Author: FX
Unless the report’s components all point to a strong labor market and sticky high wage pressures, GBP traders could still price in further BOE rate cuts. Source link
With the BOE emphasizing a “gradual approach” to easing, can the upcoming U.K. jobs release further dampen hopes of another interest rate cut soon? Our Event Guide for the U.K. Employment Report noted a potential uptick in wage growth, which could continue to lift overall inflationary pressures and give the central bank enough reason to pause easing. Here’s what I’m watching on GBP/CHF and GBP/CAD if that happens. 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…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Buckle up for another action-packed trading week, forex friends! This week’s top-tier data include U.S. inflation reports, labor market from the U.K. and Australia, and China’s data dump that could shake up market sentiment. But before all that, make sure you’re updated on the global intermarket moves and major FX themes that pushed the major financial assets around last week. Now here’s what market analysts are expecting from the top-tier events: 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…
EUR/USD remains under pressure as the US Dollar appreciates amid likelihood of Trump increasing import tariffs and reducing corporate taxes. Trump’s fiscal policies could heighten inflation risks, potentially prompting the Fed to adopt a more restrictive monetary policy stance. German Chancellor Olaf Scholz dissolved the ruling coalition, leading to new elections to restore stability amid political uncertainty. The EUR/USD pair continues to face downward pressure for a second consecutive session, hovering around 1.0720 during Monday’s Asian trading hours. The pair is weighed down by a stronger US Dollar (USD) and political uncertainties in Germany. Investors are anticipating a less dovish stance from the…
The allure of the foreign exchange market, or Forex, is undeniable. With its 24-hour accessibility and potential for high returns, it beckons traders of all stripes. But navigating the ever-shifting currents of currency pairs can be a daunting task. Here’s where Forex trend MT4 indicators come in – powerful tools that can equip you to identify trends and make informed trading decisions. This comprehensive guide dives deep into the world of MT4 trend indicators, empowering you to unlock their potential and refine your Forex trading strategy. We’ll explore the fundamentals of trend trading, delve into the functionalities of the MT4…
BEIJING (Reuters) -China’s consumer prices rose at the slowest pace in four months in October while producer price deflation deepened, data showed on Saturday, even as Beijing doubled down on stimulus to support the sputtering economy. In its latest stimulus measures, the country’s top legislative body approved a 10 trillion yuan ($1.4 trillion) package on Friday to ease local government “hidden debt” burdens, rather than directly injecting money into the world’s second-biggest economy, as some investors had hoped. Analysts say the package will likely do little to boost economic activity, demand and prices in the near term. The consumer price…
Japanese lawmakers will vote today, Monday, November 11, 2024, whether Prime Minister Shigeru Ishiba remains the country’s Prime Minister. Ishiba called a snap election when he won the Liberal Democratic Party (LDP) contest for leadershipAt that election, the party lost its lower house majority that held since 2012The LDP and coalition partner New Komeito did, however, win the largest number of seats and have since been jockeying to form government with the support of minor partiesSmall opposition Democratic Party for the People (DPP) has emerged as a “kingmaker”. DPP has said it may support the LDP/K on a policy by…
By Humeyra Pamuk WASHINGTON (Reuters) -U.S. President Joe Biden will discuss top domestic and foreign policy priorities with President-elect Donald Trump when the two meet on Wednesday, and will urge him not to abandon Ukraine, national security adviser Jake Sullivan said on Sunday. Republican Trump will take office on Jan. 20 after defeating Vice President Kamala Harris in the Nov. 5 presidential election. Biden invited Trump to come to the Oval Office on Wednesday, the White House said. In an interview on CBS News’ “Face the Nation” show, Sullivan said Biden’s top message will be his commitment to ensure a…
This week our currency strategists focused on the RBA Monetary Policy Statement and New Zealand Employment Report for potential high-quality setups. Out of the eight scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay. Check out our review on those discussions to see what happened! Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d like to…