Author: FX
Share: Economists at Nordea continue to see further hikes at least from the ECB, and think financial markets are pricing in too many rate cuts ahead. Premature peak predictions “Earlier tightening measures are having a clear impact on financing conditions, banking worries in the US continue, but at the same time, inflation numbers remain way too high. There are clearly risks both ways, but we think at least the ECB will hike rates several times further, and do not see rates falling as rapidly as being priced in by financial markets.” “Lagarde was clear that the ECB is…
Why do you trade forex? Let me guess… Because you want to make a ton of money and be able to buy anything you wish? While this is a perfectly valid reason, it will most likely lead to excessive greed and ultimately lead to your trading account’s destruction. You might as well take your money to Vegas and gamble it away instead. Greed is the worst motivation for trading. The market will always punish greed and will reward moderation. There is a fine line between traders and gamblers. When there is real money on the line, there are always those who take blind…
EUR/USD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free EUR Forecast READ MORE: Crude Oil Weekly Forecast: Oil Eyeing Further Recovery as Recession and Demand Fears PersistEUR/USD FUNDAMENTAL BACKDROPEURUSD ticked higher this morning following the European open having held above the psychological 1.1000 level last week. Euro bulls do appear slightly exhausted with the 1.1100 level proving a hurdle too far at present.Friday delivered further positives for the US labor market with a positive NFP followed by strong unemployment and growing hourly earnings data. Despite the data market participants held back from adjusting their expectations for the…
Supremex acquires Graf-Pak Source link
The approval of the National Blockchain Policy for Nigeria has left the nation’s crypto community over the moon as it signals room for more development in the nation’s crypto industry. Some local experts have expressed their opinions about the implications of this new policy and the blockchain ecosystem in Nigeria. The government of Nigeria approved a National Blockchain Policy during a meeting on May 3, 2023. A policy draft stated that blockchain and decentralized ledger technology would “facilitate the development of the Nigerian digital economy.” Cointelegraph contacted the local blockchain ecosystem to understand how the industry and the community accept…
Gather ’round, dollar traders! We’ve got the U.S. CPI readings lined up this week, so this might be your chance to catch big moves off USD pairs. Event in Focus: U.S. headline and core CPI readings for April 2023 When Will it Be Released: May 10, 2023 (Wednesday), 12:30 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: U.S. headline consumer price index m/m: 0.4% forecast vs. 0.1% previousU.S. headline consumer price index y/y: 5.0% forecast vs. 5.0% previousU.S. core consumer price index m/m: 0.3% forecast vs. 0.4% previous Relevant Data Since…
Trading Leveraged Products is risky The USD continues under pressure (USDIndex 100.88) after a monumental week saw the FED & ECB’s 25 bp hikes (could it be the last from the FED?), another US bank failure, a jobs report beat, (253k vs 181k) and better than expected earnings, especially, from the biggest of all companies – Apple. Stocks rallied on Friday, and have followed through in Asia today, Yields cooled again with the AUD and NZD outperforming. The UK and France are closed on quiet data day. Berkshire Hathaway announced $35.5bn profits Week Ahead Topped by US CPI data…
Share: Silver oscillates in a narrow trading band through the first half of trading on Monday. The technical setup favours bullish traders and supports prospects for further gains. A convincing break below the $24.50-40 area is needed to negate the positive bias. Silver fails to capitalize on Friday’s bounce from the 200-hour Simple Moving Average (SMA) and oscillates in a narrow trading band through the early European session on the first day of a new week. The white metal currently trades around the $25.65-$2,5.70 region, nearly unchanged for the day, though the technical setup favours bullish traders. The…
There are many ways to trade a trend continuation strategy in a trending market condition. Trading on pullbacks using a Dynamic Area of Support or Resistance is probably one of the simplest ways traders may trade such type of trading strategy. The only element of the trade setup that a trader would need after determining the area where price would pull back towards is the trade entry. The strategy below shows us how we can use the OsHMA Indicator as a trade entry signal when used in a trend continuation type of strategy. OsHMA Indicator The OsHMA Indicator is a…
US Dollar, DXY Index, USD, US Jobs, Crude Oil, Gold, CPI, AUD/USD – Talking PointsThe US Dollar is struggling to hold ground despite higher Treasury yieldsSentiment has improved on hopes of a soft landing for the US economyThe USD remains trapped in a range. Will the DXY index bounce? Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The US Dollar’s vulnerability has continued to start this week after sliding lower to close out last week. This is despite 253k non-farm US jobs being added in April,…