Author: FX
Share: NZD/USD hovers around the 0.6000 mark, benefiting from a softer Greenback as US Treasury bond yields experience a decline. US inflation data reveals a 3.9% YoY rise in PCE, easing pressures on the Fed to increase rates beyond the current 5.25%-5.50% range. Upcoming RBNZ decision and potential US government shutdown add elements of anticipation and uncertainty to the market’s future movements. The New Zealand Dollar (NZD) climbs against the US Dollar (USD), sponsored by an improvement in market sentiment and a Greenback that is falling as US Treasury bond yields slide. The NZD/USD remains trading at around…
According to Reuters, 4 sources are saying that:OPEC+ ministerial panel unlikely to recommend output policy change at October 4 meetingThis is as expected. This article was written by Greg Michalowski at www.forexlive.com. Source link
Share: Mexican Peso stays resilient, though risks for depreciation mount on risk aversion. Mexico’s public sector ran a fiscal deficit in August, revealed the Ministry of Finance. USD/MXN trades sideways as the New York session winds down, and traders head into the weekend. The Mexican Peso (MXN) holds to its gains vs. the US Dollar (USD) amid market sentiment deterioration, as news emerged about the US government’s imminent shutdown, which would furlough Federal Government workers and delay the release of US economic data. Although the USD/MXN continued to register gains and trades below 17.50, the uptrend remains in…
Share: Nike beat earnings consensus for FQ1 results. The quarter ending in August witnessed better pricing power. Nike earned $0.94 per share on revenue of $12.94 billion. NKE stock has conquered the 21-day SMA, signaling a new uptrend. August PCE data shows core inflation slowing its growth trajectory. Nike (NKE) stock has surged over 9% in Friday’s premarket, climbing above $98 per share, following late Thursday’s fiscal first-quarter earnings release. Nike got a big tick from investors after it beat pessimistic earnings expectations by more than 23% and hiked its dividend by 9%. The US Personal Consumption Expenditures…
Share: Gold price has been under pressure this week and has dropped back to $1,860, its lowest price in a good six months. Strategists at Commerzbank analyze the yellow metal’s outlook. Gold will probably find it difficult to come out of the defensive For as long as the market continues to expect a ‘soft’ landing in the US, no price recovery is likely to happen for now. After all, this would imply that it will take longer for any interest rate cut to be forthcoming. However, because our US experts are more pessimistic and believe that a recession…
US PCE DATA KEY POINTS:August U.S. consumer spending advances 0.4% versus 0.4% expected.CorePCE, the Fed’s favorite inflation measure, climbs 0.1% month-on-month and 3.9% from a year earlier, in line with expectations down from a revised 4.3% YoY in July.Short-Term US interest-rate futures little changed after the inflation data, traders continue to bet Fed rate hikes are done.To Learn More About Price Action, Chart Patterns and Moving Averages, Check out the DailyFX Education Section.READ MORE: Bitcoin, Ethereum Rally Following Latest ETH Futures ETF Application, Where Next? Recommended by Zain Vawda Trading Forex News: The Strategy The latest data out from the…
Restaurant Brands upgraded to buy at Loop on Burger King sales data Source link
Just because you’re dedicated to improving your forex trading skills doesn’t mean you have to be in front of your charts day in and day out. In fact, there are times, such as when you’re on a losing streak or when there are simply no good trading setups to take advantage of when you have to step back from trading activities altogether. This doesn’t mean that you can’t work on your skills though. You can improve your trading performance by simply doing activities that enhance your best trading tool: your mind and body. Let’s take a look at five non-trading…
GOLD ANALYSIS & TALKING POINTSGold prices bounced in early Friday tradeAction looks corrective after heavy falls, doesn’t seem backed by a specific eventUS PCE inflation numbers will be the next big indicator Recommended by David Cottle Get Your Free Gold Forecast Gold Prices managed a little bounce in Friday’s European trade but remain on course for their worst monthly showing since February of this year as a range of fundamental and technical factors make life very tough for the bulls.As always these days, the most obvious of those factors is monetary. United States interest rates are set to remain ‘higher…
By Saleem Ahmed QUETTA, Pakistan (Reuters) -A suicide bombing in Pakistan killed at least 52 people and injured more than 50 on Friday at a religious gathering to mark the birthday of Prophet Mohammed in a restive province bordering Afghanistan, health officials and police said. No group has claimed responsibility for the blasts which come amid a surge in attacks by militant groups in Pakistan, raising the stakes for security forces ahead of national elections scheduled for January next year. Hours after the suicide blast in Balochistan province, another blast ripped through a mosque in Khyber Pakhtunkhwa province which also…