© Reuters. FILE PHOTO: People walk along an elevated walkway at the Pudong financial district in Shanghai November 20, 2013. REUTERS/Carlos Barria/File Photo By Samuel Shen and Tom Westbrook SHANGHAI/SYDNEY (Reuters) – Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy
Share: Microsoft with ticker MSFT is already back to all-time highs in an impulsive price action, but it has an unfinished bullish cycle, so there’s no top until we see a completed five-wave rally. We can see it currently just making a higher degree wave 4 correction that can retest 320 – 300 support zone before the uptrend for wave 5 towards 400
RAND TALKING POINTS & ANALYSIS Less aggressive Fed speak unable to deter ZAR selloff. Investors look towards low-risk assets, weighing negatively on the rand. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter USD/ZAR FUNDAMENTAL BACKDROP The rand’s downside has moderated since
Black Knight today reported that June US house prices rose 0.67% in the month after a 0.80% rise in May. They say the trend points to a 2% y/y price increase in July, if not higher. “At the national level, home prices have now fully erased their 2022 corrections hitting new all-time highs in June
Japanese Yen (USD/JPY, GBP/JPY) Analysis Recommended by Richard Snow How to Trade USD/JPY BoJ Summary of Opinions Confirm Dovish Yield Curve Tweak Bank of Japan (BoJ) officials looked to set the record straight, that the slight yield curve adjustment announced on the 28th of July was a means of prolonging current loose monetary policy in
The harami price action pattern is a two candle pattern which represents indecision in the market and is used primarily for breakout trading. It can also be called an ‘inside candle formation’ as one candle forms inside the previous candle’s range, from high to low. Here is an example of what a bearish and bullish harami candle
© Reuters. FILE PHOTO: U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo By Joice Alves and Rae Wee LONDON/SINGAPORE (Reuters) – The dollar rose on Monday after a mixed U.S. jobs report on Friday sent the U.S. currency to a one-week
Share: US Dollar up against G7 peers with the Greenback in demand on Monday. Slow start of the week with some minor data points coming out. The US Dollar Index consolidates above 102 and flirts with more upside potential. The US Dollar (USD) is holding on to gains against most major peers with the
OIL PRICE FORECAST: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: What is OPEC and What is Their Role in Global Markets? Oil prices finished last week strong as a weaker US Dollar on Friday helped keep prices supported.
Inflation is coming down as hoped Expects unemployment to rise slightly as the economy cools, personally sees unemployment rate rising above 4% next year Does not rule out possibility of lowering rates in early 2024 It all depends on the economic data Well, that’s one of the first angles by the Fed in agreeing to
