Author: FX
Brace yourself for the upcoming round of U.K. CPI data! Take a moment to catch up on the expectations and explore if the impending release could influence sentiment on the Bank of England’s policy trajectory. 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
Share: The DXY Index is witnessing mild losses after concluding its weakest week in over a month. US PCE inflation report and housing data are next on the investors’ radar. The US Dollar (USD) took a slight downturn in the early part of the week, bracing itself before the release of the Personal Consumption Expenditures (PCE) Price Index data on Friday, which is the Federal Reserve (Fed) preferred gauge of inflation. Inflation figures will give additional insights to investors to continue placing their bets on the next Fed decisions. The US Dollar Index is trading at the 102.50…
OIL PRICE FORECAST:Most Read: What is OPEC and What is Their Role in Global Markets?Oil rose as much as 3% today trading above the $73 a barrel handle following escalating tensions in the Red Sea. The attacks carried out by Houthis in Yemen as they push to end the offensive on Gaza which is now stretching toward a 3rd month. This is the first sign of an actual spillover in tensions that could affect Global Supply chains moving into 2024. Recommended by Zain Vawda How to Trade Oil RED SEA SUPPLY INTERRUPTION AND THREATS POSEDThe tensions around the Red Sea…
SPDR Portfolio Total Stock Market ETF declares quarterly distribution of $0.2313 Source link
© Reuters. Netflix (NFLX) shares rally as Morgan Stanley ups price target, cites increasing confidence in return on content spending Netflix (NASDAQ:) shares jumped more than 3% Monday after Morgan Stanley raised its price target for the stock to $550 from $475 per share. NFLX shares are trading around the $488 mark at the time of writing. Analysts at the investment bank cited the Overweight-rated company’s “attractive risk/reward,” its increased confidence in Netflix’s return on content spending, execution on growth initiatives, including paid sharing and advertising, and the pull-back in competitive intensity in broader Media. Morgan Stanley also noted that…
In life, we often try to compartmentalize things to make sense of them. For example, we separate what we like from what we dislike, what we are good at from what we are bad at, and what makes us happy from what makes us sad. As a result of this division, it is only natural that we gravitate towards those that make us feel good. We downplay failings as simply “this one time,” accidents, or even just plain bad luck. Sometimes, we just ignore them altogether. And just like in life, we see this happen often in trading. Suppose you’re…
To enhance macroeconomic policy coordination and cooperation on economic, financial issuesNecessary to address international debt agenda properly to support recovery and sustainable developmentWill continue to make efforts to synergise the Belt and Road initiative and Eurasian economic unionIt is perhaps a symbolic message to wrap up the year that both Russia and China are meeting to solidify their partnership status to the rest of the world. Russia’s prime minister, Mikhail Mishustin, will also be visiting China this week and will be meeting with Xi Jinping. This article was written by Justin Low at www.forexlive.com. Source link
In the world of financial markets and trading, tools and indicators play a pivotal role in making informed decisions. One such tool that has gained popularity among traders and investors is the Bollinger Bands Bicolor MT4 Indicator. In this article, we will delve into the intricacies of this indicator, exploring its features, applications, and how it can be a valuable addition to your trading toolkit. What are Bollinger Bands? Before we dive into the Bollinger Bands Bicolor MT4 Indicator, let’s first understand what Bollinger Bands are. Created by John Bollinger in the early 1980s, Bollinger Bands are a widely used…
Share: USD/JPY has staged a modest recovery from the low at 140.97. Economists at Société Générale analyze the pair’s outlook. 146.60/147.40 could provide resistance USD/JPY confirmed a Head and Shoulders formation resulting in steady downtrend. It has recently dipped below the 200-DMA for the first time since May. After achieving interim low near 141/140.70, an initial bounce is under way however neckline of the formation near 146.60/147.40 could provide resistance. Holding below this hurdle, there would be a risk of deeper downtrend. Next potential supports are located at 139.60, the 50% retracement from January and 137.25/136.65. Source…
GBP/USD Analysis and ChartsMost Read This Week: Market Week Ahead: Gold Regains $2k, GBP/USD, EUR/USD Rally as USD Slides Recommended by Nick Cawley How to Trade GBP/USD Sterling retains most of last week’s gains as we head towards the festive break, with cable testing 1.2700 as the US dollar slips in early trade. The greenback picked up a bid on Friday after Federal Reserve voting members, John Williams and Raphael Bostic both pushed back against market expectations of a series of rate cuts next year. Mr. Williams said in an interview that the Fed ‘isn’t really talking about rate cuts…