The major US stock indices are hitting the skids heading into the close. The NASDAQ is now down -1.7% trading a new session lows. The S&P index is also at session lows with a decline of -1.56%. In the interest rate market, the rates are trading near highs out the yield curve is traders adjust
Number of traders net-short has decreased by 25.49% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI France 40 BEARISH 50.49% 49.51% 72.58% Daily 61.40% Weekly -23.62% Daily -25.49% Weekly 6.29% Daily 2.32% Weekly of clients are net long. of clients are net short. Change in Longs
JAPANESE YEN – USD/JPY OUTLOOK Bank of Japan’s decision on Friday will steal the limelight. BoJ is expected to stand pat on monetary policy, but could subtly signal that a change in strategy in looming on the horizon. This article looks at key USD/JPY levels to watch in the coming days Trade Smarter – Sign
A very popular approach in our trading community is to combine different FX power analyses. This allows you to determine the trends of individual currencies and when to enter them best. But why the heck we call that “The dog walk strategy”? Just a bit of patience. We’ll explain it below. For this strategy, we
© Reuters. The dollar reached a 6.5-month peak on Thursday, September 21, 2023, after the U.S. Federal Reserve signaled a continuation of its restrictive policy, even as it held rates steady. This comes as the Swiss franc fell following the Swiss National Bank’s decision to maintain unchanged rates, marking the first time it has not
Share: The Bank of Japan (BoJ) will hold its Monetary Policy Committee (MPC) meeting on Friday, September 22 and as we get closer to the Interest Rate Decision, here are the expectations forecast by the economists and researchers of eight major banks. No change is expected, especially after reports emerged last week that
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The ZAR’s reaction to the SARB MPC decision and policy statement was relatively muted as the decision was in line with consensus, and guidance from the central bank was mostly like that issued in the previous meeting and address. On a positive note, we did see a slight upward revision to the outlook for GDP
It was Fed Day and it did not disappoint. As universally expected, the result of the FOMC was a “hawkish hold.” But we and the markets got a little more than bargained for as Chair Powell and the FOMC revealed an even more restrictive policy stance than anticipated, and clearly signaled a higher for longer
ECBs Vujcic is on the wires saying: As prices ease, the 4% rate will be more restrictive If outlook holds won’t need any more rate hike’s Latest hike puts us in a better position The EURUSD is trading at 1.0634. The low price today reached 1.0616 which was 6 pips short of the 38.2% retracement
