Author: FX

USD/JPY PRICES, CHARTS AND ANALYSIS:Most Read: S&P 500 and Gold (XAU/USD) Take Diverging Paths Ahead of a Raft of Data ReleasesThe Yen has put in two consecutive days of gains against the greenback for the first time since August. A sign of the pressure the Japanese currency has been under for a large part of Q3 and Q4 thus far. Markets have been waiting with bated breath for the threat of FX intervention to materialize which has kept USDJPY bereft of a clear direction.Elevate your trading skills and gain a competitive edge. Get your hands on the Japanese Yen Q4…

It’s FOMC statement time and once again, expectations are high that there will be no changes to interest rates. Here are major points you need to catch up on if you’re planning on trading the event: Event in Focus: Federal Open Market Committee (FOMC) Monetary Policy Statement When Will it Be Released: November 1, 2023, Wednesday: 6:00 pm GMT Fed Chairman Powell will conduct a presser 30 minutes later. Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Fed is expected to hold the Fed Funds target range at 5.25% – 5.50% range (CME…

Share: S&P 500 loses 2.53% in final full week of October, its second consecutive week of +2% decline. Morgan Stanley’s Mike Wilson reiterates call for S&P 500 to fall another 5% to close year at 3,900. S&P 500 RSI drops to oversold territory at 29 last Friday. Fed FOMC meeting on Wednesday expected to keep rates unchanged. Apple, Starbucks, Caterpillar, Pfizer and Airbnb all report earnings this week. The S&P 500 index gained 1.2% on Monday as the market took interest in battered down share prices following two consecutive weeks of greater than 2% losses. The NASDAQ Composite rose 1.16%, while…

SolarBank GAAP EPS of C$0.06, revenue of C$18.4M Source link

S&P 500 & GOLD PRICE FORECAST:Gold (XAU/USD) Struggles as Sentiment Improves. Will a Sustainable Move Above $2000/oz Materialize?S&P 500 Ended Last Week Down 10% from the YTD High. This is Usually Seen as a Correction.A Host of Earnings and Data Releases Lie in Wait. Will the Earnings and Data Releases be Able to Overshadow the Geopolitical Risks and Drive Market Moves This Week?To Learn More About Price Action, Chart Patterns and Moving Averages, Check out the DailyFX Education Section.Most Read: Euro Weekly Forecast: EUR/USD, EUR/JPY Remain Vulnerable Following Lackluster ECB MeetingThe S&P 500 looks set to arrest its slump today…

© Reuters. PT Bank Rakyat Indonesia (BRI) has reported a significant uptick in its financial performance for the first three quarters of 2023. The bank recorded a 9.93% asset growth, a net profit increase of 12.47%, and a credit disbursement surge of 12.53%. This was largely driven by an 11.01% rise in micro, small, and medium enterprises (MSME) loans, which contributed to the expansion of the credit portfolio. BRI’s commitment to Environmental, Social, and Governance (ESG) principles has also paid dividends, with ESG-related loans growing by 11.89%. The bank’s effective risk management strategies have led to a reduction in the…

You may or may not have heard the term ‘”ICT”’ thrown around in the forex trading websites, blogs, and communities. This term has been around in the industry for many years but gained a huge amount of traction in the last 2-3 years. ICT means Inner Circle Trading. Inner Circle Trading is owned and operated by a well-known trader Michael Huddlestone, who has over 20 years of experience in trading the markets. In this article, we’ll look at the history of ICT, how you can use this trading style, and everything you need to know! So, let’s get into it!…

Global markets have been gripped by escalating tensions in the Middle East, with particular focus on the ongoing conflict between Israel and Hamas. Oil prices, which had slightly eased last week, are once again on edge due to concerns that the conflict might disrupt supplies. The Energy Information Administration’s recent data indicated a drop in demand and an unexpected rise in US crude inventories, adding to the market’s cautious atmosphere. Oil Market Uncertainty: USoil is currently trading at $84.07 per barrel, reflecting a further 1.7% decline. Brent crude stands at $89.05. Despite a relative calm in prices at the beginning…

USDJPY 1 hourUSD/JPY has fallen to the lowest since October 11 on signs that Bank of Japan will boost its yield cap above 1%.On Friday, two reports said the BOJ was planning to boost its inflation forecasts and today, Nikkei reported that the central bank will consider policy tweaks. That could mean the ceiling on yield curve control is lifted above 1% to a higher zone or removed altogether.Importantly, the BOJ could also hint at the early steps of an interest rate normalization.Perhaps that’s too much for such an early stage but crowded USD/JPY longs began clearing out on Friday…

Share: Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes EUR/USD outlook. It takes a genuine surprise to really excite the market As US data continues to outperform expectations, and the rates market prices in mid-2024 RECN easing with greater conviction, there is still more danger of EUR/USD heading closer to parity, than making a move back above 1.10.  Expectations for strong US data and weaker figures in Europe, mean that it takes a genuine surprise to really excite the market, but for all that, reminders of economic divergence on sentiment can build up until they reach…