Author: FX
Everyone and their momma expects the ECB to leave interest rates unchanged in December, so the rate decision itself is old news. That puts all the attention on Lagarde’s press conference, where traders will be listening closely for any hints about what comes next. Will she open the door to rate cuts, or keep inflation worries in the driver’s seat for the euro? Here are the points you need to know if you’re trading the event! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable…
India’s central bank is signalling that interest rates are likely to remain low for an extended period, even as policymakers assess the potential growth impact from evolving U.S. trade arrangements. Reserve Bank of India Governor Sanjay Malhotra said recent projections suggest policy settings should remain low for a long period of time, according to comments reported by the Financial Times.Malhotra’s remarks reinforce the RBI’s cautious stance as it balances moderating inflation against emerging external risks. While domestic price pressures have eased from recent peaks, the central bank appears reluctant to tighten prematurely, particularly as global growth uncertainties continue to cloud…
The BOE dovish split in their earlier policy decision, combined with some misses in top-tier data points, reinforced expectations for a December cut. Will they deliver? Here’s what to watch out for when trading this major economic catalyst. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
The WPRSI Signal MT4 Indicator addresses this issue by combining the strengths of the Williams Percent Range (WPR) and Relative Strength Index (RSI) to generate precise trading signals. With it, traders can spot trends early and trade with more confidence. Understanding the WPRSI Signal MT4 Indicator The WPRSI Signal MT4 Indicator merges two popular technical tools—the WPR and RSI—into one easy-to-read indicator. WPR measures overbought and oversold conditions, while RSI gauges momentum. By combining them, the indicator minimizes false signals and highlights stronger trading opportunities. This dual approach helps traders quickly determine market direction and potential reversal points. Whether the…
The GBP/USD pair gains momentum to around 1.3425 during the early Asian session on Wednesday. The Pound Sterling (GBP) edges higher against the Greenback on the upbeat UK preliminary S&P Global Purchasing Managers’ Index (PMI) data. Traders will take more cues from the Fedspeak later on Wednesday. Data released by S&P Global on Tuesday showed that the UK Composite PMI came in at 52.1, versus estimates of 51.4 and the previous reading of 51.2. The Services and the Manufacturing PMI jumped to 52.1 and 51.2, respectively. Both figures came in above the market consensus. The improvement in the UK’s dominant services sector…
Authorities still trying to identify Brown University gunman three days into manhunt Source link
Comments in an essay from Bostic:continues to view price stability as the most pressing risk facing FOMCit is unclear whether the labor market is significantly out of balance Expects inflation to remain above 2.5% even at the end of 2026.Sees little to suggest price pressures will dissipate before mid-to-late 2026 at the earliest.”Aggressive monetary policy response” is not warranted for current labor market conditions.Moving policy near or into accommodative territory risks exacerbating inflation and untethering expectations.Employment market is, at best, moving sideways; likely conditions are softening but not at a negative inflection point.GDPNow model estimates for Q3 are holding north…
Here is what you need to know on Wednesday, December 17:The US Dollar Index (DXY) tumbled below 98.00 on Tuesday, reaching its lowest level since the beginning of October. The Greenback faced intense selling pressure following a delayed labor report that revealed a significant softening in the US job market, overshadowing weak economic activity data from Europe. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar. USDEURGBPJPYCADAUDNZDCHFUSD-0.01%-0.36%-0.32%-0.20%0.05%-0.03%-0.18%EUR0.00%-0.35%-0.33%-0.20%0.06%-0.02%-0.17%GBP0.36%0.35%0.02%0.15%0.42%0.33%0.18%JPY0.32%0.33%-0.02%0.12%0.38%0.29%0.14%CAD0.20%0.20%-0.15%-0.12%0.26%0.19%0.03%AUD-0.05%-0.06%-0.42%-0.38%-0.26%-0.09%-0.23%NZD0.03%0.02%-0.33%-0.29%-0.19%0.09%-0.15%CHF0.18%0.17%-0.18%-0.14%-0.03%0.23%0.15% The heat map shows percentage changes of major currencies against each other. The…
WH economic advisor Kevin Hassett is speaking on CNBC and says:There is plenty of room to cut ratesUS rates are out of touch with the rest of the worldon the jobs data sees a solid upward trajectory.Trump thinks interest rates could be lower.If I were there, I’d have to negotiate with the rest of the committee.Fed would have to see what kind of consensus could be reached.Thinks we can reach 3% growth and 1% inflation againDeficit reduction is a key to the economy to lower rates.We are pretty positive that the Supreme Court will rule in our favor, and if…
China imported far more Crude than needed in November, adding to strategic reserves and helping prevent a sharper drop in global Oil prices, though the sustainability of this trend remains uncertain, Commerzbank’s FX analyst Michael Pfister notes. China absorbs global Oil oversupply”China once again imported significantly more Crude Oil in November than it needed for its own requirements. Comparing the data on Crude Oil processing with that on Crude Oil imports and domestic Crude Oil production, the resulting surplus amounts to 1.9 million barrels per day. This Crude Oil is likely to have been used to build up strategic reserves…