The ultimate goal of every trader is to increase his/her profits. One can argue that there are many ways to do that, but eventually it comes down to two main methods: increasing your hit rate or maximising your winners. INCREASING THE HIT RATEIncreasing your hit rate...
Dollar starts to push back after last week’s fall
The dollar was on edge as we started the new week here on Monday. But over the last few sessions, it has regained some composure and is now pushing back as we observe a couple of technical changes.As highlighted in the linked post, the dollar was pushed towards some...
Aussie Dollar Reaction: RBA’s Firm Stance Collides with Troubling Inflation Expectations
Australian Dollar (AUD/USD) AnalysisRBA keeps rates unchanged, surprising marketsInflation proves stubborn, with elevated levels expected until 2025AUD/USD pulls back - AUD more broadly, may find support from interest rate differentials (longer-term)Potential...
EUR/USD eyes second daily drop as dollar regains some composure
After a run up against the 1.0800 level on Friday, EUR/USD is not finding much follow through to take another run at the key level. The 200-day moving average (blue line) also saw sellers step in, with price now falling to 1.0730 levels. This sets up a potential...
GBPUSD Technical Analysis – A look at the chart ahead of the BOE decision
Fundamental OverviewThe USD weakened across the board recently due to a more dovish than expected FOMC decision last week where the Fed decided to signal a bigger QT taper beginning in June and the Fed Chair Powell pushing back repeatedly against rate hike...
AUD/USD gets a check back after the RBA yesterday
The bottom line yesterday was that the RBA did not offer up a hawkish tilt for those hoping for one. But the central bank did keep the door open for rate hikes, if the data warrants for that in the months ahead. The aussie fell but not too much with AUD/USD holding...
Germany March industrial production -0.4% vs -0.6% m/m expected
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,...
FX option expiries for 8 May 10am New York cut
There aren't any major expiries to take note of for the day. As such, traders will have to get stuck with the push and pull mood after the events from last week. The dollar is steadier as the overall risk mood appears to be more muted in the last few sessions.If...
Morgan Stanley pushes back Fed rate cut forecast to September
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,...
Japan finance minister reaffirms that rapid FX moves are undesirable
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,...
USD/JPY hurdles around 155 and mid-158 areas
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,...
ForexLive Asia-Pacific FX news wrap: USD/JPY back above 155.00
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,...
Federal Reserve speakers on Wednesday include Collins, Cook, and Jefferson
On the Fed speaker circuit for Wednesday:1500 GMT / 1100 US Eastern time - Federal Reserve Vice Chair Philip Jefferson participates in virtual moderated discussion before the "Exploring Careers in Economics" event hosted by the Federal Reserve1545/1145 Federal Reserve...
Chinese state media is reporting the PBOC is likely to cut its RRR in Q2 2024
Hardly a week goes by without some report or another in Chinese state media about an RRR or rate cut from the People's Bank of China, so treat this with a grain of salt. ---The Reserve Requirement Ratio (RRR) is a central bank regulation that sets the minimum amount...
Bank of Japan Governor Ueda will speak again later on Wednesday, during Europe time
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,...
Yen is a big loser against the USD in Asian trade today, but its not the only one
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,...
More from Ueda: Doesn’t see yen moves as having a big impact on trend inflation so far
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,...
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PBOC sets USD/ CNY mid-point today at 7.1016 (vs. estimate at 7.2202)
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,...
Yen falls deeper in the hole. FinMin Suzuki keeps on digging: “No comment on intervention”
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,...