Author: FX
Introduction to the Price Alert Indicator Many traders do not want to sit in front of their price charts all day waiting for price to reach the levels where they think price may reverse or breakout. Price Alert Indicator allows traders to avoid wasting their time watching price charts all day. Instead, it notifies traders only when price has reached a certain level. What is the Introduction to the Price Alert Indicator? The Price Alert Indicator is a custom technical indicator which was developed to alert traders whenever price has reached a price point chosen by the trader. It plots…
WisdomTree Mortgage Plus Bond Fund declares monthly distribution of $0.0750 Source link
© Reuters. FILE PHOTO: A man walks under the rain with his shopping bag during the holiday season in New York City, U.S., December 15, 2022. REUTERS/Eduardo Munoz By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy grew faster than expected in the fourth quarter as consumers maintained a solid pace of spending, but momentum had slowed significantly by the end of the year, with higher interest rates eroding demand. The Commerce Department’s advance fourth-quarter gross domestic product report on Thursday also showed growth getting a big boost from a sharp rise in inventory accumulation, some of which is likely…
This is such an uncertain market. On the days when the market is weak, the bargain hunters show up. When it’s strong, the nerves take over and the bulls bail out.I don’t see how that kind of volatility ebbs until inflation gets back to about 3% and trending lower. The market is cautiously optimistic about inflation but that ‘cautious’ thinking doesn’t lend itself to the kind of conviction to sustain a bull market unless the data cooperates.Obviously though, data has ebbs and flows. Today’s initial jobless claims data is certainly something to worry about and corporate comments have been positive.…
AUD/USD has surged higher over the past few sessions. Economists at Credit Suisse stick with their bullish bias and look for further gains. Short and medium-term momentum still rising “Medium-term moving averages are close to seeing a bullish cross higher and short-term MACD momentum is very strong, whilst the market is also threatening to break key resistance at 0.7138. A close above here would open up a move to our core objective at 0.7284/7306 next.” “Near-term support moves to 0.7061, below which would suggest a retest of the breakout point at 0.6904/6854. However, only a stable close below the 200DMA…
Hyundai Motor reports Q4 results Source link
GDP continues to show the US economy’s resilience despite warnings of a growth slowdown. Even the employment data showed positive signs in an already tight market Source link
Major economic data has the potential to drastically move the forex market. It is this very movement, or volatility, that most newer traders seek when learning how to trade forex news. This article covers the major news releases, when they occur, and presents the various ways traders can trade the news.Why Trade the News on Forex?Traders are drawn to forex news trading for different reasons but the biggest reason is volatility. Simply put, forex traders are drawn to news releases for their ability to move forex markets. ‘News’ refers to economic data releases such as GDP and inflation, and forex…
It’s been a quiet week so far on the economic data front but that all changes today with a deluge of numbers at the bottom of the hour:Q4 advance GDPDurable goods ordersInitial jobless claimsAdvance goods trade balanceWholesale inventoriesThen at 10 am ET it’s:THe US dollar is a touch softer today despite higher yields. The risk tone has improved with S&P 500 futures up 22 points. Source link
The Dollar languishes before US Gross Domestic Product (GDP) for the first quarter. The greenback could challenge 2023 lows on disappointing figures, economists at Société Générale report. Current set-up in is to sell dips in bonds and rallies in the Dollar “The current set-up in bonds and FX is to sell dips in bonds (lower yields) and rallies in the Dollar. Barring much stronger outcomes for GDP and PCE inflation, investors are unlikely to change tactics today.” “The asymmetric reaction function means that investors won’t hesitate to respond if the data underwhelms, potentially resulting in new 2023 lows for the…