Author: FX
Trump to meet Pakistan PM Shehbaz Sharif on Thursday, US official says Source link
The Figurelli RSI is an advanced version of the classic Relative Strength Index. While the standard RSI often reacts too quickly to short-term market movements, this indicator reduces false signals by applying a smoother calculation. This makes it easier for traders to spot true overbought and oversold levels without second-guessing. By using it, they can filter out noise and focus only on strong trading opportunities. Why Traders Prefer It Over Standard RSI Most traders know the frustration of taking trades based on RSI only to see the market reverse immediately. The Figurelli RSI solves this by delivering more stable signals.…
The White House budget office has directed federal agencies to prepare reduction-in-force plans that could trigger mass layoffs in the event of a government shutdown, according to a memo obtained by Politico.The guidance from the Office of Management and Budget would target employees working on programs not legally required to continue during a lapse in funding. Unlike standard furloughs, the plans outlined would allow for permanent workforce cuts, significantly raising the stakes ahead of a potential shutdown next week.The move reflects the administration’s effort to reshape the federal workforce and could intensify political clashes over budget negotiations, as lawmakers scramble…
Profit taking is the name of the game in global markets today as some of the biggest winners retreat. It’s a similar story in tech stocks, USD shorts and some other high-flying assets.Perhaps the highest flyer of all this year has been gold, which is up nearly 50%. It’s a bit less today with a $42 decline to $3721/oz. In the last month, we’ve seen incredible dip buying in the rally as any decline in the $50-60 range (and often much smaller) was bought aggressively.That will be put to the test again this week. I suspect the break of $3750…
Justice Dept officials' statements on Luigi Mangione broke court rules, judge says Source link
GBP/JPY trades sideways, consolidating recent gains after Tuesday’s dip to its weakest level since September 9.Japan’s flash PMI showed manufacturing contracting further, while services activity held firm.BoE Governor Bailey struck a dovish tone, signaling further rate cuts ahead and citing softer labor market conditions.The British Pound (GBP) trades sideways against the Japanese Yen (JPY) on Wednesday, with GBP/JPY modestly higher, rebounding after briefly slipping to its lowest level since September 9 on Tuesday. At the time of writing, the cross is hovering around 200.00, holding onto recent gains but struggling to extend the advance.Bank of England (BoE) Governor Andrew Bailey…
Prior was -9285KGasoline -1081K vs +150K expDistillates -1685K vs -494K expRefinery utilization -0.3% This article was written by Adam Button at investinglive.com. Source link
In an interview with West Midlands Magazines’ Editor, Simon Archer, Bank of England (BoE) Governor Andrew Bailey said that there is still some further journey down in interest rates to go.”But exactly when that will be and how much it will be will depend on the path of inflation going down,” Bailey added, while noting that there is some softening in the labor market, alongside cautiousness among consumers.”People are being quite cautious at the moment. Of course, that affects spending, so that has an effect on the state of the economy because there isn’t as much,” he elaborated. “People aren’t…
Gold pauses its record-breaking run after setting a fresh all-time high at $3,791.Fed’s cautious stance and a firmer US Dollar cap upside, while geopolitical tension and rate-cut expectations cushion downside.Market focus shifts to upcoming US data and Fed commentary, with PCE inflation on Friday in the spotlight.Gold (XAU/USD) is trading under renewed selling pressure on Wednesday, retreating after reaching a record high of $3,791 the previous day. At the time of writing, XAU/USD is trading near $3,735, easing from an intraday high of $3,779, as traders weigh the Federal Reserve’s (Fed) cautious stance on the path of monetary policy easing.A…
The Swiss Franc (CHF) retreats on Wednesday against the US Dollar (USD) just hours before the Swiss National Bank’s (SNB) eagerly-awaited interest rate decision on Thursday at 07:30.Investors are closely watching for any signals of a possible reintroduction of negative interest rates or adjustments to the exchange rate strategy.For the time being, the dominant scenario is for the key interest rate to remain unchanged at 0%, as the SNB seeks to preserve the delicate balance between economic support and price stability.Monetary policy under pressureThe SNB meets in a context marked by several headwinds. Swiss inflation has been back in positive…