Author: FX
USDIndex on Wednesday [11/10] fell -0.04% and recorded a 2-week low, while declining bond yields on Wednesday weakened the dollar as the yield on 10-year T-notes also fell to a 2-week low. In addition, the strength of stocks limited liquidity demand for the dollar. The dollar’s decline was limited after the US PPI in September rose more than expected, which is a hawkish factor for Fed policy. The minutes of the FOMC meeting on 19-20 September were slightly hawkish and bullish for the Dollar. US PPI for final demand rose 0.5% on a monthly basis in September, above expectations of…
The highlight of the week on the US economic calendar is Thursday’s consumer price index report.Importantly, this report is the anniversary of the September 2022 CPI report and that one marked the bottom of the Nasdaq. On that day, the US reported a hotter CPI report but the market concluded that the peak was near.Nasdaq after Sept 22 CPIUltimately, that proved to be the case as September 2022 core CPI at 6.6% marked the top on the way to 4.3% in August and an expected reading of 4.1% on Thursday.US core CPI y/yHeadline CPI had peaked in June on the…
Share: Canadian Dollar is easing off the pressure as Crude Oil prices soften. Canada economic data remains thin for the week, US data dominating the market. US inflation data to remain key market driver for the back half of the trading week. The Canadian Dollar (CAD) is stepping back slightly on Wednesday, giving the US Dollar (USD) some breathing room and sending the USD/CAD back into near-term highs. Inflation expectations remain the pivotal market focus for this week, and with Canada-based data almost entirely absent on the economic calendar, chart direction will be determined by market reaction to…
Oil volatility stepped up today in favor of the bears, and it looks like there’s more action to come with a busy calendar ahead. What’s in the line up and which scenarios should be on the watchlist? WTI Crude oil futures 1-Hour Chart by TradingView Crude oil bears have been in solid control since the end of September, pushing the market lower after topping out around the $95/barrel handle to current trading levels around the $84 area. Keep in mind that oil prices went on a massive run from a major support area around $67 back in June, likely on…
USD/JPY, GBP/JPY PRICE, CHARTS AND ANALYSIS:Most Read: Short USD/JPY: A Reprieve in the DXY Rally and FX Intervention by the BoJ (Top Trade Q4)USD/JPY, GBP/JPY FUNDAMENTAL BACKDROPThe Japanese Yen has resumed its struggles following the Bond purchase offensive by the Bank of Japan (BoJ) on October 2. The biggest winner has actually been the GBP as the Greenback has been on a retracement following a brief spike on Monday. The US Dollar has face selling pressure largely on the back of dovish rhetoric from Fed policymakers this week. This was further reinforced today by Fed Policymaker Waller who stated that…
Emera Incorporated declares raises dividend by 4% to CAD 0.7175 Source link
© Reuters. A Spider Bot is pictured on a backpack ahead of the opening of the Avengers Campus area at Disney California Adventure Park in Anaheim, California, U.S., June 1, 2021. Picture taken June 1, 2021. REUTERS/Mario Anzuoni/File Photo (Reuters) – Walt Disney (NYSE:) Co said on Wednesday it is raising some theme-park ticket prices for its Disneyland resort in California and Walt Disney World in Florida, weeks after the entertainment giant unveiled a hefty spending plan for its parks business. The company has hiked prices at Disneyland by up to 8.9%, with the price per ticket on busy days…
New traders, especially those who are lured by the prospect of exponential gains, tend to think that there will always be volatile price action which means constant profits. But markets are not always volatile and there are periods where your charting software looks like it has locked up because price isn’t moving at all. If you’re not used to trading low-volatility markets but are still determined to do it this year, then you should consider the following: You may use a trading system that’s not designed for tight ranges Using a trend-catching strategy in a range-bound market is like pushing…
In asset trading, foreign exchange, or Forex, occupies a unique niche. Foreign exchange is one of the most significant global economic events. Simply put, it is a virtual international market where currencies are bought and sold.Multiple factors drive this dynamic marketplace, but one of the most essential elements in understanding its fluctuations is the concept of imbalance. This article will explain what is Forex trading and what an imbalance in Forex means.Basics of Supply and Demand in ForexAt its core, Forex trading is purely reliant on the basic economic principles of supply and demand. Currencies, like any other asset, are…
Share: Oil (WTI) steady at $84 after a calm Tuesday trading session. The US Dollar weakened after Fed officials commented about the end of the tightening cycle. Sideways to lower price action is expected as several Oil-producing countries vowed for diplomacy amid current tensions in Gaza. Oil prices have quickly digested the volatile ride from Monday after violence erupted in Israel and the Gaza strip over the weekend. Markets were on edge about possible spillover effects from the conflict to the broader Middle East region, but roughly 48 hours later it appears that Oil production is not…