Author: FX
Data from New Zealand kicks off at 2130 GMT and 2145 GMT (1430 and 1445 respectively US Eastern time).Japan, one item from China and then the Australian employment market report at 0030 GMT (1930 US Eastern time).I posted this yesterday: This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected. Source link
Share: What you need to take care of on Thursday, February 16: The US Dollar remained strong on Wednesday, with demand for the Greenback easing ahead of Wall Street’s close as stocks bounced from their intraday lows. The Greenback benefited from renewed concerns about the continued US Federal Reserve’s monetary tightening spurring risk aversion. As American inflation eased just modestly in January, hopes for a Fed’s pivot faded. The United States published Retail Sales on Wednesday, which surged by 3% MoM in January, much better than anticipated. The figure provided fresh impetus to the USD and kept stock…
Introduction to the DC Signals Generator Indicator Market Sentiment can be a very effective indication of how price action would move. The DC Signals Generator Indicator is a momentum indicator which is based on the bulls and bears market sentiment. What is the DC Signals Generator Indicator? The DC Signals Generator Indicator is a momentum-based signal indicator. It provides trade signals based on short-term price movements which indicate a possible momentum reversal. This indicator plots a yellow star with red borders below a candle to indicate the “Upper Bound”, which can also indicate a bearish reversal. It also plots an…
EQUITY MARKET OUTLOOK:The S&P 500 and Nasdaq 100 trade modestly lower in the wake of the strong U.S. inflation and retail sales dataThe recent jump in Treasury yields is a headwind for stocks, but the reduced probability of a hard landing should cap any downsideThis article looks at key Nasdaq 100 technical levels to watch in the coming sessions Recommended by Diego Colman Get Your Free Equities Forecast Most Read: USD/JPY Pushing Higher on US Dollar Strength and Yen WeaknessUS equities staged a strong rally at the beginning of the year, but have lacked a strong directional bias of late.…
Solskin Apple (NASDAQ:AAPL) has been granted a patent for a foldable device as speculation mounts that the tech giant could unveil a foldable iPad as soon as next year. The patent, granted on Tuesday, notes that users could touch multiple parts of the device to perform certain tasks. The device could also have curved sidewalls made from glass or another “transparent” type of material. The patent also describes that someone could touch the side of the electronic and control the camera. Cupertino, California-based Apple (AAPL) has not yet unveiled any foldable devices, though Samsung (OTCPK:SSNLF), which competes with Apple in…
2/2 © Reuters. FILE PHOTO: Tripadvisor app is seen on a smartphone in this illustration taken February 27, 2022. REUTERS/Dado Ruvic/Illustration 2/2 By Priyamvada C (Reuters) – Airbnb Inc shares jumped 12% in early trading on Wednesday, as investors cheered its bullish revenue forecast and tight control on costs in the face of mounting economic worries. At least 10 brokerages raised their price targets on the stock after the vacation rental firm’s fourth-quarter results beat market expectations. Though Airbnb flagged pressures on average daily rates through the year due to higher bookings from less pricier urban areas and regions like…
Prior was -0.7% (revised to -1.0%)Manufacturing output +1.0% vs +0.8% expectedCapacity utilization 78.3% vs 79.0% expectedThis will be a drag on GDP but it’s far overshadowed by today’s hot retail sales report. Some are pointing to a drop for utilities, which makes sense given the warm weather. Source link
The Dollar maintains its strength against its peers as markets price in additional rate hikes on the back of sticky inflation data. Dollar Midway through the week and the Dollar finds itself trading within an 8-day range between the 102.39 – 103.79 level. Factors driving this consolidation in price and generally supporting a more bullish bias and preserving the Dollar’s strength against its peers can be attributed to Tuesday’s key economic data release in the form of Consumer Price Index data. The data essentially revealed the biggest 1-month increase since June 2022 as CPI increased by 0.5% in January. Following…
Whether we’re tinkering around with our demo accounts or playing with a few dollars in our live accounts, it has never been far from our minds that our accounts are going to make it big in the future. Unfortunately, many traders have difficulty taking the next step and trading bigger positions. Some find it hard to risk wiping out the small profits they’ve worked hard for in the last couple of months, while some just can’t stomach risking bigger positions. Taking on more risk definitely has its perks. But be warned… While it can give you bigger wins, increasing your risk can…
Share: In the view of UOB Group’s Economist Lee Sue Ann, the Bank Indonesia (BI) could raise its key rates by 25 bps at the upcoming gathering on Thursday. Key Takeaways “The end of the current hiking cycle is imminent as we have alluded to before.” “We keep our BI rate forecast for a terminal rate of 6.00% that is likely to occur this month, though there is an increasing risk that Jan’s rate hike might be the last one for the current hiking cycle.” Source link