Author: FX
It’s a busy week for market players everywhere as we price in FOUR central bank decisions and a few key inflation and labor market reports. Think you’re ready to trade this week’s catalysts? Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched potential market movers this week: Major Economic Events: UK’s labor market data (Dec 13, 7:00 am GMT) – The U.K. will kick off the top-tier data parade with a possible cooldown in the labor market in November as employers start…
Ukrainian President Volodymyr Zelensky held talks with the leaders of the United States, Turkey and France on Sunday and a virtual G7 leaders’ summit has just been called for Monday at 10 am ET.Reuters notes that while talks with world leaders and Zelensky aren’t uncommon, three in one day is. Combine that with the G7 and something could be afoot.The idea is that sanctions for Russia and Iran are on the agenda and some new ones would be added for Russia.There are some murmurs towards pushing Ukraine to open peace negotiations because Europe is worried about a flood of Ukrainian…
USD/JPY cheers upside break of three-week-old resistance to refresh intraday high. Yields remain firmer amid recession woes but light calendar on Monday, firmer Japan PPI readings probe the Yen buyers. US CPI, Fed’s signals for future rate hikes will be important for near-term directions. Chatters surrounding BOJ’s tightening, geopolitical headlines may offer extra directions. USD/JPY picks up bids to favor buyers around the 137.00 threshold as the cautious mood in the market underpins the US Dollar demand during early Monday. Adding strength to the upside momentum is the technical breakout and hawkish hopes from the US Federal Reserve (Fed). It’s…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The United States regulators want to take a closer look at money laundering and terror financing laws by the Financial Crimes Enforcement Network (FinCEN), as it asked banking sector players for feedback on DeFi’s crime risks.Continue Reading on Coin Telegraph Source link
Sundry Photography Tech-focused private equity firm Thoma Bravo is said in advanced discussions to purchase Coupa Software (NASDAQ:COUP) after outbidding rival PE firm Vista Equity. A deal may be announced as soon as this week, according to a Bloomberg report, which didn’t include a deal price. The transaction price may be $81 a share, according to a tweet from CNBC’s David Faber. An $81 price would value Coupa at more than $6 billion and would represent a 77% premium to where the stock traded before news of a potential buyout offer, though it would still represent a more than 50%…
Good morning to all our friends in Tokyo. The FX market is quiet so far today but it should begin to pick up any moment.Data isn’t going to be a big driver but there are a few notable releases starting with Tokyo producer price index data at 2350 GMT, or 8:50 am in Tokyo. The consensus is +0.5% on the m/m and +8.9% on the y/y. Some talk about Japan ending yield-curve control has been doing the rounds. At the same time, we’ll get the Japanese Q4 manufacturing survey from BSI.A short time later at 0030 GMT, we’ll get Australian…
USA500 ended bearish last week, closing just slightly above its 3-week low. The slump was mainly triggered by better than expected US economic data. On Friday, the November US PPI data suggested that there is still upside risk for inflation, which might eventually complicate the route for the Fed’s monetary policy shift. Fig.1: US Stock Heatmap. Source：TradingView As a result, most of the US stocks’ gains were wiped out within the week, suffering losses at varied degree. Netflix (NLFX) and Tesla (TSLA) were the companies that managed to close with gains over 3%, followed by Broadcom (AVGO) (+2.57%). Broadcom, Inc. is…
Introduction to the MACD Signals Indicator Oscillators can be reliable trend following technical indicators, which is why many traders use an oscillator type of indicator as part of their trading chart. Among the different oscillators, the MACD is probably one of the most popular oscillators. The MACD Signals Indicator is another oscillator type of indicator which is derived from the MACD. What is the MACD Signals Indicator? The MACD Signals Indicator is a trend following technical indicator which is derived from the classic Moving Average Convergence and Divergence (MACD) indicator. It is an oscillator type of indicator which is based…
Recommended by Daniel Dubrovsky Get Your Free Top Trading Opportunities Forecast Market volatility came back to life this past week as the VIX ‘fear gauge’ soared almost 20 percent, the most since August. On Wall Street, the Dow Jones, S&P 500 and Nasdaq 100 dropped 2.08%, 2.71% and 2.72%, respectively. Things weren’t looking too great in Europe either, with DAX 40 dropping 1.5%. Australia’s ASX 200 fell 2.14%.Much of the volatility occurred towards the end of last week when larger-than-expected US wholesale inflation data for November crossed the wires. It also didn’t hurt the University of Michigan consumer sentiment surprised…
We got a lot of risk-off vibes this week as recession fears continued to grow in the minds of traders, as well as surprise inflation updates keeping traders on their toes with regards to central bank expectations. The Swiss franc was the big winner this week, while its usual “safe haven” buddy, the Japanese yen, fell to last place on speculation of potential policy shifts from the BOJ ahead. Notable News & Economic Updates: China services activity index shrunk from 48.4 in October to six-month low of 46.7 in November J.P.Morgan Global PMI Output Index fell to 48.0 in November…