Author: FX
It is said that only 1% – 5% will consistently make money in forex trading. You’re going to need all the tricks in every book if you want to be included in the elite few. Of course, it starts with NOT making the basic mistakes in trading forex. Are you unintentionally sabotaging your chances before you even take your trades? Here’s a list of the bare minimum you need to avoid failure as a trader: 1. Make sure you get enough sleep Don’t miss sleep. When you’re tired, it’s hard to concentrate. Your emotions take control of you and you feel…
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Iain Withers and Alun John LONDON (Reuters) – The yen surged further on speculation that Japan could revise its ultra-loose monetary policy, while the dollar edged higher after earlier dipping to its lowest level since June against major currencies. The , which measures the safe haven U.S currency against other six major currencies, gained 0.3% to 102.46 as risk appetite faded through the trading session, with mixed U.S. company earnings also setting the tone for markets. Better-than-expected economic data out of…
U.S. EARNINGS ANALYSIS AND TALKING POINTSBanks bolster net reserves showing concerns around the 2023 macro-economic outlook.NII improves for BAC, WFC and JPM but weaker IB limits upside. Recommended by Warren Venketas Get Your Free Equities Forecast U.S. banks in general have kicked off 2023 in the green with JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC) no exception. Higher interest rates as directed by the Federal Reserve’s aggressive monetary policy, has allowed for Net Interest Income (NII) to grow but fears around a global slowdown has forced banks to strengthen their net reserves. Trade Smarter – Sign up…
USD/JPY remains the stand-out interest. Economists at ING expect the pair to nosedive towards the 126.50 mark. Plenty of downside in USD/JPY “The BoJ may be on the verge of its biggest policy change in decades. Even short-dated JPY Interest Rate Swaps have started to move and are at the highest levels (near 30 bps) since 2008!” “Clearly, USD/JPY has come a long way very fast, but some of the longer-term skews in the FX options market point to a structural shift in the market’s view in USD/JPY.” “We suspect few will want to stand in the way of the…
Japan and the Yen – 2023 Outlook The Japanese Yen was the weakest currency in 2022 because of the Bank of Japan’s commitment to maintaining a loose monetary policy, effectively widening the Yield differentials with other major economies – particularly the US. The Federal Reserve on the other hand was the most hawkish among the major central banks, hiking interest rates to the upper band of 4.50%. USDJPY rallied as high as 32% in 2022, in mid-October, before pulling back tangibly in the last 2 months of the year as the FED tilted less hawkish, slowing the pace of rate…
Gold (XAU/USD) AnalysisGold maintains bullish momentum after welcome CPI dataGold faces fresh resistance above 1900 which may pose too stern a challenge as overbought signals sound the alarm for bullish continuation playsThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Find out what’s in store for the precious metal Gold Maintains Bullish Momentum after Welcome CPI dataGold has enjoyed a phenomenal bull run since the early November retest of the September low and has shown little sign of slowing down. In…
The eurozone is about to release its industrial production figures while EUR/NZD is breaking above its neckline. Can this reversal gain any traction? Before moving on, ICYMI, yesterday’s watchlist looked at the downtrend on USD/JPY ahead of the U.S. CPI release. Be sure to check out if it’s still a valid play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: U.S. headline CPI down by 0.1% m/m as expected in Dec U.S. core CPI posted 0.3% m/m uptick as expected vs. previous 0.2% gain Chinese trade surplus widened from…
Urbana raises dividend by 10% to CAD 0.11 Source link
© Reuters. FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan in Tokyo, Japan, May 22, 2020. REUTERS/Kim Kyung-Hoon LONDON (Reuters) – Japan’s central bank looks set to raise its inflation forecasts and debate further policy tweaks, just as business leaders and policymakers descend (in person this time) on the Swiss resort of Davos to put the world to rights. U.S. earnings and retail sales numbers, a slew of China data and inflation readings elsewhere mean there’s plenty to mull over. Here’s a look at the week ahead in markets from Kevin Buckland…
The December CPI report came in as advertised, indeed even better than expected for the headline. Treasuries saw strong gains, while there were more moderate gains on Wall Street. Overall inflation continues to come down & Fed Harker & Bullard comments boosted expectations the FOMC will further downshift rate hikes with a 25 bp increase seen in February. Yields dropped measurably. Futures markets have priced in 25 bp and several rate cuts this year. The USDIndex slumped to 101.79 yesterday. Today eased at 102.00. EUR – held above 1.0800. JPY – rallies to 7-month high…