Author: FX
Australia has its CPI report lined up this week, and traders are keen to find out if sticky price pressures are still likely to keep the RBA hawkish. Our Event Guide for the October CPI release lists a handful of leading indicators suggesting elevated consumer inflation for the month, possibly supporting expectations for restrictive RBA monetary policy for much longer. Here’s what I’m watching on AUD/JPY and AUD/CAD in this scenario. 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…
(Reuters) – President-elect Donald Trump’s nominee for U.S. Treasury secretary, Scott Bessent, will prioritize delivering on election tax cut pledges, he told the Wall Street Journal in an interview published on Sunday. Tax cuts policy measures would include making Trump’s first term tax cuts permanent as well as eliminating taxes on tips, social-security benefits and overtime pay, the WSJ said. Bessent would also focus on enacting tariffs, cutting spending and maintaining the status of the dollar as the world’s reserve currency, he told the newspaper. Source link
Heads up, Aussie traders! The Land Down Under has its October CPI report up for release soon, likely influencing RBA monetary policy expectations. Here are the points you need to know when trading this top-tier economic 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 Axios report cites Israeli and US officialsIsrael and Lebanon are on the cusp of a ceasefire agreementIsraeli media has reported that Israel agreed in principle to the proposal for a ceasefire in LebanonIsrael Broadcasting Corporation agreement with Lebanon not yet reached, issues remain.We’ll see. Remember though, for markets hope is a four-letter word. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
The Better Bollinger Band and Hull Levels Forex Trading Strategy combines the strengths of two powerful trading indicators to create a comprehensive approach for navigating the forex market. Bollinger Bands, developed by John Bollinger, are well-known for their ability to gauge volatility and identify potential price reversals through the use of upper and lower bands that represent standard deviations from a moving average. By understanding how prices interact with these bands, traders can make informed decisions about entry and exit points. When combined with the Hull Moving Average (HMA), a trend-following indicator renowned for its responsiveness and smoothness, this strategy…
The foreign exchange market, or forex for short, can be a thrilling yet intimidating arena for new traders. Prices constantly fluctuate, and deciphering these movements to make informed trading decisions requires a solid grasp of technical analysis. Thankfully, a wealth of tools exists to empower traders, and the ASC Trend MT5 Indicator is a valuable addition to any forex trader’s arsenal. This comprehensive guide dives deep into the ASC Trend MT5 Indicator, unpacking its functionality, interpreting its signals, and exploring how to integrate it seamlessly into your trading strategy. Whether you’re a seasoned pro or a curious newcomer, this guide…
Gold price attracts some buyers to near $2,720 in Monday’s early Asian session. Heightened geopolitical tensions between Russia and Ukraine lift the Gold price. The cautious stance from the Fed might cap the upside for Gold. The Gold price (XAU/USD) jumps to around $2,720 during the early Asian session on Monday. The sell-off in the US Dollar (USD) provides some support to the USD-denominated Gold price. Additionally, rising geopolitical tensions continue to underpin safe-haven assets like yellow metal. Investors will closely monitor the developments surrounding the Russia-Ukraine conflicts. Last week, Russian President Vladimir Putin lowered the threshold for a nuclear strike…
Fluence Energy (NASDAQ:FLNC) is scheduled to announce Q4 earnings results on Monday, November 25th, after market close. The consensus EPS Estimate is $0.29 (+1350.0% Y/Y) and the consensus Revenue Estimate is $1.29B (+91.7% Y/Y). Over the last 1 year, FLNC Source link
(Reuters) – Oil major BP (NYSE:)’s former CEO Bernard Looney is set to chair Prometheus Hyperscale, the U.S.-based data company said on Sunday. Looney, who resigned in 2023 after four years in the British energy giant’s top job for failing to fully disclose details of past personal relationships with colleagues, will provide strategic guidance on the development of the data-driven company’s growth plans, Prometheus Hyperscale said in a statement. In his new role, Looney will also assist with tasks including work on the company’s flagship $10 billion data center in Evanston, Wyoming, Prometheus Hyperscale said. “I’m wishing BP well, and…
New Zealand retail sales data for Q3 is the highlight. Retail spending in NZ has been pressured by high rates and a weak economy, and this is expected to show in the data again today, despite the RBNZ kicking off its easing cycle in August:The RBNZ reduced the Official Cash Rate (OCR) by 25 basis points, bringing it down to 5.25%. This marked the first rate cut since March 2020, signaling a shift from the previous tightening stance.with another cut in October:In response to a weakening economy and subdued inflation, the RBNZ implemented a more substantial cut of 50 basis…