Author: FX

Apart from the financial aspect required in becoming a full-time trader, let’s take a look at another less tangible but equally important factor, which is the passion for trading. Passion, in its most basic sense, is defined as a strong feeling about a person, thing, or undertaking. It refers to the intense emotion that usually compels you to reach for your goals. As cheesy as this may sound, passion will play a very crucial role in your trading endeavor because it is inevitable that you will incur drawdowns. These are times when you will feel that everything you do just goes…

GBP/USD and EUR/GBP Latest Analysis, Prices, and ChartsGBP/USD pushing back above 1.2900 in thin pre-FOMC turnover.EUR/GBP stalls as support levels near. Recommended by Nick Cawley Download our Brand New Q3 GBP Guide Sterling has bounced off Monday’s 1.2798 swing low and is pushing higher against the US dollar ahead of the latest Federal Reserve monetary policy decision. Trade is light ahead of the meeting as traders wait to see if Chair Powell gives any clues in his post-meeting press conference about the future path of interest rates. Financial markets are pricing in one final 25 basis point rate hike today,…

Crescent Point Energy Non-GAAP EPS of C$0.38 beats by C$0.08, revenue of C$949.6M beats by C$220.61M Source link

© Reuters. FILE PHOTO: The logo of Puma sportswear company is seen at its store at Tbilisi Mall in Tbilisi, Georgia, April 22, 2016. REUTERS/David Mdzinarishvili By Linda Pasquini and Helen Reid (Reuters) -German sportswear brand Puma’s second-quarter sales grew by 11%, the company reported on Wednesday, slightly ahead of market expectations thanks to stronger revenues from Asia and Europe, while the U.S. dragged. The sportswear sector is struggling with weakening demand in North America and a slower than expected recovery in China, where Nike (NYSE:), Adidas (OTC:), and Puma are facing increasing competition from local brands. Puma’s shares were…

Who’s ready to trade the ECB decision? I’m looking at this simple trend setup on the hourly chart of EUR/NZD to gauge if support levels might hold. As you can see from the chart below, the pair has formed higher lows and higher highs connected by an ascending channel. EUR/NZD 1-hour Forex Chart by TV Price is dipping to the mid-channel area of interest, which happens to be right smack in line with the 50% Fibonacci retracement level. A larger correction could find more buyers at the 61.8% Fib that’s closer to S1 (1.7750) and a former resistance zone that…

The miss in the US CPI saw the US Dollar being sold off hard across the board as the market expected the end of the rate hike cycle after the July meeting. The US data though kept on surprising to the upside and this has led the market to have a rethink. In fact, we got another very strong US Consumer Confidence report yesterday that suggests that the economy is still good and the Fed might need to do more to bring inflation sustainably back to their target. On the other hand, the SNB raised interest rates by 25 bps…

Share: EUR/GBP remains sideways below 0.8600 ahead of ECB’s policy decision. The uncertainty about ECB’s guidance for September’s monetary policy is building pressure on the Euro. Investors are interested to know whether UK PM Rishi Sunak would meet his promise of easing inflation to 5% by the year-end. The EUR/GBP pair is demonstrating directionless performance in the Asian session around 0.8570. The cross is expected to extend its declining spell despite concrete expectations of an interest rate hike from the European Central Bank (ECB), which will be announced on Thursday. To tame stubborn inflation in Eurozone propelled by…

USD/JPY just dipped back to the 141.00 area! Are we looking at a pullback from an uptrend? Or a reversal in the making? USD/JPY 1-hour Forex Chart Chart by TV I don’t know if you’ve noticed, but USD/JPY has been making higher highs and higher lows since mid-July after the pair found support from the 138.00 psychological handle. The 142.00 area was an effective resistance though, and now the pair is back to consolidating at the 141.00 zone. Are we seeing a short-term reversal or just a pullback from USD/JPY’s uptrend? Technical indicators favor more buying as the 100 SMA…

US Dollar Vs Euro, British Pound, Japanese Yen – Outlook:USD is holding last week’s gains ahead of the Fed rate decision.What are the potential policy and trend scenarios for USD?What is the outlook and the key levels to watch for EUR/USD, GBP/USD, and USD/JPY? Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast The US dollar has rebounded slightly against its peers ahead of the key US Federal Reserve interest rate decision later Wednesday. What are the potential scenarios, both in terms of policy and technical charts?Given that inflation continues to be well above the Fed’s target with…

© Reuters. Aung Soe Moe, a former diplomat dismissed by Myanmar’s military junta for his opposition to the coup, makes his way at a local shopping street near his home in Tokyo, Japan January 28, 2023. REUTERS/Kim Kyung-Hoon/File Photo By Leika Kihara and Andrea Shalal TOKYO/WASHINGTON (Reuters) -The Bank of Japan should start preparing for future monetary tightening by moving away from its yield control policy, the International Monetary Fund’s chief economist Pierre-Olivier Gourinchas said on Tuesday. The remarks came ahead of the BOJ’s closely-watched meeting on Friday, where the board will release fresh price forecasts and debate whether to…