Author: FX
Bank of Korea will meet on Thursday January 11. It’s the first major Asian economy central bank to meet in the new year. HSBC are expecting the ‘on hold’ at 3.25% decision to be unanimousand the Board to retain the wording ‘maintain a restrictive policy stance for a sufficiently long period of time’ in its forward guidanceBOK might change its tone which could hint at a possible easing in the near termHSBC do warn though that “inflation is likely still too high for a near-term start of easing.” This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Share: USD/CAD attracts some buyers on Monday and is supported by a downtick in Crude Oil prices. Elevated US bond yields and a softer risk tone underpin the USD and further lend some support. The uncertainty over the Fed’s rate cut trajectory might hold back bulls from placing fresh bets. The USD/CAD pair ticks higher during the Asian session on the first day of a new week, albeit lacks follow-through buying and remains confined in Friday’s broader trading range. Spot prices currently trade just above mid-1.3300s and seem poised to prolong the recent goodish recovery move from a…
In the fast-paced world of financial markets, traders and investors are always on the lookout for tools that can help them make more informed decisions. One such tool that has gained popularity among traders is the Colored Stochastic MT4 Indicator. In this article, we will delve into this powerful technical indicator, explaining its functionality, interpretation, and practical application. Whether you’re a seasoned trader or just starting, understanding the Colored Stochastic MT4 Indicator can be a valuable addition to your trading arsenal. What is the Colored Stochastic MT4 Indicator? The Colored Stochastic MT4 Indicator is a technical analysis tool used in…
© Reuters. FILE PHOTO: The U.S. Capitol building is seen in Washington, U.S., April 6, 2023. REUTERS/Elizabeth Frantz/File Photo By Kanishka Singh and Richard Cowan WASHINGTON (Reuters) -The top Democrat and Republican in the U.S. Congress on Sunday agreed on a $1.59 trillion spending deal, setting up a race for bitterly divided lawmakers to pass the bills that would appropriate the money before the government begins to shut down this month. Since early last year, House of Representatives and Senate appropriations committees had been unable to agree on the 12 annual bills needed to fund the government for the fiscal…
Jefferies Financial Group Q3 2023 Earnings Preview Source link
We’ve been sitting on the edge of our seat for months on this now. Last week, same old.Thursday:Is this confirmation that a spot Bitcoin ETF has been officially approved?Friday:SEC asked bitcoin ETF issuers to submit final versions of key docs as soon as todayA weekend update, this is the latest scuttlebutt I’ve heard, via Reuters:U.S. Securities and Exchange Commission on Friday discussed final wording changes on filings for spot bitcoin ETFs, a step that could lead to U.S. approval of the funds for the first time next week, sources familiar with the matter said.updates are due by 8 a.m. ET…
For an extensive analysis of gold and silver’s prospects, download our Q1 trading forecast now! Recommended by Diego Colman Get Your Free GBP Forecast Gold prices and U.S. equities posted moderate losses as the curtain rose on the first trading week of 2024, pressured by a significant rally in Treasury yields and a rise in the U.S. dollar, a move that was bolstered by the strong December U.S. jobs report.In late 2023, traders got ahead of themselves and priced in deep rate cuts for the coming year. While the U.S. central bank signaled it would cut borrowing costs over the…
By Joseph Ax and Brendan O’Brien NEW YORK (Reuters) -New York City’s historic, two-year snow drought may not come to an end this weekend, despite the arrival of a winter storm system that began passing through the most populous U.S. city and across the East Coast on Saturday. The city’s 8.5 million residents have not seen more than 1 inch (2.54 cm) of snow fall in Manhattan’s Central Park since Feb. 13, 2022, a record-long streak of 692 days. But as of 7 p.m. Saturday, only 0.2 inch had been recorded in Central Park, and the National Weather Service was…
Lina Moiseienko/iStock Editorial via Getty Images The recent momentum in biotech deal-making, the rising interest in weight-loss drugs, and the popularity of artificial intelligence have all added significance to this year’s J.P. Morgan Healthcare Conference, set to kick off on Monday in San Francisco, CA. The four-day event, one of the premier investment conferences on the healthcare calendar, is expected to attract more than 80,000 attendees, including representatives from leading drugmakers, emerging companies, and large financial firms. “Things are looking up for the first time in a long time,” healthcare investor and CEO of Loncar Investments, Brad Loncar, told Bloomberg.…
With the usual round of early month, top tier U.S. events hitting the wires, our FX strategists focused on USD events this week with strategy discussions on USD/CHF & EUR/USD. Source link