Author: FX

USD/JPY ANALYSIS & TALKING POINTSWeak Japanese economic data dampens optimism around BoJ policy shift.Fed to keep rates at current levels but will inflation add to NFP and bolster hawkish bets?Key support zone under threat.Supercharge your trading prowess with an in-depth analysis of the JAPANESE YEN outlook, offering insights from both fundamental and technical viewpoints. Claim your free Q4 trading guide now! Recommended by Warren Venketas Get Your Free JPY Forecast JAPANESE YEN FUNDAMENTAL BACKDROPThe Japanese Yen ended the week on a volatile note after being pushed and prodded from the Asian session all the way through to the much awaited…

SlavkoSereda/iStock via Getty Images Crude oil production from the U.S. reached a new all-time high of 13.2M bbl/day in September, according to data released last week, outpacing expectations and causing a big problem for OPEC+, which agreed last week to further output cuts in an effort to prop up faltering prices. The U.S. accounts for 80% of the expansion in global oil supply this year, according to the International Energy Agency, and its production is expected to grow by 850K bbl/day, well below the pace reached earlier in the shale revolution but much faster than analysts had forecast. The American…

In the fast-paced world of forex trading, staying ahead of the curve is paramount. Traders are constantly on the lookout for tools and strategies that can provide them with an edge in the market. One such tool that has been making waves in the trading community is the Winprofit80 V2 MT4 Indicator. In this article, we will delve into the intricacies of this indicator, exploring its features, benefits, and how it can potentially enhance your trading game. Understanding Winprofit80 V2 MT4 Indicator What Is Winprofit80 V2 MT4 Indicator? Winprofit80 V2 MT4 Indicator is a powerful technical analysis tool designed specifically…

Risk aversion vibes dominated & with a potential BOJ policy shift, JPY easily took the top spot among the majors this week, followed by USD thanks to safe haven flows. Source link

Share: The GBP/JPY catches a soft bid to challenge 182.00 after a week of stubborn losses. The Yen surged on the week, bolstered by a hawkish BoJ. The Guppy heads into next week’s central bank showdown on the low side. The GBP/JPY eked out a small gain on Friday, finishing the day up a slim tenth of a percent to cap off a trading week of firm declines. The Guppy ends the trading week down a firm two and a third percent from the week’s opening bids near 186.60, hitting a nine-week low of 178.58 amidst Thursday’s broad-market…

Share: The DXY Index rose above the 20-day SMA towards 104.05 and will close a 0.75% winning week. US NFPs from November accelerated, as did Average Hourly Earnings. The Unemployment Rate declined. US is set to report CPI inflation next Tuesday. The US Dollar (USD) continued to command the financial markets as it soared to the 104.05 mark, primarily because of positive labor market figures and a surge in yields, which suggests that markets are delaying rate cuts in 2024. The gains for the USD Index (DXY) were fueled by economic reports from November, prominently Average Hourly Earnings, Unemployment…

Harpoon Therapeutics files to sell 25.75M common shares for holders Source link

Share: NZD/JPY tallied a 2.60% weekly decline, its worst since December 2022. On the daily chart, indicators favor the bears in the short term. On the four-hour chart, bears stepped out to consolidate their recent movements. At the end of the week, the NZD/JPY declined to 88.75, seeing nearly 0.25% losses, after reaching a low of around 87.95 at the 100-day Simple Moving Average (SMA). Overall, the outlook is bearish for the short term, but bulls dominate the larger time frames. The daily Relative Strength Index (RSI) printed a negative slope below 50, while the rising red bars…

The US jobs report was stronger than expectations. That sent yields higher, but when the Michigan consumer sentiment also showed strength but with sharply lower inflation expectations, stocks rebounded. Although prices traded up and down and today, they are closing higher and in the process the:S&P index traded to a new 52-week high and closed at the highest level since January 2022Nasdaq index closed at a new 2023 high and closed at the highest level since January 2022Dow Industrial Average closed at its highest level since the end of December 2021The small-cap Russell 2000 rose 12.56 points or 0.67% at…

Markets:Gold down $26 to $2002WTI crude up $1.82 to $71.16US 10-year yields up 10.6 bps to 4.23%S&P 500 up 0.5% to a 52-week highCAD leads, NZD lagsIt’s often said that even if you knew the results of the non-farm payrolls report ahead of time, it would be tough to make money. That was the case today as price action was extremely volatile in the aftermath of the report.EUR/USD dropped to 1.0725 on the headlines, in a 50-pip drop in the direction you would expect due to a surprise drop in unemployment and slightly better headline jobs and wage growth. However…