Nigerian court suspends Friday deadline to swap banknotes By Reuters
© Reuters. A man holds money in his hand at the animal market in Karu, Abuja, Nigeria, July 8, 2022. REUTERS/Afolabi Sotunde By Camillus Eboh and Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s Supreme Court on Wednesday prevented the government from enforcing a Friday deadline for citizens to swap old banknotes for new ones, as the […]
AUD traders heads up – RBA Statement (SoMP) due on Friday, then Lowe speaks next week
The Reserve Bank of Australia sounded a hawkish note in its policy decision and accompanying statement from Governor Lowe: The RBA promised “further increases in interest rates will be needed over the months ahead”. The quarterly Statement on Monetary Policy (SOMP) is due on Friday at 11.30 am Sydney time. 0030 GMT, and 1930 US […]
Market Update – February 3 – Freaky Friday???
“Assumed” CB Dovish Tone VS Big Tech Disappointment The ECB hiked rates and signaled another 50 bps in March, and more after that. The BoE also increased rates 50 bps but in a split 7-2 vote. A positive productivity report was good news for the Fed outlook, though jobless claims […]
Trade ideas thread – Friday, 3 February 2023
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 […]
FOMO Friday: Aussie On The Up
Spotting Key Moves In A Quiet Week With traders readying themselves for the Fed next week, we’ve seen much quieter action across markets this week. While there’s been some noteworthy developments in terms of central bank comments and data releases, we didn’t quite get the volatility we’ve seen in previous week. The calm before the […]
European indices close Friday with gains
The major European indices are closing the day with gains led by the Spanish Ibex which rose by 1.42%. The German DAX is up 0.76%. The final numbers are showing: German DAX, +0.76% France’s CAC, +0.63% UK’s FTSE 100 +0.3% Spain’s Ibex +1.42% Italy’s FTSE MIB +0.30% For the trading week, the gains today did […]
FOMO Friday: DAX On The Rocks
Dax Turns Down Following Recent GainsLooking across markets, aside from the volatility we had around the BOJ meeting, it’s been a much quieter week. The calm before the storm perhaps, as we approach the upcoming February FOMC meeting. However, there have still been some noteworthy moves and chatting with traders ahead of the weekend, it […]
Should A Trader Leave Trades Open On Friday Till Monday? Another Benefit Of TradeStops Manager EA! – Trading Systems – 12 January 2023
Discover the benefits of TradeStops Manager EA here: https://www.mql5.com/en/market/product/91553? In FX market, Friday is the last working day of the week, after then Monday comes. On Fridays. high volatility is more pronounced such that traders are usually disturbed whether to leave the trades open on Friday till Monday or not. Should a trader leave trades […]
Friday action shows where the balance of risks lies
In case you missed the action on Friday: The non-farm payrolls report solidified the narrative that the labour market remains strong and hopes for a soft landing was boosted. The initial reaction was mixed and volatile, with the dollar easing before catching a round of bids as some hints of risk aversion kicked in. In […]