Author: FX
Whether we’re tinkering around with our demo accounts or playing with a few dollars in our live accounts, it has never been far from our minds that our accounts are going to make it big in the future. Unfortunately, many traders have difficulty taking the next step and trading bigger positions. Some find it hard to risk wiping out the small profits they’ve worked hard for in the last couple of months, while some just can’t stomach risking bigger positions. Taking on more risk definitely has its perks. But be warned… While it can give you bigger wins, increasing your risk can…
Share: In the view of UOB Group’s Economist Lee Sue Ann, the Bank Indonesia (BI) could raise its key rates by 25 bps at the upcoming gathering on Thursday. Key Takeaways “The end of the current hiking cycle is imminent as we have alluded to before.” “We keep our BI rate forecast for a terminal rate of 6.00% that is likely to occur this month, though there is an increasing risk that Jan’s rate hike might be the last one for the current hiking cycle.” Source link
London -0.08% UK January CPI +10.1% vs +10.3% y/y expected Germany +0.31% France +0.38% Spain January final CPI +5.9% vs +5.8% y/y prelim The pan-European Stoxx 600 -0.11% in early trade after hitting a one-year high during a choppy session on Tuesday. Most sectors and major bourses opened negative. Mining stocks led losses, followed by banks, after Barclays lost 8% in early trading on disappointing profit results. Coming up in the session: Eurozone Industrial production and Trade Balance. In the bond market, The yield on US 10-year Treasuries was down one basis point to 3.75%. Germany’s 10-year yield was down…
WTI PRICE, CHARTS and ANALYSIS: Recommended by Zain Vawda How to Trade Oil Most Read: Breaking News: CPI Miss Confirms Cooling UK Inflation, GBP on OfferWTI FUNDAMENTAL OUTLOOKCrude Oil faced renewed selling pressure yesterday as US inventories showed an increase of 10.507 million barrels per the American Petroleum Institute (API) report. This was coupled with a return of US dollar strength in the US session which added a further obstacle as WTI looks to regain the $80 a barrel mark.OPEC+ meanwhile released their updated projections for 2023 yesterday with the group raising their demand forecast by 100,000bpd. The group expressed…
US CPI DATA provided a real mixed bag. Monthly data higher & annual data lower to 6.4% from 6.5% but missed expectations of 6.2%. A volatile session – USD finishing higher and Stocks (-0.46% to +0.57%) were mixed. The 2yr yield curve rose further and the inversion between that and the 10yr curve widened to -83bp. The Fed Funds Futures is now pushing the terminal rate over the 5.25% level. Overnight RBA’s LOWE issued a gloomy outlook & “unsure how high rates can go” – AUD tanked, Kishida said Ueda was the “best” candidate and unsure on policy change. Asian markets biased lower.…
The latest U.S. inflation numbers are out and more Fed officials have weighed in! In case you missed it, Uncle Sam just showed that consumer prices have eased from 6.5% to an annualized growth of 6.4% in January. Thing is, markets were expecting a dip to 6.2%. Monthly prices also rose by another 0.5% in January and hinted that a high inflation would not be “transitory” as Fed had expected. Higher and stickier inflation numbers only supported the Fed members’ recent remarks about raising interest rates further or keeping their rates high for longer. U.S. Dollar Index (DXY): 4-Hour U.S.…
After the US CPI data, we now move on to the US retail sales data. It’s all about what is on the economic calendar these days as markets are pretty much stuck on this rollercoaster ride. The risk mood is softer today but that can all change depending on what we get from the data later today.Meanwhile, the dollar is sitting firmer but the key technical levels outlined here are all still very much in play. That will keep traders on edge as the debate rages on about whether broader markets have it right or the Fed’s more hawkish outlook…
CME Group’s flash data for gold futures markets noted traders extended the downtrend for yet another session on Tuesday, this time by just 121 contrac Source link
Understanding how currency prices move can be a daunting task. Traders would often attempt to predict what price would do, whether it will go up or down and at what level it would reverse. Often this ends in a failed attempt on predicting the forex market. The market can do whatever it wants to do, and it is often very fickle. However, there are certain conditions that may help traders anticipate which direction price will most likely be going. Momentum is one of the telltale signs that price is more likely to move in a certain direction. It is not…
I’ve got a couple of simple trend correction setups on Tesla Inc (TSLA) shares and EUR/CAD. Will these areas of interest hold as resistance again? Make sure you don’t miss ’em! Tesla Inc (TSLA): 4-hour Tesla Inc (TSLA) 4-hour Chart by TradingView Tesla bulls, watch out! The stock price is closing in on a former support zone that might hold as a ceiling. This happens to be right around a falling trend line and the 50-61.8% Fibonacci retracement levels. Will sellers return right here? Technical indicators are saying that bearish vibes are already present, as the 100 SMA is still…