Author: FX
The Reserve Bank of Australia will give its next monetary policy decision next week! Could this week’s Australian CPI report influence the central bank’s decision? Here are points to know if you’re planning on trading Australia’s annualized CPI data: Event in Focus: Australia Consumer Price Index (CPI) and inflation data for May 2023 When Will it Be Released: June 28, 2023 (Wednesday), 1:30 am GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Headline CPI y/y: +6.2% y/y forecast vs. +6.8% y/y previous Relevant Data Since Last Event/Data Release: Australia’s unemployment rate dipped…
© Reuters. FILE PHOTO: A Carnival cruise ship is docked, amid the coronavirus disease (COVID-19) pandemic, in Long Beach, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson/File Photo By Ananya Mariam Rajesh and Juveria Tabassum (Reuters) -Cruise operator Carnival (NYSE:) on Monday forecast third-quarter profit largely below estimates as rising marketing and labor costs eat into gains from higher ticket prices and strong demand. The company’s shares, which have surged nearly 80% in the past two months on resurgent demand for cruises, dropped 11%. Carnival has increased marketing spend to attract new customers and gain an edge over its competitors even…
It’s Canada’s turn to print its latest batch of CPI readings soon! How could these updates potentially impact their central bank’s policy bias and CAD price action? Event in Focus: Canada’s Consumer Price Index (CPI) and inflation data for May 2023 When Will it Be Released: June 27, 2023 (Wednesday), 12:30 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Headline CPI m/m: 0.5% vs. 0.7% previous Headline CPI y/y: 3.4% vs. 4.4% previous Core CPI m/m: 0.5% vs. 0.5% previous Median CPI y/y: 4.0% vs. 4.2% previous Trimmed mean CPI y/y:…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
CANADIAN DOLLAR PRICE, CHARTS AND ANALYSIS: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Read More: EUR/USD Price Forecast: EUR/USD Looks to ECB Forum for GuidanceCANADIAN DOLLAR BACKDROPIt has been an interesting couple of weeks for the Canadian Dollar as the loonie has had an impressive run against the Greenback in particular. This has come against a backdrop of falling Oil prices, which is a surprise given the correlation between the two.Over the past couple of weeks attention has been on other Major Central Banks and…
If you’ve listened in class back in grade school when the scientific method was taught, pat yourself on the back! Having a scientific mindset may just give you an edge in trading. Scientific method: The basics Scientists always start with observation. Simply put, it is the process of using the senses to gather data about consistencies in the environment. This is where we take note of patterns, repeat occurrences, or random incidents. Once a scientist has gathered enough data, theory-formulation would follow. Humans are curious beings so we often try to make sense of what’s going on around us. We attempt to explain…
Vertex Energy completes first commercial renewable diesel sales Source link
While many community members enjoy arguing about what the ultimate blockchain is, an executive from the Foundation believes that these arguments should stop, as use cases dictate which blockchain is most appropriate for specific projects. At the World Token Summit in Dubai, Cointelegraph spoke with Mel McCann, vice president of engineering at the Cardano Foundation. The executive spoke about various topics, including enterprise adoption and the need to stop arguing about what blockchain is the best. Cardano Foundation’s Mel McCann (left) with Cointelegraph reporter Ezra Reguerra at the World Token Summit in Dubai. Source: CointelegraphContinue Reading on Coin Telegraph Source…
Share: German IFO Business Climate Index continued to decline in June. EUR/USD clings to small daily gains near 1.0900 early Monday. The headline German IFO Business Climate Index fell to 88.4 in June from 91.5 in May (revised from 91.7). This reading came in weaker than the market expectation of 90.7. Meanwhile, the Current Economic Assessment Index edged lower to 93.7 from 94.8 but arrived higher than the market expectation of 93.5. Finally, the Expectations Index – indicating firms’ projections for the next six months, declined to 83.6 from 88.3. Market reaction EUR/USD showed no immediate reaction to this report…
Both the U.S. and Canada have inflation updates coming up this week, so I’m looking at this ongoing trend on USD/CAD. Can we see a quick countertrend move before the big reports are printed, though? The pair is currently cruising lower inside a falling channel on its hourly time frame and appears to be setting its sights back on the floor. USD/CAD 1-hour Forex Chart by TV Now the bottom of the channel lines up with S1 (1.3120), so buyers might be keen on defending support, which is right around last week’s lows, too. Stochastic is indicating oversold conditions or…