Author: FX

Share: GBP/USD advances toward 1.2500. Economists at ING analyze Sterling’s outlook. EUR/GBP can correct back to 0.8700 this week The UK Chancellor is looking at ways to reduce taxes. The focus this week is on the Autumn Statement, where we think Jeremy Hunt might have around £16bn to play with, given the better fiscal trajectory than expected. Our UK economist does not, however, think this moves the needle for the Bank of England rate story, where we think rates have peaked and the BoE will start easing next August. Speculation over tax costs in a risk-positive environment should…

AUD/USD ANALYSIS & TALKING POINTSEncouraging Chinese expectations keep AUD bid.All eyes on RBA and FOMC minutes tomorrow.AUD/USD bulls eye 200-day MA.Elevate your trading skills and gain a competitive edge. Get your hands on the Australian dollar 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 AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROPThe Australian dollar capitalized on last week’s close above the 0.6500 psychological handle this Monday morning as markets mull over global monetary policy. Recent weak US economic data particularly from the labor market saw US…

Last week, Chinese President Xi Jinping and US President Joe Biden agreed to resume high-level military communication amid efforts to ease growing geopolitical tensions in Asia. ETFs: (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG), (CXSE), (CAF), (CWEB), (PGJ), (KURE), (CHIX). Currency: (CNY:USD) More on China economy: Source link

3/3 © Reuters. FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski/File Photo 2/3 By Clare Baldwin and Helen Reid (Reuters) – Waste from at least 19 international brands including Adidas (OTC:) and Walmart (NYSE:) is being used to fuel kilns in brick factories in Cambodia, and some workers were falling ill, according to a report by a local rights group released on Monday. The report by The Cambodian League for the Promotion and Defense of Human Rights, commonly known by its French acronym LICADHO, was based on visits…

At 10 am Sydney time, which is 2300 GMT and 1800 US Eastern time:Panel Participation by Michele Bullock, Governor, at the ASIC Annual Forum, MelbourneAt 10.45 am Sydney time, which is 2345 GMT and 1845 US Eastern time:Speech by Carl Schwartz, Acting Head of Domestic Markets – Australian Securitisation Markets: Responding to Change – at the Australian Securitisation Forum’s Conference, SydneyAt 11.30 am Sydney time, which is 0030 GMT and 1930 US Eastern time:Minutes of November 2023 Monetary Policy Meeting of the Reserve Bank BoardA little further ahead, at 7.35pm on Wednesday 22 November at 7.35pm Sydney time, which is…

Share: Australian Dollar gains ground after China’s interest rate decision. Australia’s Dollar faced pressure on recovery in the Greenback. PBoC remained LPR consistent at 3.45% as expected. US Dollar plunged despite upbeat US housing data released on Friday. The Australian Dollar (AUD) receives upward support after China’s interest rate decision. The People’s Bank of China (PBoC) kept its loan prime rate (LPR) unchanged at 3.45% as expected. However, the AUD/USD pair faced a challenge as the US Dollar (USD) attempted to rebound from a two-month low recorded on Friday. Australia’s central bank is expected to hike again in…

In the world of forex trading and financial markets, successful traders understand the importance of technical analysis. It’s a powerful tool that helps them make informed decisions and predict price movements. Among the various technical analysis tools available, the Fibonacci Retracement MT5 Indicator stands out as a valuable and versatile tool that traders rely on. In this article, we will explore the intricacies of the Fibonacci Retracement MT5 Indicator, how it works, and how you can leverage it to enhance your trading strategies. What is Fibonacci Retracement? The Fibonacci Retracement is a technical analysis tool based on the Fibonacci sequence,…

BellRing Brands Q4 2023 Earnings Preview Source link

4/4 © Reuters. FILE PHOTO: The parents of Israeli soldier Corporal Noa Marciano attend their daughter’s funeral after her remains were recovered near the Al Shifa Hospital during the ongoing Israeli ground operation in Gaza, in Modiin, Israel November 17, 2023. REUTERS/ 2/4 By Dan Williams JERUSALEM (Reuters) -Israel stepped up accusations of Hamas abuses at the Gaza Strip’s biggest hospital on Sunday, saying a captive soldier had been executed and two foreign hostages held at a site that has been a focus of its devastating six-week-old offensive. At one point a shelter for tens of thousands of Palestinian war…

Our forex strategists had an arguably net effective week with three out of four of our discussions generally playing out in favor of our biases. Source link