Author: FX
© Reuters. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 15, 2023. REUTERS/Brendan McDermid/File Photo LONDON (Reuters) – Investors turned more bullish in December, buying stocks and reducing cash holdings on expectations the U.S. Federal Reserve has finished raising interest rates and the global economy will avoid a deep recession, BofA’s fund manager survey on Tuesday showed. Investors are at their most overweight equities relative to cash since January 2022, according to a survey of 219 participants with $611 billion of asssets under management. They are still overweight cash, but…
Both the U.K. and Canada have inflation and consumer spending reports lined up, so I’m counting on extra volatility for GBP/CAD. Do you think the pair can sustain its neckline breakout? Here’s what I’m seeing on the 4-hour time frame: GBP/CAD 4-hour Forex Chart by TV How will this week’s CPI and retail sales releases impact GBP and CAD? Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your fundie homework on the British pound and the Canadian dollar, then it’s time to do some work by checking out…
Chief economist at Goldman Sachs, Jan Hatzius, outlined 5 rate cuts coming from the Federal Reserve ahead:three in the first half of 2024 “We see the committee delivering at least three back-to-back 25bp cuts, probably in March, May, and June. Such an adjustment would resemble the 1995, 1998, and 2019 episodes”and another two in the second half of next yearMore widely, Hatzius expects earlier and more aggressive rate cuts from several major DM central banks, pointing to inflation running lower across the world:“Averaging across the broad group of economies that saw a large and unwanted post-covid price surge —the G10…
Share: The Japanese weakens across the board after the BoJ announced its policy decision. The BoJ keeps the short-term rate target at -0.1% and the 10-year JGB yield target at 0%. BoJ makes no change to forward guidance, which, in turn, weighs heavily on the JPY. The Japanese Yen (JPY) comes under heavy selling pressure during the Asian session on Tuesday and turns lower for the third straight day against the US Dollar (USD) after the Bank of Japan (BoJ) announced its policy decision. As was widely anticipated, the Japanese central bank decided to leave its monetary policy…
In the fast-paced world of financial trading, having the right tools at your disposal can make all the difference. One such tool that has gained popularity among traders is the Waddah Attar Explosion MT4 Indicator. In this article, we will dive into the intricacies of this indicator, exploring its features, functionality, and how it can be effectively used in your trading endeavors. Understanding Technical Indicators Before delving into the specifics of the Waddah Attar Explosion MT4 Indicator, it’s essential to have a clear understanding of what technical indicators are and why they are crucial in trading. What Are Technical Indicators?…
© Reuters. FILE PHOTO: A worker walks on a scaffolding at a construction site of an apartment building under refurbishment in Beijing, China, July 20, 2022. REUTERS/Thomas Peter/File Photo By Marius Zaharia HONG KONG (Reuters) – China’s disappointing post-COVID recovery has raised significant doubts about the foundations of its decades of stunning growth and presented Beijing with a tough choice for 2024 and beyond: take on more debt or grow less. The expectations were that once China ditched its draconian COVID rules, consumers would burst back into malls, foreign investment would resume, factories would rev up and land auctions and…
Churchill Downs to buy back 1M shares Source link
The Bank of Japan is about to give their last monetary policy statement for 2023, and if recent price action in the yen is any indication of anything, it’s that USD/JPY could get wild this week! Here’s a quick look at some potential scenarios for USD/JPY and technical setups to consider before stepping into the market! 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
AUD/USD PRICE, CHARTS AND ANALYSIS:Most Read: Oil Price Forecast: Oil Surges on Supply Chain Concerns as Red Sea Disruptions Intensify Recommended by Zain Vawda How to Trade AUD/USD AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROPThe Australian Dollar has held onto its gains from the past couple of weeks despite a slight recovery from the US Dollar index at the back end of last week. The Australian Dollar has been on a steady move higher since the RBA raised rates at the November meeting.The Australian Dollar has since been on an uptrend as this coincided with the US Dollar weakness and the Federal Reserve…
Daly is out with comments in the WSJIt’s too soon to speculate at which meetings the Fed might change policy stance next yearHer projections are very close to Fed medianWe’re acknowledging progress is thereWhen the unemployment rate starts to rise, it tends to go up by a lot and not by only a little bitWe have to be forward looking and make sure that we don’t give people price stability but take away jobswe could over-tighten quite easily, and so that’s what I’m mindful ofQuotable:“There is more work to do, and at this point, that work includes not only focusing…