Positive start in the US stock market as earnings lower PCE help

Major US stock indices are off to a positive start. Earnings overnight came in better than expectations and that has been the trend this week (generally speaking). The prices are rebounding as well after yesterday’s decline which saw the Dow industrial average snap its 13 day winning streak. All good things have to come to

MH PARAMETER SETTINGS MODERATE RISK – Trading Systems – 29 July 2023

If the initial deposit is $1000 on a HIGH RISK micro account use the parameter settings below: Currency pairs: GBP/USD Timeframe: H4 Leverage: 1:500 Swap free account (forex robot will hold floating loss for weeks or even months) Parameter settings for GBP/USD, H4: MINIM_DAILY_PROFIT = Minimum daily profit = 10000  BATAS_FREE_MARGIN = Free margin limit = 10  JAM_ON   = The robot starts trading

US Dollar edges lower following soft PCE inflation data

Share: The US Dollar struggles to build on weekly gains on Friday. The US Dollar Index stays near 101.50 following Thursday’s rally. US PCE inflation data for June came in softer than expected. The US Dollar stays under modest selling pressure on Friday after posting strong gains against its rivals on Thursday. The USD

US equities run but risk trades doesn’t flow to FX

The Nasdaq is up 1.4% as Treasury yields retreat and the market sorts through the post-BOJ wreckage. The strength in stocks demonstrates that there is a mountain of cash on the sidelines looking for a dip to buy. That kind of stock market performance would usually come with at least some strength from commodity currencies

July final UMich US consumer sentiment 71.6 vs 72.6 expected

Prelim was 72.6 Prior was 64.4 Current conditions 76.6 vs 77.5 prelim (69.0 prior) Expectations 68.3 vs 69.4 prelim (61.5 prior) 1-year inflation 3.4% vs 3.4% prelim (3.3% prior) 5-10 year inflation 3.0% vs 3.1% prelim (3.0% prior) This indicator has little use for traders, though it still moves market. It’s a measure of gasoline