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. (Reuters) – Pakistan’s foreign worker remittances were recorded at $2.09 billion for the month of August, the country’s central bank said in a statement on Monday, up slightly from $2.02 billion in July. Under a loan programme agreed in July to avert a default on Pakistan’s sovereign debt, the International Monetary Fund told
Share: Gold price remains sideways as the market awaits US inflation data for further action. The US Dollar corrects marginally, while the broader bias remains bullish due to US economic resilience. Fed policymakers are expected to maintain the status quo on September 20 as US inflation is falling and the economy is better
In the world of forex trading, staying ahead of market movements is crucial for success. To achieve this, traders rely on various tools and indicators to make informed decisions. One such powerful tool is the Forex Factory Calendar MT4 Indicator. In this article, we will delve into the intricacies of this indicator, how it can
Japanese Yen Prices, Charts, and Analysis USD/JPY – The short-term high may already be in place. EUR/JPY – UK jobs and growth data will likely drive this pair. Bank of Japan (BoJ) – Foreign Exchange Market Intervention The Japanese Yen pushed higher in Asian trade after Bank of Japan governor Kazuo Ueda suggested that the
In an interview published last weekend by the Japanese newspaper The Yomiuri Shimbun, BOJ Governor Kazuo Ueda touched on some interesting points that led – as soon as markets reopened Monday morning – to both a sharp appreciation of the JPY and the biggest jump in 10y JGB yields since the central bank revised the
Happy Monday. The Fed blackout went into effect on Saturday but we did hear from Nick Timiraos, who wrote what everyone already knows: That a pause is coming in Sept and that some officials see risks as balanced while others are still hawkish. I wouldn’t expect any of those opinions to shift today with a
POUND STERLING ANALYSIS & TALKING POINTS BoE peak rate market pricing continues to fall. UK labor data & US CPI the focal points this week. 1.25 tentatively holds. Recommended by Warren Venketas Get Your Free GBP Forecast GBPUSD FUNDAMENTAL BACKDROP The British pound has started the week on the front foot as the US dollar
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© Reuters. Investing.com – The U.S. dollar fell in early European trade Monday, retreating from a six-month high, while the Japanese yen surged as comments from Bank of Japan Governor Kazuo Ueda signaled a potential change in monetary policy. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of
