Traders struggle to cheer China, IMF news, softer Oil price amid mixed details
Asia-Pacific equities trade mixed, grinding lower of late as traders remain cautious ahead of top-tier data/events. Upbeat China PMI, IMF growth forecasts join Covid-linked headlines to underpin bullish bias. Mixed concerns surrounding China, due to downbeat Industrial Profits, sour sentiment in India and hawkish BoJ talks probe equity buyers. S&P 500 Futures hesitate in extending […]
Crude Oil Price Firms as Markets Appraise Fed Hiking Against China Re-opening
Crude Oil, WTI, Brent, FOMC, Fed, BoE, ECB. OPEC+ China, Contango – Talking Points Crude oil prices found some support today as China returns from holidays Offsetting Chinese optimism, the Fed, BoE and ECB are set to hike this week OPEC+ will be meeting on Wednesday and contango remains in play for WTI Recommended by […]
Master Grid MT5: Price Range Control – Other – 28 January 2023
Trading within a given Price Range [entry and exit at given prices] Buy for MetaTrader 5 >> Master Grid MT5 Types of supported price ranges Trading between two given price limits (upper and lower) Trading with only one set price limit (trading is only allowed below or above the set price) Trading without set price […]
Dallas Fed trimmed mean PCE price index +2.3% annualized in December vs +3.0% prior
One-month trimmed mean annualized +2.3% vs +3.0% prior 12-month PCE trimmed mean +4.4% vs +5.0% prior These one-month numbers have come down from 6.0% in August to near the Fed’s target. It will take more numbers like this with the help of lapping soft comps to get the Fed where it wants to be. Source […]
PCE Price Index Declines Adding Further Pressure on the DXY
US Core PCE Key Points: Core PCE Price Index YoY (DEC) Actual 4.4% Vs 4.7% Previous. PCE Price Index YoY (DEC) Actual 5% Vs 5.5% Previous. The Probability of a Fed Funds Peak Rate Above 5% for 2023 Continues to Decline. Recommended by Zain Vawda Get Your Free USD Forecast The CPI and Forex: How […]
USD/JPY keeps the red below 130.00, eyes US PCE Price Index for fresh impetus
USD/JPY meets with a fresh supply on Friday and is pressured by a combination of factors. Strong Tokyo inflation fuels speculations about a hawkish shift by the BoJ and lifts the JPY. The emergence of fresh USD selling contributes to the intraday slide ahead of the US PCE. The USD/JPY pair comes under some renewed […]
Price Alert Indicator for MT5
Introduction to the Price Alert Indicator Many traders do not want to sit in front of their price charts all day waiting for price to reach the levels where they think price may reverse or breakout. Price Alert Indicator allows traders to avoid wasting their time watching price charts all day. Instead, it notifies traders […]
Weekend oil – Yellen says setting price caps on Russian refined oil products complicated
Yellen was speaking with media on her trip to Africa. Yellen said the the US Treasury estimates that the G7-led price cap on Russian crude oil and refined products to limit Russia’s revenues could save the 17 largest net oil-importing African countries $6 billion annually said two separate price caps on Russian refined petroleum products, […]
EUR/USD Price Analysis: Remains consolidative below 1.0900
EUR/USD comes under pressure but remains bolstered by 1.0800. Next on the upside emerges the key barrier at 1.0900 the figure. EUR/USD fades the initial test of the 1.0860 region and returns to the negative territory on Friday. Extra range bound mood looks likely for the time being, while the surpass of the so far […]
Pound Sterling Price News and Forecast: GBP/USD climbs towards 1.2390
GBP/USD seesaws during the North American session, around the 1.2360-1.2390 region, around the London Fix, unable to gain a clear direction. Risk appetite increased, which usually favors the Pound Sterling (GBP), but soft UK economic data weighed on the GBP/USD. At the time of writing, the GBP/USD exchanges hands at 1.2391. Read More… GBP/USD is on the back […]