Author: FX

Pre-FED anxiety is the mood today as markets await the key interest rate decision from the U.S Dollar The Greenback rolls into midweek trading at a monthly low (102.82) ahead of a big day for the US economy. Factors driving this disinterest from buyers of the US currency can be attributed mainly to the pre-FED anxiety that is generally seen in markets ahead of today’s Interest Rate decision. Following a five-day downtrend since the recent banking crisis, potential buyers of the currency will be looking for any hawkish undertones from the FED today, as well as any clues relating to…

Regulators and industry players highlighted several implications and potential impacts of the European Union’s Markets in Crypto-Assets (MiCA) regulation at the Paris Blockchain Week 2023. A panel titled “MiCA: How is the EU Regulating Crypto?” delved into the proposed MiCA regulation, which is expected to take effect in 2024. The 400-page regulatory guidelines for cryptocurrencies and digital assets have been a major talking point across the continent.Unpacking MiCA and its implications — a panel discussion featuring industry experts and regulators at Paris Blockchain Week 2023. Continue Reading on Coin Telegraph Source link

As silly as it sounds, the fear of success is as real as the fear of failure for some forex traders. In fact, I would argue that it is more detrimental than the latter because it is rooted in the subconscious. Everybody says they want to be successful, but some people fear the changes that success may bring. The idea is not as silly as it sounds if you really think about it. With success comes higher expectations. Take for example an athlete who just ran a mile in under six minutes. Chances are that the athlete will set the bar high on his…

The higher-yielding Kiwi staged quite a turnaround from its earlier selloff, but will the rallies last? Or will the FOMC turn risk sentiment around? Before moving on, ICYMI, yesterday’s watchlist checked out a triangle breakout on CAD/JPY as risk appetite returned. Be sure to check out if it’s still a valid play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: Canadian headline CPI fell short of estimates with 0.4% m/m increase in February vs. estimated 0.5% gain, bringing year-over-year figure down to 5.2% Rebound in U.S. bond yields…

GBPUSD, H1 UK inflation surged higher ahead of BoE. The data came in much higher than anticipated, with Headline CPI hitting 10.4% from 10.1% last month, 0.6% higher than the expected decline to 9.8%. Most worrying for policymakers will be the jump in core inflation from 5.8% to 6.2% y/y. The RPI, which is still important for wage negotiations, but also interest payments on inflation linked government bonds, is now a whopping 13.8%. PPI output price inflation slowed more than anticipated, but at 12.1% remains extremely high and suggests that further price increases are in the pipeline. The data will likely force the…

Stocks Rallied! Asian stock markets have followed Wall Street higher, GER40 and UK100 futures are also posting slight gains, while US futures are narrowly mixed as markets wait for the FOMC announcement later today. Even though concern over global financial stability is easing and risk appetite has improved, with central banks expected to tighten policy further there is still some nervousness ahead of the announcement, as fears that aggressive action will add further pressure continue to weigh. UK inflation surged higher ahead of BoE. The data came in much higher than anticipated, with CPIH rising to 9.2% y/y from 8.8%…

Welcome to mid-week trading, errbody! If you’re looking for GBP setups to trade this week then you’re in luck. GBP/USD just bounced from a shallow Fib retracement while EUR/GBP looks ready for a countertrend move! GBP/USD 1-hour Forex Chart by TradingView First up is a nice and simple short-term uptrend for Cable. GBP/USD just bounced from the 1.2200 psychological level, which was not far from last week’s highs, the 38.2% Fibonacci retracement of this week’s upswing, and the trend line and moving average support zones on the 1-hour time frame. Think GBP/USD can make new intraweek gains in the next…

Federal Open Market Committee (FOMC) previews:Other The Australian and New Zealand dollars recovered some ground after their falls on Tuesday. AUD/USD fared better, while NZD/USD has been stymied ahead of 0.6200. Its currently just under there as I post and threatening to make a liar out of me. There was basically no news of impact for either. A shipment of Australian coal has arrived in China, but this was expected. There has been some thawing in chilly Australia-China relations. EUR/USD barely moved. USD/JPY rallied to circa 132.75 before dipping back to be little net changed on the session. GBP/USD is…

Share: Natural Gas price retreats after bouncing off one-month low the previous day. Hopes of more energy demand, geopolitical fears earlier allowed XNG/USD to rise. Pre-Fed anxiety joins China President Xi’s failure to confirm more gas pipelines from Russia to probe buyers. Risk catalysts, EIA inventories will be important for clear directions. Natural Gas (XNG/USD) price struggles to keep the previous day’s rebound from the monthly low as global markets turn lackluster ahead of the key Fed monetary policy meeting on Wednesday. Also challenging the XNG/USD price could be the recent headlines from China and the cautious mood…

New Concept Energy GAAP EPS of $0.04, revenue of $0.21M Source link