Author: FX
United Microelectronics’ September revenue rise 5.2% Y/Y to NT$19.93B Source link
There is arguably no major expiries to be wary of in the day ahead, with the full list seen below.There are a couple of large ones for EUR/USD sandwiching the current spot price at 1.1650 and 1.1750 respectively. However, they may not factor all too much into play but perhaps act as bookends to price action in case of any extensions in European morning trade. The key hourly moving averages at 1.1720-23 are also helping to limit upside for now, so that will keep things more grounded amid a lack of catalysts for the time being.French political concerns might creep…
The Reserve Bank of New Zealand (RBNZ) is widely expected to cut its interest rates this week! Still, our Event Guide for RBNZ’s October Decision suggests that members could tone down their dovishness ahead of a change in central bank leadership. We may even see a sell-the-rumor, buy-the-news scenario! Here’s why NZD/JPY and NZD/CAD could offer opportunities in the event of a less dovish RBNZ event: 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…
The RBNZ is already widely expected to cut interest rates this October, but what if they lean even more dovish with a larger cut or confirmation of more easing to come? Our Event Guide for the RBNZ Decision points out that Governor Hawkesby mentioned that the OCR is projected to reach 2.50% by the end of the year. Here’s what I’m watching on EUR/NZD and NZD/CHF in this case. 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…
The Japanese Yen (JPY) recovers slightly after touching a fresh low since early August against its American counterpart during the Asian session on Tuesday. Data released earlier today showed that Household Spending in Japan rose at a faster pace than expected in August. This backs the case for a further policy tightening by the Bank of Japan (BoJ) and helps limit losses for the JPY. The US Dollar (USD), on the other hand, struggles to lure buyers amid dovish Federal Reserve (Fed) expectations and contributes to capping the USD/JPY pair.Meanwhile, an unexpected result from Japan’s leadership contest sets the country…
Illinois sues to stop National Guard deployment as Trump escalates clash with states Source link
Shell's top U.S. executive bashes Trump's offshore wind crackdown Source link
New Zealand’s central bank is scheduled to announce its interest rate decision this week, and expectations are pointing to another rate cut. Market participants are even more keen to find out if the RBNZ is keeping the door open for more easing moves. Here are the points to know when trading this event. 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 Stalin MT4 Indicator is built to help traders identify potential entry and exit points with more precision. It works by analyzing price movements and displaying signals that highlight trend directions. Traders can use this tool on multiple currency pairs, making it versatile for different trading styles. Whether someone prefers scalping, day trading, or swing trading, this indicator fits into their strategy without needing complicated adjustments. Its main strength lies in providing straightforward signals that traders can easily understand. Why Traders Use the Stalin MT4 Indicator One of the biggest reasons traders choose the Stalin MT4 Indicator is its ability…
China is set to release its September foreign exchange reserves data on October 7, with markets watching closely to see if the People’s Bank of China (PBOC) continues its gold-buying streak for an 11th straight month.In August, reserves rose from the previous month, helped by a weaker US dollar and higher global asset prices. Investors are now focused on whether the central bank will further expand its gold holdings, a trend that has underscored Beijing’s push to diversify reserves away from the dollar. —I have this data due at 0800 GMT / 0400 US Eastern time. I am unsure on…