Market Update – October 31 – Stocks Down & Yen plummets

Asian stock markets traded mixed, with China bourses underperforming after weaker than expected PMI reports that signal ongoing weakness, especially in the manufacturing sector. Treasuries meanwhile found buyers and the US 10-year rate is down -5.7 bp at 4.84%, while the 10-year Bund yield has dropped -3.3 bp to 2.79%. Stock futures are higher across

What is the Difference Between a Meme Coin and a Regular Coin?

In the world of cryptocurrencies, there are two broad categories that coins fall into: regular coins and meme coins. Understanding the difference between these two types of coins is crucial for anyone interested in investing in or trading cryptocurrencies. Regular coins, also known as cryptocurrencies, are digital or virtual forms of currency that use cryptography

Aussie Dollar Bruised by Chinese PMI’s

AUD/USD ANALYSIS & TALKING POINTS Weak Chinese factory activity figures limit AUD upside. US CB consumer confidence in focus later today. Bulls attempt upside breakout as descending triangle resistance comes under pressure. Elevate your trading skills and gain a competitive edge. Get your hands on the Australian dollar Q4 outlook today for exclusive insights into

USD/JPY steadies above 149.00 amid BoJ yield cap speculation By Investing.com

The currency pair maintained its position above the 149.00 marker during the early Asian trading hours on Tuesday, registering a daily change of 0.04%. This stability comes in light of speculation around the Bank of Japan’s (BoJ) potential alterations to its Yield Curve Control (YCC) approach, as suggested by a report, which has lent support

GBP/USD now moved into a consolidative phase – UOB

Share: Economist Lee Sue Ann and Markets Strategist Quek Ser at UOB Group suggest GBP/USD is now seen trading within the 1.2085-1.2240 band in the next weeks. Key Quotes 24-hour view: We expected GBP to trade in a range of 1.2085/1.2155 yesterday. GBP dipped to a low of 1.2090 before staging a surprising sharp

Heads up: BOJ governor Ueda press conference coming up later

There will definitely be a lot to say, now especially as the Japanese yen has fallen in the aftermath of their policy decision today. But I reckon Ueda will continue to maintain that they do acknowledge firmer inflation developments but they’re not at a point yet to abandon easy policy altogether. Essentially, it should be

Inflation likely to slow, then re-accelerate as wages rise

Share: The Bank of Japan’s (BoJ) published its quarterly outlook report, following its October policy meeting, with key highlights noted below. Key takeaways (via Reuters) Japan’s economy likely to continue recovering moderately. Inflation likely to slow, then re-accelerate as wages rise, inflation expectations heighten. Uncertainty over Japan’s economic, price outlook very high . Must be vigilant to

Price Alert MT4 Indicator – ForexMT4Indicators.com

In the fast-paced world of forex trading, staying informed about price movements is crucial. Missing out on a significant price shift can lead to missed opportunities or financial losses. To tackle this challenge, traders turn to tools like the Price Alert MT4 Indicator. In this article, we’ll explore what this indicator is, how it works,