Author: FX

Welcome to mid-week trading, errbody! Pippo tells me that we’ve got busy trading sessions ahead so I thought y’all would appreciate short-term setups today. Who’s up for trading NZD/USD and EUR/AUD’s short-term trends? NZD/USD 1-hour Forex Chart A spike in USD weakness took briefly took NZD/USD above the .6500 psychological handle yesterday! NZD bears eventually went back in the game though, and now NZD/USD is trading below .6450 again. Will NZD/USD retest its weekly highs? Take note that NZD/USD has been in an uptrend since mid-November and that an unbroken trend line resistance and the 100 and 200 SMAs point…

The cooler-than-expected US consumer price inflation report yesterday sparked a big reaction in markets but at the end of the day, it was a case of some being more than others. The dollar was pummeled alongside Treasury yields and there were some notable technical breaks in some dollar pairs as a result. However, stocks saw its early rip higher tempered with and the S&P 500 ultimately fell back below its 200-day moving average after an attempt to get above the key trendline resistance for the year:It’s now over to the Fed to vindicate the kind of moves we saw yesterday…

Asian equities remain mildly bid as easing fears of higher rates jostle with challenges for sentiment. US inflation raised hopes of Fed’s pivot in early 2023 but Powell isn’t famous for dovish moves. ADP cuts Emerging Asia outlook, IMF’s Georgieva expects slower growth for China. Japan’s Tankan figures flash mixed signals, RBA’s Lowe refrained from speaking on monetary policy. Risk appetite remains firmer in Asia during early Wednesday, even as the Treasury bond yields remain directionless and the US Dollar licks its wounds around a six-month low by the press time. While portraying the mood, MSCI’s index of Asia-Pacific shares outside…

USDCHF, Daily The Swiss State Secretariat for Economic Affairs (SECO) revised down its inflation forecasts for 2022 and 2023. For 2022, CPI is projected at 2.9%. The previous September forecast was 3.0%. The 2023 CPI is expected to be 2.2%, down from 2.3%. For 2022 GDP growth was unchanged at 2.0%, while 2023 GDP growth was slightly lowered from 1.1% to 1.0%. SECO said this would indicate sluggish growth in the Swiss economy, but not a severe recession. Meanwhile, Europe’s energy situation is projected to normalize after the winter of 2023-24. At the same time, inflation rates are likely to…

© Reuters. By Ambar Warrick  Investing.com– Oil prices fell slightly on Wednesday after three sessions of stellar gains as data pointed to an unexpected build in U.S. inventories despite a major pipeline outage, while markets awaited more cues on monetary policy from the conclusion of a Federal Reserve meeting. Crude markets rallied sharply over the past three sessions as an outage in the Canada-U.S. Keystone Pipeline and softer-than-expected U.S. inflation data drove up hopes that supplies will tighten while economic conditions will improve and spur a recovery in demand. But released on Tuesday showed that U.S. oil inventories likely grew more…

<p>Info via Reuters headline, without further details at this stage. </p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link

Dow Jones, S&P 500, Nasdaq 100, US CPI, Yield Curve – Asia Pacific Market OpenDow Jones, S&P 500, Nasdaq 100 reverse CPI-induced rallyMarkets are seemingly looking beyond the Fed pivot alreadyShooting Star leaves Dow Jones vulnerable to a pullback next Recommended by Daniel Dubrovsky Forex for Beginners Asia-Pacific Market Briefing – Wall Street CPI Rally Reverses CourseThe Dow Jones, S&P 500 and Nasdaq 100 rejoiced today as November’s US CPI report crossed the wires. Across the board, the data surprised lower. Headline inflation clocked in at 7.1% y/y versus 7.3% anticipated. This is as the core gauge, which strips out…

JHVEPhoto/iStock Editorial via Getty Images Charter Communications (NASDAQ:CHTR) said it planned over $10B in capital expenditures in aggregate next year, part of a plan to upgrade its subscriber footprint with faster speeds and better mobile device coverage. New Chief Executive Officer Chris Winfrey – taking over for longtime chief Tom Rutledge – used Charter’s Tuesday evening Investor Day presentation to tout $5.5B in spending to upgrade the network for higher speeds for Charter customers. The company plans $5.5B in “network evolution” spending, the bulk of which will land in 2024 and 2025 – and after which it’s expecting most of…

NZD/USD struggles for clear directions at six-month high. Overbought RSI conditions, four-month-old horizontal resistance challenge bulls. Monthly support line, sustained trading beyond 200-DMA restrict bear’s entry. NZD/USD remains sidelined around 0.6460 during Wednesday’s Asian session, after retreating from a six-month high before a few hours. The quote rallied to the highest levels since June the previous day, and also posted the biggest daily gains in a fortnight, but failed to offer a daily closing beyond the key 0.6480 hurdle comprising tops marked in August, as well as during early December. The pullback move also took clues from the overbought RSI…

Introduction to the Smoothed Smart Money Pressure Oscillator Indicator Oscillators are typically developed to follow the movements of price action to help traders make sense of what the market is doing. This indicator was developed to show the money flow pressure derived from the price chart as an oscillator with a smoothed presentation of the trend. What is the Smoothed Smart Money Pressure Oscillator Indicator? The Smoothed Smart Money Pressure Oscillator Indicator is a trend following indicator which is based on the Smart Money Pressure Oscillator. It is a variation which plots smoother oscillations compared to the Smart Money Pressure…