Author: FX

Our FX strategists discussed more short-term scenarios, with arguably 3 out of 4 discussions being helpful with navigating a challenging environment. Source link

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UPCOMING EVENTS:Monday: US NAHB Housing Market Index.Tuesday: RBA Meeting Minutes, BoJ Policy Decision, Canada CPI, US Building Permits and Housing Starts.Wednesday: PBoC LPR, UK CPI, US Consumer Confidence, BoC Summary of Deliberations.Thursday: Canada Retail Sales, US Q3 GDP Final, US Jobless Claims.Friday: Japan CPI, UK Retail Sales, Canada GDP, US PCE, University of Michigan Consumer Sentiment Final. TuesdayThe BoJ is expected to keep everything unchanged with rates at -0.10% and YCC to target the 10yr JGBs at 0% with 1% as a reference cap. The latest Japanese CPI showed a slight easing in inflation rates although they remain well above…

In the world of forex trading, success often hinges on the ability to make informed decisions based on accurate data and timely analysis. Traders rely on a variety of tools and indicators to gain insights into market trends, and one such tool that has gained prominence is the DMI ADX Histogram Oscillator MT4 Indicator. In this article, we will delve into the depths of this technical indicator, exploring its functionality, interpretation, and practical applications in the ever-evolving forex market. How Does It Work? Before diving into the intricacies of this indicator, it’s essential to understand its fundamental components. The DMI…

Warning: UNCRY is at high risk of cutting its dividend Source link

© Reuters. A man walks in the Central Business District on a rainy day, in Beijing, China, July 12, 2023. REUTERS/Thomas Peter/File Photo By Qiaoyi Li and Antoni Slodkowski BEIJING (Reuters) – China’s State Council, led by Premier Li Qiang, on Sunday published rules that come into force on May 1 for the supervision and management of non-banking payment institutions. The rules, among other measures, implement tougher licensing regulations and call for stronger risk management of non-bank payment platforms to prevent misappropriation of funds and other criminal activities, People’s Bank of China, the country’s central bank, and the Ministry of…

US DOLLAR FORECASTThe U.S. dollar sold off last week, pressured by the U.S. central bank’s pivotThe Fed’s dovish stance sent interest rate expectations sharply lower, dragging U.S. yields in the processThis article looks at the technical outlook for EUR/USD, USD/JPY and GBP/USD following recent market eventsMost Read: Gold Price Forecast: Fed Pivot Reversal or Damage Control? Key Levels for XAU/USDThe U.S. dollar, as measured by the DXY index, suffered heavy losses last week, pressured by the collapse in U.S. Treasury yields across most tenors following the Federal Reserve’s pivot. Although the U.S. central bank held its policy settings unchanged on…

MON: German Ifo (Dec), New Zealand Trade Balance (Nov).TUE: BoJ & NBH Policy Announcements, RBA Minutes (Dec); EZ HICP Final (Nov), Canadian CPI (Nov), Japanese Trade Balance (Nov).WED: PBoC LPR, BoC Minutes (Dec); UK CPI (Nov), EZ Current Account (Oct), EZ Consumer Confidence Flash (Dec), US Existing Home Sales (Nov).THU: CBRT & CNB Policy Announcements; UK PSNB (Nov), US Final GDP (Q3), IJC (w/e 15th), Philadelphia Fed (Dec), Canadian Retail Sales (Oct), Japanese CPI (Nov).FRI: BoJ Minutes (Oct), UK GDP (Q3), UK Retail Sales (Nov), Swedish PPI (Nov), US PCE Price Index (Nov), Durable Goods (Nov), Uni. of Michigan Final…

Ethereum’s Price Edges Toward $2,500: Surge or Mirage Ahead? U.Today – The has recently witnessed a tempting approach toward the $2,500 mark. However, this price movement occurs amid a less-than-ideal backdrop for its decentralized finance (DeFi) sector, which is currently struggling and showing no imminent signs of regaining its lost positions. The underperformance of ‘s DeFi sector can be attributed to several factors, one of which is the soaring transaction fees that have rendered the layer-1 platform challenging for average users. Network fees have escalated to levels that are widely considered unreasonable, severely impacting usability. In response to these persistent…

In the world of Forex trading, success hinges on the ability to make informed decisions based on market trends. To help traders navigate these treacherous waters, the Trend Magic MT5 Indicator has emerged as a powerful tool. In this article, we will delve into the depths of this remarkable indicator, unraveling its secrets and exploring how it can revolutionize your trading strategy. What is the Trend Magic MT5 Indicator? The Trend Magic MT5 Indicator is a technical analysis tool designed to assist traders in identifying trends, potential reversals, and optimal entry and exit points in the market. Developed for use…