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Week Ahead: More CB intervention? Plus, RBA, RBNZ, OPEC+, and NFP
Markets will be waiting on pin and needles this week to see which central bank may be the next to intervene.
US Core PCE follows EU CPI higher
Markets are pricing in a 75bps rate hike for both central banks. However, the meetings not until the end of October and there is still a lot of data which can change rate hike expectations
Forex Friday: It is all about the pound
In this week’s edition, we discuss the pound’s extreme volatility amid the BoE’s intervention and government’s questionable policy response to soaring cost of living crisis in the UK.
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Forex vs stocks: what are the key differences?
The foreign exchange market and stock market are two of the most popular to trade due to their volume, volatility and range of markets available. Discover which is best for you here.
Forex trading volume: indicators and strategies
Forex trading volume is an important tool for identifying trends and reversals. Take a look at how you can use volume indicators and strategies to improve your forex trading.
China ready to intervene in USD/CNH; Tells banks to prepare
After the BOJ and the BOE intervened in the markets, traders are asking “Who’s next?”.
Gilts gone wild!
The yield on the 30-year Gilt has moved from a high on the day of 5.092% down to a low of 3.869%.
BOE folds and intervenes in bond markets; GBP/JPY in 410 pip range
With the BOE and the BOJ intervening over the last week, GBP/JPY has been extremely volatile, trading in a range from 164.44 down to 148.79 over that same timeframe.
GBP/USD: BoE intervention unlikely to help pound
BoE is attempting to soothe investor nerves after they were spooked by last week’s mini budget.
The yuan hits a 14-year low and sends USD/CNH above 7.2000
Another day, another key level for a big market breaks. And today that has seen the yuan weaken to 7.2 against the US dollar, a level not seen since 2008.
Shorting the pound: how to short sell the British pound
Shorting the pound is a strategy that makes profit if the price of the British pound falls. To short the pound, you want to enter the trade as close to resistance level as possible. Find out more about short selling the pound.
US Housing Prices drop for 3rd consecutive month
Perhaps watching USD/JPY could give a clue as to where mortgage rates may be headed next!
Technical Tuesday: Nasdaq, WTI, GOLD and USD/CNH
In this week’s edition, we are getting technical on the Nasdaq, WTI, gold and USD/CNH.
European Open: Volatility pauses, ECB, BOE and Fed members speak
Volatility receded after a strong start to the week, and whilst economic data is on the light side we do have several members from the ECB, BOE and Fed speaking today.
ECB members working the wires today to try and prop up Euro
The ECB must have been excited when it saw its currency rising vs the Pound
Currency pair of the week: GBP/USD
Will the new budget from PM Liz Truss “break the economy” or will it help everyday citizens as she says it will?
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EUR/USD due for a corrective bounce?
Prospects of some coordinated central bank action and the lack of fresh news may encourage short-side profit-taking...
Trading the news: how data, interest rates and earnings move markets
The news is always a key driver of financial markets, so learning how to trade the news is a necessary skill for any trader. Discover how to start news trading – including how to take a position on interest rates and other macroeconomic announcements.
USD/JPY: What’s next after government intervention for yen?
Can the yen fall more despite the government’s efforts?
Commitment of traders report (COT): Traders flipped to net-long euro
Despite negative sentiment, weak data and an energy crisis wreaking havoc for Europe, traders decided they wanted to be net-long euro futures ahead of the FOMC meeting.
The pound is sent into the ground during thin Asian trade
The combination of the UK’s mini-budget and general flight to the US dollar has sent the pound broadly lower and GBP/USD to a new record low.
GBP/USD freefall: Where will it stop?
The 1985 low in the 1.0500 area could beckon in due time, but given the deeply oversold reading on the 14-day RSI, we would expect a short-covering bounce before then...