Author: FX

The Euro Area is about to drop the first results of its October business surveys! Word around is that the markets expect slightly better numbers from the region compared to the previous month. Our Event Guide for the Eurozone October PMIs points out that we could see upticks in France and Germany’s manufacturing and services sectors, which may boost the euro against its major counterparts. 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!…

We’ve got a fresh round of eurozone PMI readings comin’ right up, giving an early glimpse into the region’s performance this month. Here’s what I’m looking out for on EUR/AUD and EUR/CHF in case the numbers look grim. 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

France, Germany, and the Euro Area are printing their October PMIs this week! What are the markets expecting and how may the releases affect the euro’s intraweek trends? We have the points you need if you’re trading the releases! 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

There were no major data releases, which left the major assets exposed to current market themes and increasing concerns about the U.S. economy. How did your closely watched assets trade in the last trading sessions? Let’s discuss them below: Headlines: ECB member Olli Rehn said disinflaiton in the Euro Area is “well on track,” but that the growth outlook has weakened and could increase disinflationary pressures ECB member Robert Holzmann noted that “the deflationary process was much faster than we had thought,” adding that subsequent rate cuts will follow “not too far” into the future ECB member Mario Centeno called…

1300 GMT / 0900 US Eastern time: Federal Reserve Board Governor Michelle Bowman gives opening remarks on second day of the Eighth Annual Fintech Conference hosted by the Federal Reserve Bank of Philadelphia1600 GMT / 1200 US Eastern time: Federal Reserve Bank of Richmond President Thomas Barkin speaks on “Recognizing the Impact of Community Colleges” before the 2024 Virginia Education and Workforce Conference, in Richmond, Vaps. The ‘Beige Book’ will be published at 1800 GMT / 1400 US Eastern time. From the ForexLive glossary:The Beige Book is a report published by the Federal Reserve (Fed) eight times a year, that…

McDonald’s stock shrinks as much as 10% after E. coli outbreak. The bacteria has caused one death and ten hospitalizations in Colorado and Nebraska. Burger chain is working with CDC and other government agencies to find source of outbreak. The popular Quarter Pounder sandwich is believed to be the culprit. McDonald’s (MCD) stock plunged as much as 10% afterhours on Tuesday when the Centers for Disease Control (CDC) said that the burger chain had caused an outbreak of E. coli in the middle of the country. MCD stock dove from above $314 to the $280s but then recovered close to…

The foreign exchange market, also known as Forex, is a dynamic and fast-paced environment where timing is everything. Traders constantly grapple with the challenge of pinpointing the ideal entry and exit points for their positions. This is where technical analysis tools like the Ej Candle Time MT4 Indicator come into play. In this comprehensive guide, we’ll delve into the world of the Ej Candle Time MT4 Indicator, equipping you with the knowledge to leverage its functionalities and potentially enhance your trading experience. Who Can Benefit from This Indicator The Ej Candle Time MT4 Indicator caters primarily to traders who actively…

The Perfect Trendline and Xmaster Formula Forex Trading Strategy stands out as a remarkably powerful tool in the arsenal of forex traders. At its core, this strategy leverages the traditional method of trendline analysis, a well-established technique for identifying and following market trends. By drawing lines that connect significant price points, traders can visualize the market’s direction and make educated decisions. However, the true strength of this strategy lies in its integration with the Xmaster formula, which amplifies the effectiveness of trendline analysis with advanced algorithmic enhancements. What makes the Xmaster formula so impactful is its ability to refine the…

By Sinead Cruise and Lawrence White LONDON (Reuters) -HSBC’s history-making new chief financial officer Pam Kaur is a battle-hardened risk and audit veteran who credits her success to the “Power of Chi”. The first woman to occupy the role in the bank’s 160-year history, she has observed at close quarters the challenges HSBC faces under new CEO Georges Elhedery, as it navigates a new interest rate cycle and a more fractious relationship between China and the West. Indian-born Kaur, 60, joined HSBC from Deutsche Bank in April 2013, rising to the role of group chief risk and compliance officer before…

While Japanese authorities tell us not to be worried about levels, focus on the rapidity and volatility (and speculative nature) of yen moves, UBS is nominating levels to eye regardless:say below 148.00 in short-term valueand that above 152.00 the rate is stretchedUBS cite US rates in their reasoning. Keep on eye on Japanese rates too though, the Bank of Japan meet October 30 – 31, and while no rate hike is expected there are some expectations of one at the December 18 – 19 meeting. I was expecting some beefy intervention comments out of Japan yesterday. Nope:ForexLive Asia-Pacific FX news…