A couple of European Central Bank superstars are on the speaker circuit on Friday, Lagarde and Nagel. 1230 GMT / 0730 US Eastern time: ‘Fireside chat’ between ECB President Christine Lagarde and Martin Wolf at Financial Times’ Global Boardroom 2023 in London, UK 1520 GMT / 1020 US Eastern time: Speech by Germany’s Bundesbank President
US DOLLAR FORECAST – EUR/USD, USD/JPY, AUD/USD & GOLD The U.S. dollar, as measured by the DXY index, rallies on soaring U.S. bond yields Powell’s hawkish comments reinforce the greenback’s advance This article examines EUR/USD, USD/JPY, AUD/USD and gold prices from a technical standpoint, analyzing key levels to watch in the coming days Most Read:
Most traders will agree that there are few things more enjoyable than riding a steady up trend all the way to the top. Unfortunately, as the old adage goes, “all good things must come to an end”. This is particularly true in trading which is why it is essential to understand when a move to the downside
© Reuters. FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Karen Brettell NEW YORK (Reuters) – The dollar gained on Thursday and hit a one-week high against the Japanese yen after Federal Reserve Chair Jerome Powell said that Fed policymakers are “are not
Share: The Business NZ Performance of Manufacturing Index (PMI), also known as the New Zealand Manufacturing PMI came in at 42.5 in October from September’s print of 45.3. “Today’s PMI is not a good look for GDP and employment growth. Our GDP forecasts already include a decline in the manufacturing sector in the
NZD/USD looks set to retest a short-term range resistance! Will the pair stick to its consolidation? Or will we see a breakout in the next few hours? Before moving on, ICYMI, yesterday’s watchlist looked at USD/CHF’s ascending channel pattern ahead of Powell’s speech. Be sure to check out if it’s still a good play! And
SILVER, GOLD OUTLOOK: Gold and silver prices rebound, but their upside is capped by the move in bond yields Palladium sinks to its lowest level in more than 5 years This article explores XAU/USD and XAG/USD’s key technical levels to monitor in the coming trading sessions Trade Smarter – Sign up for the DailyFX Newsletter
There is not a lot on the data agenda for the session ahead, the Reserve Bank of Australia statement will be the focus although it shouldn’t move the AUD too much upon release. The Statement on Monetary Policy (SoMP) will update economic forecasts and the Bank’s assessment on the balance of risks to the outlook
OIL PRICE FORECAST: Oil Continues to Advance as Supply Concerns and Potential Rebound in Demand Keep Prices Elevated. Saudi Energy Minister to Provide a Further Update this Week on the Potential for Further Cuts or an Extension into 2024. IG Client Sentiment Shows Traders are 79% Net-Short on WTI at Present. To Learn More About
Some people are trying to guess the color of the next number, but everyone who understands simple math, also understands that the probability in every round is exactly the same. The same can be applied in trading and if we want to keep it simple, we will say that we need a SL/TP ratio of
