Author: FX

Traders often look for opportunities to make it big in a single trade. At the same time, traders also want to trade in this manner consistently. Trading with high yields mean having high risk-reward ratios. On the other hand, trading with high consistency and accuracy means that the trader is trading with a high probability strategy and as a result has a high win rate. It is all well and good to be aiming for excellence on both ends. However, it is not usually the case. Often, traders would have to pick one or the other. Traders either go with…

<p style="" class="text-align-justify">He says that they had previously had the presumption that the economy would evolve as they thought it would, which would have warranted a series of aggressive rate hikes and he also highlighted on the removal of the word "forceful" – which I highlighted <a href="https://www.forexlive.com/centralbank/boe-raises-bank-rate-by-50-bps-to-400-as-expected-20230202/" target="_blank" rel="follow">here</a>.</p><p style="" class="text-align-justify">The headline remark has sent the pound to fresh lows with EUR/GBP hitting 0.8955 and GBP/USD just under 1.2270 on the day.</p> This article was written by Justin Low at www.forexlive.com. Source link

POUND STERLING TALKING POINTSGBP on offer after BoE’s 50bps rate hike.Wording in MPC report less aggressive than prior releases.Pullback on GBP/USD on the cards. Recommended by Warren Venketas Get Your Free GBP Forecast GBP FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The Bank of England’s (BoE) has expectedly hiked interest rate by 50bps this Thursday with a vote split of 7 in favor of a rate hike while the BoE’s Tenreyro and Dhingra opted to keep rates unchanged as was the case in…

The Dollar has broken to new lows for the year. Economists at ING expect the US Dollar Index (DXY) to dip toward 100 level. Lower volatility will support the carry trade “Positioning is probably the biggest factor preventing a further Dollar decline right now, but the benign macro story does favour DXY continuing to drift lower to the 100 area.”  “Lower volatility in the rates space will be feeding into lower FX volatility. Assuming no major fireworks from today’s ECB/BoE meeting or tomorrow’s US jobs report, lower volatility will support the carry trade. Here, we like the Mexican Peso where…

USD/JPY AnalysisRisk assets rally after FOMC on encouraging disinflation admission, appearing to ignore the warnings that accompanied itNarrowing rate differential suggests USD/JPY trend continuationUSD/JPY technical analysis and levels to watch ahead of NFP dataThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow See what our analysts foresee in the yen for Q1 Risk Assets Rally After FOMC Inflation AdmissionJerome Powell had a lot to say during the press conference after last night’s FOMC decision to hike the Federal Funds rate by…

onurdongel TotalEnergies (TTE) and Air Liquide(OTCPK:AIQUF) (OTCPK:AIQUY) to develop a network of hydrogen stations, geared towards heavy duty vehicles on major European road corridors. This will aid goods transportation and further strengthening the hydrogen sector. The partners aim to deploy more than 100 hydrogen stations on major European roads and these stations, under the TotalEnergies brand, will be located on major strategic corridors. TotalEnergies (TTE) will bring its expertise in the operation and management of stations networks and the distribution of energies to BtoB customers; wheras, Air Liquide (OTCPK:AIQUY) will contribute with its expertise in technologies and its mastery of…

US Dollar (DXY) Price and Chart AnalysisUS Treasury yields slump post-FOMC meeting.Friday’s NFPs are the next obstacle for the bulls to negotiate. Recommended by Nick Cawley Introduction to Forex News Trading Most Read: US Dollar Latest: Weak Rebound Off the Multi-Month Low, Slowdown Fears GrowThe chairman of the Federal Reserve, Jerome Powell, gave the markets a dovish nudge yesterday by stating in his post-FOMC press conference that the ‘disinflationary process has started…We can see that and we see it really in goods prices so far’. This is the first time in many months that Powell has given the markets even…

Stocks are extending gains in the opening hour of trade in Europe with the Eurostoxx now up 1.2%, the DAX up 1.5%, and CAC 40 up 1.1% on the day. We’re also seeing US futures run higher with S&P 500 futures now up 27 points, or 0.7%, currently:This is a continuation of the post-Fed optimism from yesterday as we see Powell & co. cave in to the market’s outlook on recent inflation developments. As long as the data continues to stay the course as it has been in recent months, it will vindicate the optimism in risk trades. That’s the…

GBP/USD snapped a three-day losing streak on Wednesday. Economists at ING believe that the pair could race higher toward the 1.2450/2500 region. EUR/GBP could push up to the 0.90/91 area later in the year “Benign global conditions are supportive for the risk-sensitive Sterling and suggest GBP/USD could make a run at the 1.2450/2500 area this week.” “EUR/GBP has drifted higher again. On balance, we would favour continued outperformance given the greater scope for convergence in Eurozone and Sterling rates at the shorter end of the curve.”  “EUR/GBP may end the quarter near 0.89, but push up to the 0.90/91 area…

Stocks surged, Yields dove sharply, the US Dollar slumped, on Wednesday while they are holding their gains/losses so far today as well. The FOMC delivered the 25bp rate hike as expected, reaching 4.75%, an eighth straight hike. The moderation & the lack of anything new or overly hawkish  from Powell’s comments and when he acknowledged progress in the fight against inflation opened the door for bulls and a healthy short covering rally, eventhough he stressed that the labor market remains “extremely tight” and that inflation remains “well above our longer-run goal.” Markets remain convinced that a widely expected recession is likely…