US Jan CPI and Powell Testimony: Cuts Moving Away – Orbex Forex Trading Blog

By Johann M Cherian and Purvi Agarwal (Reuters) – The benchmark and the Nasdaq slipped on Tuesday, as investors digested a weak consumer confidence report and mulled on the Federal Reserve’s next policy move, while mining stocks got a boost after China unveiled a sweeping stimulus package. A Conference Board report showed an index tracking…

By Rae Wee SINGAPORE (Reuters) -Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from Nvidia (NASDAQ:), while in Japan, comments from its central bank’s head left markets none the wiser on the country’s rate outlook. Bank of Japan Governor Kazuo Ueda reiterated on Monday the central bank will…

Traders Workshop – For Real Success – You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov World markets rapidly reversed course on ​Monday after U.S. President Donald Trump said he will order the ‌military to postpone any military strikes against Iranian power plants and energy infrastructure, easing uncertainty and fear over the repercussions…

On Monday, the US equity markets closed higher. By the end of the session, the Dow Jones Index (US30) gained 0.83%. The S&P 500 Index (US500) rose by 1.01%. The tech‑heavy NASDAQ (US100) finished up 1.13%. The main catalyst for optimism was a sharp decline in WTI crude prices to 93.5 dollars per barrel after…

GBP/USD edged higher to 1.3455 last week but quickly retreated. Initial bias remains neutral this week first, On the upside, above 1.3455 will resume the rebound from 1.3008. Firm break of 1.3470 resistance will pave the way to retest 1.3787 high. However, sustained break of 55 D EMA (now at 1.3301) will argue that the…