Author: FX
New Zealand is expecting to see a dip in hiring for Q3 2024, but what if the actual figures surprise to the upside? Our Event Guide for the NZ Employment Report reveals that business surveys have reported increased employment intentions for the past three months. Here’s what I’m looking at on NZD/CHF and NZD/CAD in case the jobs numbers beat market estimates. 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…
Can the upcoming quarterly jobs report from New Zealand keep the RBNZ dovish? Expectations are for a dip in hiring for the third quarter of 2024, possibly supporting the case for another interest rate cut. Here are the points you need to know when trading this major catalyst. 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
Traders mostly stayed on the sidelines on Monday as traders price in the uncertainty of the U.S. elections and this week’s top-tier calendar events. Still, crude oil got a small boost from OPEC+ delaying a production increase plan while bitcoin, equities, and the U.S. dollar unwound some of the “Trump trade” moves. Headlines: Over the weekend, OPEC+ members agreed to delay output hike by one month Wall Street’s Trump trade unravels after a shock poll dented his election odds Australia MI inflation gauge up from 0.1% m/m to 0.3% in Oct HCOB France final Manufacturing PMI confirmed at 44.5 as…
The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.Previous reference rate was 7.1203Previous close was 7.1011 PBOC injects 18bn yuan via 7-day RR, sets rate at 1.5% 383bn yuan mature today net drain is 365bn yuan**************** This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Ever feel lost in the ever-changing tides of the financial markets? You’re not alone. Identifying trends can be a daunting task for both seasoned traders and curious newcomers. But fear not, for the world of technical analysis offers a powerful tool to shed light on price movements: the Average Directional Index (ADX) MT4 Indicator. This article delves deep into the world of the ADX, equipping you with the knowledge and confidence to navigate the ever-shifting landscapes of the market. We’ll explore its origins, decode its components, and unveil how to interpret its signals to make informed trading decisions. So, buckle…
GBP/USD flat lines around 1.2950 in Tuesday’s early Asian session. The Greenback loses ground in response to improved polling for Democratic candidate Kamala Harris. The Bank of England is expected to cut interest rates at its November meeting on Thursday. The GBP/USD pair trades flat near 1.2950 during the early Asian session on Tuesday. Traders will closely monitor the outcome of the US presidential election. On Thursday, the attention will shift to the Bank of England (BoE) and the US Federal Reserve (Fed) monetary policy decisions. Meanwhile, the US Dollar Index (DXY), which tracks the USD’s value against six major currencies, broke…
William D. Mosley, Chief Executive Officer of Seagate Technology Holdings plc (NASDAQ:STX), has sold a significant portion of his holdings in the company. According to a recent SEC filing, Mosley divested a total of 20,000 ordinary shares on November 1, 2024, amounting to approximately $1.99 million. The shares were sold at prices ranging from $99.16 to $100.93 per share. Following the transactions, Mosley retains ownership of 642,497 shares in the data storage company. These sales were conducted under a pre-established Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks, thereby avoiding concerns…
The next few days are some big ones for the markets and for you too as a trader in the markets. The US election is a toss-up, which given the history of the past elections will likely lead to chaos. Everything and anything can happen. If it were a sporting event, it would be considered the Super Bowl, the World Series, the World Cup finals or other significant game pitting the two heavyweights. That event will influence your trading or will it?I like to think of trading as preparing for a game – a sport – where teams, coaches, and…
In the fast-evolving climate tech marketplace, knowing where to focus your entrepreneurial energy can be the difference between building the next breakthrough solution and getting lost in the exciting noise. A new Goldman Sachs Research report (GS Oct. 31st 2024) has just mapped out a $75 trillion investment opportunity through 2070 – and for green entrepreneurs, it’s essentially a treasure map of where capital will flow over the coming decades. Follow the money: Key investment hotspots Power networks ($7T) This isn’t just about building more solar panels. The real opportunity lies in solving the complex challenge of modernizing and expanding…
With an extra busy trading week ahead, are you really supposed to bounce pounce on ALL the opportunities to make profits? Contrary to what some might think, staying on the sidelines doesn’t necessarily mean that you’re a lazy trader. In fact, there are cases when sitting tight and refraining from taking any setups is a trading decision in itself. Here are the top four scenarios wherein it might be better to patiently wait on the sidelines instead of jumping in a trade: 1. You’re feeling out of sync with the markets. Admit it. There are days when you’re not exactly…