Author: FX

Most traders know about momentum trading, trend reversals and trend following trading strategies. However, many traders overlook mean reversal trading. This is because mean reversal trading strategies often do not carry as much allure to it as the other types of trading strategies. While trend following and trend reversal strategies often offer high yields for a single trade setup, mean reversal strategies bank on lower yields on each trade with a higher percentage of wins. This steady but surely approach might not be as exciting as winning the lottery approach, it is a viable way to trade the forex market…

A more dovish BOE and a more hawkish Fed helped to set the tone last week, with a selloff in equities also helping the dollar recover well after the softer US CPI data just seven days ago (felt like much longer now, no?). That resulted in failed breakout attempt to the topside with price falling back below the August lows at 1.2276-93 and the 50.0 Fib retracement level of the swing lower from last year, seen at 1.2306 roughly.The retreat has resulted in a push back towards the 200-day moving average (blue line) earlier today, seen at 1.2088 currently. That…

FX option expiries for Dec 20 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts         – USD/JPY: USD amounts                      – AUD/USD: AUD amounts   – NZD/USD: NZD amounts Source link

General Dynamics appoints Aiken as EVP and CFO, Marzilli to retire Source link

Trading Leveraged Products is risky The USD Index is betwixt and between amid various drivers. It closed at 104.706, inside the day’s 104.931 to 103.50 range. The advent of the holidays and year end have lightened volume measurably too, exacerbating some of the moves in the markets. Stocks are in red against Decembers’ seasonality. Treasuries fell today, especially at longer tenors, after the Bank of Japan unexpectedly lifted a cap on 10-year yields and unleashed a sell-off across global bond markets. Yields: 10yr rose to 3.71% and 30-yr to 3.72%. The S&P 500 has risen…

5/5 © Reuters. Beds are seen in a fever clinic that was set up in a sports area as coronavirus disease (COVID-19) outbreaks continue in Beijing, December 20, 2022. REUTERS/Thomas Peter 2/5 By Bernard Orr and Xinghui Kok BEIJING/SINGAPORE (Reuters) -Cities across China scrambled to install hospital beds and build fever screening clinics on Tuesday as authorities reported five more deaths and international concern grew about Beijing’s surprise decision to let the virus run free. China this month began dismantling its stringent “zero-COVID” regime of lockdowns and testing after protests against curbs that had kept the virus at bay for…

It is appropriate to continue easing policyToday’s decision is not an exit of yield curve control or change in policyToo early to debate exit from current monetary policyIf possibility of achieving 2% inflation target draws near, we can discuss timing of exitIt is still necessary to sustainably achieve 2% inflation targetSome verbal pushback there by Kuroda as he tries to play down the policy tweak today. He is saying the the decision was made as “deteriorating market functioning could threaten corporate financing”. Adding that there is no need to further expand the allowance band.ADVERTISEMENT – CONTINUE READING BELOW Source link

USD/CAD picks up bids to reverse the week-start losses. US Dollar benefits from the BOJ-inflicted losses in bond, stock markets. Oil price weaken amid economic fears surrounding China. Canada Retail Sales, US housing data eyed for fresh impulse. USD/CAD clings to mild gains around 1.3700 as the US Dollar reverses the intraday losses heading into Tuesday’s European session. The Loonie pair’s run-up could also be linked to the downside move of Canada’s main export item, namely WTI crude oil. That said, the US Dollar Index (DXY) picks up bids to pare recent losses around 104.50 as the Treasury bond yields…

© Reuters. FILE PHOTO: A man walks past Bank of Japan’s headquarters in Tokyo, Japan, June 17, 2022. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – The Bank of Japan said on Tuesday it will widen the band at which it will allow the 10-year government yield to move around its 0% yield target, as part of fine-tuning measures to address the cost of prolonged monetary easing. The BOJ also decided to sharply increase the amount of government bond buying, it said in a policy statement. As widely expected, the BOJ kept unchanged its -0.1% target for short-term interest rates, and 0% for…

Japan finance minister Suzuki: It is not the appropriate time to comment on the next BOJ governor.There has been no decision on revising the agreement with BOJ.These comments are in relation to the chatter, persistent and widespread, that there will be changes at the BOJ, and with BOJ policy, after Bank of Japan Governor Kuroda leaves in April next year. More here:ADVERTISEMENT – CONTINUE READING BELOW Source link