Author: FX

This dollar pair has been trading sideways recently but also appears to be forming a short-term reversal pattern. So, will USD/CHF stay stuck in consolidation or can it go for an uptrend soon? Better keep this neckline resistance level on your radar! USD/CHF 4-hour Forex Chart by TradingView What’s next for the U.S. dollar now that the Fed surprised the markets with a 0.50% rate cut and signaled more easing to come? USD/CHF tossed and turned during the actual announcement and presser but eventually resumed its climb closer to its range resistance visible on the 4-hour time frame. Can the…

There is just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.1150 level. It isn’t one that holds much technical significance, but it could put a bit of a floor to price action during the session ahead at least. That with the 100-hour moving average lingering nearby at 1.1140 currently, with the key near-term level holding declines in US trading during the past two sessions.The key risk to the euro though will be the PMI data later. However, it should not have that big an impact as the ECB is comfortable…

The Japanese Yen depreciates, likely due to thin trading conditions stemming from the holiday on Monday. BoJ Governor Ueda stated that the central bank will continue to adjust the level of monetary easing as needed. The US Dollar receives support as Treasury yields improve. The Japanese Yen (JPY) extends its losses for the third consecutive session in holiday-thinned trading on Monday. This downward movement may be influenced by growing concerns that the Bank of Japan (BoJ) is not in a rush to raise interest rates. The Bank of Japan maintained its interest rate target in the range of 0.15-0.25% at…

RBA members are feeling pressured as they continue to keep interest rates high despite cooling price pressures and slowing economic growth. What are the markets expecting from the event and how may AUD react to this week’s decision? We’re discussing the points you need to know if you’re trading the event! 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

By Scott Murdoch and Himanshi Akhand (Reuters) -Australian property listing firm REA Group has made a third pitch to buy British rival Rightmove (OTC:) with a new 6.1 billion pound ($8.12 billion) offer on Monday after its two previous offers were rejected. The latest offer consists of 341 pence in cash and 0.0422 new REA shares giving Rightmove an implied value of 770 pence per share. Shares of REA, which is 62% owned by Rupert Murdoch’s News Corp (NASDAQ:), dropped 1.52% on Monday. Rightmove did not immediately respond to a request for comment on the new non-binding bid outside normal…

It’s the third week of the month, which means it’s time for a fresh batch of global PMI readings! We’ll also get word from Australia’s and Switzerland’s central banks on their monetary policy decisions and outlook. What are market analysts expecting from these major market-moving events? 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

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

The HHLL indicator, a mainstay for many MT4 users, simplifies trend identification by visually highlighting key turning points in price action. But what exactly does it do? At its core, the HHLL indicator recognizes swing points, which are temporary highs and lows in price movements. These swings act as guideposts, revealing the underlying direction of the market. The indicator achieves this by: Identifying Swing Highs and Lows: It distinguishes between higher highs (HH) and lower highs (LH), as well as higher lows (HL) and lower lows (LL). Visually Representing Swings: The indicator typically displays these swing points using different colored dots or…

Federal Reserve (Fed) Bank of Philadelphia Patrick Harker said on Friday that the US central bank has efficiently navigated a challenging economy over the past few years.   Key quotes Monetary policy is likened to driving a bus – need to balance speed. Maximum employment involves job quality, not just quantity. Philadelphia Fed conducts research beyond monetary policy.Importance of both “hard” and “soft” data in decision-making.Fed plays a crucial role in bank supervision and financial stability.Fed is exploring AI and quantum computing impacts on finance. There is a risk that the inflation decline could stall. There is a risk that the labor market could soften.  …

US politics site, Politico, with the news:House Republicans unveiled a stopgap spending bill to fund the government through Dec. 20short-term funding bill is expected to get a vote on the House floor by mid-weekLast week a funding bill failed. Politico add:Congress races against a Sept. 30 government shutdown deadlineMore at the link if you are interested. This article was written by Eamonn Sheridan at www.forexlive.com. Source link