Author: FX
The yen is the main mover so far on the day, after Tokyo inflation showed signs of speeding up. That being said, it is worth noting that the higher figures also owes in part to the ending of government energy subsidies. So, there’s that. Nonetheless, traders are taking it at face value with the BOJ potentially looking to use that as an excuse to act in December.Elsewhere, the dollar is marginally lower as it eases back following a steadier showing yesterday. But that follows from a much poorer showing on the eve of Thanksgiving, with month-end flows arguably a factor…
End-of-month flows and a lack of fresh catalysts helped push AUD/USD back up from its November lows. We’ve spotted a potential resistance zone that might kickstart another downswing for the comdoll pair! Here’s what we’re looking at in the 4-hour time frame: AUD/USD 4-hour Forex Chart by TradingView Major U.S. dollar counterparts like the Aussie got a breather this week as uncertainty over the Fed’s next rate cuts and end-of-month flows helped drag the Greenback lower. Reserve Bank of Australia (RBA) Governor Bullock also went under the spotlight this week to say that core inflation remains too high to consider…
GBP/USD strengthens further beyond 1.2700, over two-week top on weaker USD The GBP/USD pair gains some follow-through positive traction during the Asian session on Friday and touches a two-week top, around the 1.2715 region in the last hour. Spot prices have now rallied over 200 pips from the weekly trough and look to build on the recent recovery from sub-1.2500 levels, or the lowest since May 2024 touched last Friday amid subdued US Dollar (USD) demand. Read More… GBP/USD heads into a thin Friday on a quiet note GBP/USD saw a quiet Thursday session, trading on the thin side…
The major assets took a chill pill on Thursday as traders priced in a lack of top-tier data releases and the U.S. markets out on Thanksgiving holiday. Some popular U.S. dollar counterparts got a few points in, while others took directional cues from individual headlines. We’re detailing Thursday’s most notable market moves: Headlines: ANZ: New Zealand business confidence eased from 65.7 to 64.9 in November; Employment intentions jumped from 14.2 to 14.7; Pricing intentions fell from 44.2 to 42.2 Australia private capital expenditure for Q3 2024: 1.1% q/q (0.9% expected, -2.2% previous) Spain flash CPI for November: 2.4% y/y (2.3%…
By Alasdair Pal and Cordelia Hsu SYDNEY (Reuters) -Australians reacted on Friday with a mixture of anger and relief to a social media ban on children under 16 that the government says is world-leading, but which tech giants like TikTok argue could push young people to “darker corners of the internet”. Australia approved the social media ban for children late on Thursday after an emotive debate that has gripped the nation, setting a benchmark for jurisdictions around the world with one of the toughest regulations targeting Big Tech. The law forces tech giants from Instagram and Facebook owner Meta Platforms…
ANZ on gold, a note highlighting:gold prices higher on the prospect of a December Fed rate cut after the US personal consumption expenditure data earlier in the week came in line with expectations pricing up around a 70% chance for a 25bps rate cut in December, from just over 50% a week agogeopolitical tensions in Europe after Russia’s missile attack on Ukraine is also a tailwind for safe-haven asset This article was written by Eamonn Sheridan at www.forexlive.com. Source link
The Ehlers Fisher Transform and Step Average Forex Trading Strategy offers traders a unique approach to analyzing market trends and making informed trading decisions. The Fisher Transform, developed by renowned trader John Ehlers, is designed to convert price data into a Gaussian distribution, helping traders identify potential reversals with enhanced accuracy. By transforming price movements into a more statistically manageable format, the Fisher Transform filters out market noise and highlights significant price deviations, enabling traders to capitalize on momentum shifts that might otherwise go unnoticed. Complementing the Fisher Transform is the Step Average, an innovative trend-following indicator that smooths out…
The ever-evolving world of financial markets demands resourceful tools to navigate the complex dance of prices. Enter the Ichimoku Cloud MT4 Indicator, a captivating blend of tradition and technology, empowering traders with a multifaceted approach to market analysis. This guide dives deep into the intricacies of the Ichimoku Cloud, exploring its components, interpreting its signals, and harnessing its potential within the user-friendly MT4 platform. Unveiling the Ichimoku Cloud The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, translates to “equilibrium chart at a glance.” Developed by Japanese journalist Goichi Hosoda in the 1930s, it aimed to capture the essence of…
USD/JPY weakens to near 150.95 in Friday’s early Asian session, down 0.35% on the day. The hotter Japan’s Tokyo CPI data could support the case for a BoJ rate hike at its December meeting. The cautious stance of the Fed might cap the pair’s downside. The USD/JPY pair loses traction to around 150.95 during the early Asian session on Friday. The Japanese Yen (JPY) edges higher after the hotter-than-expected Japan’s Tokyo Consumer Price Index (CPI) inflation report for November. Data released by the Statistics Bureau of Japan on Friday showed that the headline Tokyo Consumer Price Index (CPI) climbed by 2.6%…
It’s been a quiet one in US trading so far as FX trade sideways.Friday will be a tad more lively with stocks and bonds back open but it’s a de facto holiday as well and the US economic calendar is bare. There will be Canadian GDP tomorrow as Canada isn’t on holiday. This article was written by Adam Button at www.forexlive.com. Source link