Author: FX
Missed the head and shoulders neckline breakdown on EUR/USD? The pair could still retest this former support zone before resuming its potential reversal! Check out these retracement levels on the 4-hour chart EUR/USD 4-hour Forex Chart by TradingView The U.S. dollar has been staging quite the rebound this week, as safe-haven flows have been picking up on political shakeups and flaring tensions between Ukraine and Russia. After trading in a steady uptrend for the most part of August and September, EUR/USD formed a head and shoulders pattern and eventually broke below its neckline support to suggest that a reversal is…
The Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday, extending its gains for the second successive session. The AUD/USD pair gains ground following the release of Australia’s Consumer Inflation Expectations for October, which edged up to 4.8% from 4.7% prior. marking the highest reading since June.The mounting concerns that Australia’s inflation may exceed forecasts in the third quarter support the cautious stance surrounding the Reserve Bank of Australia (RBA). The Australian central bank is expected to maintain its interest rates after deciding to keep its Official Cash Rate (OCR) unchanged at 3.6% in September. The RBA warned…
Britain’s housing market lost further momentum in September, while business confidence slumped to its lowest level in three years amid growing anxiety over Finance Minister Rachel Reeves’ upcoming budget.The RICS house price balance improved slightly to -15 from -18 in August, indicating fewer surveyors reported price declines, though buyer demand and agreed sales remained weak for a third straight month. RICS analyst Tarrant Parsons said market sentiment remains cautious, with uncertainty over potential tax measures in the November 26 budget weighing on activity.Reports suggest Reeves may seek new housing-related tax measures to meet fiscal targets. Economists also linked the recent…
EUR/USD extends its losses for three straight consecutive days, down 0.32% as the US government shutdown extends, and the Federal Reserve’s last meeting minutes showed that officials remain cautious on inflation, despite easing policy. At the time of writing, the pair trades at 1.1622 after hitting a daily high of 1.1661.France political turmoil and German data push the Euro lowerEuro’s weakness is mainly sponsored by the French political turmoil as the outgoing Prime Minister Sebastien Lecornu revealed there have been progress in negotiations with parliamentary groups and that President Macron could be able to name a new PM in 48…
Markets maintained their resilient tone on Wednesday despite the ongoing U.S. government shutdown entering its eighth day, with equities and alternative assets posting gains as traders digested Federal Reserve meeting minutes that revealed a divided committee but confirmed the path toward further easing. The session was marked by contrasting signals: gold extended its historic rally past $4,000 per ounce, the S&P 500 climbed to fresh records above 6,750, and the dollar found support despite concerns about the prolonged budget impasse in Washington. Check out the headlines and economic updates you may have missed in the latest trading session! Headlines &…
Fannie Mae hires Tri Pointe's Hamara and adds him to the board Source link
Some participants noted financial conditions suggested policy may not be “particularly restrictive”Those participants judged a cautious approach to future policy was warrantedAlmost all participants supported quarter-percentage-point cut to Fed funds rate at September meetingMost participants judged downside risks to employment had increased, upside risks to inflation had either diminished or not increasedParticipants generally noted their judgments about appropriate policy action at September meeting reflected a shift in the balance of risksA few participants saw merit in keeping Fed funds rate unchanged at September meeting or that they could have supported such a decisionA majority of participants emphasized upside risk to…
The Minutes of the United States (US) Federal Reserve’s (Fed) September 16-17 monetary policy meeting will be published on Wednesday at 18:00 GMT. The US central bank decided to cut the policy rate by 25 basis points (bps) to the range of 4%-4.25% at this meeting, but Fed Governor Stephen Miran preferred to lower the fed funds rate by 50 bps.Jerome Powell and company opted to reduce policy rate in SeptemberThe Federal Open Market Committee (FOMC) decided to cut the interest rate by 25 bps in September, as widely anticipated. In the policy statement, the Fed acknowledged that jobs gains…
Sodexo (OTCPK:SDXAY) announced on Wednesday the appointment of Thierry Delaporte as CEO, effective November 10.Delaporte was appointed CEO of Wipro in 2020.The company said it is entering a new phase of development, following Sophie Bellon’s four-year tenure as CEO.Bellon will act as non-executive chairwoman.Sodexo will hold a conference call for analysts and investors at 8:30 AM CET on October 9. Source link
If you’re wondering why the Japanese yen just went vertical this week, welcome to a quick lesson in how politics can move markets fast. Japan just delivered a political surprise that sent stocks soaring, bonds tumbling, and the yen into free-fall. For new traders trying to understand how markets actually work (i.e., fundamentals are what moves markets), this is a wonderful teaching moment. 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!…