Author: FX
The Australian Bureau of Statistics (ABS) showed headline inflation rising by 2.1% from a year ago in October, unchanged from September’s reading and slower than August’s 2.7% increase. Analysts had expected price increases to accelerate to 2.8%. Excluding volatile items and holiday travel, consumer prices rose by 2.4% in October, down from 2.7% in September. Link to ABS October CPI Report Meanwhile, the Reserve Bank of Australia’s (RBA) trimmed mean inflation – an alternative measure of underlying inflation – came in at 3.5% in October, up from 3.2% in September. Details also revealed that: Food and non-alcoholic beverages (+3.3%), Holiday…
LIMA (Reuters) -Peru’s Congress removed Energy and Mines minister Romulo Mucho from his post on Tuesday as protesters from small-scale miners in the Andean nation camped out at the legislature’s building in the capital and intermittently halted traffic throughout the south. Peruvian small-scale miners – many of whom do not operate with proper permits – have been demanding a two-year extension of a program that allows them to operate temporarily. Authorities say the program, meant to regularize the artisanal miners, has caused illegal mining to multiply. In Congress, legislators argued that Mucho had shown a lack of interest and/or ability…
Ever feel like you’re deciphering a foreign language when it comes to technical analysis in the forex market? Fear not, aspiring trader! Today, we’ll be delving into a powerful tool that can simplify trend identification and potentially elevate your trading game – the OBTR MT4 Indicator. Unveiling the OBTR’s Building Blocks: A Deep Dive The OBTR isn’t just another fancy line on your MT4 chart. It’s a composite indicator that draws upon two key elements: Average True Range (ATR): This widely used volatility measure considers the price range (high minus low) alongside the closing price difference from the previous period.…
It was truly a busy session as traders showed mixed reactions to Trump’s tariff threats, economic data releases, and very positive geopolitical developments. What were the key drivers moving financial markets today? Let’s dive into the latest updates! Headlines: US President Trump threatens more tariffs on Canada, China and Mexico Russia reportedly gearing up for cyber war against the U.K. and other allies Chair of NATO’s Military Committee says business should prepare for a “Wartime Scenario” Speaking at the Economic Affairs Committee from the House of Lords, BOE Chief Economist Huw Pill still sees a tight labor market but it…
South Korea’s National Pension Service (NPS) has been selling dollars in the onshore foreign exchange market in recent weeks, helping limit losses in the won as the dollar strengthens. Reuters citing according to two sources familiar with the matter.As the world’s third-largest public pension fund, with assets exceeding $810 billion, the NPS has significant influence on domestic financial markets.“The pension fund has been actively selling dollars in the spot market recently, likely linked to tactical FX hedging or portfolio rebalancing,” one source explained.Another source suggested that this month’s dollar sales were primarily driven by the need for portfolio rebalancing. “The…
luza studiosIris Energy (NASDAQ:IREN) stock jumped 3.6% in Tuesday after-hours trading after the bitcoin-mining and high-performance computing company said it may be able to start distributions to investors in 2025. The company said it’s weeks away from reaching its 31 EH/s Source link
The Greenback shrugged off its bearish start to the week and regained decent upward momentum on Tuesday, supported by a modest recovery in US yields. This came as President-elect Donald Trump proposed implementing tariffs on imports from Canada, Mexico, China, and the EU. Here is what you need to know on Wednesday, November 27: The US Dollar Index (DXY) rose to two-day highs and reclaimed the area above the 107.00 barrier. The PCE will be the salient event, ahead of the usual weekly Mortgage Applications tracked by MBA, the Chicago PMI, Durable Goods Orders, Personal Income and Spending, Wholesale Inventories,…
Our first two trade management case study ideas have put us into two fresh positions in CAD/CHF & EUR/GBP. Let’s take a quick look to see what’s happening and whether or not we should hold heading into the end of the month. 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
WTI crude oil is at the lows of the day, down $0.80 to $68.12 after rising as high as $70.30 early in US trading.The spike to the highs of the day came on a Reuters report saying that OPEC+ nations are discussing a further delay to a planned output return that was slated for January.OPEC is set to meet on Sunday so expect a steady stream of leaks ahead of the meeting. Last week, a report said a resumption in some production could be delayed through Q1, which is the time of year with typically the lowest demand.OPEC is holding…
The Minutes of the Fed’s November 7 gathering will come later. The Committees’ view of a potential move in December takes centre stage. The US Dollar Index remains close to its recent cycle peaks. The Minutes of the US Federal Reserve’s (Fed) November 6–7 monetary policy meeting will be released later on Wednesday at 19:00 GMT. The Committee further eased monetary policy with a 25-basis-point rate cut on November 7, following September’s surprising jumbo rate reduction that caught markets off guard. During that event, Federal Reserve Chair Jerome Powell reportedly avoided providing any clear signals that the central bank might…