Author: FX
Next week’s focus will be on the August U.S. employment report, where we expect nonfarm payroll growth to rebound to 80K, the unemployment rate to edge up to 4.2%, and average hourly earnings to rise 0.3% month over month, leaving wage growth in the low-3% range year over year. While job growth remains subdued, labor market conditions continue to look broadly balanced, with low layoffs and steady wage growth consistent with a gradual cooling, rather than a sharp deterioration.Beyond the U.S., a busy international calendar will provide fresh insight into the global growth and inflation outlook. We expect Australia’s economy…
US stocks reverse and fall to the lows of the day as the hawkish message registers !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The USDJPY has extended higher, breaking above its 100-day moving average at 159.994 and the natural resistance at 160.00. The high price has reached 160.15 as buyers maintain firm control.The move has been supported by hawkish comments from Fed Chair Powell and a sharp rise in U.S. yields. The two-year yield is up nearly 11 basis points at 4.34%, while the 10-year yield is higher by 5.2 basis points at 4.724%. Higher yields are helping to strengthen the dollar against the yen.Technically, today’s advance also took the price above two other important resistance levels: The 50% retracement of the decline…
Fed’s Goolsbee: Agrees with Warsh that inflation is Fed’s main issue right now !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
EURUSD moves to new lows and tests a key cluster of technical levels !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Kickstart Kevin Warsh speech day with a technical look at the EURUSD, USDJPY and GBPUSD !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Moving from demo to live trading isn’t seamless. Here are the key psychological differences that can affect your real world results. Source link
MUFG’s Derek Halpenny and Abdul-Ahad Lockhart argue that Jackson Hole only becomes a significant FX event for the Dollar when the Federal Reserve Chair delivers a clear policy surprise or commits to future action. They outline three scenarios for Chair Warsh’s speech, suggesting limited scope for forward guidance and a lower probability of an outsized USD move.Warsh stance seen limiting USD volatility”Jackson Hole has a reputation for creating headlines, but history suggests it only becomes a market FX event under specific conditions. Looking back as far as Bernanke’s tenure and analysing episodes where the Bloomberg Dollar Index (BBDXY) moved more…
The Bollinger Bands Width Indicator MT4 is a volatility tool that measures how far the upper and lower Bollinger Bands are separated. When the bands move closer together, width falls and the market is showing reduced volatility. When the bands spread apart, width rises as price movement becomes stronger.The calculation is based on the standard Bollinger Band formula. A common setup uses a 20-period simple moving average with a 2.0 standard deviation multiplier.The basic relationship is: Band Width = Upper Band − Lower BandThe upper band is generally calculated as: SMA(20) + 2 × Standard Deviation(20)The lower band is: SMA(20)…
German import prices climb in July as impact from Middle East conflict continues to reverberate !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link