Author: FX
By Hyonhee Shin SEOUL (Reuters) -South Korean President Yoon Suk Yeol’s ruling party said on Tuesday that it was discussing Yoon’s potential resignation as early as February after his botched martial law attempt, and holding a snap election in April or May. Yoon has apologised for last week’s martial law declaration that triggered a political crisis and pledged to leave his fate to his People Power Party (PPP) but has not resigned. He is now the subject of criminal investigations over insurrection charges, was banned from leaving the country, and faces a second impeachment vote planned for Saturday. Lee Yang-soo,…
Prior +2.0%HICP +2.4% vs +2.4% y/y prelimPrior +2.4%Core annual inflation is seen at 3.0% on the month, and that is slightly higher compared to the 2.9% reading in October. Stagflation much for Europe’s largest economy? This article was written by Justin Low at www.forexlive.com. Source link
The Australian Dollar holds losses as RBA Governor Bullock discussed the risks of rising inflation have eased. The RBA decided to hold the Official Cash Rate steady at 4.35% in its final policy meeting in December. The US Dollar continues to gain ground ahead of US Consumer Price Index data due on Wednesday. The Australian Dollar (AUD) continues to fall as the Reserve Bank of Australia (RBA) decides to maintain the Official Cash Rate (OCR) at 4.35% in its final policy meeting this year. RBA Governor Michele Bullock, speaking at a press conference, explained the decision to maintain the interest rate at a…
Errbody and their mommas expect the Bank of Canada (BOC) to cut its interest rates by another 50bps in December! Our Event Guide for BOC’s December Decision points out that central bank members seem committed to another outsized rate cut despite improvements seen in Canada’s inflation and labor market prospects. While the decision may have already been priced in CAD’s current prices, dovish hints in BOC’s press conference could lead to further losses for the Loonie. Here are EUR/CAD and CAD/CHF’s setups if you’re expecting the Canadian dollar to lose more pips after BOC’s event! This Article…
Will the BOC cut interest rates by another 50bps this time? Or will they signal a slower pace of easing soon? Our Event Guide for the BOC Decision listed a bunch of economic reports that saw improvements since the previous announcement, suggesting a potentially brighter outlook from policymakers. Here’s what I’m watching on CAD/JPY and NZD/CAD if the Canadian central bank seems less dovish than usual. 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 Access to exclusive…
Markets widely expect Bank of Canada (BOC) members to cut its interest rates by another 50bps after a surprise jump in the November unemployment rate. Do leading indicators support another aggressive adjustment from the central bank? More importantly, how may CAD react to the decision? We have the points you need to know if you’re trading the 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 Access to exclusive MarketMilk™ sections Plus More! Source link
The Time Zone and Nonlagdot Non Repaint Forex Trading Strategy offers traders a unique approach to navigating the ever-changing forex market. Combining time-based trading insights with the precision of the Nonlagdot indicator, this strategy focuses on maximizing entry and exit accuracy. Time zones play a pivotal role in forex trading as they influence market activity and liquidity, which vary across global sessions. Understanding how to align trades with these active periods can help traders identify opportunities for higher profitability and reduced risk. Central to this strategy is the Nonlagdot indicator, renowned for its ability to avoid repainting—a common issue with…
National Australia Bank monthly survey of business, for November 2024Business Confidence drops to -3Business Conditions drop to +2, the lowest since the pandemic (worst since late 2020)Some of the sub indexes:sales come in at +5, from +13 in Octoberprofitability -1 (from +5)employment intentions +2 (from +3)Cost pressure indicators:retail prices quarterly pace of +0.6%, from +1.1% in Octoberinput costs ticked up to +1.1%labour costs held at 1.4%Comments from the report: “While we were optimistic last month, it appears the trend of well below-average confidence remains intact,” “Conditions in the goods sector remain weak,” “Interestingly conditions in the services sectors – recreation…
Matteo ColomboMoody’s Ratings upgraded the State of California’s outlook to stable from negative on Monday on the view that “the state’s fiscal challenges have eased in light of both the implementation of spending adjustments and favorable revenue performance supported by a strong Source link
SAN DIEGO—Kevin Tang, a director at Aurinia Pharmaceuticals Inc. (NASDAQ:), recently acquired a significant number of the company’s common shares, according to a filing with the Securities and Exchange Commission. Between December 5 and December 9, Tang purchased a total of 1.2 million shares for approximately $10.82 million. The shares were bought at prices ranging from $8.91 to $9.09. The biotech company, currently valued at $1.31 billion, has demonstrated strong momentum with revenue growth of 39% over the last twelve months. These transactions were executed through Tang Capital Partners (WA:), LP, and Tang Capital Partners III, Inc., both of which…