Author: FX
Gold, XAU/USD, Federal Reserve, Jobless Claims – Briefing:Gold prices gained on the Fed as USD and Treasury yields fellAll now focus on US initial jobless claims to gauge SVB impactXAU/USD turned back towards key resistance, where to next? Recommended by Daniel Dubrovsky How to Trade Gold Gold prices gained about 1.6% on Wednesday in the aftermath of the Federal Reserve rate decision and Chair Jerome Powell’s press conference. The takeaway from the Fed was that Mr Powell stressed that at this time, policymakers did not see the case for rate cuts this year. The latter is something that markets have…
It looks like the S&P 500 is about to bounce off an area of interest! Will the reversal gain traction from here? If so, the equity index could set its sights on these next downside targets. S&P 500 Index (SPX500) 1-hour Chart by TradingView Remember that break-and-retest setup we were watching on this index last week? Well, it looks like the former support zone is already holding as a ceiling, so I’m looking at where price could go from here. The Fibonacci extension tool shows the levels that sellers might be aiming for. The 38.2% level looks like a potential…
Regal Rexnord, Altra Industrial receive all regulatory approvals, deal to close Monday Source link
Coinbase discloses receipt of Wells Notice “alleging violations of the federal securities laws” related to “aspects of the Company’s spot market, staking service Coinbase Earn, Coinbase Prime and Coinbase Wallet.”ie, SEC notice formally declaring the regulator’s plans to bring an enforcement action against the largest US crypto exchange This will tarnish the crypto complex. Bitcoin Read this Term dropped on Wednesday, US time, FOMC related ’twas said. Might have been some insider activity on this also. Related – did anyone hear about the spruiker pumping BTC to $1m this week. I hope for the fools who listened that it didn’t…
Share: The GBP/USD is rallying sharply after the US Federal Reserve raised rates by 25 bps. Federal Reserve officials updated its dot-plot, with 10 out of 18 policymakers expecting another 25 bps rate hike by the end of the year. At the time of typing, the GBP/USD is trading volatile within the 1.2240-1.2300 range as traders brace for Fed’s Powell press conference. Read More… The GBP/USD retreated more than 70 pips from the six-week high it reached earlier of 1.2297 and dropped to 1.2218 as Pound’s momentum following UK CPI faded, ahead of the Federal Reserve’s decision. Read More… The GBP/USD pair…
US DOLLAR OUTLOOK:U.S. dollar lacks directional conviction, moving between small gains and losses, as traders avoid taking large positions ahead of the FOMC decisionThe Fed is expected to hike interest rates by 25 basis points to 4.75%-5.00%, though some market participants anticipate a pause in the central bank’s tightening cycleThe US dollar’s near-term outlook is likely to hinge on FOMC’s guidance Recommended by Diego Colman Get Your Free USD Forecast Most Read: EUR/USD Bounce Facing Strong Resistance at the 1.08 Level Ahead of FOMCThe U.S. dollar, as measured by the DXY index, lacks directional conviction on Wednesday morning, moving between…
Douglas Rissing Major market averages traded slightly higher on Wednesday morning as investors wait for word from the FOMC. Early on and the Nasdaq (COMP.IND) gained 0.2%, S&P 500 (SP500) rose by 0.2%, and the Dow (DJI) picked up 0.1%. The 10-year Treasury yield (US10Y) was flat at 3.60% and the 2-year yield (US2Y) gained 3 basis points to 4.20%. There have “certainly been false dawns before, but yesterday saw several milestones that added to the optimistic mood,” Deutsche Bank’s Jim Reid wrote. “Among others, bank stocks experienced their best performance so far this year, the VIX index of volatility…
Pre-FED anxiety is the mood today as markets await the key interest rate decision from the U.S Dollar The Greenback rolls into midweek trading at a monthly low (102.82) ahead of a big day for the US economy. Factors driving this disinterest from buyers of the US currency can be attributed mainly to the pre-FED anxiety that is generally seen in markets ahead of today’s Interest Rate decision. Following a five-day downtrend since the recent banking crisis, potential buyers of the currency will be looking for any hawkish undertones from the FED today, as well as any clues relating to…
Regulators and industry players highlighted several implications and potential impacts of the European Union’s Markets in Crypto-Assets (MiCA) regulation at the Paris Blockchain Week 2023. A panel titled “MiCA: How is the EU Regulating Crypto?” delved into the proposed MiCA regulation, which is expected to take effect in 2024. The 400-page regulatory guidelines for cryptocurrencies and digital assets have been a major talking point across the continent.Unpacking MiCA and its implications — a panel discussion featuring industry experts and regulators at Paris Blockchain Week 2023. Continue Reading on Coin Telegraph Source link
As silly as it sounds, the fear of success is as real as the fear of failure for some forex traders. In fact, I would argue that it is more detrimental than the latter because it is rooted in the subconscious. Everybody says they want to be successful, but some people fear the changes that success may bring. The idea is not as silly as it sounds if you really think about it. With success comes higher expectations. Take for example an athlete who just ran a mile in under six minutes. Chances are that the athlete will set the bar high on his…