Arbitrage traders and what they do – Trading Strategies – 14 August 2023

Arbitrage traders are individuals or entities that engage in a trading strategy known as arbitrage. Arbitrage is the practice of taking advantage of price discrepancies for the same asset or security across different markets or trading platforms. By exploiting these price differences, arbitrage traders aim to make risk-free profits. Arbitrage traders exploit market imbalances Arbitrage

Recovery prods 0.6500 after RBA Minutes, Australia/China statistics

Share: AUD/USD picks up bids to refresh intraday high, reverses from YTD low. Mixed RBA Minutes, softer Aussie wage growth and downbeat China data prod Aussie bulls but US Dollar’s retreat favor recovery. Oversold RSI challenges Aussie bears beyond 0.6460-55 support zone. Multiple hurdles stand tall to test upside; 0.6600 appears the key

All eyes on US retail sales data due Tuesday, 15 August 2023 – preview

Coming up at 8.30 am US Eastern time today, July retail sales data from the US: Preview comments from Bank of America, looking for a solid beat. Bolding is mine: We expect a robust retail sales report for July Over the last two trading days, BofA Global Research analysts have published 12 notes on July

EUR/USD at the Beginning of a Broader Bearish Reversal?

Euro, EUR/USD, 100-day MA Breakout – Technical Update: The Euro closed at its lowest since early July on Monday EUR/USD also broke under the 100-day moving average The 4-hour chart gives us a better idea of support levels Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The US Dollar might be readying to extend

Russell 2000, Straits Times Index, AUD/USD

Market Recap Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy Wall Street managed to start the week higher (DJIA +0.07%; S&P 500 +0.57%; Nasdaq +1.05%), tapping on some recovery in big tech and semiconductors to override earlier jitters around China’s property and financial sector risks. There was not much

Asia FX sinks, dollar hits five-week high as U.S. inflation rises By Investing.com

© Reuters Investing.com — Most Asian currencies sank on Monday, while the dollar rose to a five-week high as a stronger-than-expected U.S. inflation reading drove up fears that the Federal Reserve could keep raising interest rates. Concerns over worsening economic conditions in China also kept sentiment towards Asian assets dim, especially amid reports of a

AUD/USD stays defensive around 0.6500 as RBA Minutes, China/US statistics loom

Share: AUD/USD struggles to defend the bounce off YTD low despite probing five-day losing streak ahead of multiple data/events. Fears surrounding China, firmer US Treasury bond yields weigh on Aussie pair. RBA Minutes need to defend hawkish interest to recall AUD/USD buyers. China Industrial Production, Retail Sales will be eyed closely amid economic

Reserve Bank of New Zealand meet Wednesday – on hold expected – preview

Coming up at 2pm New Zealand time on Wednesday, 16 August 2023 is the RBNZ policy decision. 0200 GMT and 10pm US Eastern time (on Tuesday, 15 August 2023) RBNZ Governor Orr’s press conference will follow an hour later Preview comments via ANZ: We expect the RBNZ will leave the OCR unchanged at 5.50%, reiterating