Author: FX

Yens keeps rising across the board after Bank of Japan’s surprise.  USD/JPY drops by more than 4% on Tuesday.  US dollar mixed across the board, on risk appetite.  The USD/JPY dropped even further during the American session and bottomed at 131.00, the lowest intraday level since August 2. It remains near the low, falling more than 550 pips or 4.15%.  The pair is headed toward the lowest daily close since June with the Yen having one of the biggest daily gains across the board boosted by the decision of the Bank of Japan to raise the upper banks of its…

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With the holiday season in full swing and only a few days left until the end of 2022, it’s time for traders to close up shop. So, how exactly do you wrap up your trading year so that you’ll be ready to hit the ground running when the holidays are over? Here are four simple steps: 1. Minimize your risk exposure Better yet, close all your forex positions. The major currencies aren’t likely to make any significant movements over the holiday week. A couple of pips worth of gains aren’t worth the hassle of having to check price action while…

Most traders know about momentum trading, trend reversals and trend following trading strategies. However, many traders overlook mean reversal trading. This is because mean reversal trading strategies often do not carry as much allure to it as the other types of trading strategies. While trend following and trend reversal strategies often offer high yields for a single trade setup, mean reversal strategies bank on lower yields on each trade with a higher percentage of wins. This steady but surely approach might not be as exciting as winning the lottery approach, it is a viable way to trade the forex market…

A more dovish BOE and a more hawkish Fed helped to set the tone last week, with a selloff in equities also helping the dollar recover well after the softer US CPI data just seven days ago (felt like much longer now, no?). That resulted in failed breakout attempt to the topside with price falling back below the August lows at 1.2276-93 and the 50.0 Fib retracement level of the swing lower from last year, seen at 1.2306 roughly.The retreat has resulted in a push back towards the 200-day moving average (blue line) earlier today, seen at 1.2088 currently. That…

FX option expiries for Dec 20 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts         – USD/JPY: USD amounts                      – AUD/USD: AUD amounts   – NZD/USD: NZD amounts Source link

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Trading Leveraged Products is risky The USD Index is betwixt and between amid various drivers. It closed at 104.706, inside the day’s 104.931 to 103.50 range. The advent of the holidays and year end have lightened volume measurably too, exacerbating some of the moves in the markets. Stocks are in red against Decembers’ seasonality. Treasuries fell today, especially at longer tenors, after the Bank of Japan unexpectedly lifted a cap on 10-year yields and unleashed a sell-off across global bond markets. Yields: 10yr rose to 3.71% and 30-yr to 3.72%. The S&P 500 has risen…

5/5 © Reuters. Beds are seen in a fever clinic that was set up in a sports area as coronavirus disease (COVID-19) outbreaks continue in Beijing, December 20, 2022. REUTERS/Thomas Peter 2/5 By Bernard Orr and Xinghui Kok BEIJING/SINGAPORE (Reuters) -Cities across China scrambled to install hospital beds and build fever screening clinics on Tuesday as authorities reported five more deaths and international concern grew about Beijing’s surprise decision to let the virus run free. China this month began dismantling its stringent “zero-COVID” regime of lockdowns and testing after protests against curbs that had kept the virus at bay for…

It is appropriate to continue easing policyToday’s decision is not an exit of yield curve control or change in policyToo early to debate exit from current monetary policyIf possibility of achieving 2% inflation target draws near, we can discuss timing of exitIt is still necessary to sustainably achieve 2% inflation targetSome verbal pushback there by Kuroda as he tries to play down the policy tweak today. He is saying the the decision was made as “deteriorating market functioning could threaten corporate financing”. Adding that there is no need to further expand the allowance band.ADVERTISEMENT – CONTINUE READING BELOW Source link