Author: FX

Our FX strategies had an incredibly effective week with four directional biases and technical setups playing out generally as discussed. Check it out! Forex Setup of the Week: Simple USD/CAD Range Play Ahead of BOC Decision USD/CAD 4-Hour Forex Chart by TV On Monday, we spotted this textbook range setup on USD/CAD, that could quickly see volatility ahead with two major events from Canada this week. We didn’t take a strong directional lean, but we did discuss both bullish and bearish price scenarios to watch out for based on the outcome of the upcoming Bank of Canada monetary and interest rate…

Share: EUR weakens amid falling bond yields; remains supported by monetary policy divergence. ECB to tighten monetary conditions despite the Eurozone recession. Upcoming US CPI data could set the stage for a surprise at the FOMC meeting. EUR/USD reversed its course after Thursday’s jobs report in the United States (US) justified the Federal Reserve (Fed) view for skipping a rate hike. Additionally, recent data from Canada pointed to a softening labor market, atoning with recent unemployment claims in the US. The EUR/USD is trading at 1.0753, down 0.26%. Fed and ECB monetary policies set to diverge, supporting ongoing…

GBP/USD Prices, Charts, and AnalysisSterling bolstered by rate hike expectations.Key economic data and events next week will drive GBP/USD and EUR/GBP. Recommended by Nick Cawley How to Trade GBP/USD The British Pound is closing a positive week on the front foot, showing decent gains against a range of other G7 currencies. On a weekly low-to-high basis, cable is roughly 2 cents higher, GBP/JPY is around 2.5 Yen higher, while EUR/GBP has fallen the best part of one Euro. While all these currencies are slightly weak, Sterling has been better bid all week as expectations continue to build that the Bank…

Boston Pizza Royalties Income Fund declares CAD 0.107 dividend Source link

Gold Price (XAU/USD) Analysis, Price, and ChartGold remains supported despite higher US Treasury yields.US inflation and the FOMC policy decision are next week’s main drivers. Recommended by Nick Cawley How to Trade Gold For all market-moving data releases and events, see the DailyFX Economic CalendarUS Treasury yields maintain their gradual grind higher as the US government continues to sell vast quantities of government bonds across the curve. Sales announced yesterday include in excess of $200 billion of short-dated bills, $72 billion of notes, and $18 billion of re-opened 30-year bonds.Data via Treasury DirectThe economic calendar is full of high-importance US…

Rite Aid (RAD) Appoints Thomas Sabatino as Chief Legal Officer Rite Aid (NYSE:) today announced that Thomas Sabatino has joined the company as Executive Vice President and Chief Legal Officer. Sabatino will play a pivotal role in the company’s growth strategy to help create meaningful customer, client, and member experiences for millions of Americans. As Chief Legal Officer, he will oversee the organization’s legal affairs, including enterprise risk management, compliance, regulatory affairs, and privacy. “As we continue to accelerate our performance and grow our capabilities, we are pleased to welcome Tom to the Rite Aid team,” said Busy Burr, interim…

USD/CAD News and AnalysisUS jobs indicator signals early signs of stress, CAD rides positive momentum after BoC hikeBearish momentum accelerates as CAD continues positive momentum – ‘death cross’ and major support will be testedWeek ahead: FOMC (summary of economic projections) , ECB, US inflationThe 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 Find out the #1 mistake traders make and avoid it US Jobs Indicator Signals Early Signs of Stress, CAD Rides Positive Momentum after BoC HikeInitial jobless claims out of…

Much has been said about having a trading strategy and sticking to the plan, but what exactly do you need to build a profitable one? If you keep a detailed trading journal (and you should!), you probably have a good idea of which indicators and setups tend to work out in your favor. This can be as simple as textbook break-and-retest plays, which involve a combination of Fibs, support and resistance, moving averages, and stochastic in a trending market. Identifying building blocks like these not only makes your strategy potentially more profitable but also helps you maintain the discipline to trust and follow…

Here’s a look at the changes in the Fed funds futures curve over the last one week and compared to a month ago:After the US jobs report on Friday last week, traders moved in to further price a higher for longer narrative by the Fed and that hasn’t changed by much even after yesterday’s weekly jobless claims data.And when you compare to a month ago when traders were pricing in three rate cuts by year-end, it’s been a dramatic shift in the outlook as the Fed succeeded in getting their message through.It all comes down to what the next message…

USD/JPY PRICES, CHARTS AND ANALYSIS: Recommended by Zain Vawda How to Trade USD/JPY Most Read: Japanese Yen Price Action Setups: EUR/JPY, USD/JPY, AUD/JPYThe Yen faced selling pressure following the European open this morning as reports circulated that the Bank of Japan (BoJ) still see the need to continue monetary stimulus. As discussed in my Yen piece earlier this week, market participants have seemingly failed to buy into the BoJ’s stance which continues to provide support to the Yen. Will this change following today’s comments?BANK OF JAPAN AND POLICY IMPLICATIONS MOVING FORWARDA potential policy shift has been a key point for…