.com. Source link
This week our currency strategists decided to focus on the Reserve Bank of Australia monetary policy statement and the latest jobs data from New Zealand for this week’s price outlook discussions. Out of the four scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay. Check out our review on that discussion to see what happened! Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on…
CCL Industries Inc. (CCL), a global leader in specialty label and packaging solutions, has reported a robust performance for the second quarter of 2024, with a notable 12.2% increase in sales, reaching $1.85 billion. This growth was attributed to organic expansion, strategic acquisitions, and favorable currency translations. Operating income saw a substantial rise of 25% to $303.5 million, excluding currency impacts. The quarter’s net earnings were positively influenced by a significant revaluation gain, totaling $279.5 million. The company’s financial health remains solid, with a leverage ratio of 1.23x and substantial liquidity, including cash on hand and available credit facilities.Key TakeawaysCCL…
Another busy week for corporate earnings is ahead, with a diverse range of companies set to report results, offering insights into various sectors ranging from e-commerce and technology to retail and industrials. Investors will be keenly watching the performance of tech giants like Alibaba (NYSE:BABA), Cisco (NASDAQ:CSCO) and Tencent (OTCPK:TCEHY), as well as retail behemoths Walmart (NYSE:WMT), Home Depot (NYSE:HD) and JD.com. Additionally, the week will also feature earnings results from Barrick Gold (NYSE:GOLD), Deere (NYSE:DE), Applied Materials (AMAT), Grab Holdings (GRAB), Nu Holdings (NU), Sea Limited (SE), Lithium Americas (LAC), Cardinal Health (CAH), Workhorse Group (WKHS) and Ballard Power…
VIENNA (Reuters) – The lawyer of the main suspect in a foiled plot to carry out an attack at Taylor Swift concert in Vienna on Sunday sought to play down the seriousness of the plan, saying her client was only “playing with ideas”. Swift’s three planned concerts this week were cancelled after Austrian authorities discovered a plot allegedly led by a 19-year-old to carry out an ISIS-inspired suicide attack at a soccer stadium where tens of thousands of fans were planning to attend the shows. Austrian investigators said the youth had recently sworn a pledge to ISIS and had made…
UPCOMING EVENTS:Tuesday: Australia Wage Price Index, UK Labour Market report, Eurozone ZEW, US NFIB Small Business Optimism Index, US PPI.Wednesday: RBNZ Policy Decision, UK CPI, US CPI.Thursday: Japan Q2 GDP, Australia Labour Market report, China Industrial Production and Retail Sales, UK Q2 GDP, US Retail Sales, US Jobless Claims, US Industrial Production and Capacity Utilisation, NAHB Housing Market Index.Friday: New Zealand Manufacturing PMI, UK Retail Sales, US Housing Starts and Building Permits, US University of Michigan Consumer Sentiment. TuesdayThe Australian Wage Price Index Y/Y is expected at 4.0% vs. 4.1% prior, while the Q/Q measure is seen at 0.9% vs.…
By Jayshree P Upadhyay MUMBAI (Reuters) -U.S. based short-seller Hindenburg Research in a new report released on Saturday alleged that the chairperson of India’s market regulator Madhabi Puri Buch previously held investments in certain offshore funds that were also used by Adani Group. In a late night press statement, Buch denied these allegations and called them baseless, adding that a detailed statement would be issued later. Hindenburg’s report sparked fresh criticism from India’s opposition political parties who demanded a parliamentary probe. Citing whistleblower documents, Hindenburg said Buch and her husband held stakes in an offshore fund where a substantial amount…