Author: FX
Market Recap Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy A slight breather in the Treasury yields rally allowed Wall Street to turn in a positive session overnight, while VIX retraced for the second straight day after nearing its key psychological 20 level, which are generally looked upon as the divide between stable or more stressful periods. The rate-sensitive Nasdaq 100 index found room for greater relief (+0.8%) and if it manages to close at or above the current level today, that could help form a weekly bullish pin bar to kickstart next week.Overnight,…
Share: NZD/USD rebounds to 0.5977 amid a decline of the US Dollar. US real Gross Domestic Product (GDP) grew at an annual rate of 2.1% in Q2, as expected. New Zealand’s Roy Morgan Consumer Confidence for September came in at 86.4 vs. 85.0 prior. The US consumer inflation data will be a closely watched event. The NZD/USD pair gains traction above the mid-0.5900s during the early Asian session on Friday. The rebound of the pair is supported by a correction of the US Dollar (USD) and lower US Treasury yields. Meanwhile, the US Dollar Index (DXY) edges lower…
RelaxFoto.de/E+ via Getty Images Exelon (NASDAQ:EXC), its Commonwealth Edison subsidiary and former ComEd CEO Anne Pramaggiore were charged with fraud in connection with a multi-year scheme to “corruptly influence and reward” former Illinois House Speaker Michael Madigan, the SEC announced Thursday. Exelon (EXC) and ComEd agreed to pay a $46.2M civil penalty, while the charges against former Pramaggiore will be litigated, the SEC said. The agency said ComEd made indirect payments totaling more than $1.3M to Madigan’s associates to obtain jobs, subcontracts and monetary payments, all with the intent to influence Madigan regarding legislation favorable to ComEd. In a deferred…
By Piroschka van de Wouw ROTTERDAM (Reuters) -A gunman killed three people in the Dutch city of Rotterdam on Thursday, shooting a local woman and her daughter in their home then storming into a classroom of Rotterdam’s university hospital and opening fire on a male teacher. The 32-year-old suspect, a university student, shot dead a 39-year-old woman who lived in his neighbourhood, and shot her 14-year-old daughter. The girl died later in hospital, police said. After setting the woman’s house on fire, the gunman went to the Rotterdam Medical Centre university hospital, where he entered a classroom and shot dead…
It will be hard to figure out in the economy without dataCredit card data is a good alternative data setI try to talk to businesses and workers what’s happening in the economyGrowth still seems ‘solid’ in the economyIt makes sense that lower and middle-income spending is adjusting to a slower paceGrowth will moderate from earlier this yearThe data on consumer spending in the past few months has been ‘extraordinary’ but he expects it to slowI’ve heard that the middle income consumer is starting to ‘re-prioritize’ spendingI’m expecting the next quarter to be ‘solid’ no ‘robust’Pace of growth in Q1/Q2 is…
BITCOIN (BTC), ETHEREUM (ETH) KEY POINTS:READ MORE: EUR/USD Gets a Reprieve with the Dollar on Offer TodayDownload Your Free Complimentary Guide on Bitcoin Trading and Help Navigate Your Way Around the Complex World of Cryptocurrencies. Recommended by Zain Vawda Get Your Free Introduction To Cryptocurrency Trading Bitcoin has held up well over the past couple of weeks as markets in general face a host of uncertainties and risk-off sentiment. The idea of higher rates for longer has not had any material impact on Crypto, with both Bitcoin and Ethereum rising this week.The weaker US Dollar today has helped Crypto with…
Share: The Mexican Peso hovers around 17.60s as market participants await Banxico’s monetary policy decision. The Unemployment Rate in Mexico remains at around 3%, as revealed by the latest report from INEGI. The USD/MXN to remain downward pressured by interest rate differentials between Mexico and the United States. The Mexican Peso (MXN) continues to gain ground during the mid-North American session, with traders awaiting the latest monetary policy decision by the Bank of Mexico, which is widely expected to hold rates unchanged at 11.25%, according to a Reuters poll. Market participants are also eyeing Banxico’s opinion regarding the…
USD/JPY OUTLOOK:USD/JPY halts its advance near 11-month highs after breaching channel resistance earlier in the week.Despite some market hesitation, the U.S. dollar maintains a bullish outlook. Absent FX intervention by the Japanese government, the pair may soon break above the 150.00 level and head higher.This article looks at key USD/JPY’s technical levels to watch in the coming trading sessions. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Euro Forecast: EUR/USD on Breakdown Watch, EUR/GBP Stuck in No Man’s Land For NowUSD/JPY was a touch…
EUR/USD PRICE FORECAST:Most Read: Japanese Yen Outlook: USD/JPY, EUR/JPY Analyzed Post BoJ Minutes ReleaseAre you a beginner trader looking for guidance? We have you covered with our free Forex for Beginners Course to download below. Recommended by Zain Vawda Forex for Beginners The Euro has defended the 1.0500 Psychological level against the Greenback thanks in large part to USD weakness. Having printed fresh 8-month lows just below the 1.0500-mark yesterday this is no doubt a welcome reprieve for Euro bulls. The question of whether it is a sustainable move, however, remains up in the air for now….EURO AREA AND US…
bCracker A mild global slowdown with less synchronized growth and inflation dynamics is expected by BofA Securities, they reported their Thursday report of The Global Thinker. While inflation risks are present and the global central banks are likely to keep rates high for longer, the U.S. is expected to continue to lead growth and control the pace of interest rates globally. When it comes to GDP growth, it is expected it decrease from 2.1% to 1.1% in the next year, and to 1.3% in 2025. CPI inflation in the U.S. is expected to reduce from 4.2% to 3.2% in 2024…