Author: FX
The new rules will see policymakers no longer be allowed to invest in individual stocks or bonds but only in “broadly diversified” funds and will have to hold those investments for at least a year (previously a month). According to the ECB:”Under the enhanced rules, high-level ECB officials must limit their investments to publicly listed, broadly diversified collective investment schemes such as exchange-traded funds and mutual funds. A collective investment scheme is considered broadly diversified if it is not concentrated in a specific sector. Asset classes that are already held and that, following the amendments, do not fall into this…
The Swiss central bankers once again changed their intervention strategy. In the opinion of economists at Commerzbank, the situation in Switzerland will be of greater significance for the FX market. The Franc will become a currency that is more complex to value “Interventions in favour of the Franc would no longer be caused by CHF depreciation. There will only be interventions in favour of the Franc if the SNB considers it necessary from a monetary policy point of view.” “We now have to figure out whether the SNB’s monetary policy strategy is working out, in particular whether inflation develops as…
Reviewed by Nick Cawley on August 5, 2022In this series we will piece together the anatomy of a swing trade and discuss the tools along with the methodology used to construct a basic trade setup. While no one single strategy is perfect, these best practices can be utilized in conjunction with your own trading strategy to identify more favorable entry / exit points in trending market environments.Trendlines are the simplest and single most important (and largely underutilized) tool in your trading arsenal. Extending a line off key highs & lows in price is an objective way of assessing the gradient…
The U.K. reported a surprise drop in retail sales! Could this mean more downside for GBP/USD? Or will the upcoming PMI releases turn the tide? Before moving on, ICYMI, yesterday’s watchlist looked at EUR/USD’s uptrend pullback ahead of the ECB statement. Be sure to check out if it’s still a valid play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: ECB hiked interest rates from 2.00% to 2.50% as expected U.S. headline retail sales tumbled 0.6% m/m in Nov vs. projected 0.2% dip U.S. core retail sales slipped…
Most traders make money trading trend reversals. Traders would often look for charts that show signs that the market is reversing, either through moving average crossovers, price action patterns or various indications of a possible trend reversal coming from technical indicators. This is a very logical way to make money out of forex trading. Trading trend reversals allow traders to squeeze the most profit out of a single trend by entering the market at the start of the trend and holding on to the trade until the end of the trend. However, catching trend reversals as it starts is very…
Warning: SIDU is at high risk of performing badly Source link
© Reuters. FILE PHOTO: A general view shows the Bank of England building, in London, Britain November 3, 2022. REUTERS/Toby Melville (This Dec. 15 story has been corrected to change Robert Dishner’s location to London from Chicago in paragraph 33) LONDON (Reuters) – The Bank of England on Thursday raised interest rates by a widely expected 50 basis points (bps) to 3.50%, in its ninth straight increase – and its eighth this year. The BoE, which is battling double-digit inflation that has unleashed a cost-of-living crisis that is pushing the economy deeper into recession, has raised rates by a combined…
Following the FED’s hawkishness on Wednesday, the ECB took it a step further. The central bank may have slowed down the pace of tightening moves, but the statement made very clear that this is not a sign that rates are anywhere close to the peak and that there will have to be further “significant” tightening to bring rates to restrictive level, in order to dampen demand and thus help to bring inflation down. “This is not a pivot, we are in it for the long game”. EUR rallied & Yields on short term credit erupted…
Should escape a ‘hard landing’ for the economyToo early to talk about the terminal rateHe also says that it is important to have “proportionate” rate hikes, which is a consistent message to Lagarde yesterday – in which she said that they may have to stick with 50 bps rate hikes for a while.ADVERTISEMENT – CONTINUE READING BELOW Source link
Mullen Automotive announces its first purchase order. Randy Marion Auto Group will buy 6,000 Class-1 vehicles. Mullen is not out of the woods, and shareholders should be cautious. To say the EV startup world is a world of fly-by-night operations and high risk is a bit of an understatement but Mullen Automotive (NASDAQ:MULN) is proving not all EV companies are alike. The latest news is a purchase order from Randy Marion Auto Group which is not only a game-changing event but a validation of the string of good news that has come out since October. There is still risk in…