Headlines: Markets: GBP leads, NZD lags on the day European equities lower; S&P 500 futures flat US 10-year yields up 2.2 bps to 4.103% Gold up 0.3% to $1,918.65 WTI crude up 0.6% to $83.33 Bitcoin down 0.1% to $29,392 It was a quiet session as we observed yet another typical summer’s day in Europe.
Markets: Gold flat at $1912 US 10-year yields up 8.8 bps to 4.17% WTI crude oil up 35-cents to $83.17 S&P 500 flat GBP leads, NZD lags The final changes on the day and the headlines don’t capture what was a lively August Friday. The PPI numbers hit and were slightly stronger than expected. Normally
US Dollar (DXY) Price, Chart, and Analysis The US dollar sheds half a point after the CPI release. Headline inflation rises by less than expected. Recommended by Nick Cawley Get Your Free USD Forecast Core inflation fell and headline inflation rose by less than expected in July, according to the latest US Inflation Report. Core
Markets: Gold up $8 to $1941 US 10-year yields down 14.5 bps to 4.04% WTI crude up $1.10 to $82.65 EUR leads, CAD lags S&P 500 down 24 points, or -0.5% The initial reaction to the non-farm payrolls report was to sell the dollar but then the market had a look at the higher wage
There was some FX movement during the session here even as traders looked ahead to the US employment report due later on Friday. AUD and NZD were out-performers awaiting a news conference called in China by the State Planner, the National Development and Reform Commission of the People’s Republic of China (NDRC), and the People’s
NordFX, the brokerage firm, has summarized the performance of its clients’ trading transactions for July 2023. The social trading services, PAMM and CopyTrading, have also been evaluated, as well as the profits gained by the company’s IB partners. – The highest profit in July was achieved by a trader from Western Asia, with account number
The integration of artificial intelligence (AI) and machine learning (ML) in forex business-to-business (B2B) solutions has been one of the most significant recent breakthroughs in the forex market. With superior skills in data analysis, pattern recognition, and decision-making, AI and ML technologies have completely changed how forex B2B firms function. The role of AI and
Markets: Gold up $14 to $1958 US 10-year yields down 4.9 bps to 3.96% WTI crude oil up $0.33 to $80.42 S&P 500 up 45 points, or 1.0%, to 4608 GBP leads, JPY lags The Bank of Japan offered plenty of volatility and drama to wrap up a busy week for central bankers but as
USD/JPY had a sharp fall in very early Asia, dropping from circa 139.50 to lows under 138.90. The swings didn’t finish there, with lows for the session (as I write) under 138.75 before a move back up to above 139.50. Speculation swirled of a Bank of Japan ‘tweak’ to its yield curve control program. Yen
News like FOMC or NFP are known by the name “The Widow Maker”. This exaggeration definetely shows the explosive character of the events. If you have open positions without a strict Stop Loss, you will likely run into a higher drawdown. And since most EAs and traders like high lot positions, the drawdowns may mutate
