Author: FX

Canada’s got a few economic updates on the forex calendar this week, making this downtrend in CAD/CHF one to watch for short-term opportunities. What kind of setups could we see for the bears? Or is there a potential trend reversal play ahead? CAD/CHF 1-Hour Forex Chart by TradingView What’s up forex fiends! We’ve got a textbook setup on CAD/CHF in the works, hitting the top of the watchlist as volatility is likely to pick up for the Canadian dollar this week. The forex calendar is showing Canadian trade data, inflation data, and retail sales on the docket, with the consumer…

Attention, fellow Loonie traders! Canada is gearing up to unveil a new set of CPI data tomorrow, and these numbers are poised to have a notable influence on broad Bank of Canada policy sentiment. What are the expectations and what could be the next move for the Canadian dollar? Event in Focus: Canada’s Consumer Price Index (CPI) and inflation data for September 2023 When Will it Be Released: October 17, 2023 (Tuesday), 12:30 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Headline CPI m/m: 0.5% m/m forecast; 0.4% m/m previous Headline…

Geez, Janet Yellen is shortThe European Central Bank is eyeing energy prices and fallout from the Israel-Hamas conflict, President Christine Lagarde told euro-area finance ministers, according to people familiar with the matter cited by Bloomberg.WTI crude oil is down 72-cents today to $86.97.It was around this time two years ago that Lagarde brushed off oil prices as an inflationary problem. Just days later, TTF began to soar and create a big problem for the ECB. Last week, TTF rose to $56 from a low of $36 but it’s down to $48 today, off by about 3%. That price is about…

Share: GBP/USD registers a 0.42% gain on Wall Street, showcasing a risk-on mood with gains between 0.90% and 1.02%. The UK’s annual CPI is projected to dip slightly, but monthly figures are expected to rise, fueling speculations of another BoE rate hike. BoE interest rate probabilities hover around a 50% chance for a 25 bps hike this cycle. The British Pound (GBP) advances versus the US Dollar (USD) during the North American session, registering gains of 0.42%, on a risk-on impulse while expectations of a sightly high UK inflation report underpin the GBP/USD. At the time of writing,…

Pound Sterling (GBP/USD) AnalysisUK inflation and jobs data due while average earnings remains uncomfortably highUSD safe haven appeal cuts GBP/USD relief rally shortIG sentiment provides mixed outlook despite overwhelming net-long positioningThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryUK Inflation and Jobs Data up NextOn Wednesday UK inflation data is forecast to see declines for both headline and core inflation but recent surges in oil prices present a risk of an upside beat on the headline measure which includes volatile items like food and fuel.UK…

hapabapa/iStock Editorial via Getty Images Charles Schwab (NYSE:SCHW) CFO Peter Crawford said Monday that outflows are starting to ease and nearing the return of sweep cash growth, bringing greater clarity towards core earnings power. One indication of cooling outflows is the pace of cash realignment activity has decelerated in September to the lowest level seen in the current cycle, Crawford said at the brokerage firm’s Fall Business Update. What’s more, Schwab (SCHW) has seen its first month of bank sweep deposit growth since before the Federal Reserve’s rate-hiking cycle started in March 2022. Crawford also noted the level of supplemental…

© Reuters. Members of Hezbollah march with party’s flags during a rally marking al-Quds Day, (Jerusalem Day) in Beirut, Lebanon May 31, 2019. REUTERS/Aziz Taher/File Photo BEIRUT (Reuters) – Lebanon’s Hezbollah has been exchanging fire with Israel across the border for days in the deadliest escalation since they fought a major war in 2006, threatening to expand a conflict between Israel and Palestinian group Hamas. Backed by Iran, Hezbollah has said it is ready to help when the time comes in the war between Israel and Hamas, which is also backed by Tehran. Sources said last week Hezbollah’s attacks so…

Here’s a popular trading statistic that’s thrown around a lot in the retail forex world: More than 95% of traders fail. With such a high exit rate, you’d think that being a good trader is genetic! But the fact of the matter is that nobody is born a good trader. Successful traders are made, not born. Nothing can prove this concept more than the story of the Turtle Traders. In 1983, two commodity traders, Richard Dennis and Bill Eckhardt, got into a heated debate on whether being a good trader was a product of genes or if it could be…

Trading Leveraged Products is risky Stock markets sold off across Asia, with the JPN225 underperforming and losing more than -2%. US futures are higher, as are European futures, as markets watch efforts to prevent a further escalation and widening of the Israel-Hamas conflict. Asian markets were still weighed down by heightened risk aversion, but European and US markets show signs of stabilisation. Treasury yields have backed up 5.8 bp to 4.67% and the 10-year Bund yield jumped 2.6 bp, after JGB rates climbed 1.2 bp as haven flows receded. Eurozone spreads are narrowing. USDIndex has…

Higher rates may persist but that is not clearHave to be careful about fiscal pathToo early to speculate on any significant economic consequences from Israel-Hamas conflictThese are just some token remarks there by Yellen. Carry on as you will. This article was written by Justin Low at www.forexlive.com. Source link