Author: FX
Australia will release the Consumer Price Index (CPI) report on Wednesday, and it is expected to show inflation rose 3.6% year over year in December, slightly above the previous reading of 3.4%. The monthly CPI is foreseen at 0.7% after posting 0% in November.The Australian Bureau of Statistics (ABS) will also release the Trimmed Mean CPI, the Reserve Bank of Australia’s (RBA) favorite inflation gauge. The annual figure is expected to print at 3.2%, matching the previous reading, while on a monthly basis, the Trimmed Mean CPI is forecast at 0.2%, down from the 0.3% posted in the previous month.…
When uncertainty hits, traders choose sides—and right now, Bitcoin’s getting left behind. Let’s try to break it down and understand this current market rotation dynamic. Bitcoin has been stuck in a frustrating rut. After starting January near $95,000, the world’s largest cryptocurrency has spent most of the past week hovering around $87,000-$88,000, struggling to regain momentum. Meanwhile, gold has been on an absolute tear, smashing through $5,000 per ounce on Monday, January 27 and hitting a fresh all-time high above $5,100 before pulling back slightly. This isn’t just about two assets moving in opposite directions. It’s about a fundamental shift…
Silver is up 2% today to $106.37 but it’s down intraday from a high of $113 and hasn’t challenged yesterday’s high near $118.It’s been a magical run for silver but there are red flags and signs of exhaustion emerging.For one, it looks like retail traders piled in. That’s usually a sign of a top, as they’re last to the part. The exceptions though, seem to be in the post-pandemic period when retail rushes into meme stocks like GME or AMC and it becomes a freeding frenzy, leading to massive overshoots that last longer than anyone expects. From Bloomberg’s Eric Balchunas,…
The MUFG report highlights the expected underperformance of the Indonesian Rupiah (IDR) due to a dovish central bank stance and concerns regarding policy independence following recent appointments. The report notes that capital inflows remain scarce, which is a key constraint for the IDR moving forward. The analysis suggests a challenging outlook for IDR in the current environment.Challenges for Indonesian Rupiah”Apart from the global drivers, we still see Asian high yielding currencies such as IDR and INR underperforming moving forward with their central banks remaining dovish and capital inflows still hard to come by.””For IDR, increasing concerns around central bank policy…
CaseShiller data for the 20-largest metropolitan areas:Prior annual price rise 1.3%Monthly November price +0.5% vs +0.3% priorNon-seasonally adjusted 0.0% vs -0.3%November national numbersAnnually 1.9% vs +1.7% prior (revised to +1.8%)Monthly +0.6% vs +0.4% priorIndex 439.3 vs 436.7 priorFHFA indexIs the US housing market coming to life?It’s take awhile for home buyers to realize that the ultra-low pandemic borrowing rates aren’t coming back. Even if the Federal Reserve cuts by another 100 bps, the long end isn’t going to move much.At some point the renters will have to come off the sidelines and take the 30-year mortgages or shift into adjustable-rate…
Elliott Wave Theory states that market trends unfold in five impulsive waves and correct in three waves. Building on this foundation, EWF has developed an enhanced and more systematic approach to Elliott Wave analysis by integrating wave sequences and high-frequency trading concepts,. We discussed this topic in our article The Elliott Wave Theory and High-Frequency Trading. This evolution of the theory allows us to identify higher-probability entry zones with greater precision and consistency for our members. We will utilize this concept in evaluating Delta Airlines (DAL).Financial markets do not operate in isolation. Rather, they move as a unified system. As…
It’s crazy to think that at this time last year, silver was trading at $30. And here we are today talking about near $10 price swings in just one day. These are nearly once-in-a-lifetime moves we’re seeing in the commodities space and it’s absolutely wild. Since the start of the year, the run up in silver has gone parabolic and things are continuing down that path this week.The precious metal has easily breezed past the $100 mark with the high yesterday touching $117.75. All that before a bout of profit-taking hit and the pair fell back to around $103 levels…
The 99 Win Non Repaint Scalping Indicator is a signal-based tool designed for MetaTrader 4 that focuses on short-term price movements. Unlike indicators that redraw historical signals to inflate their accuracy, this one locks its alerts the moment they trigger. Once an arrow appears on your chart, it stays there—for better or worse. The indicator works across multiple timeframes but shows its strength on the 1-minute and 5-minute charts where scalpers operate. It generates buy and sell signals through a combination of price momentum analysis and volatility filters. When conditions align, traders get visual arrows and optional sound alerts. Here’s…
Markets widely expect the Fed to hold interest rates steady in January, as the benchmark rate settles into what many officials now view as neutral territory. How might the U.S. dollar react to the event? Here are points you should know if you’re trading the FOMC’s January policy updates! 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
EUR/USD is expected to continue its upward trajectory, closing at 1.1879. The report notes that while there is scope for further gains, the major resistance at 1.1920 is likely out of reach for now. The next support levels are identified at 1.1855 and 1.1830. UOB Group Senior Technical Strategist Quek Ser Leang and Economist Lee Sue Ann notes..EUR likely to rise further”24-HOUR VIEW: EUR soared last Friday. Yesterday, we indicated that “while the sharp rally appears overstretched, there is a chance for EUR to test last year’s high, near 1.1920.” We noted that “the 1.1900 level is likely to provide…