Author: FX

Housing starts, building permits, and completions for JunePrior housing starts 1.631M (data was much higher than the estimate of 1.400M) revised lower to 1.559MPrior building permits 1.491M (estimate last month was 1.420M)Housing starts 1.434M versus estimate of 1.480MBuilding permits for June 1.440M vs 1.490M estimateBuilding permits -3.7% versus +5.6% last monthHousing starts -8.0% vs +15.7% last month (revised from 21.7% previously reported)In June, privately-owned housing completions reached a seasonally adjusted annual rate of 1,468,000, marking a 3.3% decrease from the revised May estimate of 1,518,000. YoY Housing completions are up 5.5% vs June 2022 rate of 1,392,000. The completion rate…

Traders keep track of variables and statistics to help them track their performance and identify areas for improvement. Common metrics include items such as net profit, win percentage, payoff ratio per trade, and largest drawdown. Now, I’d like to focus on some of the other forex performance metrics that tend to be overlooked but can provide critical insight into one’s trading: 1. Holding time Knowing how long on average you hold your trades will tell you what trading techniques and styles you’re most comfortable with, and it will help you determine whether you’re a short-term forex trader or a long-term trader.…

Share: Gold price has turned sideways around $1,980.00 as investors are awaiting a fresh trigger. The US Dollar Index sustains confidently above 100.00 despite an absence of supportive fundamentals. US Retail Sales for June showed a slowdown in consumer spending momentum. Gold price (XAU/USD) is demonstrating a non-directional performance on Wednesday after printing a fresh seven-month high above $1,980.00. The precious metal witnessed immense strength on Tuesday after US Retail Sales for June showed that consumer spending momentum has slowed down but is still sufficient to push the Federal Reserve (Fed) to raise interest rates further at its…

Biggest stock movers today: Carvana, Interactive Brokers and more Source link

Japanese Yen GBP/JPY Prices, Charts, and AnalysisUK inflation misses expectations but remains elevated.GBP/JPY technical outlook is turning negative. Recommended by Nick Cawley Get Your Free JPY Forecast GBP/JPY is in the process of printing a fourth lower high on the daily chart after the British Pound edged lower after the latest UK inflation report. The lower-than-expected CPI release saw UK terminal rate expectations dialed back from around 6.25% to just below 6%.UK (GBP) Breaking News: UK CPI Miss Troubles PoundThe technical outlook for GBP/JPY remains negative in the short-term with the daily chart showing the pair rolling over from the…

In case you missed it, annualized consumer price increases in the U.K. slowed down from 8.7% to a 15-month low of 7.9% in June. The core rate, which excludes volatile items such as energy and food, also eased from 7.1% to 6.9%. Both inflation rates are still waaay above the BOE‘s 2.0% target, but the progress is welcome to those who are worrying about the U.K.’s cost of living crisis. Decreased pressure on the BOE to extend its interest rate hikes weighed on GBP across the board. GBP/AUD 15-Minute Forex Chart by TV GBP/AUD, in particular, dropped from the 1.9180…

German DAX futures +0.3%UK FTSE futures +0.6%This continues the momentum from US trading yesterday, and the softer UK inflation numbers here should also help to relieve markets with bond yields set to fall in the session ahead. US futures are keeping steady, though little changed on the day so far. Source link

Share: Asian stock markets trade mixed; the risk appetite improves. BoJ Governor Kazuo Ueda is expected to maintain a dovish policy stance. Investors are concerned about the economic slowdown in China but have hope for a stimulus plan.  Asian stock markets trade mixed on Wednesday as investors digest better-than-expected results from Wall Street. The risk appetite improves on the outperformance of US banks in the earnings seasons, which boosts Wall Street benchmarks to reclaim the yearly top.  In Japan, the NIKKEI posts gains of 0.73%. Bank of Japan (BOJ) Governor Kazuo Ueda noted on Tuesday that there was…

This precious metal is testing a key support-turned-resistance zone once more! Will it keep holding this time? Here’s what I’m looking at on the 4-hour time frame. Gold (XAU/USD) 4-hour Chart by TV This safe-haven commodity has been climbing steadily so far this month, but it looks like the rally is hitting a roadblock at the $2,000 barrier. Now this area of interest is spanned by the 50% to 61.8% Fibonacci retracement levels, which might be enough to keep gains in check and send gold back down to the swing low near $1,900. After all, technical indicators are hinting that…

Gold, XAU/USD – Price Action & Outlook:XAU/USD rose sharply after US retail sales rose less than expected in June.Gold has met the bullish reverse head & shoulders pattern.What’s next for the yellow metal and what are the key levels to watch in XAU/USD? Discover what kind of forex trader you are Gold jumped after US retail sales rose less than expected in June which weighed on US Treasury yields and the greenback.Even though headline retail sales came in below expectations, underlying consumer spending appeared to be strong, thanks to a tight labour market. The mixed retail sales report follows softer…