The Reserve Bank of New Zealand (RBNZ) has cut its Official Cash Rate (OCR) by 50 basis points to 4.75%, marking a significant shift in its monetary policy stance. This move, while widely anticipated by markets (as discussed in our Event Guide), and it underscores the central bank’s growing concerns about economic growth and its…
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…
By Alden Bentley and Alun John NEW YORK/LONDON (Reuters) -The U.S. dollar edged higher on Wednesday, taking in stride the release of minutes from the Federal Reserve’s September meeting that showed a substantial majority of policymakers backed its outsized 50-basis point rate cut. Traders also digested comments from Fed officials and kept their powder dry…
The U.S. job market continues to thrive, posing challenges for the Federal Reserve. The latest U.S. jobs report has surpassed expectations, providing a strong signal of the labor market’s resilience. Federal Reserve Bank of Chicago president Austin Goolsbee praised the report. He noted that if the unemployment rate settles in the low-4% range while inflation…
Gold declined as Fed Minutes revealed a “substantial majority” backed a 50 bps cut, while some preferred 25 bps. CME FedWatch Tool shows lower odds of a 25 bps cut, down to 75.9%, with rising expectations for a rate pause. US 10-year Treasury yield rises to 4.062%, supporting the US Dollar. Traders await Thursday’s CPI…
Building a winning trading strategy can be simple! With the right tools and indicators, you can make informed decisions and feel confident in the market. Let’s explore some key metrics every trader should know and two must-have systems included in our subscription packages: Perfect Storm Pro and KAMA Trading, available with Traders Edge, Traders Elite,…
Hello traders. Welcome to a new ‘blue box’ blog post where we discuss our most recent trade setups shared with Elliottwave-Forecast members. In this one, we will discuss the Qs – QQQ (Investico QQQ ETF). The Invesco QQQ ETF tracks the Nasdaq-100 Index, focusing on 100 large non-financial companies, mainly in technology, healthcare, and consumer…
– Geoff Kendrick, Head of Crypto Research at Standard Chartered Bank, predicts that if Donald Trump is elected President of the United States, the price of bitcoin could triple by the end of 2025, while Solana could see a fivefold increase. The expert believes that a Trump administration would be more favourable towards the Solana…
When you look at Earth from space, it appears predominantly blue. Our planet is covered with vast oceans, rivers, and lakes, making water seem abundant. However, only a small fraction—about 3%—is freshwater, and even less is accessible for human use. This vital resource, often referred to as “blue gold,” is rapidly becoming a focal point…
By Aida Pelaez-Fernandez MEXICO CITY (Reuters) – Mexico accounted for just over half of all cyber threats reported in Latin America in the first half of 2024, cybersecurity firm Fortinet (NASDAQ:) said in a study. WHY IT’S IMPORTANT As Mexico undergoes a nearshoring boom, in which companies shift production closer to their primary markets, cybercriminals…