Edge-Zorin2

  Being able to trade financial markets from the beach is often regarded as the pinnacle of where any’successful trader’ should be… However, trading from the beach is exaggerated. In fact, it’s a royal pain in the arse! The ball and chain effect The ball and chain effect – because your laptop is likely to be the most valuable thing in your possession at the beach, let alone the most valuable thing on the beach, fear of loss, theft, or damage will creep in at precisely the moments when you should be relaxing and enjoying yourself. “Would you like to go swimming and snorkelling in the sea?” – “No, you’re fine… “You’re taking care of your laptop!”   Read More... EDGE-FOREX   #edgeforex #Forextrading #Forexsignals #Forex #Beach #trading #easy #sand #minutes #successful #trder #beautiful #laptop 

  Money markets Following the release of inflation data, financial markets increased their bets on the ECB raising interest rates. The ECB is expected to tighten by 115 basis points by the end of the year, with a 40 percent chance of a 50 basis point hike in July. This represents an increase from the 110 basis points that were priced in at the end of last week. With headline inflation already above 8%, the story isn’t so much about rising energy prices. The increase in price pressures is visible in all areas: As a result, be wary that we might hear some murmurs about how those discussions are going, which could create a more nervous atmosphere for next week’s meeting. Based on what policymakers have told us, it may not yet be a ‘live’ one, but let’s wait and see what the ECB message is after today to be sure. Read More... FOREX MANAGED ACCOUNT   #edgeforex #Forextrading #Forexsignals #trading #forex #money #markets #financial #ecb #covid #european #eurozone #econo...

  Getting started with your own trading journal is actually quite simple. At its most basic, you could create a well-structured excel sheet. Maintenance  Once you’ve configured your trading journal to meet your needs, it’s time to think about how to keep it up to date.  A well-maintained trading journal containing details – data, charts, and notes – of your trades can arm and empower a trader to increase his chances of success while lowering the risk quotient. Of course, getting the most out of the trading journal is dependent on how well and frequently it is reviewed, as well as some practical takeaways gleaned from it.  Here is an outline to help you keep your journal. Trades done:  Log in all trades with the stock name, time of transaction, entry and exit price, trade size, target and stop loss, and other relevant information. Read More... EDGE-FOREX   FOREX MANAGED ACCOUNT #edgeforex #Forextrading #Forexsignals #forex #trading #journal #li...

  To be drawn to shiny objects, you do not have to be a “jewellery person.” It is human nature, according to scientists.  We’ve always sought refuge in this precious metal in times of need, so it’s no surprise that jewellery designers and museum curators are in high demand.  Throughout history, when times were tough, people turned to this yellow precious metal. So, with inflation, multiple democracies in crisis, and the lingering effects of a pandemic, it is not surprising that there appears to be a modern-day gold rush.  According to one theory, our prehistoric ancestors developed this attraction while searching for water sources in the wilderness. When we see the flash of metal or the flicker of diamonds today, it reminds us of the sparkle of a drinking pool in sunlight. In response, we move toward it.  “Gold provides reassurance in these troubled times.” It’s forever been a place of refuge, and storing is an approach to managing tension. “Anoth...

  Equities European equities begin the day higher. A strong start to the session for stocks Eurostoxx +0.7%, Germany DAX +0.8%, France CAC 40 +0.6%, United Kingdom FTSE +0.4% & Spain IBEX +0.5% The upbeat mood from last week has carried over, with positive developments from China, such as the relaxation of lockdown restrictions, also contributing. However, inflation readings in Europe this week will be a focus, and while they may not detract from the equities rally, it is worth noting that price pressures are still not easing in May. Read More... EDGE-FOREX #edgeforex #Forex #forextrading #forexsignals, #equities #eurozone #highes #lowest #us #equity #40- year old   

