MCHTRADING

MCHTRADING

The Bank of England (BoE) met this week on the heels of the U.K. general election that gave Boris Johnson’s conservative party a majority in parliament. The central bank chose to hold its policy rate steady, and noted in its statement that “GDP growth was projected to pick up from current below potential rates, supported by the reduction of Brexit-related...

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The US Dollar is seeing a cautious boost heading into Wednesday’s Asia Pacific trading session, benefiting from broad weakness in the British Pound. Sterling has been on a remarkable recovery since August, rising alongside expectations of a UK Conservative Party majority at Thursday’s general election. That could make pushing through Prime Minister Boris Johnson’s...

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Gold prices rebounded slightly amid investors awaiting a Federal Reserve policy meeting (Fed) as well as information on prolonged trade negotiations between the United States and China. Observers believe that China and the United States will soon reach a phase 1 agreement in the context of frequent contact and exchange. However, without further notice, there were...

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Trade talks between the US and China will continue to be a hot topic as both sides aim to secure the deal before the December 15 tariff deadline. Protests in Hong Kong have created Further division between the world's two largest economies and more is expected at the weekend. Labor adds a whopping 266K new jobs. Employers also hired more workers in the month than...

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time frime H4 sideway ,supply zone h4 ,trendline sell nzdjpy 69.550-69.600 sl 69.900 TP 68.800 tp2 67.900

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While the economic situation in the Eurozone has not been all that positive, this week’s data provided a bit more optimism for the future. GDP and inflation data both beat consensus forecasts, with GDP expanding at 0.2% quarter-over-quarter in Q3 and core inflation rising 1.1% year-over-year in October. While Thursday’s data were better than expected, we are not...

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Yesterday Chile unexpectedly announced the cancellation of hosting of APEC due to concerns over protests and riots. Delayed trade agreements can also greatly affect. There are new concerns that even if the first phase agreement can be reached, the next phase will be very difficult. The dollar is generally weakening Under inflation this does not provide support for...

MCHTRADING Updated 

the Federal Open Market Committee (FOMC) reduced the target range for the federal funds rate to a range of 1.50% to 1.75%. As in the previous decision, Esther George and Eric Rosengren dissented in favor of leaving the rate unchanged. In line with the September statement, today’s release characterized the labor market as strong and “that economic activity has been...

MCHTRADING Updated 

In the wake of the Great Financial Crisis, Federal Reserve Chairman Ben Bernanke introduced a number of unconventional policies, including Quantitative Easing, one of the most controversial programs in the history of central banking…but the more lasting and undeniably effective policy has been ushering in the era of “communication-as-a-policy-tool.” Over the past...

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Boris Johnson is about to make a motion calling for elections on December 12 Once again, the Brexit Drama will once again attract the attention of the public at the start of the new week with a lot of fluctuations surrounding it. In Brussels, European leaders will meet again to try to reach a decision on how long they will extend the Brexit deadline. Meanwhile,...

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