Author: FX
Fundamental OverviewThe bullish momentum in the US Dollar seems to be waning despite the recent higher-than-expected US CPI and PPI reports. One caveat is that the market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with the Fed’s projections. Therefore, we will likely need more strong US data to see the market pricing in an earlier pause in the Fed’s easing cycle and give the US Dollar a further boost. The next big risk events will be in November when we get the October data, the FOMC policy decision and the US election.…
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 AUD/USD pair within the H1 timeframe. I’ve shared a trade setup image for your…
GBP/JPY attracts sellers for the second straight day in reaction to softer UK CPI print. The data reaffirms bets for a BoE rate cut in November and weighs heavily on the GBP. A sustained break below the key 200-day SMA should pave the way for further losses. The GBP/JPY cross attracts heavy selling following the release of the UK consumer inflation figures on Wednesday and retreats further from over a two-week high touched the previous day. The second straight day of a downfall drags spot prices to a multi-day low, around the 193.70 area during the first half of the…
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Investing.com – Japan stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower. At the close in Tokyo, the lost 1.87%. The best performers of the session on the were Obayashi Corp. (TYO:), which rose 4.41% or 80.00 points to trade at 1,892.50 at the close. Meanwhile, Fujikura Ltd. (TYO:) added 2.64% or 140.00 points to end at 5,440.00 and Taisei Corp. (TYO:) was up 2.40% or 149.00 points to 6,354.00 in late trade. The worst performers of the session were Lasertec Corp (TYO:), which fell 13.44% or 3,440.00 points to trade…
Are ECB head Lagarde and her fellow policymakers gearing up for yet another rate cut? Here’s what markets are expecting for the upcoming ECB decision and how EUR pairs may react. 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
Our Event Guide for Australia’s September jobs report suggests job growth may continue, though at a slower pace. Stronger-than-expected numbers would back the RBA’s stance that the labor market is still tight, giving the central bank more reasons to stick to its less dovish bias compared to others. In this case, the Aussie dollar could recover some of its weekly losses against the Swiss franc and New Zealand dollar. Take a look at AUD/CHF and AUD/NZD setups! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily…
The Land Down Under is ready to release its September jobs report soon, and I’m looking at these potential AUD plays in case the actual numbers fall short. Expectations are for a slightly slower pickup of 25.2K in hiring versus the earlier 47.5K increase, but the jobless rate is still slated to hold steady at 4.2% for the month. A significant downside surprise, along with weak spots in underlying data, could ramp up RBA easing hopes though. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable…
We had Q3 CPI data from New Zealand today, showing that its inflation rate dropped back into the Reserve Bank of New Zealand’s target band for the first time since early 2021. The CPI is also encouraging for the central bank as it came in slightly below their most recent forecasts (issued in August).The New Zealand dollar lost more ground on the data, NZD/USD hit its lowest since August. It wasn’t just the CPI, though, sentiment continued to weaken towards the Chinese stimulus rollout. Chinese stocks fell on this factor also.Also weaker was the Australian dollar.Later in the New Zealand…
NZD/USD falls to a two-month low of 0.6039 following the inflation data release on Wednesday. New Zealand’s CPI rose 2.2% YoY in the September quarter, falling within the RBNZ target range of 1% to 3%. Atlanta Fed President Raphael Bostic anticipates just one more interest rate cut of 25 basis points in 2024. NZD/USD experiences a decline for the second consecutive day, trading around 0.6060 during Asian trading hours. The pair hit a two-month low of 0.6039 after the latest data showed that inflation in New Zealand has slowed to its lowest level in over three years. In the September…