Author: FX

Share: European Central Bank (ECB) Vice President Luis de Guindos said on Monday that inflation risks in the euro area are tilted to the downside, as reported by Reuters.  De Guindos added that the latest bank lending survey showed “certain stabilization” in the eurozone. “I think the disinflation process can continue” he noted and said that China doesn’t worry them due to financial contagion but through indirect impact on growth. Market reaction These comments don’t seem to be having a noticeable impact on the Euro’s valuation against its major rivals. At the time of press, the EUR/USD pair was trading…

Setting expectations can be a wonderful tool for traders. They provide benchmarks to help us ultimately determine success and failure, and they also give us goals to work towards. However, we must be careful in setting our expectations. Set them too high or unrealistically, and we could just set ourselves up for disappointment. Here are some of the most common trading expectations that often lead to disappointment: 1. More Trades = Faster Learning Process It’s true that taking more trades can lead to more experience, but it doesn’t necessarily mean that you’ll learn the ropes of trading any quicker than…

Gold and Silver Analysis and ChartsUS warns of reprisal as Middle East tensions grow further.Gold and silver propped up ahead of the FOMC decision and NFPsMost Read: Markets Week Ahead: Fed and BoE Decisions, US Jobs Data, Microsoft, Apple Amazon ReportThe US has blamed Iran-backed militia for the deadly drone strikes on US service personnel at an American base in northeast Jordan with President Joe Biden pledging retaliation ‘at a time and a place of our choosing’. Iran has denied claims that it was involved in the drone attacks. There are fears that if the US responds to these attacks…

Vera Therapeutics up 19%, announces $200M stock offering Source link

© Reuters. FILE PHOTO: Screens showing the Hang Seng stock index and stock prices are seen outside Exchange Square, in Hong Kong, China, August 18, 2023. REUTERS/Tyrone Siu/File Photo By Nell Mackenzie LONDON (Reuters) – Hedge funds snapped up battered Chinese stocks over three days last week at the fastest pace in more than five years, Goldman Sachs wrote in a note to clients. The cumulative net buying of Chinese equities for Jan. 23-25 marked the biggest three-day shopping spree in more than five years, Goldman wrote in the note published on Friday and seen by Reuters on Monday. This…

Traders are in for another busy week as we wait to hear from the Fed and the BOE’s latest monetary policy decisions. Oh, and have we mentioned that it’s also U.S. NFP week? Anticipated U.S. NFP-related reports that may cause a spike or two among USD pairs in the next few days, ya know. Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the calendar this week: This Article Is For Premium Members Only Become a…

There is good news on inflation recentlySooner or later, that will be reflected in monetary policyOptimistic about inflation dynamics, even on core inflationIt’s all relative. That is the key takeaway from his remarks above. They are stressing data-dependency now but the timing of any policy pivot will be more of a subjective case. In any case, traders are still pricing in ~98% odds of a rate cut in April so it will be interesting to see how this all plays out in the next two months. This article was written by Justin Low at www.forexlive.com. Source link

Is that a double top pattern I’m seeing on USD/CAD? Better keep your eyes on this neckline support to gauge if a selloff is due soon! USD/CAD 1-hour Forex Chart by TradingView Check out this pair’s failed attempts to bust through the 1.3550 minor psychological barrier! Even though the BOC decision spurred a Loonie selloff last week, the oil-related currency seems to be drawing some strength from the commodity these days. After all, persistent supply concerns stemming from geopolitical tensions continue to boost crude oil in the markets. To add to that, China’s recent stimulus efforts are lifting demand expectations…

Share: GBP/USD consolidates in a range around 1.2700 mark, downside potential seems limited The GBP/USD pair ticks higher following an Asian session dip on Monday, albeit lacks follow-through and remains confined in a familiar range held over the past two weeks or so. Spot prices currently trade around the 1.2700 mark, nearly unchanged for the day as traders await a fresh catalyst before positioning for a firm near-term trajectory. Hence, the focus remains glued to the outcome of the highly-anticipated two-day FOMC monetary policy meeting starting on Tuesday amid the uncertainty over the timing of the first interest…

Sunshine Seeds/iStock via Getty Images WilScot Mobile Mini (NASDAQ:WSC) is near deal for McGrath RentCorp (NASDAQ:MGRC). The cash-and-stock deal is expected to announced on Monday, according to a WSJ report late Sunday, which cited people familiar with the matter. The per-share price for the transaction wasn’t known. WilScot Mobile Mini (WSC) has a market cap of $8.65 billion, while McGrant RentCorp (MGRC) is value at $2.74 billion. Source link