Author: FX
Closing changes:Stoxx 600 +0.4%German DAX +0.4%UK FTSE 100 +0.3%French CAC +0.5%Italy MIB +1.0%Spain IBEX +0.8%European stocks had a great start but faded somewhat. We might have to wait for the ECB to get a directional move. This article was written by Adam Button at www.forexlive.com. Source link
Share: Gold price remains sideways as the market awaits US inflation data for further action. The US Dollar corrects marginally, while the broader bias remains bullish due to US economic resilience. Fed policymakers are expected to maintain the status quo on September 20 as US inflation is falling and the economy is better balanced. Gold price (XAU/USD) struggles to find a direction as investors await the US Consumer Price Index (CPI) data for August. The precious metal remains sideways despite the US Dollar delivering a corrective move, while investors digest global slowdown fears. US inflation data for August…
Japanese Yen Prices, Charts, and AnalysisUSD/JPY – The short-term high may already be in place.EUR/JPY – UK jobs and growth data will likely drive this pair.Bank of Japan (BoJ) – Foreign Exchange Market InterventionThe Japanese Yen pushed higher in Asian trade after Bank of Japan governor Kazuo Ueda suggested that the central bank may start to shift away from its ultra-loose monetary policy if inflation begins to move to target. Governor Ueda said that the central bank may have enough data by the year-end to shift away from negative bond rates, adding that the central bank may have ‘underestimated’ the…
T-Mobile US to offer senior notes Source link
A few years ago, one of our lovely moderators interviewed some of the most respected and experienced traders in the BabyPips.com community. I thought I’d go through their answers again in hopes of re-learning a thing or two from them. After all, the learning never stops here at BabyPips.com! I have compiled some of the best ones below. Take a look: 1. Don’t give up. “I have several pieces of fairly good advice, but if I can choose only one this would be it: Learning to trade is not a sprint, it’s a multi-year marathon. Don’t give up.”– o990l6mh 2. Go for…
© Reuters Qualcomm (QCOM) soars 8% as Apple (AAPL) renews chip agreement through 2026 Qualcomm Technologies (NASDAQ:) announced today that it has secured an agreement with Apple (NASDAQ:) to provide its high-end chips for Apple’s smartphones. The agreement covers the products that are set to be launched in 2024, 2025, and 2026, Qualcomm said. Shares in the chipmaker soared more than 8% on the announcement. “This agreement reinforces Qualcomm’s track record of sustained leadership across 5G technologies and products,” the chipmaker said in a press release. Qualcomm’s 5G Modem-RF Systems will be used for new Apple products with the chipmaker…
Last week the US data surprised to the upside with the ISM Services PMI and Jobless Claims beating expectations by a big margin. The market didn’t like the strong data as it raises the chances of another rate hike in November. In fact, the Dow Jones sold off following the PMI beat with some consolidation thereafter, even after the strong Jobless Claims. The market seems to be trading on “good news is bad news” at the moment, but the outlook remains uncertain.Dow Jones Technical Analysis – Daily TimeframeDow Jones DailyOn the daily chart, we can see that the Dow Jones…
Share: Pound Sterling climbs above a two-day high as the appeal for risk-sensitive currencies improves. Investors shift focus to UK employment data for July, which will be published on Tuesday. BoE Pill and Mann are set to speak on Monday and Tuesday, respectively. The Pound Sterling (GBP) rebounds strongly as bearish market sentiment eases, while the broader bias is still vulnerable. The GBP/USD pair recovers swiftly ahead of the United Kingdom’s Employment report for July, which will demonstrate current labor market conditions. Investors will keenly focus on wage growth momentum, which has remained a major trigger for keeping…
Looking for trade ideas to start the week? GBP/USD is trading around the 1.2500 major psychological handle ahead of the U.K.’s jobs report release. Will the report and this week’s market themes inspire traders to extend GBP/USD’s months-long downtrend? Let’s take a look at the 1-hour chart for clues. GBP/USD 1-hour Forex Charts by TV If you’ve read the latest FX Weekly Recap, then you’ll know that the U.S. dollar made pips from the U.S. economic reports supporting a hawkish bias for the Fed. Meanwhile, the British pound was weighed (heh) by BOE Governor Andrew Bailey saying that they’re over…
Nikada Japan -0.51%. Bank of Japan Governor Kazuo Ueda said over the weekend that the central bank could end its negative interest rate policy when the 2% inflation target is sustainability achieved. He added that the BOJ could have enough data by the end of the year to determine whether it can proceed with policy changes. China +0.97%. China August inflation: CPI 0.1% y/y (vs. expected 0.2%) & PPI -3.0% y/y (expected -3.0%). China August M2 money supply +10.6% vs +10.7% y/y expected. China relaxes rules for insurers to invest in stock markets, on Sunday China’s financial regulator reduced the…