Author: FX

Masimo gains after winning patent ruling related to Apple Watch Source link

The Dollar continues to retreat on the back of Chair Powell’s speech & ahead of US CPI data this week Dollar The Dollar finds itself bouncing off a 7-month low midweek, on the back of an important speech by FED chair Jerome Powell. The speech failed to inspire bullish impetus, mainly because it lacked any clear direction for the US central bank’s next moves concerning its stance on interest rate decisions. The main takeaway from the comments made were centred mostly around complementing and doubling down on the FED’s moves in the past year in their fight against stubborn and…

EUR/GBP ANALYSIS & TALKING POINTSECB continues to dance to the hawkish tune, providing a tailwind for the euro against a more subdued GBP.U.S. CPI may provide some impetus ahead of Friday’s key UK and EZ centric data.Breakout looming on daily EUR/GBP chart. Recommended by Warren Venketas Get Your Free EUR Forecast FUNDAMENTAL BACKDROPThe euro extended yesterday’s gains against the British pound through ECB officials beginning yesterday. The hawkish narrative was reinforced by one of the more aggressive officials in Isabel Schnabel while today’s addresses included the ECB’s Villeroy who stated the need for additional interest rate hikes in the coming…

In terms of technical analysis for the Dow Jones, the NFP and the ISM Services PMI reports on Friday gave the market the ultimate push to break the resistance zone that was keeping the market in a rangebound price action since Christmas holidays. Moreover, Fed Chair Powell on Tuesday didn’t touch on monetary policy or recent economic data, leaving the market free to move on its own expectations.The US CPI report on Thursday will be an important event for the market. Another miss should keep the bullish bias intact as the market will expect the Fed to hike by 25…

Can stronger than expected Australian data keep the uptrend going on AUD/CHF? Here are the levels I’m watching. Before moving on, ICYMI, yesterday’s watchlist checked out AUD/CAD’s pullback setup ahead of BOC Governor Macklem’s remarks. 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: New Zealand commodity prices dipped 0.1% m/m in Dec – ANZ Australia’s CPI rose from 6.9% to 7.3% y/y in Nov vs. 7.2% forecast Australian retail sales surged 1.4% m/m in Nov vs. 0.6%…

UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting assess the recently published labour market report in Malaysia. Key Takeaways “Malaysia’s labour market posted a more moderate improvement in Nov, with the unemployment rate holding unchanged at 3.6% for the second straight month. The labour force participation rate advanced to an all-time high of 69.8% (from 69.7% in Oct) following a persistent increase in the size of the labour force (Nov: +25.9k or +0.2% m/m to 16.71mn persons vs Oct: +26.3k or +0.2% m/m to 16.68mn).” “Total employment also saw a slower gain of 27.1k or 0.2% m/m…

Introduction to the Predict Indicator One of the most common types of indicator that new traders would want to find is an indicator that produces reliable trade signals. The Predict Indicator is one of the many trade direction signal indicators that traders can use. It can be an effective signal indicator when used in confluence with other technical indications. What is the Predict Indicator? The Predict Indicator is a momentum following signal indicator which provides momentum reversal trade signals, as well as indications of flat market conditions. This indicator is plots diamond symbols to indicate a trade signal. It plots…

Treasuries were more unidirectional while Yields have crept higher led by the long end. The curve has bear steepened to -65.6 bps from -68 bps Monday and -74 bps before Friday’s data. Wall Street was very choppy, trading either side of unchanged, after a positive opening. Chair Powell did not comment on policy matters in his Riksbank remarks. But Governor Bowman echoed hawkish comments from others of late. Gains had been shed as the market is pushed and pulled by crosscurrents of Fed policy dynamics, recession uncertainties, and upcoming earnings reports. Stock markets moved higher…

Think bitcoin and its crypto buddies could make a comeback this year? Here’s a potential breakout setup you might wanna keep tabs on. Bitcoin (BTCUSD) 4-hour Chart by TradingView Cryptocurrencies have been out of the limelight for some time, following a pretty disappointing run last year. But will 2023 be kind to bitcoin? This triangle consolidation pattern visible on the 4-hour time frame might hold some clues, as the direction of the breakout could dictate longer-term price action for BTC/USD. Price is already testing the triangle resistance around $17,500 and a break higher could set off a climb that’s the…

TechnipFMC secures 'significant' contract by Wintershall Dea Source link