Author: FX
(Reuters) -The commander of Ukraine’s air force said on Friday that it had shared with U.S. partners a preliminary report about an F-16 jet crash that took place on Monday. Mykola Oleshchuk said on Telegram that partners from the United States, where the F-16 is manufactured, were assisting the investigation. The Ukrainian military said on Thursday that the F-16 crashed and its pilot died while approaching a target during a major Russian air strike on Monday. A U.S. defense official told Reuters that Monday’s crash did not appear to be the result of Russian fire, and possible causes from pilot…
Fed: 100% probability of a cutECB: 100% probability of a cutBoC: 100% probability of a cutSNB: 100% probability of a cutBoE: 77% probability of a hold (23% probability of a cut)RBA: 94% probability of a hold (6% probability of a cut)BoJ: 96% probability of a hold (4% probability of a cut) This article was written by Arno V Venter at www.forexlive.com. Source link
The Japanese Yen appreciates as increasing Tokyo inflation figures strengthen the BoJ’s hawkish stance on its policy outlook. Tokyo’s CPI rose to 2.6% YoY in August, up from 2.2% in July. The US Dollar holds its ground following stronger-than-expected economic data from Thursday. The Japanese Yen (JPY) retraces its recent gains against the US Dollar (USD) following the Tokyo Consumer Price Index (CPI) data released on Friday. The increase in Tokyo inflation strengthens the Bank of Japan’s (BoJ) hawkish monetary policy stance, supporting the JPY and putting downward pressure on the USD/JPY pair. Tokyo’s Consumer Price Index (CPI) increased to…
MOZCO Mateusz Szymanski/iStock Editorial via Getty Images Uber’s (NYSE:UBER) CEO, Dara Khosrowshahi, expressed optimism about growth in South Korea, despite stiff competition from local leader Kakao, which holds over 90% of the taxi-hailing market, a Reuters report showed. Khosrowshahi highlighted that ~20% of South Korean taxi drivers are now using the Uber Taxi platform, and passengers grew nearly 80% Y/Y, particularly benefiting from an increase in international tourists. “The fact is that a taxi driver who uses the Uber app will make more money, will be more busy,” Khosrowshahi told reporters in Seoul. “We are growing significantly faster than the…
A look at the day ahead in European and global markets from Rae Wee Global investors can’t wait to be done and dusted with August and usher in the new month with a bang, one that’s all but certain to kick off a long-awaited Federal Reserve easing cycle. Asia shares rose on Friday and are poised for a solid end to the month, while the dollar was headed for its worst monthly performance since last November, after Fed policymakers over the past week or so essentially gave the green light for a rate cut on Sept. 18. U.S. stock futures…
After getting rejected on its long-term range resistance, EUR/NZD now seems to have its sights set back on testing support. Will the floor hold again? Take a look at these inflection points I’m watching on the daily time frame: EUR/NZD Daily Forex Chart by TradingView A combination of risk-on flows and relatively upbeat data from New Zealand seem to be propping the Kiwi higher these days while the euro is being dragged south by downbeat CPI reports. EUR/NZD recently fell through the neckline of a short-term triple top pattern, sending it further south from the long-term range resistance near the…
Financial markets waited eagerly for the U.S. preliminary GDP release for the most part of the day, and the numbers did not disappoint! Upgrades to growth and inflation figures were announced, sparking risk-on flows and some gains for Treasury yields and the dollar as well. Read on to find out which other headlines affected asset classes during the latest trading sessions: Headlines: New Zealand ANZ business confidence index jumped from 27.1 to 50.6 in August Australian private capital expenditure sank 2.2% q/q in Q2 2024 vs. projected 0.9% uptick, previous reading upgraded from 1.0% to 1.9% Japanese consumer confidence index…
The PBOC set the USDCNY midpoint at 7.1124. That is the strongest level since June 13.The estimate was 7.1116. The prior was at 7.1299. This article was written by Greg Michalowski at www.forexlive.com. Source link
The DMA (Displaced Moving Average) combined with Buy Sell Volume analysis has emerged as a potent strategy in the dynamic world of Forex trading. This approach integrates advanced technical analysis with real-time market data, offering traders enhanced insights into market trends and strategic trading opportunities. Unlike traditional moving averages, DMA allows traders to adjust the moving average forward or backward on the price chart. This flexibility enables earlier identification of emerging trends, providing clearer signals on market direction and momentum shifts that might not be as evident with standard moving averages. Adding to its robustness, Buy Sell Volume analysis complements…
The Givonly SnR SnD MT5 Indicator stands for Supply and Demand (SnD) and Support and Resistance (SnR). It’s a technical analysis tool designed specifically for the MetaTrader 5 (MT5) platform, a popular choice among forex traders. This nifty indicator simplifies the process of identifying key price levels within the market by visually depicting both SnD zones and SnR levels on your charts. Understanding the Components Before we delve into the mechanics of the indicator, let’s establish a solid foundation. Support and resistance (SnR) levels are fundamental concepts in technical analysis. Imagine a tug-of-war between buyers (demand) and sellers (supply). Support…