Author: FX
China’s Wang is on the wires after his meeting with President Putin: Perhaps most notably (well, it’s certainly the headline the squawks were keenest on).. “We Are Ready To Deepen Strategic Cooperation With Russia”Headlines – OUR RELATIONS WILL NOT SUCCUMB TO PRESSURE FROM THIRD COUNTRIESWE ARE READY TO DEEPEN STRATEGIC COOPERATION WITH RUSSIAOUR RELATIONS ARE NOT DIRECTED AT ANY THIRD COUNTRYOTHER COUNTRIES CANNOT PUT PRESSURE ON OUR RELATIONSWE ARE READY TO DEEPEN OUR STRATEGIC PARTNERSHIP Source link
Share: NZD/USD struggles near monthly low despite a hawkish RBNZ rate hike on Wednesday. The prospects for further policy tightening by the Fed underpins the USD and caps gains. Recession fears also benefit the buck and act as a headwind for the risk-sensitive Kiwi. Traders now await the release of the FOMC meeting minutes before placing fresh bets. The NZD/USD pair struggles to capitalize on its modest intraday uptick and attracts fresh sellers in the vicinity of mid-0.6200s on Wednesday. The pair is currently placed just a few pips above the 0.6200 mark, or its lowest level since…
EUR/USD PRICE, CHARTS AND ANALYSIS:READ MORE: Euro Steadied the Ship Ahead of CPI as Treasury Yields Leap. Lower EUR/USD? Recommended by Zain Vawda Get Your Free EUR Forecast EUR/USD FUNDAMENTAL OUTLOOKEURUSD posted modest gains in the Asian session testing a key level of support turned resistance around the 1.06650 handle. The Euro has since struggled to hold onto gains against the greenback with rising geopolitical tensions seemingly keeping the Euro bulls at bay.Yesterday’s data out of the Eurozone showed further improvement with flash PMIs beating estimates in the service sector while manufacturing was marginally down. The Zew sentiment survey reflected…
iQIYI Non-GAAP EPADS of $0.14 beats by $0.07, revenue of $1.1B beats by $10M Source link
USD/JPY ANALYSIS & TALKING POINTSBOJ bond buying and loans dominate Japanese headlines.How much impact will the FOMC minutes have?Technical analysis indicates possible downside to come via the rising wedge chart pattern. Recommended by Warren Venketas Get Your Free JPY Forecast JAPANESE YEN FUNDAMENTAL BACKDROPThe Japanese Yen found some support this Wednesday morning against the US dollar while the Bank of Japan (BOJ) had to purchase 10-year government bonds due to the yield breaching the BOJ’s upper limit (0.5%) of their policy band. This has been the second consecutive trading session where this has taken place and has brought into question…
US Stocks recorded their worst day in two months, Yields soared with 10-year Treasuries hitting three-month peak. Vix index, a measure of stock market volatility and often dubbed Wall Street’s “fear gauge”, rose above 23, its second highest level of the year. Fears over a more hawkish FOMC stance for a longer period of time continued to weigh on the markets. More strong data added further to the hawkish Fed case as well with the S&P Global PMIs climbing more than expected, with the services and composite indexes rising back into expansionary territory. US housing…
I’ve got this simple GBP/CAD descending triangle setup on my radar today since the pair looks ready to test the resistance soon! Do you think sellers will still defend the ceiling this time? GBP/CAD 4-hour Forex Chart by TradingView In case you missed the GBP/CAD support bounce last week, you might have another chance to play this triangle pattern when the pair tests the resistance. As you can see from the 4-hour chart above, price is closing in on the top of the triangle around the 1.6400 major psychological mark. So will it hold or will it break? Technical indicators…
One of the criteria that define a professional trader is consistency. Professional traders make money out of trading as their main source of income. Many traders dream to just that. However, not all traders can do this because most traders are not consistent enough to pin their hopes of a monthly income coming from trading. Professional traders on the other hand are very consistent when it comes to their trading. Sure, there will be a few periods here and there wherein they could be on the red. However, for the most part professional traders are usually on the green. It…
Market reversals can be identified based on price action and price patterns. This is often the method used by most seasoned traders. However, newer traders usually find it daunting to identify possible trend reversals based on their observations. Let us look into how we can use technical indicators, such as the Elliott Wave Oscillator and the Highest Highs – Lowest Lows SR indicator, to help us objectively identify and confirm what price action is doing. The strategy discussed here shows us a trend reversal strategy based on the two indicators, which agrees with the concepts of a trend reversal based…
<p>German CPI YoY: Act: 8.7% Prev: 8.6% Fcst: 8.7%</p> This article was written by Ryan Paisey at www.forexlive.com. Source link