Author: FX
After a strong August inflation report, markets are expecting the RBA to keep its interest rates steady in September. How might the Aussie react to the release? Here are the points you need to know if you’re trading RBA’s decision! 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 People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%.Previous close was 7.1349PBOC injected 288.6bn yuan via 7-day reverse repos at 1.40% Source link
The Post Zigzag MT4 Indicator is designed to simplify price action by connecting significant highs and lows with straight lines. Unlike other indicators that focus on momentum or volume, this one gives traders a clearer visual of market waves. By filtering out small fluctuations, it helps highlight the bigger picture, making it easier to see where the market has been and where it might be heading. Why Traders Use It Many traders use the Post Zigzag MT4 Indicator because it helps them identify trends, reversals, and chart patterns such as double tops, double bottoms, or head and shoulders. This indicator…
Moldova's pro-EU government edges towards majority in pivotal vote Source link
Here are the major earnings before the open Monday Source link
Weekend reports on a note from UBS arguing the US has a 93% chance in recession this year. I guess that means 93% chance the US is already in recession. I doubt it, but here is more. The reports state that:UBS’s forecast based on its assessment of several indicators like personal income, consumption, industrial production and employmentUBS says the economy has reached “historically worrying levels”UBS says the US economy is “soggy, soft, weak, yes, but not collapsing”, and analysts at the bank have not said firmly the country is in recession–I haven’t seen the note, just passing along what is…
Russia pounds Kyiv, other regions in mass drone and missile attack Source link
Denmark bans drone flights after fresh drone sightings at military bases Source link
This isn’t a surprise but OPEC+ will continue to boost production by 137K in October after hiking by that exact amount in September.The market saw the September announcement as the baseline going forward, until brent prices fall below $60 or OPEC spare capacity is exhausted. IThe latest report from Reuters cites three sources familiar with OPEC talks.So far this year OPEC+ has raised output by 2.5 mbpd into a soft economy. That’s made oil a big underperformer in the commodity space but it hasn’t been as bad as it could be. That’s partly because China has been building oil inventories.This…
Tanks thrust deeper into Gaza, medics say many injured are trapped Source link