Author: FX

Stocks and bonds corrected higher on Tuesday as the deceleration in ECI energized short covering and boosted risk appetite. Global Stock market finished solid. Earnings were mixed, but a lot of bad news has been digested, opening the door for bargain hunting. Treasury yields declined, led by the front end as the market senses rate hikes are coming to an end. Month-end buying also contributed. Along with ECI, the calendar included further declines in home prices, a drop in consumer confidence, and a slide in the Chicago PMI. UK: UK house prices inflation slowing down, shop…

© Reuters. Members of the Incident Management Team coordinate the search for a radioactive capsule that was lost in transit by a contractor hired by Rio Tinto, at the Emergency Services Complex in Cockburn, Australia, in this undated handout photo. Department of Fi By Lewis Jackson and Melanie Burton SYDNEY (Reuters) – Australian authorities on Wednesday found a radioactive capsule smaller than a coin that was lost in the vast Outback after nearly a week-long search along a 1,400 kilometres (870 miles) stretch of highway, officials said. The Caesium-137 capsule was discovered when a vehicle travelling at 70 kms per…

Later today at 7:00 pm GMT, the Fed will publish its latest policy decisions. Word around is that Powell and his team will raise their interest rates by 25 basis points to 4.75%, which is pretty high but not as hawkish as the central bank’s previous 50 and 75 bps rate hikes. More importantly, markets believe that Gov. Powell will put on his hawkiest feathers and do his best to discourage traders into thinking that a slowdown in rate hikes means that the Fed is almost done tightening its policies. EUR/USD 1-hour Forex Chart by TradingView Before the Fed’s decision…

NZD/USD is scaling towards 0.6450 as the USD Index has retreated after a short-lived pullback. Federal Reserve is widely anticipated to announce a 25 bps interest rate hike to 4.50-4.75%. Reserve Bank of New Zealand might continue its hawkish stance despite weak Employment data. NZD/USD is testing the consolidation breakdown and is likely to display a fresh downside ahead. NZD/USD has stretched its recovery above the critical resistance of 0.6440 in the early European session. The Kiwi asset displayed a recovery move after testing Tuesday’s low around 0.6415 due to subdued performance by the US Dollar Index (DXY). The USD…

Welcome to a brand-new trading month, errbody! Jumpstart February with a look at these trend continuation setups on Netflix (NFLX) and EUR/AUD. Better keep your eyes on these pullback levels. EUR/AUD 4-hour Forex Chart by TradingView Don’t look now, but EUR/AUD already looks ready to resume its slide! The pair has been cruising lower inside a descending channel on the 4-hour time frame and is currently hitting a ceiling at the 38.2% Fib. A higher pullback could still reach the 61.8% level closer to the channel resistance near the 1.5600 handle, but Stochastic is suggesting that bears are returning. In…

USD/JPY 130.50 ($635.6mn)128.00 ($616mn)EUR/USD 1.0900 (EU1.99bn)1.0885 (EU1.22bn)1.0800 (EU800.7mn)USD/CNY 6.8200 ($1.1bn)6.7400 ($1bn)USD/CAD AUD/USD 0.7185 (AUD1.05bn)0.7000 (AUD572.1mn)0.6920 (AUD526.7mn)GBP/USD nothing remotely close to spotEUR/GBP 0.8700 (EU765.9mn)0.8800 (EU510mn)For more information on how to use this data, you may refer to this post here. Source link

Wednesday's economic calendar Source link

Gold, XAU/USD, US Dollar, FOMC, DXY Index, ECB, BoE, Crude Oil – Talking PointsThe gold price is steady today as markets await central banks actionsThe US Dollar tried higher but pulled back into the range amid uncertaintyThe market is eyeing today’s FOMC meeting. What will it mean for XAU/USD? Recommended by Daniel McCarthy Get Your Free Gold Forecast Gold had a look lower at the US$ 1,900 handle in the US session but quickly recovered back above US$ 1,925. At the same time, the DXY Index, a benchmark measure of the US Dollar, moved to higher ground before collapsing into…

Founder of “My Big Coin” Randall Crater has been sentenced to 100 months in prison and ordered to pay over $7.6 million to the victims of his fraudulent scheme. The U.S. Department of Justice said on Jan. 31 that Crater was sentenced by United States District Court Judge Denise Casper in Massachusetts. Randall Crater’s LinkedIn account photo. Image: LinkedIn Continue Reading on Coin Telegraph Source link

Major forex rates traded in limited ranges during the session here with traders awaiting the Federal Reserve statement and Powell’s following news conference. ICYMI, previews posted already:News flow of any relevance was basically absent. We did get some data flow though. The New Zealand labour market report for Q4 2022 (official NZ jobs data is published once a quarter) showed a slight slackening in labour market tightness. ANZ reaffirmed its call for a 50bp rate hike from the Reserve Bank of New Zealand at the February 22 policy meeting. BNZ lowered its forecast to 50bp from its previously expected 75bp…