Author: FX

China’s Trade Balance for September, in Chinese Yuan (CNY) terms, came in at CNY582.62 billion, expanding from the previous figure of CNY649.34 billion. Exports rose 1.6% YoY in September vs. 8.4% in August. The country’s imports arrived at +0.7% YoY in the same period vs. 0% booked previously. In US Dollar (USD) terms, China’s trade surplus widened in September. Trade Balance came in at +81.7B versus +89.8B expected and +91.02B previous. Exports (YoY): 2.4% vs. 6.0% expected and 8.7% previous. Imports (YoY): 0.3% vs. 0.9% expected and 0.5% last. Additional takeaways China Jan-September CNY-denominated Exports +6.2% YoY. China Jan-September CNY-denominated Imports +4.1% YoY.…

Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straightforward approach utilizes 2 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than H1, optimal results are typically achieved within the H1, H4, and Daily timeframes. Trade Details Currently, the Flip 55 strategy has identified a trading opportunity on the EUR/USD pair within the H1 timeframe. I’ve shared a trade setup image for your…

We’ve got a fresh batch of U.K. labor market figures comin’ right up! Can the numbers keep the Bank of England (BOE) on its neutral stance or will it tip the scales either dovish or hawkish? Here’s what you need to know about the upcoming jobs report. 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

China ‘stimulus’ briefing: support for business and consumers, financing costs loweredFederal Reserve speakers Tuesday include Kashkari, Waller, and Kashkari a second timeNZD: RBNZ Deputy Governor Christian Hawkesby will speak about financial stability TuesdayBank of England Monetary Policy Committee member Swati Dhingra is speaking MondayPBOC sets USD/ CNY reference rate for today at 7.0723 (vs. estimate at 7.0722)Bright spots in China’s Ministry of Finance weekend briefingChina has surrounded Taiwan with its militarySingapore’s central bank leaves monetary policy unchangedGoldman Sachs has boosted its China GDP forecast to just below the government targetAUD: CBA maintains base case December RBA 25bp rate cut -…

Traders are in for a busy week as the major economies drop their inflation and labor market updates. Meanwhile, the markets will anticipate the ECB’s decision where President Lagarde and her team are expected to cut interest rates by at least 25 basis points. Which potential catalysts should you be on the lookout for? 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

USD/JPY trades on a stronger note near 149.20 in Monday’s Asian session.  The BoJ rate hike uncertainty continues to undermine the JPY, but geopolitical risks might cap its downside.  The US PPI supports the case for a Fed rate cut in November.  The USD/JPY pair extends its upside to around 149.20 on Monday during the early Asian trading hours. The firmer US Dollar (USD) and uncertainty about the Bank of Japan’s stance on monetary policy provide some support to the pair. The doubts over how aggressive the BoJ would be in raising rates weigh on the Japanese Yen (JPY) against the USD.…

The Color RSI and AutoFib TradeZones Forex Trading Strategy stands out as a particularly powerful tool in the realm of forex trading. By combining the Color RSI with AutoFib TradeZones, this strategy provides a highly effective means of analyzing and responding to market conditions. The Color RSI brings an intuitive, visual approach to the classic Relative Strength Index, using color-coded signals to simplify the identification of momentum shifts. This visual enhancement makes it easier to recognize overbought or oversold conditions at a glance, giving traders a significant edge in spotting potential trading opportunities. The Color RSI’s…

The Corrected Adaptive Moving Average (AMA) combined with the Parabolic Stop and Reversal (SAR) represents a powerful and effective strategy in forex trading. This approach stands out for its ability to refine trading signals and offer a more precise understanding of market dynamics. The Corrected AMA is designed to adapt quickly to price changes, providing smoother, more accurate signals compared to traditional moving averages. Its enhanced responsiveness helps traders cut through market noise and identify genuine trends with greater confidence. On the other hand, the Parabolic SAR is renowned for its effectiveness in detecting potential trend reversals and setting optimal…

The foreign exchange market, or forex for short, can be a thrilling yet intimidating arena for aspiring traders. While fundamental analysis digs into the economic health of a currency, technical analysis equips you with tools to dissect price movements and identify potential trading opportunities. One of the most popular technical indicators in a trader’s arsenal is the Moving Average Convergence Divergence (MACD) with EMA (Exponential Moving Average), a resident on the widely used MetaTrader 4 (MT4) platform. But fear not, forex enthusiasts! This comprehensive guide will unveil the mysteries of the MACD with EMA MT4 indicator, empowering you to make…

By Colleen Howe BEIJING (Reuters) -Oil prices fell by more than $1 a barrel, losing over 1.5% in early trading on Monday, after disappointing Chinese inflation data and a lack of clarity on Beijing’s economic stimulus plans stoked fears about demand. futures were down $1.26, or 1.59%, at $77.78 per barrel by 0020 GMT, and U.S. West Texas Intermediate crude futures fell $1.20, or 1.59%, to $74.36 per barrel. The negative news from China outweighed market concerns over the lingering possibility an Israeli response to Iran’s Oct. 1 missile attack could disrupt oil production, though the U.S. has cautioned Israel…