The AUDUSD moved above the 100-day MA on Friday and in doing so, increased the bullish bias. Today, the price low in Asian session held support against that key moving average at 0.67349, giving buyers the "go-ahead" to push to the upside. The US CPI extended the...
BOE’s Bailey: Latest jobs data shows a very tight labour 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,...
The two-day FOMC meeting gets underway in Washington
The meeting got underway at 10:30 am ET as scheduledThe market is pricing just a 4.7% chance of a hike, given the miss on headline CPI. The big question now is: How forcefully will Powell push towards hiking again in July. He can't pre-commit given the data...
Interest rate hikes are over. Where to invest in 2H2023?
In the first half of 2023, the world's central banks are at the end of rate hike cycles, leading to a weakened U.S. dollar. The banking crisis threatened to collapse financial markets and still influences them, shaping winning investment strategies. The OctaFX experts...
Coal Goes Digital: Harnessing Online Technologies to Streamline Trading
Over the last 25 years, the ten largest mining companies have seen a cumulative growth in productivity of 1%: a stark contrast to the 15% to 25% increase enjoyed by the manufacturing and business services sector. In a capital-intensive environment with conservative...
USDCAD falls below the lows going back to early May, but only just barely…
The USDCAD tried to extend above its 100-hour moving average yesterday and into the Asian session today (see blue line on the chart below), but rotated back below the key moving average level in the European session today. The US CPI pushed the price lower and below...
USD/JPY reverses. What the market is watching
It's never straight-forward in the market.The US dollar fell on a soft CPI report but it's come storming back with USD/JPY up to 139.87 from a low of 139.02.The rebound in the dollar mirrors a rise in Treasury yields. US 10-year yields are up 0.5 bps to 3.77% from a...
US stocks continue the run to the upside
YThe major US stock indices are moving higher in early US trading after the CPI data came in a little softer than expectations. That should assure the Fed will skip for the 1st time after 10 consecutive hikes saw the central bank raise rates by 500 basis point from...
EURUSD rises above key target resistance after CPI, but failing.
The EURUSD moved higher after the CPI data so the year on year come down to 4.0% from 4.9% last month. The core measure remain sticky at 5.3% however.The EURUSD moved up to a high of 1.08229. That at the price above the 100-day moving average of 1.08062 and the 38.2%...
BofA fund manager survey shows “the pain trade for risk assets is still up”
S&P 500 dailyUS stocks are set to open higher with S&P 500 futures up 0.5% and Nasdaq futures up 1.0%. Both will be fresh 52-week highs.Stock markets are cheering a benign inflation report and a high likelihood (95% implied) that the Fed will leave rates...
The dollar moves lower after CPI. A technical look at the EURUSD, USDJPY and GBPUSD
The initial reaction to the CPI is for the dollar to move lower, yields moved lower and the NASDAQ is higher all suggesting a "happy" number for the market. The core/services component is still elevated at 5.3%. But the headline number at 4.0% is likely to be moving...
US May CPI 4.0% y/y versus 4.1% expected
US CPI yyPriorCPI MoM +0.1% vs +0.2% expectedPrior MoM reading was +0.4%CPI YoY 4.0% vs 4.1% expected.Core CPI MoM +0.4% versus +0.4% expected Core YoY 5.3% versus 5.3% expectedShelter +0.6% versus +0.4% last monthReal weekly earnings -0.1% vs +0.1% prior (revised to...
The moment is finally here: US CPI coming up next
The odds of a Fed hike tomorrow have dwindled to 21% in a sign that it will take an extraordinarily strong CPI report to change the Fed trajectory.The consensus is 4.1% on the headline and 5.3% on the core and I suspect we would need to see a print at least 0.3...
앞으로 10가지 좋아집니다! 황당한 정부 정책 개선!
https://www.youtube.com/watch?v=tH-YeKocYy8 정부에서 ‘국민이 일상생활에서 황당하고 불편하다고 느낄 수 있는 규제’나 ‘실제 현장을 반영하지 못하는 현실과 괴리된 규제’ 등 잘못된 정책들을 개선하기 위한 공모전을 진행했습니다. 국민들이 제안한 정책들 중에서 총 10개를 선정했고, 10가지 모두 제도를 합리적으로 개선한다고 하는데요. 선정된 10가지를 바로 오늘(6월 13일)부터 전 국민이 참여할 수...
ForexLive European FX news wrap: Dollar slips ahead of CPI, sterling rallies on hot wages
Headlines:Markets:GBP leads, USD lags on the dayEuropean equities mixed; S&P 500 futures up 0.1%US 10-year yields down 4.1 bps to 3.724%Gold up 0.4% to $1,964.37WTI crude up 1.8% to $68.32Bitcoin up 0.8% to $26,085European trading today served more or less as a...
Fear in crypto versus extreme greed in stocks
Market pictureThe crypto market cap rose 1% in 24 hours to $1.06 trillion. Bitcoin adds 1%, while Ethereum just 0.4%. Meanwhile, the top altcoins try to recover some losses, adding between 0.2% (Cardano) and 4% (BNB). The cryptocurrency Fear & Greed Index is in...
OPEC maintains demand outlook for the year but warns on economic risks
World oil demand to rise by 2.35 mil bpd in 2023 (no change to previous forecast)China oil demand to rise to 840k bpd (up from 800k bpd previously)Sees world economic growth at 2.6% this yearBut there are rising uncertainties amid high inflation, rising interest...
[수익 인증] 하루 1시간 부업으로 월500~900만원 돈버는 새로운 방법! (나이 학력 무관! 누구나 어디서든 가능한 투잡) ft.삼오반
https://www.youtube.com/watch?v=PuCgMyd4Jd4 그동안 다양한 직장인 부업을 소개해 드렸는데요, 오늘은 하루 1시간 부업으로 월500~900만원 돈버는 새로운 방법을 소개합니다. 이번에 만난 인터뷰이는 삼오반 님인데요, 삼오반 님은 여러가지 부업 실패 후, 가장 간단한 방법으로 할 수 있는 루틴을 고민하였고, 현재 해당 부업을 통해 매달 900만원 이상의 수익을 얻고 있습니다. 이번에 나그네님들을 위해 자신이 실제로 하고있는 부업 방법을 자세히...
BOE appointee Greene: It is reasonable to expect inflation to come down fairly quickly
Inflation should come down over the next yearImportant not to allow inflation expectations to become de-anchoredEngaging in stop-start monetary policy can end up with a worse outcomeBut will that be enough to get to the 2% target so the central bank can afford to take...
US May NFIB small business optimism index 89.4 vs 89.0 prior
Prior 89.0This makes it 17 months in a row now that the index is sitting below its 49-year average of 98. NFIB notes that small businesses are clearly in a recession mood, expressing great concern for future business conditions. Until inflation cools further and the...