Author: FX
Aussie bulls, unite! I’m seeing fresh opportunities to catch a breakout and a pullback on the 4-hour charts of AUD/JPY and AUD/USD. AUD/USD 4-hour Forex Chart by TradingView Hoping to catch a pullback on this uptrend? AUD/USD has been cruising inside an ascending channel with its higher lows and higher highs since late December. Another test of the channel bottom seems to be in the works, as the pair is retreating from the resistance around the .6950 minor psychological mark. Aussie bulls might be in need of a break, as Stochastic is already reflecting overbought conditions and looks ready to…
© Reuters. FILE PHOTO: Andrew Tate and Tristan Tate are escorted by police officers outside the headquarters of the Directorate for Investigating Organized Crime and Terrorism in Bucharest (DIICOT) after being detained for 24 hours, in Bucharest, Romania, December BUCHAREST (Reuters) – A Romanian court is due to rule on Tuesday on a challenge filed by Andrew Tate, an internet personality notorious for hate speech, against his 30-day arrest for alleged human trafficking and formation of an organised crime group to exploit six women. Tate, his brother Tristan and two Romanian female suspects were detained by Romanian anti-organised crime prosecutors on…
Tuesday's economic calendar Source link
With heightened attention being paid to Bank of Japan policy and the potential for a shift/tweak in the coming months, the data points of focus today were the Tokyo inflation rates for December. Tokyo’s inflation is seen as a guide to the whole of Japan inflation print which will be released on Friday January 20, local Japan date (Thursday evening the 19th GMT and US Eastern time).Headline and ‘core’ (excluding food) inflation came in at 4% y/y, while the core-core (excluding food and energy and the closest to US core CPI) came in at 2.7% All well above the Bank…
GBP/USD is facing stubborn barricades around 1.2200 as anxiety soars ahead of Fed Powell’s speech. The US Dollar Index (DXY) is aiming to extend its recovery to near the round-level resistance of 103.00. A bull cross, represented by the 20-and 50-period EMAs at 1.2040, adds to the upside filters. The GBP/USD pair is continuously facing heat in attempts of breaking above the immediate resistance of 1.2200 in the Asian session. The market mood has turned sour as risk-sensitive assets like S&P500 futures have extended their losses in Tokyo. Also, the 10-year US Treasury yields have escalated to near 3.54%. The…
Where my range traders at? I’ve got this simple EUR/GBP technical setup on my radar for today, so check it while it’s fresh! EUR/GBP 4-hour Forex Chart by TradingView Don’t look now, but this pair is testing the very top of its range on the 4-hour time frame! Will euro bears defend the ceiling? Or are we about to see a breakout soon? Technical indicators seem to be favoring a bullish scenario, as the 100 SMA is above the 200 SMA to reflect upside pressure. If EUR/GBP busts through the top of the range, we might be in for a…
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© Reuters. Bangko Sentral ng Pilipinas Governor Felipe Medalla poses for a photograph in his office at Manila, Philippines, November 18, 2022. REUTERS/Eloisa Lopez/Files MANILA (Reuters) – Philippine inflation is likely to be closer to 3% in late-2023 and in 2024, central bank governor Felipe Medalla said on Tuesday. Medalla, speaking at a media forum, also said the economy remained strong and that pent-up domestic demand will continue driving growth. “By the third quarter of this year, inflation will be back to normal,” he said. Annual inflation soared to 8.1% in December, the highest since 2008, bringing the full-year average…
A Bloomberg (gated) report late Monday citing unnamed people familiar with the situation.Says Chinese officials are considering setting a record quota for special local government bonds this year and expanding the budget deficitThis is part of further fiscal support for the recovering economy. Authorities are considering raising the previous record of 3.75 trillion yuan for special local government bond quotaAlso, a deficit target around 3% of GDP is being considered, higher than 2022’s 2.8%.—The total number of fresh bond sales that may be sold each year is constrained by the yearly quota.Last year the actual issue of special bonds surpassed…
US inflation expectations as per the 10-year and 5-year breakeven inflation rates per the St. Louis Federal Reserve (FRED) data appear to challenge the hopes of easy Fed rate hikes, which in turn justify the US Dollar’s latest rebound. That said, the US Dollar Index (DXY) bounces off a seven-month low to 103.30 as it snaps a two-day downtrend amid recently hawkish Fed talks. It’s worth noting that the latest prints of the 5-year and 10-year inflation expectations portray a stead print of 2.18% and a recovery to 2.22% respectively. On Monday, the Federal Reserve Bank of New York’s monthly Survey of…