Author: FX
Trading Leveraged Products is risky China Stock market returns from Luna New Year break. Chinese stocks rose while most other Asian equities fell as investors looked to interest rate decisions scheduled this week in the US, UK and Europe and busy earnings agenda. Nikkei ended at a more than 1-month high today. Global Stocks excluding China are lower, USD steady and Yields picked up. European & UK FUTS also lower. The rout in India’s Adani Group is weighing on sentiment while the December income report showed cooling in income, a drop in spending, and deceleration in the annual measures of…
Bullish on U.S. equities lately but missing out on the rallies? Check out these potential pullback levels on the S&P 500 index! I’m seeing opportunities to catch a shallow retracement or a larger channel correction. S&P 500 Index (SP500) 1-hour Chart by TradingView This equity index has been forming higher lows and higher highs since the beginning of the year! Right now, it’s cruising inside an ascending trend channel and testing the resistance. If another pullback is in order, I’m keeping an eye out for tests of nearby support zones. In particular, I’m watching out for a bounce off the…
Japan yet to foresee stable inflation, sustainably hit 2% target backed by wage growthThese aren’t anything new as the narrative now is that the BOJ is not going to see any imminent policy changes until after Kuroda finishes his term as governor on 8 April. Source link
NZD/USD is facing hurdles in shifting its auction above 0.6500 amid a recovery in the USD Index. Softening consumer spending has bolstered the expectations of a smaller interest rate hike by the Fed. This week, the release of the NZ Employment data will be of utmost importance. The NZD/USD pair is failing in keeping its auction above the psychological resistance of 0.6500 in the early European session. The Kiwi asset is facing pressure as the US Dollar index (DXY) has shown a perpendicular recovery move after a sheer decline to near 101.40. The recovery move in the USD Index is…
Amazon, Polygon (MATIC/USD), and GBP/USD are hitting major resistance levels on their daily time frames! Will we see rejections in the next few days? Or can bulls execute breakouts for them assets? Let’s take a closer look at their charts! Amazon.com, Inc (AMZN): Daily Amazon.com, Inc (AMZN) Daily Chart by TradingView Breakout alert! In case you didn’t notice, Amazon broke above a months-long trend line resistance a few weeks ago. But before you price in the reversal of a long-term downtrend, you should also note that the stock is approaching the tricky 102.00 – 107.00 zone that may rain on…
© Reuters. FILE PHOTO: A man walks past Bank of Japan’s headquarters in Tokyo, Japan, June 17, 2022. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – A panel of academics and business executives on Monday urged the Bank of Japan to make its 2% inflation target a long-term goal, instead of one that must be met as soon as possible, in light of the rising cost of prolonged monetary easing. In the proposal, the panel also called for the need to have interest rates rise more in line with economic fundamentals, and normalise Japan’s bond market function. The panel includes members such…
US Dollar, DXY Index, USD, Fed, FOMC, China, CSI 300, Hang Seng – Talking PointsThe US Dollar remains range bound as the Fed meeting loomsAn impending tightening by the BoE and ECB also clouds expectationsChina’s re-opening might provide a bright spot. Will that send the DXY index lower? Recommended by Daniel McCarthy Get Your Free USD Forecast The US Dollar continues to tread water to start the week ahead of the Federal Open Market Committee (FOMC) meeting on Wednesday.The market is anticipating a 25 basis point (bp) lift in the target rate. Friday’s PCE inflation data suggests that a slowing…
It’s gonna be a busy NFP week, as three central bank decisions are also coming up! Not only do we have the FOMC statement, but we’ll hear from the folks over at the BOE and ECB, too. Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched potential market movers this week: Major Economic Events: New Zealand quarterly employment change (Jan. 31, 9:45 pm GMT) – First to rock the forex boat this week might be New Zealand’s economic data, as the country…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
As per the latest weekly update from China’s Center for Disease Control and Prevention (CDC), reported by Reuters, “China’s current wave of COVID-19 infections is nearing an end, and there was no significant rebound in cases during the Lunar New Year holiday.” The news also quotes an anonymous CDC official as saying, “The number of severe COVID cases and deaths was also trending downward.” Also read: China Cabinet aims to boost consumption and imports Market reaction The news should have underpinned the AUD/USD upside due to the likely positive impact on the market sentiment amid China-linked optimism. However, the Aussie pair…