Author: FX
POUND STERLING TALKING POINTSWeak UK economic data has left the pound vulnerable..U.S. data under the spotlight.200-day SMA breach could suggest further downside to come. Recommended by Warren Venketas Get Your Free GBP Forecast GBP FUNDAMENTAL BACKDROPThe British pound is trading marginally higher this Friday on the back of a slightly weaker U.S. dollar. Yesterday’s miss on UK GDP (both YoY and QoQ) brought about the first quarter of negative growth for the UK economy in 2022 and will bring much focus on the Q4 release next year – a technical recessions consists of 2 consecutive quarters of negative growth. In…
GDP +4.4% vs +3.8% y/y prelimA light revision lower as the Spanish economy managed to grind out a measly growth in activity in Q3. The initial post had a bit of an error as the Reuters print was inaccurate and subsequently corrected:ADVERTISEMENT – CONTINUE READING BELOW Source link
Trading Global Markets, Central Banks, Inflation, Globalization – Talking PointsTraders tend to stick with their home markets in the early daysAccess to global assets has never been easierBut increasing fragmentation could pose risks Recommended by David Cottle Traits of Successful Traders Traders tend to focus on their domestic markets at the start of their careers. That’s natural and understandable enough. Local knowledge of conditions and market dynamics is likely deeper, the essential feeling of being plugged into the economic news cycle that much stronger. At the most basic level we all make more confident decisions when we feel we have…
Momentum trading is one of the most viable ways to trade the forex market. In fact, there are many professional profitable traders who include momentum as part of their main criteria when making a trade decision. Momentum trading is simply a technique in trading wherein traders would make a trade in the direction of the most recent strength or price. In physics, momentum is a factor of speed and mass. The same is true in trading, except that instead of mass, traders look for volume. In other words, momentum trading is trading in the direction where price has recently moved…
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© Reuters. FILE PHOTO: U.S. Secretary of State Antony Blinken meets with Chinese State Counsellor and Foreign Minister Wang Yi during the 77th United Nations General Assembly in Manhattan, New York City, U.S., September 23, 2022. REUTERS/David ‘Dee’ Delgado/Pool BEIJING (Reuters) – The United States must stop suppressing China’s development and should not continue the “old routine of unilateral bullying”, Chinese Foreign Minister Wang Yi told U.S. Secretary of State Antony Blinken, according to a press statement. “The U.S. should not challenge China’s red line in a “salami slicing” manner,” Wang also told Blinken in a phone call, according to…
Caterpillar advanced 41.28% in the past three months and 19.16% year-to-date. That’s ahead of the S&P 500’s gain of 2.47% in the past three months and its decline of 18.68% year-to-date. Meanwhile, Deere is up 26.57% in the past three months and 29.76% year-to-date. 5 stocks we like better than Caterpillar. You may think of equipment makers Caterpillar Inc. (NYSE:CAT) and Deere & Company (NYSE:DE) as literally moving slowly, but these heavy equipment stocks outran the S&P 500 throughout 2022 and pulled into a sprint to end the year. Despite its name, Caterpillar hasn’t exactly been crawling. The stock advanced…
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…
Russian Deputy Prime Minister Alexander Novak said on Friday, “Russia may cut oil output by 5-7% in early 2023 as it responds to western price caps.” “Russia may cut Oil output by 500,000-700,000 barrels per day,” reported TASS. Earlier in the day, Reuters unveiled hopes of a cut in Russian Russia’s Baltic oil exports and triggered the rebound in the WTI crude oil prices. “Russia’s Baltic oil exports could fall by 20% in December from the previous month after the European Union and G7 nations imposed sanctions and a price cap on Russian crude from Dec. 5, according to traders and Reuters calculation,”…
© Reuters. Ukraine’s President Volodymyr Zelenskiy greets U.S. House Speaker Nancy Pelosi (D-CA) while U.S. Vice President Kamala Harris applauds during a joint meeting of U.S. Congress in the House Chamber of the U.S. Capitol in Washington, U.S., December 21, 2022. By Idrees Ali and Jonathan Landay WASHINGTON (Reuters) – For President Volodymyr Zelenskiy, his surprise visit to Washington this week was a clear success: he returns to Europe with new financial and military commitments from the United States and bipartisan support for Ukraine’s war with Russia. But the visit also leaves several key questions unanswered, including how U.S. military…