A lot has been said about the “carry trade” liquidation that helped contribute to a -12.4% decline in the Nikkei 225 on Monday. There are some that think the unwind is just getting started. In this video, I take a look at the weekly chart of four JPY pairs – the USDJPY, GBPJPY, EURJPY and…
After a shaky Monday, the USD recovered, and Tuesday is unlikely to see much movement. Amid renewed market sentiment, US Dollar (DXY) gains and remains near the 103.00 mark. The market is pricing in a 100 bps rate cut by year-end. On Tuesday, the US Dollar (USD), measured by the DXY Index, is capitalizing on…
Forex Trading Glossary I-K Importers/ExportersProduce a regular flow of trading volume in the FX market. Impulse Wave(Elliott Wave) Impulse waves are those that define the main direction of the trending move. They are labeled as waves: 1, 3 and 5. They are comprised of five waves of lesser degree. Independent TradersThey speculate…
At a recent crypto convention in Nashville, Tennessee, Donald Trump urged the audience to retain their bitcoin holdings. In late July, the Republican presidential candidate delivered this speech to a cheering crowd. This speech represents another step in his effort to attract crypto-focused voters before the November election. Trump made several campaign promises, notably proposing…
By Jody Godoy (Reuters) – Apple (NASDAQ:) could be the winner after Alphabet (NASDAQ:)’s Google lost its fight with the U.S. antitrust enforcers earlier this week, with a ruling that supports the iPhone maker’s defense in its own antitrust court battle with U.S. prosecutors, legal experts said. A federal judge mostly sided with state and…
The British pound has posted considerably on Tuesday. GBP/USD is trading at 1.2713 in the North American session, down 0.66% on the day. Earlier, GBP/USD fell to 1.2672, its lowest level since July 2. UK Construction PMI shines The UK Construction PMI index impressed in July, rising to 55.3, its highest level in 26 months….
USDThe broad dollar’s slide at the back end of last week continued through Monday morning and into early afternoon, propelled by yen carry trade unwinds and fears that overly tight Fed policy would tip the US economy into recession. However, as we noted yesterday morning, the sense of market panic looked overdone to us. While…
In case you hadn’t seen the biggest revelation from Berkshire … The post What Berkshire ’s Massive Apple Dump Signals for Stocks appeared first on Market Traders Daily. Source link
Elon Musk has called the prime minister “two-tier Keir” in reference to the conspiracy theory that police are treating white far-right “protesters” more harshly than minority groups. The billionaire owner of X promoted the idea that has been spread by Tommy Robinson and the Reform UK leader Nigel Farage amid a series of far-right riots…
Dow Jones – 06.08.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX;visibility:hidden”> Source link