Author: FX

USD/JPY gains some positive traction, though remains confined in a familiar trading range. The mixed fundamental backdrop is seen holding back traders from placing aggressive bets. A convincing break below ascending trend-line support will set the stage for deeper losses. The USD/JPY pair attracts some dip-buying near the 129.20 region on Monday and climbs to a fresh daily top heading into the North American session. Spot prices, for now, seem to have stabilized above the 130.00 psychological mark, though remain well within a familiar trading range held over the past one-and-half week or so. A goodish pickup in the US…

The BoE is facing a very difficult situation, and while the recession may not be quite as bad as feared initially, it will likely be pretty protracted. There are also signs that medium term growth potential is lower than previously thought. Inflation is coming down faster than initially expected, at least in the headline numbers. While it is a close call, we see a good chance for a downgrade in the BoE’s tightening cycle, and a move to 25 basis point steps on Thursday.   Unlike the ECB, the BoE delivered a rather cautious hike in December, and two MPC…

EUR/USD Price, Chart, and AnalysisGerman Q4 GDP misses expectations and turns negative.EUR/USD is back above 1.0900 ahead of major data and events. Recommended by Nick Cawley Get Your Free EUR Forecast Most Read: EUR/USD Technical Outlook: Minor Setback on the Cards?German gross domestic product (GDP) turned negative in the fourth quarter of 2022 according to the latest data from the Federal Statistical Office of Germany, Destatis. German Q4 GDP was expected flat and today’s reading will add to concerns that recent positive market sentiment may be short-lived.‘The gross domestic product (GDP) fell by 0.2% in the fourth quarter of 2022…

Edwards Lifesciences slips as Piper downgrades on challenging setup Source link

It is said that it takes approximately 21 days to create a new habit. Have you successfully stuck to the habits that you said you would at the start of the year? If you haven’t, then here are a few tips that might help you get closer to your goals: 1. Be specific Promising to “eat healthy” or “spend less on DoorDash” is not enough. How many calories will you cut from your current diet? How many times a week will you cook at home instead of ordering food online? How long will you implement these changes until you review…

USD/JPY Price, Charts and Analysis: Recommended by Zain Vawda Get Your Free JPY Forecast Most Read: Dollar Yen Forecast: USD/JPY Remains Conflicted Around 130.000USD/JPY FUNDAMENTAL BACKDROPUSD/JPY has struggled to hold onto any meaningful gains above the psychological 130.00 level. Yen strength has been capped by dovish sounding comments from the BoJ governor which has kept the pair in a narrow trading range for the past week.BoJ Governor Kuroda continues to stand by his easy monetary policy stance. This comes as traders grow optimistic that growing inflation will result in a hawkish shift from BoJ. Any further hawkish shift from the…

Market pictureBitcoin rose 5.3% last week to close at $23.8K. On Sunday, the first cryptocurrency was one step away from $24K, updating its high since August. Ethereum gained 0.9% to $1640. Top-10 leading altcoins have gained between 2.7% (Dogecoin) and 18.8% (Polygon).Total cryptocurrency market capitalisation rose 4.4% to $1.08 trillion over the week, according to CoinMarketCap. The cryptocurrency fear and greed index reached the greed zone for the first time since late March last year.Bitcoin is gradually approaching its key moving averages. The 200-week is just above $24.7K, and the 50-week is now at $24.5K. A break below these levels…

Amazon earnings are due out this week for Q4 2022 and expectations are for an EPS of 0.17 and revenue of $145.77 billion. Since the start of the year, Amazon has been preparing for a coming global turndown by cutting 18,000 jobs which was an increase of the 10,000 reported at the end of last year. This is the largest round of job cuts in Amazon’s history and the majority are due to come from their core retail and HR departments. Bloomberg reports that shareholders are concerned about the amount of money Amazon is losing in its core retail business.…

– Reviewed by James Stanley, Nov. 24, 2021Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Traders of all levels should have a solid grasp of what forex leverage is and how to use it responsibly. This article explains forex leverage in depth, including how it differs to leverage in stocks, and the importance of risk management.What is leverage in forex trading?Leverage in forex is a useful financial tool that allows traders to increase their…

London -0.28%Germany -0.41% France -0.56% European bond yields push higher after Spanish inflation dataThe pan-European Stoxx 600 down -0.62% shortly after the open, with all sectors bar telecoms in the red. Tech led losses.Coming up in the session: German Prelim GDP in queue at 4.00 am ET.In the bond market, The yield on US 10-year Treasuries was up two basis point to 3.53%.Germany’s 10-year yield was up five basis point to 2.30%.Britain’s 10-year yield was up two basis point to 3.35%. Source link