Author: FX

In the fast-paced world of forex trading, having a competitive edge can make all the difference. Traders are constantly on the lookout for tools and strategies that can help them make informed decisions and maximize profits. One such tool that has been gaining popularity in recent times is the SKdon Trend MT4 Indicator. In this article, we will explore what this indicator is, how it works, and why it has become an essential tool for forex traders. What is the SKdon Trend MT4 Indicator? The SKdon Trend MT4 Indicator is a technical analysis tool designed for use on the MetaTrader…

This article focuses on the technical outlook for the U.S. dollar index and some of the major FX pairs. If you are interested in reading about the fundamental prospects for the US currency, be sure to request the full Q1 forecast. Recommended by Diego Colman Get Your Free USD Forecast DXY TECHNICAL ANALYSISThe U.S. dollar, as measured by the DXY index, trekked upwards and climbed to its best level since November 2022 early in the fourth quarter, but then stalled and unexpectedly pivoted lower when prices were unable to decisively overcome confluence resistance near 107.3. This technical rejection paved the…

UPCOMING EVENTS:Monday: Switzerland CPI and Retail Sales, Eurozone Retail Sales.Tuesday: Tokyo CPI, Australia Retail Sales, Switzerland Unemployment Rate, Eurozone Unemployment Rate, US NFIB Small Business Optimism Index.Wednesday: Japan Wages data, Australia Monthly CPI.Thursday: US CPI, US Jobless Claims.Friday: China CPI, UK GDP, US PPI.MondayThe Switzerland CPI Y/Y is expected at 1.5% vs. 1.4% prior, while the M/M reading is seen at -0.2% vs. -0.2% prior. Inflation has been within SNB’s 0-2% target range since last summer and even if we get a beat, it’s very unlikely to trigger a response from the central bank. The market is now looking forward…

© Reuters. United (UA) and Alaska Airlines (ALK) most affected by 737 MAX’s latest grounding The US Federal Aviation Administration ordered the temporary grounding of certain Boeing (NYSE:) 737 MAX 9 jets flown by US airlines, after one such aircraft belonging to Alaska Airlines (ALK) lost an emergency exit door midair on Friday. The agency’s directive affects 171 airframes in total, with United Airlines (UAL) and Alaska Airlines impacted most by the regulation – the companies operate 79 and 65 of the jet types respectively. Late Saturday, both airlines confirmed that they grounded their fleets of Boeing 737 MAX 9s.…

If you’re looking for an in-depth analysis of U.S. equity indices, our first-quarter stock market forecast is packed with great fundamental and technical insights. Get the full trading guide now! Recommended by Zain Vawda Get Your Free Equities Forecast 2023 in ReviewUS equities held their own throughout 2023, surging toward the end of the year with the Nasdaq 100 printing fresh all-time highs. A surprise given the narrative throughout the year and concerns around a potential recession around the globe and the US as well. The narrative has shifted since, and after the Federal Reserve meeting in December, market hopes…

© Reuters. FILE PHOTO: General view of public and private vehicles on a road in Manila, Philippines, June 20, 2023. REUTERS/Eloisa Lopez/File Photo MANILA (Reuters) – Philippine President Ferdinand Marcos Jr has signed into law a bill making it easier for taxpayers to pay their taxes, his office said on Sunday, in a bid to increase the revenues his government needs to boost infrastructure spending. “The law will modernize and increase the efficiency and effectiveness of tax administration and strengthen taxpayer rights and allow the government to capture as many taxpayers as possible into the tax net,” his office said…

For a complete overview of gold and silver’s technical and fundamental outlook for the coming months, make sure to grab your complimentary Q1 trading forecast now! Recommended by Richard Snow Get Your Free Gold Forecast Patience Required Ahead of Bullish ContinuationFrom a technical standpoint the bullish outlook on gold is a little more complicated than the fundamental thesis suggests. A lot of positive momentum has already been priced in, providing a less impressive risk-to-reward ratio.It is with this in mind that an extended pullback would be favourable prior to assessing bullish continuation setups. The first level of support that could…

Olemedia/E+ via Getty Images Lithium prices are not expected to return to previous high levels reached in 2022 and early 2023 before 2025 due to rising supply, subdued Chinese demand and a lackluster U.S. electric vehicle market, Australia’s government said in a recent analysis. Australia, which mined about half the world’s lithium in 2022, forecasts the spot price of spodumene will fall to $2,200/metric ton in 2025 from an estimated average of $3,840/ton last year, according to the report from country’s Department of Industry, Science and Resources. Australia is forecast to increase spodumene production to 633K metric tons in 2025…

Zhongzhi is a shadow banking-linked wealth manager with major exposure to the property sector. Its not a bank so manages to operate outside many of the prudential and regulatory rules governing commercial banks. Shadow banking firms typically sell ‘wealth products’ to retail and channel the proceeds to real estate developers and other sectors.the filing for bankruptcy has come after the firm failed to repay debt, being mired deep in the property market downturnits assets are insufficient to pay all its debtsback in November it apologised to investors and admitted it was insolvent with liabilities circa USD64bnthe bankruptcy filing will ease…

US CPI m/mMON: Swiss CPI (Dec), EZ Retail Sales (Nov), Sentix (Jan), Japanese Tokyo CPI (Dec), Chinese Trade Balance (Dec)TUE: EIA STEO; German Industrial Output (Nov), US NFIB (Dec).WED: CNN Republican Debate; Norwegian CPI (Dec), Chinese CPI/PPI (Dec), Chinese M2 (Dec).THU: US CPI (Dec), IJC (w/e 5th Jan), Japanese Current Account (Nov).FRI: UK GDP (Nov), US PPI Final Demand (Dec), Canadian Housing Starts (Dec).SAT: Taiwan Presidential/Parliamentary Elections.NOTE: Previews are listed in day orderSwiss CPI (Mon): November’s release was markedly cooler than expected at 1.4% Y/Y (exp. 1.7%), even given the influence of the Rental Rate increase from mid-2023. However, the…