Author: FX
USD/JPY cheers upside break of three-week-old resistance to refresh intraday high. Yields remain firmer amid recession woes but light calendar on Monday, firmer Japan PPI readings probe the Yen buyers. US CPI, Fed’s signals for future rate hikes will be important for near-term directions. Chatters surrounding BOJ’s tightening, geopolitical headlines may offer extra directions. USD/JPY picks up bids to favor buyers around the 137.00 threshold as the cautious mood in the market underpins the US Dollar demand during early Monday. Adding strength to the upside momentum is the technical breakout and hawkish hopes from the US Federal Reserve (Fed). It’s…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The United States regulators want to take a closer look at money laundering and terror financing laws by the Financial Crimes Enforcement Network (FinCEN), as it asked banking sector players for feedback on DeFi’s crime risks.Continue Reading on Coin Telegraph Source link
Sundry Photography Tech-focused private equity firm Thoma Bravo is said in advanced discussions to purchase Coupa Software (NASDAQ:COUP) after outbidding rival PE firm Vista Equity. A deal may be announced as soon as this week, according to a Bloomberg report, which didn’t include a deal price. The transaction price may be $81 a share, according to a tweet from CNBC’s David Faber. An $81 price would value Coupa at more than $6 billion and would represent a 77% premium to where the stock traded before news of a potential buyout offer, though it would still represent a more than 50%…
Good morning to all our friends in Tokyo. The FX market is quiet so far today but it should begin to pick up any moment.Data isn’t going to be a big driver but there are a few notable releases starting with Tokyo producer price index data at 2350 GMT, or 8:50 am in Tokyo. The consensus is +0.5% on the m/m and +8.9% on the y/y. Some talk about Japan ending yield-curve control has been doing the rounds. At the same time, we’ll get the Japanese Q4 manufacturing survey from BSI.A short time later at 0030 GMT, we’ll get Australian…
USA500 ended bearish last week, closing just slightly above its 3-week low. The slump was mainly triggered by better than expected US economic data. On Friday, the November US PPI data suggested that there is still upside risk for inflation, which might eventually complicate the route for the Fed’s monetary policy shift. Fig.1: US Stock Heatmap. Source：TradingView As a result, most of the US stocks’ gains were wiped out within the week, suffering losses at varied degree. Netflix (NLFX) and Tesla (TSLA) were the companies that managed to close with gains over 3%, followed by Broadcom (AVGO) (+2.57%). Broadcom, Inc. is…
Introduction to the MACD Signals Indicator Oscillators can be reliable trend following technical indicators, which is why many traders use an oscillator type of indicator as part of their trading chart. Among the different oscillators, the MACD is probably one of the most popular oscillators. The MACD Signals Indicator is another oscillator type of indicator which is derived from the MACD. What is the MACD Signals Indicator? The MACD Signals Indicator is a trend following technical indicator which is derived from the classic Moving Average Convergence and Divergence (MACD) indicator. It is an oscillator type of indicator which is based…
Recommended by Daniel Dubrovsky Get Your Free Top Trading Opportunities Forecast Market volatility came back to life this past week as the VIX ‘fear gauge’ soared almost 20 percent, the most since August. On Wall Street, the Dow Jones, S&P 500 and Nasdaq 100 dropped 2.08%, 2.71% and 2.72%, respectively. Things weren’t looking too great in Europe either, with DAX 40 dropping 1.5%. Australia’s ASX 200 fell 2.14%.Much of the volatility occurred towards the end of last week when larger-than-expected US wholesale inflation data for November crossed the wires. It also didn’t hurt the University of Michigan consumer sentiment surprised…
We got a lot of risk-off vibes this week as recession fears continued to grow in the minds of traders, as well as surprise inflation updates keeping traders on their toes with regards to central bank expectations. The Swiss franc was the big winner this week, while its usual “safe haven” buddy, the Japanese yen, fell to last place on speculation of potential policy shifts from the BOJ ahead. Notable News & Economic Updates: China services activity index shrunk from 48.4 in October to six-month low of 46.7 in November J.P.Morgan Global PMI Output Index fell to 48.0 in November…
Bank of England to hike rates by 50 bps, fresh forecasts coming up. Concerns about a global economic setback weighed on US indexes. GBP/USD trades near its recent multi-month high of 1.2343. The GBP/USD pair peaked at 1.2321 after Wall Street’s opening but trimmed intraday gains and hovers at around 1.2280. The pair ends the week flat, as demand for the US Dollar remained subdued. At the time being, US indexes trade mixed, with the Dow Jones Industrial Average and the S&P 500 in the red, but the Nasdaq Composite up measly 12 points. Generally better-than-anticipated US macroeconomic data has…
Though good, dedicated trading mentors are hard to come by these days, there are plenty of other forex traders out there who are willing to share tips that could help improve your trading performance. Let’s take a look at four classic nuggets that are easily taken for granted and why we should pay closer attention to them. 1. Adjust your expectations. Some newbies have unrealistic expectations because of “get rich quick” schemes that brought their attention to trading in the first place. Beginner traders usually expect to get the same returns as these strategies or TikTok videos have promised, sometimes…