Author: FX

SES S.A. reports Q3 results Source link

Prior 5.00%Bank rate vote 8-1 vs 7-2 expected (Mann dissented to keep bank rate at 5.00%)There has been continued progress in disinflationBut domestic inflationary pressures are resolving more slowlyMost of the remaining persistence in inflation may dissipate quicklyThis as pay and price-setting dynamics continue to normalise following the unwinding of the global shocksThe combined effects of the measures announced in Autumn Budget 2024 are provisionally expected to boost the level of GDP by around 0.75% at their peak in a year’s timeThe Budget is provisionally expected to boost CPI inflation by just under 0.5% at the peakThere remains significant uncertainty…

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 EUR/JPY pair within the H4 timeframe. I’ve shared a trade setup image for your…

The Pound Sterling rebounds against the US Dollar, which corrects after Wednesday’s rally. The US Dollar should remain well-supported by Trump’s victory in the US presidential election. Investors await the Fed and the BoE’s monetary policy decisions, with markets expecting both central banks to cut interest rates by 25 bps. The Pound Sterling (GBP) bounces to near 1.2900 against the US Dollar (USD) in Thursday’s London session after refreshing an almost 11-week low near 1.2830 on Wednesday. The GBP/USD pair rebounds as the US Dollar (USD) corrects slightly after a sharp rally. The US Dollar Index (DXY), which gauges Greenback’s value against six…

Well, that’s some contrast to the call by Nomura here which forecasts the Fed to cut by just once in 2025. But I guess the wide range of differing views highlights the uncertain nature of the Fed outlook now that Trump is president. As for markets, traders are pricing in ~89 bps of rate cuts by June next year at least. This article was written by Justin Low at www.forexlive.com. Source link

Gold price depreciated as the US Dollar appreciated to a four-month high due to Trump trades. Precious metals are under pressure as safe-haven flows decline due to market optimism. The non-yielding XAU/USD faces challenges as US Treasury yields trade near the highest levels since July. Gold price (XAU/USD) extends its losses for the second successive session on Thursday. The dollar-denominated precious metal faces downward pressure from a stronger US Dollar (USD) following the victory of former President Donald Trump in the US election. Gold prices are under pressure as safe-haven flows decline amid market optimism and “Trump trades.” This shift…

Bitcoin (BTC/USD) was one of the biggest movers yesterday after Trump’s election win upped the odds of cryptocurrency-friendly policies. We’re eyeing potential support levels after BTC/USD has turned lower from its new record highs! Bitcoin (BTC/USD) 4-hour Chart by TradingView What dollar domination? Bitcoin was one of the strongest performers yesterday after Trump – a candidate who embraced the crypto scene – won the U.S. presidential elections. The U.S. dollar also gained support yesterday but was no match for the bitcoin HODLers who had FOMO on the crypto action. Remember that directional biases and volatility conditions in market price are…

EUR/GBP has been pacing back and forth between support at the .8300 handle and resistance around .8450. Is it gearing up for a breakout soon? Or are we about to see another bounce off these inflection points? EUR/GBP 4-hour Chart by TradingView Dovish European Central Bank (ECB) rhetoric appears to be weighing on the shared currency this month, despite some improvements in mid-tier data from the region’s top economies. On top of that, the U.S. election results also seem to be adding downside pressure on expectations of higher tariffs and potential trade conflicts with Europe during another Trump presidency. These…

Investing.com– China’s trade balance grew more than expected in October, as export growth blew past expectations on robust overseas demand and local production, while imports shrank amid weak local demand.  grew to $95.27 billion in October, customs data showed on Thursday. The reading was higher than expectations for a surplus of $73.5 billion and increased from the $81.71 billion seen in the prior month.  The stronger trade surplus was driven chiefly by a substantial increase in , which grew 12.7% year-on-year in October. The rise was much higher than expectations for an increase of 5%, and picked up sharply from…

Is the Canadian economy expecting another jobs slowdown that could keep the Bank of Canada (BOC) dovish? Or are we about to see a rebound that could change their policy bias? Here are the points you need to know if you’re thinking of trading Canada’s October jobs release. 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