Risk-off sentiment dominates Asian markets today, as the Chinese Yuan’s free fall accelerates. The steep depreciation could limit the room for the government to ease monetary policy further to help the economy that’s still troubled by pandemic measures. Yen and Dollar are currently the stronger ones in the currency markets, followed by Swiss Franc. Kiwi
admin
Lego Star Wars toys sit on display inside a Toys “R” Us Inc. store in Paramus, New Jersey, U.S., on Tuesday, Nov. 26, 2019. Bloomberg | Getty Images Lego sales are building on pandemic-era growth, boosted by popular sets from Lego Star Wars and Lego Harry Potter. On Wednesday, the privately held Danish toymaker said
USD/JPY struggles to gain any meaningful traction and remains confined in a range. A combination of factors underpins the JPY and acts as a headwind for the major. The Fed-BoJ policy divergence, relentless USD buying continue to extend support. The USD/JPY pair extends its consolidative price move and remains confined in the 144.50-145.00 broader trading
Crypto exchange FTX, led by crypto billionaire Sam Bankman-Fried (SBF), is reportedly considering bailing out Celsius Network by bidding on the bankrupt lender’s assets. Coincidently, the information came out the same day Alex Mashinsky resigned as the CEO of Celsius. “I regret that my continued role as CEO has become an increasing distraction, and I
Learn Trading Android: https://bit.ly/3o5jQwh ??What do we provide? 1- Technical analysis/setups for +20 Charts every week. 2- Trading course “50 Chapters from basic up to the advanced level” 100% Made by us. 3- Technical assistance throughout your trading journey. You will receive our trading plan as well as our risk management plan which will help
Hello everybody and welcome back to Trading Talk. In this video I am talking you through my revised forex trading strategy including, why I changed my strategy and how I believe this new trading strategy will help my forex trading moving forwards. I have moved away from my old forex strategy based on moving averages
Private VIP community signals room – https://bit.ly/3QUtU6H Solo Network Trading Courses: https://app.joinsolonetwork.com/ #1 Recommended Forex Broker W NO SPREADS: https://login.hankotrade.com/register?franchiseLead=NzMy Blog Post The Three Man Standing : https://calc.joinsolonetwork.com/the-three-main-standing/ Risk Position calculator I use: https://bit.ly/3v4fqZq #shorts #short scalping day trading forex trading forex trader
This is my extracted commentary from this mornings technical video. If you want to learn about analyzing the market price action, I think it has some lessons. I will explain more below. Take a look at the video first. Lesson 1. Know what the bias is. Yes.. the price moved higher today, but overall, the
US Treasury Secretary Yellen: Financial markets are operating normally, doesn’t see erratic financial market conditions says she doesn’t see any liquidity or deleveraging issues current conditions are tighter as a result of the battle against inflation US Treasury is monitoring market conditions closely Yellen is right. Yeah, its volatile. It always is on the exit
New Delhi, Capital markets regulator Sebi on Tuesday came out with a new framework for daily price limit for commodity futures contracts in a bid to resolve the difference in closing price at domestic exchange and global bourse. The Daily Price Limits (DPLs) define the maximum range within which the price of a commodity futures
Dollar edges mildly higher after better than expected consumer confidence reading, but stays range bound. Overall, the forex markets are in consolidation mode. Sentiment appears to be supported as US stocks open higher, which European indexes are steady. One focus for the rest of the day is US 10-year yield’s reaction to 4% handle, and
What you need to take care of on Wednesday, September 28: Dollar buying paused early Tuesday but resumed following the release of better-than-expected US data, also helped by the poor performance of Wall Street. In addition, fears of a worldwide recession keep leading the market sentiment. During the European morning, European Central Bank President Christine
The major US indices are opening lower, but off the pre-market lows as yields in the US come off after reaching 3.829% in the 10 year (now at 3.703%), and 4.268% in the 2 year (now at 4.137%). The Fed is targeting 4.4% for the end of year level. The stocks have seen some rebound
The dollar is softer across the board as it is giving back some of the gains worked out as of late. That said, even with a 1% jump in cable it is still hardly felt with price hovering just above 1.0800 on the day. Elsewhere, the dollar’s position are also solidified with USD/JPY down 0.3%
NEW DELHI: Gold prices moved marginally higher on Tuesday as the US dollar took a breather. That said, despite the rise, it languished near two-and-a-half-year lows amid rate hikes fears. The US Federal Reserve officials on Monday sloughed off rising volatility in global markets and said their priority remained controlling inflation. Gold futures on were
The currency markets have turned into consolidation mode temporarily. Sterling further stabilized after BoE said in a statement that the assessment of the government’s growth plan will be done at next “scheduled” meeting, ruling out an emergency meeting. Dollar is also taking a breather even though 10-year yield rose to the highest level since 2010.
Larry Summers Cameron Costa | CNBC LONDON — Former U.S. Treasury Secretary Larry Summers on Tuesday warned that the U.K. has lost sovereign credibility after the new government’s fiscal policy sent markets into a tailspin. The British pound hit an all-time low against the dollar in the early hours of Monday morning, before recovering slightly on Tuesday, while the U.K.
Risk-sensitive currencies such as the Norwegian krone and the Swedish krona are very vulnerable. Therefore, economists at Nordea see EUR/NOK and EUR/SEK at 10.50 and 11 by year-end, respectively. Overshooting is likely “We believe both the SEK and the NOK will remain weak in the short term, as they are very vulnerable to negative risk