Author: FX
ANZ-Roy Morgan Consumer Confidence this week is 83.4prior 83.3ANZ comment:The 4-week moving average of the short- and medium-term economic confidence subindices rose to a 6-month high.***Later this week we’ll get the labour market report: This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Is Netflix about to continue its bullish climb, or are the bears preparing for a pullback? With NFLX earnings right around the corner, we’re now approaching key technical levels that could set the stage for the next move. Here’s a closer look at the current setup. Netflix (NFLX): 4-hour NFLX: 4-hour Chart by TradingView Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your homework on NFLX earnings, be sure to do so before working out a trade and risk management plan! From a strictly technical point of view,…
Federal Reserve (Fed) Board of Governors member Christopher Waller noted on Monday that recent US inflation data was a “disappointment”, threading the needle between dangling an increase in the pace of Fed rate cuts in the future while also expressing caution at the current pace. Key highlights I am less certain on destination than policy direction. My baseline calls for reducing policy rate gradually over the next year. The Fed should proceed with more caution on rate cuts than was needed at September meeting. I see pent-up demand for big-ticket items, consumers eager to make purchases as rates come down. Household…
By Nidal al-Mughrabi CAIRO (Reuters) -Israeli forces tightened their squeeze around Jabalia in northern Gaza on Monday, killing at least 10 people queuing for food, according to Palestinians medics, and instructing people to evacuate as they pushed in against Hamas fighters. Jabalia has been the focus of an Israeli offensive for around 10 days and the military has now encircled the camp and sent tanks into nearby Beit Lahiya and Beit Hanoun towns, with the declared aim of stamping out Hamas fighters who are trying to regroup there. Jabalia is home to one of eight historic refugee camps in the…
The EURUSD is trading to a new low and in the process is testing the low from last week along with a swing area between 1.0899 and 1.09126. Get below that area, and the sellers are taking even more control. On the downside, the 200-day MA at 1.08735 would be the next key target. The last time the price traded below the 200 day MA was back on August 2.Earlier today, the price rebounded toward the 100-day MA at 1.09346. The ability to stay below the 100-day MA gave the sellers the go-ahead to move lower. Source link
The New Zealand dollar has been bouncing nicely since the RBNZ cut interest rates last week. Will the Q3 2024 inflation update from New Zealand change the tides for Kiwi? We have the notes you need if you’re trading this week’s release! 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
GBP/USD remains in a tight range between 1.3010 and 1.3095, pressured by the 50-DMA at 1.3104 and support at 1.3000. Momentum favors sellers, with the RSI in bearish territory, suggesting potential for a lower move toward the 100-DMA at 1.2945. A break above 1.3100 could lead to resistance at the October 4 peak of 1.3175, with further gains targeting 1.3200. The Pound Sterling begins the week on the back foot amid a scarce economic docket on Monday, which will gather traction on Tuesday with the UK’s employment report. At the time of writing, the GBP/USD trades at 1.3046 and loses 0.09% amid…
Oct. 14, 2024 10:11 AM ETMelco Resorts & Entertainment Limited (MLCO) Stock, LVS StockMGM, WYNN, WYNMY, SCHYY, SJMHF, GXYEF, WYNMF, MCHVF, MCHVY, SCHYF, SJMHY, MSCBy: Clark Schultz, SA News Editor Kindamorphic The Macau casino sector traded lower on Monday after former Macau judge Sam Hou Fai was elected as the new leader of the region by a 400-member committee. Sam Hou Fai has warned in the past against the outsize influence of Source link
By Sergio Queiroz and Diego Vara SAO JOAO DO POLESINE, Brazil (Reuters) – Scientists in Brazil announced the discovery of one of the world’s oldest fossils believed to belong to an ancient reptile dating back some 237 million years that could help explain the rise of the dinosaurs. Named Gondwanax paraisensis, the four-legged reptile species was roughly the size of a small dog with a long tail, or about 1 meter (39 inches) long and weighing between 3 and 6 kg (7 to 13 pounds), the scientists said in a statement on Monday. The small reptile would have likely roamed…
Fundamental OverviewThe Nasdaq rallied to the recent highs last Friday despite the higher-than-expected US CPI and PPI reports. The Fed targets the PCE though and the Core PCE Y/Y is now expected to tick lower to 2.6%. The market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with the Fed’s projections. Therefore, we will continue to see rate cuts into a resilient economy, which is a bullish driver for the stock market.Also, as a reminder, the Fed’s reaction function has changed, so stronger data will just potentially cause a pause in the easing…