It’s been a choppy week for the dollar, what are the key levels to watch?
If I were to describe it, I’d say that the dollar is on the brink still and that while there are some technical levels being stretched, they aren’t being broken as we look towards the central bank bonanza next week. But even before the end of the week and month-end trading early next week, it […]
Dollar Extends Pressurized Range, Stocks Attempt to Rally the Bulls, The Real Event Risk is Next Week
S&P 500, Nasdaq 100, US Dollar, Event Risk and FOMC Rate Decision Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 132.00 The Q4 GDP update this past session beat expectations and the Fed’s favorite inflation indicator (PCE deflator) is due for release Friday Between the progress in certain risk […]
European equity close: The new week starts with a gain
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Economic calendar for the week 23.01.2023 – 29.01.2023
2023.01.23 2023.01.23 Economic calendar for the week 23.01.2023 – 29.01.2023 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Review of the main events of the Forex economic calendar for the next trading week (23.01.2023 – 29.01.2023) Thanks to Friday’s momentum, the dollar ended the week in positive territory with the DXY index up about 0.4%. Interestingly, the dollar strengthened at the […]
Market Update – January 23 – Same story new week!
Chinese New Year celebrations – many centres are closed in Asia. Treasuries sagged to end on a bearish week. USDIndex at 101.30 low as the market continued to price out a 25 bp rate hike on February 1 & BoJ’s latest attempt to keep a lid on yields, along with […]
Australian inflation data this week – the RBA will be eyeing it for the February 7 meeting
Australian CPI data for the December quarter (October – December) is due on Wednesday 23 January 2023 at 0030 GMT (0530 US ET): This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month/quarter as the […]
WSJ Fed insider says its Open Market Committee (FOMC) preparing a 25bp rate hike next week
A weekend piece from Nick Timiraos in the Wall Street Journal. Says Federal Reserve officials are preparing to slow down from a 50bp rate hike in December to 25bp this time around (the meeting is January 31/February 1). And that further debate at the Federal Open Market Committee (FOMC) will centre on when to ‘paude’ […]
Executive Moves of the Week
In January, the number of executive roles being onboarded in the forex, crypto and fintech industries is returning to what we normally expect with a slight dip due to redundancies in the market. Let’s review the executives that have taken on new roles and challenges in our executive moves roundup of the week. Fiona Richards […]
ECB vs Fed Continues Next Week, EUR/USD Seeks Breakout
EUR/USD ANALYSIS All eyes on U.S. economic data and ECB speak. Bullish impetus fading for euro? Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL FORECAST: MIXED Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The euro ended last […]
MULN down 16.5% this week
Mullen Automotive stock is losing value on Friday. MULN stock has lost more than -16% YTD. To continue its production ramp up goals, Mullen will probably need to keep diluting shareholders. Mullen management could boost oustanding shares from 1.7 billion to 5 billion. Mullen Automotive (MULN) has experienced an awful slide this week. Early January’s […]