Author: FX

It was an incredibly challenging week for traders with so many top, top tier events on the calendar. Our strategists targeted mostly U.S. events for very short-term opportunities, which with solid risk management execution would have arguably had a high probability of leading to positive outcomes. Check out our reviews to see how we did! If you’d like to follow our “Play of the Day” picks right when they are published throughout the week, you can subscribe to BabyPips Premium. On Tuesday, our focus turned to EUR/USD ahead of a busy week for Euro area fundamental updates and as the…

Jerome Powell Makes Crucial Comment for Cryptocurrency Market U.Today – Jerome Powell, Chairman of the Federal Reserve, recently made statements that carry substantial weight for the financial markets, including cryptocurrencies. His comment, “I would not note we have achieved a soft landing yet,” reflects ongoing caution from the central bank amid economic recovery efforts. Additionally, Powell’s admission to being in “risk management mode” to avoid acting too hastily or too belatedly, coupled with the expectation to dial back the policy rate this year if the economy evolves as projected. These remarks from Powell are critical for the cryptocurrency market because…

Week Ahead 5th-9th FebruaryMon: Japanese Jibun Final Composite/Services PMI (Jan), Chinese Caixin Final Services PMI (Jan), German TradeBalance (Dec), EZ/UK/US Final Composite/Services PMI (Jan), US ISM Services PMI (Jan)Tue: RBA Policy Announcement, EIA STEO, US Democratic Primary – Nevada, German Industrial Orders (Dec), EZ Construction PMI (Jan), EZ Retail Sales (Dec), New Zealand Unemployment (Q4)Wed: NBP Policy Announcement, Riksbank Minutes (Feb), Swiss Unemployment (Jan), German Industrial Output (Dec), UK Halifax House Price (Jan), Italian Retail Sales (Dec), US International Trade (Dec), Canadian Trade Balance (Dec)Thu: RBI, Banxico & CNB Policy Announcement, CBRT Inflation Report (Jan), US Republican Caucus – Nevada,…

© Reuters. German Economic Affairs and Climate Action Minister Robert Habeck speaks during a session of the lower house of parliament, the Bundestag, in Berlin, Germany February 1, 2024. REUTERS/Liesa Johannssen/File Photo FRANKFURT (Reuters) – German Economy Minister Robert Habeck has floated the idea of a reform of the country’s corporate taxes as one way to take pressure off companies that are facing numerous challenges, including high energy costs. “I also see that we have an overall corporate taxation that is no longer competitive and conducive to investment,” Habeck told weekly Welt am Sonntag. “This is precisely why we should…

Warning: PRNDY is at high risk of cutting its dividend Source link

US DOLLAR OUTLOOK – EUR/USD, USD/JPY, AUD/USDThe U.S. dollar, as measures by the DXY index, rallies following strong U.S. labor market numbersSolid job creation could delay the start of the Fed’s easing cycle and reduce the likelihood of deep rate cutsThis article examines the technical outlook for three major currency pairs: EUR/USD, USD/JPY and AUD/USD.Most Read: US Dollar Forecast – Bulls Mount Comeback; Setups on EUR/USD, USD/JPY, GBP/USDThe US dollar, as measured by the DXY index, blasted higher on Friday after the U.S. jobs report revealed that U.S. employers added 353,000 workers in January, nearly double Wall Street consensus estimates.…

Heads up, Aussie traders! Volatility could pick up for AUD pairs later this week, as the RBA gears up to make another rate decision. Here’s what you need to know if you’re planning on trading this top-tier catalyst. 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

© Reuters. FILE PHOTO: A Tesla Model X car (front) and Model S (2nd L) are photographed at a Tesla electric car dealership in Sydney, Australia, May 31, 2017. REUTERS/Jason Reed/File Photo SYDNEY (Reuters) – Australia on Sunday released a “preferred model” for new standards on vehicle emissions as the country moves closer to finalising rules to boost uptake of electric cars, in line with standards in most other developed economies. The road-map to fuel efficiency standards, a policy that advocates say will spur manufacturers to send more EVs to Australia and further boost adoption, was announced last year by…

Sky_Blue The Biden administration’s pause on new licenses for liquefied natural gas export projects is a “political stunt” that will push emissions higher and hurt global energy security, EQT Corp. (NYSE:EQT) CEO Toby Rice said this week, as criticism of the decision mounts. It’s “bad policy” from an environmental and energy security perspective, as LNG helps replace coal, so limiting LNG increases emissions, Rice told Bloomberg in an interview. Projects due to come online in 2027-28 “now, with this uncertainty, have been shifting to the left,” which means the ability to replace foreign coal also has “shifted to the left,”…

(Reuters) -Russia’s emergencies ministry said its workers had retrieved the bodies of 20 people from the rubble following a Ukrainian attack on a building housing a bakery in the city of Lysychansk in the occupied eastern Ukrainian region of Luhansk on Saturday. The ministry shared video of emergency workers lifting two bloodied people onto stretchers and carrying them in the darkness out of the ruins of a building. The ministry said previously that its workers rescued 10 people and handed them to doctors. From the design and color of the building and a sign matching file imagery of the area,…