Author: FX
Here is what you need to know on Monday, December 9: Financial markets stay relatively calm early Monday as investors refrain from taking large positions ahead of this week’s key events and data releases. Sentix Investor Confidence for December will be featured in the European economic docket and later in the day the US Census Bureau will publish Wholesale Inventories data for October. US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD…
Kagenmi Japan’s economy grew by 0.3% quarter-on-quarter in the three months to September, surpassing the preliminary estimate and market expectations of 0.2%, the final figures revealed. This marked the second consecutive period of quarterly growth, with business investment declining less than initially anticipated. Source link
By Jeff Mason and Allende Miglietta WASHINGTON (Reuters) – Singer-songwriter Bonnie Raitt, filmmaker Francis Ford (NYSE:) Coppola, jazz musician Arturo Sandoval and rock band the Grateful Dead were celebrated at the Kennedy Center Honors on Sunday. The Kennedy Center also honored Harlem’s famed Apollo theater, the first time an institution has received what is considered the top U.S. award for achievement in the arts. The audience gave a rousing ovation to outgoing President Joe Biden who earlier on Sunday said artists used their talents to “challenge power freely and without fear”. Biden has attended the event each year of his…
Strategy: 3/12 Tunnel The 3/12 Tunnel is a trend-following strategy. This straight forward approach utilizes 3 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than H1, optimal results are typically achieved within the H1, H4, and Daily timeframes. Trade Details Currently, the 3/12 Tunnel strategy has identified a trading opportunity on the USD/CHF pair within the H4 timeframe. I’ve shared a trade setup image for…
The Reserve Bank of Australia’s (RBA) is expected to keep its interest rates on hold again this month, cementing its position as one of the more hawkish central banks around. Our Event Guide for RBA’s Decision shares that, while leading indicators are coming in mixed, recent statements by key RBA officials point to the central bank sitting on its hands again in December. But with the decision widely anticipated, and with RBA members like Gov. Bullock, Deputy Gov. Hauser, and Assistant Gov. Hunter making speeches throughout the week, there’s room for shifts in the RBA’s relatively hawkish biases…
The upcoming RBA decision could reinforce the Australian central bank’s position as one of the more hawkish ones around, as policymakers are expected to keep rates on hold again. Our Event Guide for the RBA Statement highlighted how the previous meeting minutes and Governor Bullock’s testimonies mentioned how inflation remains “too high” for them to even consider easing in the near-term. Here’s what I’m looking at on EUR/AUD and AUD/CAD if the RBA retains its optimistic tone. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable…
Is the Reserve Bank of Australia (RBA) gearing up for another hawkish policy statement? Or are we about to see a dovish shift this time? Read on to see what the markets expect from the RBA and how the Australian dollar may react to 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 Fast EMA and Corrected JMA Forex Trading Strategy is a dynamic approach that leverages the strengths of two distinctive moving averages: the Fast Exponential Moving Average (EMA) and the Corrected Jurik Moving Average (JMA). This strategy is built on the premise that combining the quick responsiveness of the Fast EMA with the smooth, low-lag performance of the Corrected JMA provides traders with a more precise view of market trends. The Fast EMA responds rapidly to recent price movements, making it ideal for capturing short-term trends, while the Corrected JMA is designed to filter out market noise, ensuring that traders…
AUD/USD trades in positive territory near 0.6400 in Monday’s early Asian session. US Nonfarm Payrolls was stronger than expected in November, rising by 227,000 vs. 36,000 prior. The RBA is expected to hold the interest rate steady at 4.35% at its meeting on Tuesday. The AUD/USD pair gains ground to around 0.6400 on the weaker US Dollar (USD) during the Asian session on Monday. There are no Federal Reserve (Fed) speakers this week due to the media blackout. All eyes will be on the Reserve Bank of Australia (RBA) interest rate decision on Tuesday, with no change in rates expected. Data released…
By Andrew Osborn and Maxim Rodionov (Reuters) -Syria’s former President Bashar al-Assad is in Moscow with his family after Russia granted them asylum on humanitarian grounds, a Kremlin source told Russian news agencies on Sunday, and a deal has been done to ensure the safety of Russian military bases. Russia’s Foreign Ministry said earlier that Assad had left Syria and given orders for a peaceful transfer of power, after rebel fighters raced into Damascus unopposed on Sunday, ending nearly six decades of his family’s iron-fisted rule. “Syrian President Assad of Syria and members of his family have arrived in Moscow.…