Author: FX

Powell spoke on Wednesday but with nothing pertinent to traders:Powell doesn’t comment on monetary policy or the economic outlookHe is speaking publicly again on Thursday, 9 November, scheduled for 2 pm US Eastern time (1900 GMT).He is participating on a policy panel discussion before the 24th Jacques Polak Annual Research ConferenceAt the same conference will be comments from:Kristalina Georgieva (Managing Director, IMF) and Gita Gopinath (First Deputy Managing Director, IMF) Amir Yaron (Governor, Bank of Israel)and more. Full agenda is here. This article was written by Eamonn Sheridan at www.forexlive.com. Source link

Share: The USD/JPY is testing back into recent record highs as the Yen slumps. Investors will be increasingly concerned of potential BoJ intervention the lower JPY goes. Early Thursday sees Japan trade balance figures. The USD/JPY has reclaimed the 151.00 handle heading into Thursday’s market session after the US Dollar (USD) notched in a third straight green candle as the Yen (JPY) continues to slump against the broader market. The Japanese Yen has continued to decline against its major counterparties with little else to do but go down as a hyper-dovish Bank of Japan (BoJ) hangs the Yen…

Conifex Timber GAAP EPS of -C$0.20, revenue of C$38.7M Source link

GOLD (XAU/USD) PRICE FORECAST:MOST READ: GBP Price Action Setups: GBP/USD, EUR/GBP, GBP/AUD Post UK CPIGold prices are under renewed selling pressure today as hawkish comments from Fed policymakers reigned in the recent hopes that the Fed are done. Market participants had hoped that Fed Chair Powell might strike a different tone in his speech at the US central bank statistics conference. The Fed Chair however, failed to touch on monetary policy but is back tomorrow once more and could still touch on it then.Supercharge your trading prowess with an in-depth analysis of gold’s outlook, offering insights from both fundamental and…

© Reuters. FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. REUTERS/Brendan McDermid/File Photo By Amruta Khandekar and Shristi Achar A (Reuters) -Wall Street’s main indexes slipped on Wednesday as investors parsed earnings reports and comments from Federal Reserve officials for clues on how long the U.S. central bank will keep interest rates high and eventually start cutting it. Treasury yields have retreated sharply from their highs amid expectations that the Fed has reached the end of its rate-hike campaign, helping the and the Nasdaq notch…

USDJPY falls from 151.00 levelThe US dollar has been the strongest currency over the last three-days rebounding from a recent sharp selloff you, as confidence grows that the Federal Reserve has concluded its cycle of interest rate hikes. That move higher took the USDJPY back above the 150.00 level yesterday and to the 151.00 level today. Traders are still monitoring the Japanese yen’s performance above the 150 level against the dollar for potential intervention. Many traders and analysts anticipate a slowdown in the U.S. economy in the fourth quarter, diminishing the likelihood of further rate hikes and undermining the attractiveness…

Share: The Euro bounces off earlier lows vs. the US Dollar. European stocks en route to close Wednesday’s session with gains. Chair Powell did not mention monetary policy or outlook at his speech. The Euro (EUR) now regains some balance against the US Dollar (USD), prompting EUR/USD to rebound from earlier lows and approach the key barrier at 1.0700 the figure, as the European session draws to a close on Wednesday. Meanwhile, the US Dollar gives away part of its earlier advance, motivating the USD Index (DXY) to recede to the 105.60 region amidst renewed weakness in US yields in the belly…

If you want to make money in forex trading and consistently do so, it’s important to review proven trading methods and techniques on a regular basis. Here are some forex tips that might help: 1. Learn to limit your losses. The science of successful trading is less dependent on making profits, but rather on avoiding losses. The need to restrict drawdowns and prevent losing trades from significantly eroding capital should be your main objective in any type of trading. To reduce losses, most traders prefer to use a specific plan with pre-determined exits. Stop-loss orders can be used to prevent making bonehead decisions while in…

Japanese Yen (USD/JPY) and (EUR/JPY) Prices, Charts, and AnalysisUSD/JPY continues to press against a multi-decade high.EUR/JPY prints a fresh 15-year high.Fed Chair Powell speaks later in the session. Recommended by Nick Cawley Get Your Free JPY Forecast The current risk-on sentiment dominating a range of financial markets is adding to structural Yen weakness, leaving JPY at risk against a range of other currencies. The Japanese Yen is seen as a safe haven currency in times of risk. The recent risk-on move, bolstered by growing market acceptance that the US is highly unlikely to raise interest rates further, has seen the…

Everi Holdings reports mixed Q3 earnings; updates FY23 outlook Source link