Author: FX

FRANKFURT (Reuters) – A year after the arrest of members of Germany’s extremist Reichsbuerger group in a failed coup plot, the federal prosecutor has brought charges against a total of 27 men and women, German magazine Spiegel reported on Monday. Ten of the group’s inner circle are scheduled to stand trial in Frankfurt, the report said. The suspected plotters had planned to create a new state headed by aristocrat Heinrich XIII Prinz Reuss after the coup. Alongside Prinz Reuss, others under investigation include former elite soldier Ruediger von Pescatore, former member of parliament for the far-right Alternative for Germany (AfD)…

The strongest to weakest of the major currenciesThe GBP is the strongest of major currencies while the JPY is the weakest. The USD is mostly higher but mostly gains can’t be attributed to the rise in the USDJPY. The JPY is sharply lower after a Reuters article further debunked the idea that the BOJ was closer to tightening policy.The article highlighted a significant concern among the Bank of Japan (BOJ) policymakers regarding recent weakness in consumption. This issue has emerged as a new factor that may influence the timing of the BOJ’s exit from negative interest rates. The article explained…

Share: Natural Gas drops 6% in European trading with EU storages still above 80%. Natural Gas prices are heading to $2 at this pace. The US Dollar is steady ahead of US CPI and the last Fed’s policy meeting for 2023. Natural Gas (XNG/USD) prices are sinking as markets are facing substantial oversupply for the coming months. Proof of that is in the pudding with the prices on Futures contracts with nearby expiration dates being sold at a discount against contracts with expirations beyond April. Europe’s reserves are holding up very good, while the US is allocating all…

Some say that a winning attitude is what mostly sets profitable traders apart from those who don’t make it, but is that really all it takes? And what exactly constitutes a winning mindset in trading? In order to develop this frame of mind, here are some psychological traits that you should work on. 1. Accepting that the market moves randomly As the all-time great rock band Green Day repeatedly asks “Do you know your enemy?” so should you understand what exactly you are working with when it comes to trading. This isn’t to say that the market is an opponent…

In the ever-evolving world of online trading, having the right tools at your disposal can make all the difference between success and failure. One such tool that has gained significant attention among traders is the HMA Trend MT4 Indicator. In this article, we will explore the intricacies of this indicator, how it works, and why it has become a must-have for both novice and experienced traders. Understanding the HMA Trend MT4 Indicator What is the HMA Trend MT4 Indicator? The HMA (Hull Moving Average) Trend MT4 Indicator is a technical analysis tool used by traders to identify trends in financial…

Global stock indices mostly higher amid optimism for rate cuts Source link

GENEVA (Reuters) – Two people were killed and another injured in a shooting in the Swiss town of Sion on Monday, police said. Police in the Valais canton said that the suspect, an unidentified man, had fired several shots in two different locations in Sion, a town of about 35,000 people. Source link

EUR/USD ANALYSISWeak euro area economic data has left the euro vulnerable.Will elevated US inflation prompt EUR selloff?EUR/USD approaches key support zone.Elevate your trading skills and gain a competitive edge. Get your hands on the Euro Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar. Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL BACKDROPThe euro opened the week pretty flat as markets prepare for central bank decisions later this week alongside some supplementary data that could sway the messaging provided by the two central banks. Leading up to these announcements,…

There aren’t any major expiries to take note of for the day. As such, trading sentiment will be rather sidelined amid a quieter start to the new week. All eyes are on the key risk events to follow later in the week, so there won’t be much to really move the needle in the session ahead and we should expect a quieter range for major currencies on the day.For more information on how to use this data, you may refer to this post here. This article was written by Justin Low at www.forexlive.com. Source link

Forex playas are in for a busy week as we look forward to not one, not two, but FOUR major central bank decisions. And all that will be on top of the top-tier, closely watched reports the major economies are dropping on the markets! 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: Source link