Author: FX

By Lisa Pauline Mattackal (Reuters) – U.S. small-cap stocks have surged to near record highs following Donald Trump’s presidential election win, but some investors are wary of chasing the rally as they fear his policies could drive a resurgence in inflation, hurting the rate-sensitive sector. The index has soared nearly 31% since the election on Nov. 5, outperforming gains in major indexes on expectations that Trump’s proposals to cut taxes, decrease regulations and increase tariffs would lift domestically focused small caps. But some analysts and portfolio managers believe the policies could drive up the cost of goods and stoke inflation,…

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The Pound Sterling trades with caution near a three-month low of around 1.2750 against the US Dollar as investors brace for US inflation data for October. Market expectations for the Fed to cut interest rates in December have slightly diminished. Investors await BoE Mann’s speech and a slew of Fed speakers for fresh interest rate guidance. The Pound Sterling (GBP) trades cautiously near a fresh three-month low around 1.2750 against the US Dollar (USD) in Wednesday’s North American session. The GBP/USD pair faces pressure with investors focusing on the United States (US) Consumer Price Index (CPI) data for October, which will be published at…

By Tetsushi Kajimoto and Makiko Yamazaki TOKYO (Reuters) – Japan will act appropriately against excess movements on the foreign exchange market, former currency chief Masato Kanda told Reuters, issuing a warning as the country continues to feel pain from a weaker yen. Kanda, now a special adviser to Prime Minister Shigeru Ishiba and the finance ministry, said in an interview that currency market volatility had increased reflecting recent changes in monetary policies and political situations in major countries. “There is no change to our stance that we will need to respond appropriately to excess movements on the currency market as…

Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straightforward approach utilizes 2 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 Flip 55 strategy has identified a trading opportunity on the AUD/CHF pair within the H4 timeframe. I’ve shared a trade setup image for your…

Eurostoxx -0.3%Germany DAX -0.2%France CAC 40 -0.1%UK FTSE +0.1%Spain IBEX flatItaly FTSE MIB -0.2%There’s some push and pull in the opening stages but the changes here don’t take away from the heavy selling yesterday. As mentioned since last week, the outlook for European indices remain challenging considering the more dour economic outlook in the region. So far today, US futures are also a little more subdued with S&P 500 futures down 0.3%. This article was written by Justin Low at www.forexlive.com. Source link

USD/CHF extends its upside to near 0.8830 in Wednesday’s early European session.  The US October CPI inflation data will take center stage on Wednesday.  The uncertainty surrounding Trump’s policy and geopolitical risks might cap the pair’s upside. The USD/CHF pair trades in positive territory for the fourth consecutive day around 0.8830 during the early European session on Wednesday. The rally in the US Dollar (USD) due to the Trump trades provides some support to the pair.The Trump trades have underpinned the Greenback and US Treasury bond yields as markets expect the Federal Reserve (Fed) to slow the pace of future…

U.S. stock markets have been on quite a run lately, but are we finally seeing signs of a rally correction on the S&P 500 index? Check out these nearby inflection points! S&P 500 Index (SP500) 4-hour Chart by TradingView Optimism for business-friendly policies under another Trump administration have allowed U.S. equity indices to surge, pushing the S&P 500 index past the ceiling around $5,900 onto fresh record highs past the $6,000 barrier. This psychological mark appears to be holding as strong resistance, however, paving the way for profit-taking to spur a correction to nearby support zones. Are stock market bulls…

Nov. 13, 2024 12:51 AM ETEWJ, JEQ, FXI, PGJ, EWH, DXJ, CAF, FXY, USD, GXC, TDF, CHIQ, YINN, YANG, CQQQ, MCHI, CXSE, KWEB, ASHR, KBA, CWEB, KURE, AS51, NKY:IND, SHCOMP, HSI, SENSEX, AUD:USD, NZD:USD, JPY:USD, CNY:USD, INR:USD, HKD:USDBy: Meghavi Singh, SA News Editor Nikada Asia-Pacific markets trade in red on Wednesday following Wall Street’s overnight losses, amid concerns that President-elect Donald Trump’s proposed policies will rekindle inflation and keep US interest rates high. The Japan (NKY:IND) fell -1.70% to around 39,100 while the Source link

By Roushni Nair (Reuters) – Commonwealth Bank of Australia (OTC:) reported first-quarter cash earnings slightly ahead of market consensus on Wednesday, helped by improved volumes in its home lending and household deposits portfolio and buoyant margins amid high interest rates. Transaction (JO:) accounts increased by 121,000 in the retail bank segment and home loans grew by A$8.6 billion ($5.61 billion), despite deposit price competition and volatility ahead of a large loan repayment to the central bank in the second half. The country’s biggest lender cautioned that economic growth remains sluggish as elevated interest rates, at a 12-year high of 4.35%,…