Last week, the Fed hiked interest rates by 25 bps bringing the FFR to 5.25-5.50% as widely expected. The policy statement was left unchanged, so the market couldn’t get any signal for the next moves. In fact, the focus was not on the decision itself, but on the forward guidance. Fed Chair Powell in his
US Dollar, Australian Dollar, Euro Vs Japanese Yen – Outlook: USD/JPY has rebounded sharply as the market digests BOJ’s minor tweak in the yield curve control policy. EUR/JPY and AUD/JPY are nearing stiff resistance areas. What is the outlook and what are the key levels to watch in USD/JPY, EUR/JPY, and AUD/JPY? Recommended by Manish
RSI INDICATOR EXPLAINED – WHAT IS THE RSI INDICATOR? The “Relative Strength Index”, or “RSI”, indicator is a popular member of the “Oscillator” family of technical indicators. J. Welles Wilder created the RSI in order to measure the relative changes that occur between higher and lower closing prices. Traders use the index to determine overbought
© Reuters. Investing.com — Most Asian currencies fell on Monday, with the Japanese yen coming under pressure from an unscheduled bond buying operation by the Bank of Japan, while the Chinese yuan was hit by weak business activity data. A recovery in the dollar pressured most regional currencies, as the greenback rose from steep losses
Share: Oil prices aim to deliver the biggest monthly close of the year as interest rates from global central banks will peak sooner. Overall demand for oil will remain upbeat in the US economy as fears of a recession fade. WTI prices delivered a breakout of the Descending Triangle chart pattern. West Texas
Australian Dollar, China PMI, Hang Seng Index, CSI 300, AUD/USD, RBA – Talking Points The Australian Dollar briefly pipped higher after Chinese data beat expectations If China can gain economic momentum, it could have implications for AUD Tomorrow’s RBA meeting moves into view. Will AUD/USD continue to recover? Recommended by Daniel McCarthy How to Trade
Bloomberg (gated) have the comments from Morgan Stanley and Goldman Sachs. Morgan Stanley say: Opportunities in Japanese equities are “now even clearer” the BOJ adjustment on Friday to allow the yield on 10-year bonds to trade as high as 1% has “successfully added policy flexibility without signaling a tightening cycle” noted that sustained monetary tightening
Market Recap Another downside surprise in US core Personal Consumption Expenditures (PCE) price index paves the way for Wall Street to resume its rally last Friday (DJIA +0.50%; S&P 500 +0.99%; Nasdaq +1.90%) as promising inflation progress reaffirmed market expectations for a Fed rate pause. The core PCE index for June registered a 4.1% year-on-year
Harvesta is an Expert Advisor that makes use of “Probabilistic approach” to trade the congestion zones using the demand and supply principles. It is smart, robust, not adversely affected by any broker, leverage, and slippage. Recommendations Timeframe: M15 Balance: 3000 Pairs: NZDCAD, GBPNZD, AUDCAD, AUDNZD, NZDUSD, EURGBP, USDJPY, NZDCHF, EURAUD, GBPAUD, GBPCAD. Settings: The default settings are already configured for the trading currency
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