Author: FX
Who’s ready for the next central bank decision? Well, if you ain’t ready then you better get on it ’cause the Reserve Bank of New Zealand is coming up soon, so you better prepare if you plan on trading NZD! Events in Focus: Reserve Bank of New Zealand (RBNZ) Monetary Policy Statement When Will it Be Released: October 4, Wednesday: 1:00 am GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: RBNZ is likely to keep the official cash rate (OCR) unchanged at 5.50% The RBNZ will likely note slowing economic conditions, but…
The Biden administration warned China that more computer chip-making export curbs are coming early this month. This would be an update around the one-year anniversary of the measures first unveiled on Oct 7, 2022.The report said China was given advance notice as ‘part of a broader bid by the Biden administration to stabilize relations’. The Biden administration is hoping the Xi Jinping will attend an APEC summit in San Francisco in November. If he accepts that invitation, it will be a sign of thawing relations. Source link
Share: The Kiwi is following the broader market into the downside against the US Dollar. Risk aversion is the name of the game for Monday as the DXY extends its climb. Kiwi traders will be looking ahead to Wednesday’s rate call from the RBNZ. The NZD/USD is backsliding for Monday, falling around fifty pips and facing rejection from the 0.6000 major handle as risk-off flows drive the Greenback (USD) higher across the board. The Kiwi peaked last Friday at 0.6050 before getting knocked back as market risk appetite evaporates, extending risk asset declines against the US Dollar. Fears…
Neuberger Berman Real Estate Securities Income Fund Inc declares $0.0312 dividend Source link
© Reuters. Quin Karala, 29, a member of the lesbian, gay, bisexual, transgender, intersex and queer (LGBTQ) community and a single mother of one poses for a picture with rainbow colours at the offices of Rella Women’s Empowerment Program, for LGBTQ rights advocacy, KAMPALA (Reuters) – Uganda’s Constitutional Court on Monday took a first step toward hearing a challenge to an anti-gay law that rights activists and Western governments have denounced as draconian. The Anti-Homosexuality Act (AHA), signed into law by President Yoweri Museveni in May, is one of the world’s harshest anti-gay laws and punishes some same-sex acts with…
How can you distinguish between a good trade and a bad one? I feel the need to discuss this because there’s often a misconception that all winning trades are good and that all losing trades are bad. As you might have guessed, there’s more to it than just making profits. Whether or not the trade was profitable doesn’t determine if it was a good or bad forex trade. In fact, it’s possible to have good LOSING trades as well as bad WINNING trades. Still a bit confused? Here’s a good rule of thumb: A good trade is one that has…
S&P 500 futuresIt’s not a good look for equities now as US futures pare almost all of its earlier gains, despite even getting help from a gap higher at the open. European indices are also now all in the red, with the Eurostoxx down roughly 0.3% currently. It once again highlights the fact that the bond market is in charge of proceedings and traders are back to focusing on that after month-end and quarter-end last week.10-year Treasury yields are up nearly 6 bps to 4.63% at the moment and threatening a further push higher amid the breakout since the middle…
Share: In the opinion of Markets Strategist Quek Ser Leang UOB Group, USD/THB could still advance further and surpass the 37.00 hurdle in the near term. Key Quotes We highlighted last Monday (25 Sep, spot at 36.03) that “While further USD/THB is not ruled out at a later stage, this week, USD/THB is more likely to consolidate in a range of 35.68/36.35.” Instead of consolidating, USD/THB continues to strengthen, as it rose to a high of 36.835 before ending the week on a strong note at 36.63 (+0.52%). The rapid rise over the past few weeks is severely…
In a dramatic eleventh-hour move, the US government dodged a potentially catastrophic shutdown. Both the House and Senate reached a last-minute consensus on a short-term funding arrangement, securing its passage just minutes before the critical midnight deadline on Saturday. With a stroke of his pen, President Joe Biden transformed this deal into law, ensuring the government’s uninterrupted operation until November 17. Yet, amid this sigh of relief, a looming spectre remains unaddressed—the ominous debt ceiling. This financial threshold dictates how much the government can borrow to meet its financial obligations. In August, the US reached its current debt ceiling of…
Welcome to a brand spankin’ new trading month, forex playas! Today we’re looking at EUR/USD possibly taking a short break from its downtrend. Are you seeing what we’re seeing on the 1-hour time frame? EUR/USD 1-Hour Forex Charts by TV If you’ve seen our EUR/USD setup last week, then you’ll know that EUR bears have been on a roll with dragging the common currency lower against the U.S. dollar. But EUR/USD is now sporting a possible Reverse Head and Shoulders pattern after it found support from the 1.0500 psychological handle and forming “shoulders” near the 1.0570 Pivot Point line. And…