Author: FX
Trading is a game of large numbers. In fact, this game of large numbers is called probabilities. It is a given that traders would have some wins and some losses. However, a winning trader would always come out on top because probabilities would dictate that as long as he or she has enough number of trades, he would be profitable. So, how do we skew the game of probabilities in our favor? Different traders have different ways to become consistently profitable. However, one of the best ways to increase our chances is by looking for confluences. Confluences are basically a…
Pgiam/iStock via Getty Images Stock index futures are up slightly Monday but trading is expected to be cautious before the CPI on Tuesday and the Fed decision on Wednesday. Nasdaq 100 futures (NDX:IND) +0.3%, S&P futures (SPX) +0.2% and Dow futures (INDU) +0.2% ticked higher. The 10-year Treasury yield (US10Y) fell 4 basis points to 3.53% and the 2-year yield (US2Y) fell 5 basis points to 4.33%. “The Fed, the ECB and the BoE are all expected to downshift the pace of rate hikes to 50bps this week from 75bps at their last meetings. US CPI first though,” Deutsche Bank’s…
© Reuters. Wirecard’s former CEO Markus Braun arrives in the courtroom as his trial continues, after the German payments company collapsed in the wake of a fraud scandal in 2020, in Munich, Germany, December 12, 2022. REUTERS/Lukas Barth By Jörn Poltz MUNICH (Reuters) – The former Wirecard CEO Markus Braun began his defence in Germany’s biggest post-war fraud trial on Monday, as his lawyer dismissed allegations of wrongdoing at the defunct payments company as “absurd” and prejudiced. Braun, 53, and two other managers are on trial on charges including market manipulation and fraud and could be sentenced for up to…
Economic data from the U.K. came in all green today, so I’m looking at this opportunity to catch Guppy’s uptrend! Do you think this ascending channel will hold? Before moving on, ICYMI, I’ve listed the potential economic catalysts that you need to watch out for this week. Check them out before you place your first trades today! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: U.K. Dec Rightmove HPI printed 2.1% m/m slump in house prices China removes official COVID tracking app Japanese Nov preliminary machine tool orders fell…
Global, multi-asset broker, Fxview, believes that a client-first approach is indispensable for brokers to attract and retain clients, and future-proof brokerages.Global, multi-asset broker, Fxview, a Finvasia Group company, believes that prioritising clients is of utmost importance for brokerages today. In the fiercely competitive landscape of financial services provision, solving client problems with user-friendly yet advanced technology solutions can give brokers an edge in the market. Today’s customer expects cutting-edge tools to navigate the financial markets. Understanding customer expectations and fulfilling them is the best way to ensure customer satisfaction and loyalty.”Value creation for our clients has always been the top…
GBPUSD (D1) GBPUSD fell to near 1.2200 after failing to break above resistance at the 1.2300 level, and currently sits at 1.2270, as market sentiment took a more conservative direction ahead of the monetary policy meeting. The US Federal Reserve (Fed) may be less inclined to optimism following the release of October’s inflation report as well as the PPI data coming in line with forecasts. This result benefits the Dollar, which however failed to hold above the key resistance level of 105.00, the Futures price being at the level of 104.77. The S&P500 took a beating on Friday and is…
Other major central banks are printing their December policy decisions, but none will get as much attention as the Federal Open Market Committee (FOMC) event this week. Feel like trading the Fed’s policy decision on Wednesday at 7:00 pm GMT? Here are five points you need to know first: Pricing in could start as early as the CPI release Some traders have probably priced in their FOMC projections as early as the NFP and PPI report releases but expect more volatility after the U.S. consumer price index (CPI) is printed on Tuesday. Markets see inflation slowing down from 7.7% to…
The Kiwi ended the week back above 0.64, and while it didn’t reclaim Monday’s highs, it’s still the best-performing G10 currency month to date. Economists at ANZ Bank expect volatility this week. NZD seasonality is usually positive in December “NZD seasonality is usually positive in December, but while it has that and higher interest rates in its corner, there are no guarantees that it will finish this week un-bruised, with several central bank meetings due.” “Volatility beckons ahead of the Fed meeting, which is expected to be hawkish, with a 50 bps hike and a much higher terminal rate (2023)…
The USD Index holds at 105.00 from lows on Friday at 104.50, following hot PPI data and strong consumer sentiment. Stocks fell into close on Friday (Dow the weakest -0.9%) and down 2.85-4.0% last week (Nasdaq weakest) threatening the Santa Rally. Yields rallied over 2% on Friday, 10yr closed at 3.567% trades at 3.55% today. Asian markets & European FUTS are also lower as Chinese Covid infections rise as restrictions are eased. BIG week ahead. Week Ahead – US CPI and the FOMC dominate matters but 10 other Central Banks update markets this week including ECB…
Japan -0.21%.November Japanese PPI +9.3% vs +8.9% y/y expected. China -0.67%. Hong Kong -2.04%. Australia -0.45%. India -0.08%. The major averages fell on Friday to clinch a losing week, snapping a two-week winning streak for Wall Street. The Dow fell 2.77%, suffering its worst stretch since September. The S&P 500 fell 3.37%, suffering its worst stretch since September. The Nasdaq composite fell 3.99%, suffering its worst weekly stretch in a month. New Zealand net migration +3,343 vs +2,176 prior. On Monday, India is scheduled to release inflation and industrial output data. Oil prices rose more than 1% on Monday as…