Author: FX
Rate cuts by year-endFed: 42 bps (94% probability of rate cut at the upcoming meeting) 2025: 119 bpsECB: 23 bps (91% probability of 25 bps rate cut at the upcoming meeting) 2025: 121 bps BoE: 30 bps (80% probability of rate cut at the upcoming meeting) 2025: 94 bps BoC: 32 bps (72% probability of 25 bps rate cut at the upcoming meeting) 2025: 114 bps RBA: 5 bps (96% probability of no change at the upcoming meeting)2025: 52 bps RBNZ: 54 bps (84% probability of 50 bps rate cut at the upcoming meeting/16% for a 75 bps cut) 2025:…
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 USD/CAD pair within the H1 timeframe. I’ve shared a trade setup image for your…
USD/CHF trades in negative territory for the second consecutive day near 0.8655 in Thursday’s early European session. Global political uncertainty and geopolitical risks boost the Swiss Franc, a traditional safe-haven asset. Investors await the US PCE inflation data for more cues on the Fed’s policy path. The USD/CHF pair drifts lower to around 0.8655 during the early European session on Thursday. Persistent safe-haven flows amid the uncertainty surrounding the US presidential election on November 5 and Middle East tensions continue to support the Swiss Franc (CHF). The US economic data continues to suggest that the US economy remains strong and supports…
By Amy Tennery NEW YORK (Reuters) -The Los Angeles Dodgers mounted a comeback for the ages to beat the New York Yankees 7-6 in Game Five on Wednesday and win their first World Series since 2020. The Dodgers trailed 5-0 in the fifth inning and were down a run in the eighth before a sacrifice fly from All-Star Mookie Betts capped the biggest comeback win in a clinching game in World Series history. New York had hoped to become the first team to force a Game Six after trailing 0-3 in a World Series but fell flat in their first…
The U.S. dollar pulled back some of its weekly gains after an advance GDP reading disappointed market expectations. Are we looking at an opportunity to buy the Greenback at lower levels? We’re zooming in on the 4-hour chart to check out a range setup: U.S. Dollar Index (DXY) 4-hour Forex Chart by TV In case you missed it, the U.S. dollar had a strong start to the week as rising U.S. bond yields and speculations of sticky high inflation (and higher for longer Fed interest rates) under a Trump presidency pushed the U.S. dollar higher. The Greenback has given up…
Uncle Sam is about to drop its October labor market numbers! Will the results inspire repricings of interest rate cut expectations for the Fed? More importantly, how may the U.S. dollar react to the news? We have the points you need to know if you’re trading the 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
Bank of Japan statement, October 31 2024. more to come—Background to this is here:Bank of Japan Policy Meeting Preview – Don’t Hold Your Breath for a HikePreview – Bank of Japan meeting this week – no change to policy expectedJapanese Inflation Data Impact on USD/JPY; BoJ Meeting OutlookStill to come is Bank of Japan Governor Ueda press conference at 0630 GMT, 0230 US Eastern time. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
It was another volatile day in the financial markets, as currencies and asset classes dealt with a handful of top-tier catalysts. Not only did Uncle Sam print the Q3 advance GDP, but Australia also released its quarterly inflation report while big tech companies like Meta and Microsoft released earnings figures. Check out the latest headlines driving price action! Headlines: Australia CPI q/q: 0.2% (0.3% expected, 1.0% previous) annual reading down from 2.7% to 2.1% vs. 2.3% forecast Japanese consumer confidence index dipped from 36.9 to 36.2 in October (36.7 forecast) German preliminary CPI accelerated from 0.0% to 0.2% m/m in…
China’s official Manufacturing Purchasing Managers’ Index (PMI) rose to 50.1 in October, compared to 49.8 in the previous reading. The reading beated the market consensus of 50.0 in the reported month. The NBS Non-Manufacturing PMI improved to 50.2 in October versus September’s 50.0 figure and the estimates of 50.4. Market reaction At the time of writing, the AUD/USD pair is trading around 0.6573, up 0.02% on the day. Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key…
The ZP DayTrading and Fractals Arrows Forex Trading Strategy is a refined approach that aims to capitalize on short-term market movements by blending key technical tools into a cohesive system. ZP DayTrading focuses on precision and timing, which are crucial in the fast-paced world of day trading. By combining the power of fractal arrows visual indicators that highlight potential market turning points this strategy offers traders the opportunity to anticipate price reversals and capitalize on swift price shifts. The synergy between ZP DayTrading principles and fractal arrows helps traders navigate volatile market environments with greater accuracy and confidence. At the…