Author: FX
Share: During September, the Euro has weakened broadly. Economists at Nordea analyze EUR/USD outlook. Downward momentum in EUR/USD unlikely to last From a technical perspective, a 14-day Relative Strength Index (RSI) below 30 points to a USD that is overbought against the EUR, which means that further downside should be limited. While the USD could continue to do well in the very short term, we still are inclined to think that the USD fortunes will reverse next year as it is unlikely that the US economic outperformance will last. EUR/USD – 3M 1.07 Mid-2024 1.10 End-2024 1.12 Mid-2025…
GBP/USD Analysis and ChartUK data helping to underpin Sterling.US dollar nudging lower but bond yields remain near multi-year highs.Download the Brand New British Pound Q4 Guide Below Recommended by Nick Cawley Get Your Free GBP Forecast The final UK S&P services and composite readings for September beat original forecasts and came roughly in line with August’s readings. The accompanying report however underlined the weakness of the service sector despite beating original forecasts.According to Tim Moore, economics director at S&P Global Market Intelligence, ‘”Service sector activity remained on a negative trajectory in September as cutbacks to non-essential business and consumer spending…
LAB, VINO and BROG are among pre market gainers Source link
Self-sabotage and negative thinking are common psychological obstacles that traders face, often undermining their performance and success in the market. These mental barriers can lead to impulsive decision-making, inability to stick to a trading plan, and ultimately, loss of capital. Let’s discuss the impact of self-sabotage and negative thinking in trading and provide practical strategies to help traders overcome these obstacles and achieve greater success. What is Self-Sabotage? Self-sabotage is a behavior or thought pattern that undermines or obstructs an individual’s progress, success, or well-being. It occurs when individuals unconsciously create obstacles or engage in actions that hinder their ability…
Following the publication of a significant improvement in the UK PMI for September, there was a significant slight increase in the value of the Pound sterling against the Euro and Dollar, signalling that the economy’s performance was not as bad as expected. The S&P Global Services PMI for September was revised up to 49.3 from an initial estimate of 47.2, indicating that the economy avoided a significant downturn and remained stable from August’s 49.5 reading. The Composite PMI, which adjusts the services, construction and manufacturing PMIs to provide a more accurate picture of the broader economy, was revised higher to…
By Niklas Pollard and Ludwig Burger STOCKHOLM (Reuters) -Scientists Moungi Bawendi, Louis Brus and Alexei Ekimov won the 2023 Nobel Prize in Chemistry for “the discovery and synthesis of quantum dots,” which illuminate computer monitors and television screens and are used by doctors to map tumours. “The Nobel Laureates … have succeeded in producing particles so small that their properties are determined by quantum phenomena. The particles, which are called quantum dots, are now of great importance in nanotechnology,” the Nobel Committee for Chemistry said in a statement. “Researchers believe that in the future they could contribute to flexible electronics,…
Prior -0.2%; revised to -0.1% This article was written by Justin Low at www.forexlive.com. Source link
Yesterday at 08:30 am ET (New York Time), JOLTS job openings for August again showed an incredibly buoyant labour market with 9.61m new available vacancies versus the 8.8m analysts were expecting. Even though the main target is inflation, this is not what the Fed wants to see and the voice saying ”higher for longer” immediately resonated in traders’ minds. Bonds immediately sold off and the 10-year Treasury yield surged to its highest level since 2007, up 11 bps to 4.80%; Futures on 30y at the same time slid as much as 1.58% with the yield up to 4.924% and 30y…
A not-so-hawkish RBNZ decision dragged the New Zealand dollar lower earlier today. NZD sellers have since taken a chill pill, though. Will the pause provide a break-and-retest setup for NZD/USD players? Here’s what we’re looking at in the 1-hour time frame: NZD/USD 1-hour Forex Chart by TV Earlier today, the Reserve Bank of New Zealand (RBNZ) kept its interest rates at 5.50% for a fourth meeting in a row. While the decision is widely expected, some traders had expected at least a bit more hawkishness from the central bank. The RBNZ didn’t change their statement much compared to the previous…
Share: USD/JPY hit the 150 mark, triggering a knee-jerk reaction drop. Economists at Commerzbank analyze the pair’s outlook. Interventions do little to change the fundamental situation Japanese officials unanimously refused to confirm any FX intervention. Instead, they continued to emphasize their readiness to react to ‘excessive movements’. In any case, Tuesday’s exchange rate movement will reinforce the impression among market participants that the 150 in USD/JPY is a sound barrier that is difficult to break through. Ultimately, however, interventions do little to change the fundamental situation. As long as the US economy continues to appear robust and the…