Stock markets struggled, and the Hang Seng in particular remained under pressure amid lingering concern over China’s growth outlook and a slump in Alibaba Group Hlds. as the company scrapped a spinoff of its cloud business due to US chip export restrictions. European futures as well as most US futures are also finding buyers amid
Goldman Sachs provides insights into the expected monetary policy paths of the Federal Reserve (Fed) and the European Central Bank (ECB), forecasting the timelines for rate cuts and stabilization of policy rates. Key Insights: Federal Reserve Policy Outlook: Hold on Rates: The Fed is expected to maintain the current federal funds rate range of 5.25-5.5%
USD/JPY News and Analysis Broad Japanese Yen strength observed late on Friday as BoJ and currency officials address FX intervention and monetary policy, respectively USD/JPY heads back below 150 but major currencies still on track for another weekly gain vs JPY Japanese government bond yields ease in sympathy with the US, global trend The analysis
Brief Summary: The nonfarm payrolls figure released by the US Department of Labor presents the number of new jobs created during the previous month, in all non-agricultural business, within the States. The payrolls figure can change significantly month on month, due to its high correlation with economic policy decisions made by the US Central Bank. The
ISLAMABAD – The Pakistani rupee experienced a notable improvement in the inter-bank market, appreciating to close at 286.50 against the dollar, marking an uptick from its previous position. This gain was observed after the currency ended its weeks-long losing streak the day before. The positive shift comes on the heels of a staff-level agreement with
Share: Economists at ING are bullish on the NZD/USD and are interested in whether the new government changes the Reserve Bank of New Zealand’s remit – a potentially bullish factor for the Kiwi. New government, higher rates? The New Zealand Dollar should benefit like AUD from a gradual optimistic rerating of growth expectations
In the fast-paced world of financial markets, traders are constantly seeking tools and strategies to gain an edge. The TTM Scalper MT4 Indicator has emerged as a powerful ally for traders looking to make informed decisions and optimize their trading strategies. In this article, we will delve into the intricacies of this indicator, exploring its
EUR/USD, PRICE FORECAST: MOST READ: Oil Latest – US Crude Trying to Nudge Higher After Another Week of Heavy Losses The Euro continues to hold the high ground against the Greenback following Tuesday’s explosive move to the upside. EURUSD is currently trading between two key levels with support provided around the 1.0840 handle and resistance
October delivered a significant drop in headline inflation in the United Kingdom, primarily driven by base effects stemming from energy prices. While core inflation also saw a more substantial decline than anticipated by the Bank of England, these figures, although suggestive of peaked rates, are insufficient to prompt the central bank to consider rate cuts.
The GBPUSD is trading below the 200H MA/38.2% retracement Like the EURUSD (see post here), the GBPUSD moved sharply higher on Tuesday helped by the weaker CPI data. That took the pair above its 200-day moving average currently at 1.2443, and 38.2% of the move down from the July high at 1.2458. The high price