  The London forex market is open from 3:30 a.m. to 12:00 p.m. ET. It accounts for approximately 35% of total average forex turnover*, the highest proportion among its peers. Throughout the year, the London forex session overlaps with the New York session.  The London forex market session has the highest volume of any forex market session. Characteristics of London Trading Session  Fast and active The slower Tokyo market will lead into the London session, and traders can usually expect increased volatility as prices begin to move from liquidity providers based in the United Kingdom.  Read More... FOREX MANAGED ACCOUNT #edgeforex #forex #Forextrading #Forexsignals #london #session #ussession #tokyo #slow #fast #trend #support #resistance  

  China China opens its exchange bond markets to foreign investors. The People’s Bank of China announced another step toward greater global access to China’s financial markets. According to a Friday statement from the People’s Bank of China, China will allow foreign institutional investors to purchase bonds traded on its smaller exchange market. Qualified foreign institutional investors, ranging from central banks and sovereign funds to commercial banks and pension funds, will be able to trade bonds and invest in derivatives on the exchange market, in addition to other bond-based instruments permitted by the PBOC and China’s securities regulator. Read More... EDGE-FOREX   #edgeforex #forextrading #forexsignals #forex #china #markets #investors #bank #bonds #evergrande #russia #coupons #data #equity 

  There is never time to do anything other than research and discover a potential stock worth trading in. Maintaining a trading journal may be low on their priority list in such circumstances.  The trading journal should be given the attention it deserves as a tool that can be invaluable to any trader. A Trading Journal A trading journal is a diary that a trader keeps of everything that happens at work and the thoughts that come to mind regarding his trading experiences.  It is similar to a diary, which some of us prefer to keep in order to record what happened in a day and how we felt about it. The only difference is that a trading journal is not a personal diary, but rather a professional journal.  Read More... FOREX MANAGED ACCOUNT #edgeforex #Forextrading #Forexsignals #forex #trading #journal #list #diary #entry #notes #revies #emotions #lessons  

  Choosing a single time frame for forex trading is insufficient. Here are some fundamental factors to consider when trading. ·       News releases All three types of traders must be aware of any scheduled or unscheduled news releases and understand how they will affect the market. These press releases may be related to central bank press conferences, interest rate decisions, or other economic announcements. Whatever they are, you must adjust your trading strategy accordingly.  These unexpected news releases have the greatest impact on day traders and swing traders. For the same reason, most market participants prefer a position trade. Because the position trader has already anticipated any price disruption, these incidents have the least impact on them. They are primarily concerned with long-term benchmark targets. Read More... FOREX MANAGED ACCOUNT   #edgeforex #forex #forextrading #Forexsignals #trading #trigger #leverage #news ...

  Evergrande Evergrande is said to be considering repaying offshore bondholders with cash instalments. As part of the proposal, Evergrande is said to consider repaying offshore creditors the principal and interest on the debt by converting it into new bonds. The new bonds will then be repaid in instalments over a 7 to 10-year period. For context, Evergrande owes approximately $19 billion to its offshore public bondholders. Evergrande is also expected to complete the proposal by July and sign agreements with investors by December. That’s a lot of talking, but it’s unclear how they’ll come up with the funds to carry out this repayment plan. Read More... EDGE-FOREX   #edgeforex #forex #forextrading #Forexsignals #evergrande #cash #bondholders #equities #dollr #currency 

  Some factors contribute to the success of traders. These are your research and analysis abilities, instincts, and trade timing.  When it comes to foreign exchange trading, timing is everything. Perfect timing allows you to carry out your ideas and strategies effectively.  Forex traders are broadly classified into three main categories based on time frame: day traders, swing traders, and position traders.  In an intraday timeframe, a day trader makes frequent and high-volume trades.  At the end of the day, these traders rarely have anything in their hands. This means that any negative news that comes after the market closes and before the market opens the next day will not affect their trade. Read More... FOREX MANAGED ACCOUNT   #edgeforex #forex #forextrading #forexsignals #markets #currencies #traders #swing #position #day

