Author: FX
USD/JPY Analysis and ChartUSD/JPY clawed back some ground but remains pressuredMarkets are unsure how much further US interest rates will rise as data softensBank of Japan’s ultra-loose monetary policy is also in focus Discover what kind of forex trader you are The Japanese Yen slipped a little against United States Dollar on Friday but still looks set for its strongest week this year as Japanese yields rise and the greenback is weighed down by a broad rethink about how much higher US interest rates could go.Official data this week showed inflation coming to heel Stateside, with the labor market softening.…
If you’ve put on one or two (or fifty) trades, then you’ll know that raking in consistent profits is not as easy as the trading “gurus” on TikTok and Discord make it to be. I mean, why would it? If trading is so easy, then everybody would do it full-time. In fact, the word around is that only 1% of those who try trading achieve consistent profitability. That’s about the same success rate as getting a Taylor Swift Eras Tour ticket! I can’t show you an exact map to becoming consistently profitable, but I can tell you that profitable traders…
Frequency Therapeutics jumps on all-stock merger with Korro Bio Source link
GBP/USD AnalysisDollar drives GBP/USD higher ahead of crucial UK CPI print next weekGBP/USD technical levels to watch as new ground is broken above 1.3000Sentiment data hints at a bullish continuation as retail sentiment bets on a reversalThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow See what’s in store for sterling in Q3 Dollar Drives GBP/USD Higher Ahead of Crucial UK CPI PrintCable’s recent performance contrasts with what we saw in the days after last month’s Bank of England surprise 50…
© Reuters. Russian President Vladimir Putin spaeks to reporters of state television in Moscow, Russia July 13, 2023. Sputnik/Alexander Kazakov/Kremlin via REUTERS By Guy Faulconbridge MOSCOW (Reuters) -Russian President Vladimir Putin offered Wagner mercenaries the opportunity to keep fighting at a meeting just days after their failed mutiny but suggested Yevgeny Prigozhin be moved aside in favour of a different commander, the Kommersant newspaper said. Putin initially vowed to crush the June 23-24 mutiny, comparing it to the wartime turmoil that ushered in the revolutions of 1917, but hours later a deal was clinched to allow Prigozhin and some of…
Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, S&P 500 Prices, Analysis, and Charts Foundational Trading Knowledge Find Your Trading Style Recommended by IG FTSE 100 stabilizes ahead of the start of U.S. earnings seasonThe FTSE 100’s three-consecutive day rise is losing upside momentum ahead of major U.S. earnings results out later today and as it approaches the June-to-July downtrend line at 7,459. If it and Thursday’s high at 7,459 were to be exceeded, the way would be open for the 9 June low, April-to-July downtrend line, 200- and 55-day moving averages at 7,546 to 7,595 to…
Gold Price (XAU/USD) Analysis, Price, and ChartUS dollar weakness helps to power gold higher.Retail sentiment is mixed. Recommended by Nick Cawley Download our Brand New Q3 Gold Guide For all market-moving data releases and events, see the DailyFX Economic CalendarUS Treasury yields have fallen sharply over the last week as traders increase their bets that the Federal Reserve’s monetary policy tightening program is coming to an end. The yield on the rate-sensitive UST 2s has fallen by 50 basis points since last Thursday, while further out along the curve, the UST 10s are around 30 basis points lower, while the…
There aren’t really any significant ones to take note of for the day. As such, trading sentiment is going to revolve mostly around the technicals and the dollar mood. It looks like markets are taking a bit of a breather from the hot and heavy action since the US CPI data this week but we’ll see if things will start to act up again later when Wall Street enters.For more information on how to use this data, you may refer to this post here. Source link
Share: UR/PLN has reached and fallen below Commerzbank’s end-2023 target of 4.45. The bank updates its EUR/PLN forecasts. Euro to remain strong through 2023, but weaken once again during 2024 We forecast the Euro to remain strong through 2023, but weaken once again during 2024. Given Zloty’s high-beta relationship to the Euro, we see EUR/PLN rising again towards 4.75 as inflation disappoints once again in 2024. Our base case remains that inflation will moderate noticeably over the coming quarters, but not converge fully to target, hence we see 2024 as a potential Zloty-negative period. Source: Commerzbank Research …
Did anyone else notice NZD rising like crazy against CAD? NZD/CAD is now testing a key resistance zone after this week’s moves! Let me show you the setup on the daily chart: NZD/CAD Daily Forex Chart by TV July has been a good month for NZD against CAD, as NZD/CAD has risen by a whopping 340ish pips since the month started. A huge chunk of the move happened this week with NZD/CAD poppin’ up from the .8200 psychological handle to test the .8400 area of interest. As you can see, .8400 is not too far from the R2 (.8420) of…