Author: FX

It looks like history won’t repeat itself from last year, as Sanae Takaichi comes out on top in this year’s runoff vote. She is now set to become Japan’s first ever female prime minister in taking over from Shigeru Ishiba, who has lost his standing after the dismal July upper house election results.As mentioned yesterday, Takaichi is often dubbed as Shinzo Abe’s protégé and is a firm believer of pushing for a return of “Abenomics”. If she does maintain her conviction in economic and policy matters, that could mean having to lock heads with the BOJ. From the day before:”Takaichi…

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Once again, Sanae Takaichi finds herself in a similar position to where she was last year. That being just one voting round shy of becoming Japan’s first ever female prime minister. This time around, the person standing in her way is Shinjiro Koizumi – who himself has the chance to become Japan’s youngest prime minister in the post-war era.In the first round of voting, Takaichi scored 183 votes and that was the most among all five candidates. However, that is still short of the 295 voting majority needed to win. Koizumi got 164 votes, so it is very much a…

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The Highest Lowest MT4 Indicator is designed to automatically highlight the highest highs and lowest lows of a selected period. Instead of manually checking charts, traders can instantly see where price has reversed in the past. These levels often act as natural support and resistance zones, giving traders a clear idea of where the market could react again. By using it, they can save time and reduce the guesswork involved in technical analysis. Why This Indicator Matters Price highs and lows are some of the most reliable reference points in trading. When the market pushes to a new high, it…

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EUR/USD consolidates on Friday amid a quiet trading session due to the lack of a fresh catalyst, sponsored by a US government shutdown that seems poised to extend beyond the current week. The pair trades at 1.1738, up 0.28%, at the time of writing.Shared currency consolidates with light data and split Fed rhetoric keeping traders cautiousThe US economic docket has been light, featuring speeches by Federal Reserve (Fed) officials, as the Nonfarm Payrolls report for September had been delayed. Vice-Chairman Philip Jefferson said that although it is not ideal not to get job data, they have enough information to do…

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Day 3 of the government shutdown with no agreement in sight. Senators left for the weekend and will not return until Monday.The US dollar was mostly lower. Versus the major currencies, the US dollar:EUR, -0.21%JPY +0.16%GBP -0.32%CHF -0.26%CAD -0.04%AUD -0.05%NZD -0.24%Today was the scheduled day for US employment data. That was postponed until next Friday at the earliest. S&P nonmanufacturing PMI data and ISM nonmanufacturing data was released as they are privately calculated.The final reading for U.S. September S&P global services PMI came in at 54.2, up from the preliminary 53.9 and slightly below August’s 54.5. While activity in services…

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Both the Dow industrial average and the S&P closed at record levels today. The S&P just barely reached that record with a gain of 0.44 points or 0.01%. The NASDAQ index did move lower after closing at a record level yesterday. For the trading week, the major indices were higher:a summary of the day shows:Dow industrial average rose 238.56 points or 0.51% at 46758.28S&P index rose 0.44 points or 0.01% at 6715.79.NASDAQ index fell – 63.54.4 -0.28% at 22780.51. Russell 2000 rose 17.69 points or 0.72% at 2476.17.For the trading weekDow industrial average rose 1.10%S&P index rose 1.09%NASDAQ index rose…

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