Category Archives: Forex For Beginners

Treasury Snapshot: 10-Year Yield at 2.39%

Note: We’ve updated this commentary with data through Friday’s market close. Let’s take a closer look at recent activity in US Treasuries. The yield on the note ended the day at 2.39% and the 30-year bond closed at 2.89%. Yields and FFR since January 2007 Here is a table showing the yields highs and lows and the FFR since 2007 as of today’s close. The 10 yield spread is now at 0.79%. The chart below shows the daily performance of several Treasuries and the Fed Funds Rate […]

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Forex – Weekly Outlook: October 23

© Reuters. Dollar boossted by U.S. tax reform hopes Investing.com – The dollar rose against a basket of the other major currencies on Friday as hopes for U.S. tax reforms were boosted after the Senate approved a budget measure that will allow Republicans to pursue tax cuts without Democratic support. The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.61% at 93.57 in late trade. It was its largest one day gain since October 2. The index ended the […]

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10-Year Note Speculators Sharply Cut Bullish Net Positions For 4th Week

10-Year Note COT Futures Large Trader Positions Non-Commercial Speculator Positions: Large treasury speculators reduced their bullish net positions in the 10-Year Note futures markets again this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of 106,291 contracts in the data reported through Tuesday October 17th. This was a weekly decline of -86,315 contracts from the previous […]

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Return of ‘Trumpflation’ bets push dollar higher By Reuters

© Reuters. FILE PHOTO: Illustration photo of a U.S. Dollar note By Saikat Chatterjee LONDON (Reuters) – The dollar rose on Friday, on track for its biggest daily gain in more than two weeks, as progress on U.S. tax reforms raised prospects of a fiscal lift to the economy, though a lack of broad inflationary pressures checked gains. Enhanced risk appetite helped boost European stock markets and the euro hit a 2-1/2-year high against the Swiss franc in Asian trade. [MKTS/GLOB] “Today’s story has been all about […]

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New Zealand’s incoming leader flags TPP problems By Reuters

© Reuters. FILE PHOTO: New Zealand’s new opposition Labour party leader, Jacinda Ardern, speaks during an event held ahead of the national election at the Te Papa Museum in Wellington SYDNEY (Reuters) – New Zealand’s participation in the Trans-Pacific Partnership (TPP) has encountered an obstacle with incoming Prime Minister Jacinda Ardern insisting she will push for changes to the agreement due to be finalised next month. The prime minister-elect told TVNZ’s Q+A program on Sunday that she supports the TPP as well as lifting exports. But she […]

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Yuan Clarified by PBOC Governor, Waits for New Party Leaders

Fundamental Forecast for CNH: Bullish The PBOC’s Governor Zhou Xiaochuan clarified what will be floating and what will be managed in the Yuan. Policymakers will disclose further reform plans at Party Congress, which may add bullish momentum to the Yuan. A re-election of top party leaders will help to maintain stable administration and thus could support the Yuan. The Chinese Yuan finished in the middle this week compared to major currencies: it gained against the JPY, CAD, NZD, and CHF while lost against the USD, EUR and […]

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Central Bank News Promises Fireworks

Central banks will command financial markets’ attention in the week ahead, with speeches from top officials including Fed Chair Yellen and a wealth of policy-defining data due. British Pound Forecast: Supported For Now But Politics Hold Sway The British Pound continues to be held ransom by the ongoing Brexit talks although next month’s central bank policy decision may underpin GBP Euro Forecast: ECB To Announce Start of Tapering, Will Avoid Any Surprises Euro trading will be dominated in the coming week by Thursday’s meeting of the European […]

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DAX Outlook as ECB Looms, S&P 500 Levitating While FTSE Seeks Resolution

Talking Points: S&P 500 continues to notch out new record highs, a few ‘high’ impact data events with GDP as the main one on Friday DAX squaring up against long-term trend-lines ahead of the important ECB meeting on Thursday FTSE 100 caught between support and resistance, GDP on Wednesday the big data print of the week Check out our longer-term views on markets in the DailyFX Q4 Forecasts. S&P 500 There a few ‘high’ impact data points coming up next week, but may have minimal impact on […]

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Speculators Less Bullish on Euro, Australian Dollar; More Bullish on S&P 500, Precious Metals By Investing.com

CFTC: Speculators Less Bullish on Euro, Australian Dollar; More Bullish on S&P 500, Precious Metals Investing.com – The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending October 17 on Friday. Speculative positioning in the CME and ICE currency, commodity, energy and index futures:         Long Short   Net Prior Change Gross Change Gross Change 90.5k 98.1k -7.6k 186.8k -9.1k 96.3k -1.4k 5.0k 15.5k -10.5k 72.9k -6.7k 67.8k 3.7k -101.3k -101.4k 0.1k 55.0k 3.4k 156.3k 3.2k -4.9k -4.3k […]

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Foundations of Technical Analysis: Building a Trading Strategy

See these tools & methodology used in practice, Join Michael for his Weekly Strategy Webinar on Monday mornings. In this educational series on the Foundations of Technical Analysis, we piece together the anatomy of a swing trade and discuss the tools along with the methodology used to construct a basic trade setup. Each week we focus on a core concept in technical analysis and how to implement these tools in your trading strategy. Technical analysis on whole is an extremely broad discipline and while there is no […]

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