Author: FX

The US dollar is softer after yesterday’s drama but the week isn’t over yet. We get some top tier data to wind it down as stats agencies rush out the numbers so they can enjoy the Christmas-New Years’ period.That’s left the calendar flush today starting at the bottom of the hour with:US Nov PCEUS durable goods ordersCanadian GDPThen at 10 am ET:UMich final consumer sentimentNew home salesThe main headlines will be PCE inflation but personal spending will also be notable.ADVERTISEMENT – CONTINUE READING BELOW Source link

One reason why you might have trouble making changes in trading habits is that you’re simply not ready for them. You might THINK that you’re ready for change, but you’re more likely just pressured into making them by the fancy planners and journals you see on your social feed. Successfully making changes requires discipline and repetition and you won’t get either if you’re only half-hearted about changing your habits. This is why the first thing you should do is to check how ready you are for changes. A couple of decades ago, two well-known alcohol researchers, Carlo C. DiClemente and J.…

USD/ZAR Key Points: Recommended by Zain Vawda Get Your Free USD Forecast MOST READ: USD/ZAR Rallies as SA President Ramaphosa Faces Potential ImpeachmentUSD/ZAR FUNDAMENTAL OUTLOOKIf we are to learn anything from USD/ZAR price action over the past month it would undoubtedly be that the South African Rand remains driven by the political situation prevalent in the country. We have been subject to some interesting price swings of late following the release of the ‘Phala Phala report’ as well as in the build-up to the ANC elective conference. This week the ZAR is well on its way to posting 5 consecutive…

NZD/USD stages a goodish rebound from over a three-week low amid renewed USD selling bias. A modest recovery in the risk sentiment weighs on the buck and benefits the risk-sensitive Kiwi. Hawkish Fed expectations, rising US bond yields might help limit the USD losses and cap the pair. Investors might also refrain from placing aggressive bets and prefer to wait for the US PCE data. The NZD/USD pair gains some positive traction on Friday and snaps a four-day losing streak to over a three-week low, around the 0.6230 area touched the previous day. The pair sticks to its intraday gains…

KEY POINTS: Recommended by Zain Vawda Get Your Free Oil Forecast Most Read: Crude Oil Forecast: WTI Breakout Extends on Chinese Optimism & Weaker USDWTI FUNDAMENTAL OUTLOOKCrude Oil rallied higher this morning on the back of a pause yesterday following a rise in the US dollar and renewed concerns around China. The US dollar benefitted following another batch of positive US data further strengthened the case for further monetary tightening.Overnight concerns around China began to resurface with the Asian nation being the largest consumer and importer of crude oil. The announcement surrounding the relaxation of China’s Covid protocol has been…

Valneva stock rises as it seeks FDA approval of single-shot chikungunya vaccine Source link

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…