© Reuters. The fell by 0.23% on Tuesday, influenced by a stock market rally and Atlanta Fed President Bostic’s dovish stance on further interest rate hikes. This drop comes despite some safe-haven demand spurred by Middle East turmoil. Bostic expressed that the current policy rate is adequate to bring inflation down to 2%. In contrast,
Share: The Reserve Bank of Australia (RBA) Assistant Governor (Financial Markets), Christopher Kent, did not sound keen on further rate hikes and said that monetary policy is slowing the growth of demand, and inflation. Additional Quotes via Reuters: Policy lags mean some further effects of past rate hikes are still to be felt
In the ever-evolving world of financial markets, traders and investors are constantly seeking tools that can help them make informed decisions. One such tool that has gained popularity among traders is the Trend Magic MT4 Indicator. In this article, we will delve into the world of technical analysis, explore the intricacies of the Trend Magic
BITCOIN, RIPPLE KEY POINTS: Bitcoin Prices Struggle at 28k Hurdle Once More as Death Cross Pattern Adds to Uncertainty. Ripple Receives Positive News on Multiple Fronts but Still Fell Over 3% on Monday. Further Downside Ahead? Rumours Are that the SEC May Drop the Case Against Ripple Following the Recent Ruling, While the BIS has
Reuters Tankan is a monthly survey that seeks to track the Bank of Japan’s tankan quarterly survey Japan manufacturers index +4 in October, unchanged from September Non-manufacturers index +24 in October vs +23 in September Manufacturers January index seen at +5, non-manufacturers +20 The survey covered familiar ground: prospect of higher U.S. interest rates has
Number of traders net-short has increased by 31.75% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI Wall Street BULLISH 48.45% 51.55% -9.95% Daily -32.88% Weekly 13.96% Daily 31.75% Weekly 0.97% Daily -10.16% Weekly of clients are net long. of clients are net short. Change in Longs
AUD/USD TECHNICAL OUTLOOK AUD/USD rises for the fourth straight day, pressing against trendline resistance. Despite its recent recovery, the Aussie maintains a bearish profile. This article looks at AUD/USD’s key technical levels worth watching in the coming trading sessions. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from
Samurai ACTS MT4An advanced correlation trading system Samurai is a revised and modernized version of the trading strategy based on the correlation of USDJPY and NIKKEI 225 index movements.The basis of the system is the statement that the national stock market falls with the strengthening of the national currency and rises with its weakening.Long-term study
© Reuters. Neil Phillips, co-founder of Glen Point Capital and former hedge fund chief, is set to face trial next week in New York over allegations of manipulating the foreign exchange market tied to a $20 million transaction handled by Morgan Stanley. The bank’s involvement in the case was disclosed during an indictment revelation amid
Share: With the Chinese Yuan depreciating against the US Dollar, keeping the USD/CNY pinned into yearly highs, economists at Nataxis note that things could continue to deteriorate for the Renminbi as foreign direct investment in China has collapsed recently, sparked by hostility from the Chinese government towards foreign corporate entities and a slumping
