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Month: July 2024
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There is just one on the board to take note of, as highlighted in bold. That being for EUR/USD at the 1.0700 level. The size of the expiry is a big one so that could keep a floor under the pair in terms of price action for the session ahead. There won’t be much on
In this post, I wanted to give a recent example on how to select the best forex pairs to trade. This is an important topic which is not talked about often enough in the retail trading industry. As I explained already in a previous post, when you trade forex, you want to buy the currency
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Fundamental Overview The USD yesterday weakened across the board following soft US Jobless Claims and ISM Services PMI reports. Overall, the data didn’t change much in terms of interest rates expectations, but it reinforced the view that the Fed is going to deliver at least two rate cuts by the end of the year. The
Exit poll here: UK exit poll tips a solid win to Labour, 410 seats – new UK government incoming GBP/USD is around 1.2759, barely changed EUR/GBP also little changed around 0.8473 This article was written by Eamonn Sheridan at www.forexlive.com. Source link
BDSwiss continues to take 2024 by storm, with the brokerage once again standing out from the competition thanks to another successful performance, this time at UF AWARDS Global 2024. The company picked up two prestigious trophies, receiving the “Best Research and Education Provider – Global” and “Best Trade Execution – Global” awards in a glittering
Southeast Asia is popularly known for its rapidly developing economies. This region can host big financial hubs that play crucial roles in the world’s finance system. These financial centers facilitate international trade, attract investors, and serve as a bridge between Southeast Asia and the global market. This article will explore the top five financial centers
Another strong month for technology majors propelled US stock indices to all-time highs. The outlook remains positive, supported by inflation approaching the 2% target. Specifically, in May 2024, the nation’s personal consumption expenditure (PCE) price index was unchanged from April, while the core PCE index rose by 0.1%. Of course, one swallow does not make
It’s a US holiday so I’m taking all the market moves today with a grain of salt but the general theme is US dollar selling, perhaps in a delayed reaction to yesterday’s weak ISM services reading (it fell to a four-year low). In the past few hours, the euro has taken advantage and is now
It’s a lively time in markets and opportunity is everywhere. I’m hosting a 30 minute webinar today the five magic words that I often repeat to myself and others that have saved me from trouble and helped me immensely. I’ll tell some stories and take some questions too. Sign up here. This article was written
Marko Kolanovic It remains to me a mystery how Marko Kolanovic became chief global markets strategist at JPMorgan. He was famous as an expert on market plumbing, particularly in fixed income. He had never been someone who people turned to for macro views. But he got headlines and evidently that was enough for him to
Yesterday, I spoke with Kitco News in a great interview with Jeremy Szafron that focused on the US dollar and the macro outlook. Some highlights: Federal Reserve’s Strategy: “I think in this instance it’s going to be especially damaging for the Federal Reserve because they…always fight the last war. They’re fighting inflation and the market
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Fundamental Overview The USD yesterday weakened across the board following soft US Jobless Claims and ISM Services PMI reports. Overall, the data didn’t change much in terms of interest rates expectations, but it reinforced the view that the Fed is going to deliver at least two rate cuts by the end of the year. The
Fundamental Overview The USD yesterday weakened across the board following soft US Jobless Claims and ISM Services PMI reports. Overall, the data didn’t change much in terms of interest rates expectations, but it reinforced the view that the Fed is going to deliver at least two rate cuts by the end of the year. The
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate
There are a couple to take note of on the day, as highlighted in bold. The first ones are for EUR/USD and they are layered between 1.0700 through to 1.0800, with another large one sandwiching that at 1.0750. As such, price action is likely to keep more muted once again with more of the same