Author: FX

The Reuters Tankan for Japan is not listed in the screenshot, but its due at 2300 GMT / 1800 US Eastern time. Japan’s economy is throwing mixed signals, but generally seems improving. Eyes on this from Reuters today. The Reuters Tankan Index provides a monthly snapshot assessing Japanese business sentiment ahead of the Bank of Japan’s quarterly report also with the Tankan name. The term “Tankan” is short for “Tanshin Kansoku,” which roughly translates to “Short-term Economic Observation”.This snapshot from the investingLive economic data calendar.The times in the left-most column are GMT.The numbers in the right-most column are the ‘prior’…

We all need to start somewhere. For most, it’s starting on a demo account, risking virtual money while learning the ropes of trading forex. A safe environment where you can make mistakes that won’t sting, safely preparing you for the real thing. But what happens after the demo account? After all, you can’t make money using it. How Your Demo Account Trading Helps Transitioning from a demo account to risking real money can be a big step. Nevertheless, your time practising with virtual money has provided invaluable experiences that prepare you for prop trading. Using your demo account should have…

The US Dollar (USD) extended its decline to fresh monthly lows as investors reacted to weaker-than-expected ADP employment data, which reignited speculation that the Federal Reserve could deliver additional easing. Meanwhile, optimism over a potential deal to end the US government shutdown continued to build.Here’s what to watch on Wednesday, November 12:The selling pressure gathered renewed steam on Tuesday, sending the US Dollar Index (DXY) to new monthly lows near 99.30 despite a slight uptick in US Treasury yields and amid further bets of a rate reduction by the Fed by year-end. The usual weekly MBA Mortgage Applications are due…

Nvidia shares are down about 3% today after surging 5.79% yesterday, a move that highlights just how volatile the stock has been near its all-time highs. The rebound yesterday followed several weeks of sharp declines, giving traders a brief sense of relief and tilting the short-term bias back to the upside.However, today’s gap lower has quickly shifted momentum again, tilting the bias back to the downside — though there’s still some “work to do” before sellers can fully take control. The conflicting signals reflect the market’s ongoing struggle to define direction at these elevated levels.In the video above, I walk…

Is the longest government shutdown in American history about to finally end? New developments over the weekend signaled that the standoff could be over, as the possibility of an agreement came to light. As it turned out, eight Senate Democrats broke ranks with their party leadership and voted with Republicans to advance a deal that could reopen the government this week. So what’s actually in this deal? Why did some Democrats support it and why are others are furious? And what could still go wrong? Here’s everything you need to know about this historic agreement. What Happened: The 40-Day Standoff…

The Euro (EUR) weakens against the Swiss Franc (CHF) on Tuesday as the Franc shows relative strength among major peers amid optimism over a potential US-Switzerland trade deal. At the time of writing, EUR/CHF trades around 0.9270, its lowest level since October 31, down about 0.30% on the day, as investors favor the Swiss currency across the board.The Franc’s latest advance comes after US President Donald Trump confirmed on Monday that Washington is “working on a deal to get their tariffs a little bit lower,” referring to import duties imposed on Swiss goods. “I haven’t set any number, but we’re…

INOVIO announces pricing of $25M public offering Source link

Stocks rise as US shutdown nears end; niggles over tech persist Source link

To keep liquidity ampleThe external situation remains unstable and uncertainChina’s economy is facing many risks, challengesNeed to consolidate the economic recoveryTo strengthen transmission of monetary policyTo maintain prices at a reasonable levelWill stabilise growth, jobs, expectations; maintain forex flexibilityTo increase efforts to support consumption, tech innovationThere’s nothing new here as the PBOC continues to reaffirm their pledge to keep more easy monetary policy conditions in trying to prop up the economy. Sentiment in China has definitely improved this year and avoiding a trade war with the US is definitely helping. However, domestic demand remains weak – if not dead in…

In an interview with a Spanish newspaper, Expansion, on Tuesday, European Central Bank (ECB) board member Frank Elderson shared his view on the inflation outlook.Key quotes”The risks of inflation turning out higher than expected are balanced with those of inflation being lower than expected.”“Overall, what we are now seeing is that it will converge to our 2% target in the medium term.”Market reactionAt the time of writing, EUR/USD is holding steady near 1.1560, unperturbed by these comments. Euro Price Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against…