Fed's Powell: We didn't expect the jobs report to be this time
<ul><li>Labor market is extraordinarily strong</li><li>Sometimes just I get data the night before it's released, but just me</li><li>Message from last week's FOMC is that disinflationary process has begun but has a long way to go</li><li>Repeats that ongoing rate increases will be appropriate, still have not reacted sufficiently restrictive level</li><li>Vote on monetary policy takes place around noon […]
UK FTSE 100 trades to a new all time high
UK FTSE 100 has moved to a new all time high The UKs FTSE 100 has traded to a new all-time high, surpassing the previous high reached during the week of May 21, 2018 at at 7903.50. The high price today reached 7906.5804, the price has rotated back to the downside and currently trades at […]
Dollar: lost in time. Forecast as of 31.01.2023
2023.01.31 2023.01.31 Dollar: lost in time. Forecast as of 31.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ If the rate hike affects the US economy only in 2023, then a recession is inevitable. If most of the negativity has already been taken into account, then the chances of a soft landing are very high. How does the time factor affect EURUSD? Let’s […]
Master Grid MT5: Time Control – Other – 28 January 2023
Trading with a TIME Limit [ Start – Finish ] Buy for MetaTrader 5 >> Master Grid MT5 Trade only within a specified time range Trade only outside the specified time range Simultaneous launch of the advisor on different instruments with different settings for different times. Different magic numbers must be used. Trading on a […]
Time to pause and assess whether policy is sufficiently restrictive
Following the Bank of Canada’s decision to raise the policy rate by 25 basis points to 4.5%, Bank of Canada (BoC) Governor Tiff Macklem delivers his remarks on the policy outlook and responds to questions. Key takeaways “Bank of Canada has raised rates rapidly, now it’s time to pause and assess whether monetary policy is sufficiently […]
EUR/USD tops 1.0900 for first time since last April
EUR/USD buyers are on a roll at the start of the week. Hawkish ECB commentary boosts the Euro bulls, US Dollar falls. Holiday-thinned light trading could exaggerate the moves. The Euro is keeping the upper hand against the US Dollar at the start of the week on Monday, as EUR/USD is rising above the 1.0900 […]
One data point at a time is the mode in the market
The market has an interesting way of making the dark moments darker and the bright moments brighter. A few days ago, the soft landing talk was everywhere and then suddenly the reversal yesterday highlighted the multitude of risks around a hard landing, crumbling margins and consumer spending stalling. Those worries have continued today with S&P […]
Japan Senior govt member on BOJ policy: Now not the time for making a major policy change
Bloomberg (gated) with the comments from “a senior ruling party lawmaker” in an interview on Friday. Hiroshige Seko, the Liberal Democratic Party’s upper house secretary general, a senior member of the political faction of former premier Shinzo Abe. It would be premature to start exiting stimulus when demand continues to lag behind supply in Japan’s […]
USD/JPY drops below 128.00 for the first time since May 2022
Japanese yen extends gains across the board on Friday. US Dollar up for the day, sharply lower for the week. USD/JPY drops for the second day in a row. The USD/JPY is falling sharply for the second day in a row and it is trading under 128.00 at the lowest level since late May of […]
Pivot Lines Time Zone Indicator for MT5
Introduction to the Pivot Lines Time Zone Indicator Pivot Point levels are critical levels which many professional traders use, including institutional traders trading for big banks. However, the Pivot Point levels we are using may differ from what they are using. This is because our indicators may be calculating Pivot Points based on different open, […]