  According to UK Transport Secretary Grant Shapps, famine caused by grain and food shortages as a result of Ukraine’s invasion could kill more people than the war itself.  Poland has become a major entry point for Western humanitarian aid and weapons into Ukraine, as well as a conduit for Ukraine’s grain and other agricultural products to reach global markets.  Dominic Waghorn, Sky’s international affairs editor, is in Odesa on the Black Sea coast, where massive grain ships are stranded and unable to leave.  He stated that the UK is discussing a solution with European allies such as Lithuania and is considering sending warships to the area in an attempt to persuade Russia to withdraw. Read More... FOREX MANAGED ACCOUNT    #edgeforex #forextrading #forexsignals #forex #missiles #russia #ukraine #food #shortages #war #kyiv

  Treasury yields Ten-year Treasury yields have fallen to a six-week low. The bond market remains an interesting place to watch, and after the unrelenting selloff (due to deleveraging pressures) in March and April, we are seeing steady bids in the last three weeks. It may be overdue after a year of one-way traffic, with 10-year Treasury yields more than doubling from 1.60 percent to a high of 3.20 percent just three weeks ago. Given that we have somewhat fully priced in Fed hawkishness (at least for the time being) in terms of what policymakers are signalling, it is a potentially significant trigger for bond selling to slow. The market now expects a lower and earlier terminal rate than a month ago, which makes sense. In this regard, the market may be sensing that the Fed’s window for tightening is closing. And one could argue that this is undoubtedly due to stagflation and rising recession risks. Read More... FOREX MANAGED ACCOUNT   #edgeforex #forextrading #forex...

  Europe Risk sentiment is slightly higher heading into European morning trade. Equity futures are higher as the session begins. Consider the following changes in stock futures: • S&P 500 futures are up 0.4%. • Nasdaq futures are up 0.6%. • Dow futures are up 0.2%. • German DAX futures are up 0.8%.   Read More... FOREX MANAGED ACCOUNT   #edgeforex #forextrading #forexsignals #week #decline #eduities #europe #rate #morning #trade #bounce #picture #lower #futures

  Despite a small bounce on Wednesday, USD/JPY has been correcting lower in recent days, mirroring the drop in US Treasury rates.  Weakening US economic data and rising recession fears may undermine the US dollar against the Japanese yen in the coming days and weeks, according to the tight positive correlation between the USD/JPY and the US 10-year yield, and the US dollar may continue to weaken if Treasury rates continue to fall. Despite today’s modest gain, the pair has fallen from 128.20 to 127.15 in the last three days, a retreat that has coincided with the 10-year yield falling from 2.85 percent to 2.72 percent at the time of writing. The Japanese yen appears to be in a better position to extend its recovery against the US dollar in the coming days and weeks, with the US recession narrative strengthening, Treasury rates pulling back from recent highs, Wall Street in free fall, and risk-off sentiment on the rise.  Read More... FOREX MANAGED ACCOUNT #edgef...

  Foreign exchange scam is a catch-all term for any plan designed to defraud traders by promising high returns on the forex market. The foreign exchange market is essentially a zero-sum game in which one person gains while another loses. Forex is still a popular investment option, but it can be difficult to identify scams online. Check out our tips for identifying legitimate forex trading platforms and avoiding fraud. Forex tricks flourish on the web, executed by swindlers who gain certainty from the namelessness of the Internet. It is basic to recognize a trick from a genuine forex exchanging action request to safeguard yourself from monetary ruin. Read More... EDGE-FOREX   #edgeforex #forextrding #forexsignals #trading #forex #dealers #scam #warning #signs #trust #gains #losses #opportunity #broker

  While European growth prospects were improving, the Russia-Ukraine conflict served as a wake-up call, adding to inflationary pressures and rising energy costs. Since June last year, it has been rather one-way traffic for the euro against the dollar as the market focused a lot on the eurozone’s and the US’s policy and economic divergences. Given the prospect of a worsening economy, the window for tightening policy may be limited.  But that hasn’t stopped markets from believing that the ECB can Deliver aggressively. As things stand, money markets have priced in 110 basis points of rate hikes by the Fed this year. That equates to at least four 25 basis point rate hikes, putting an end to Europe’s negative interest rate “experiment” – at least for the time being.  Read More... FOREX MANAGED ACCOUNT   #edgeforex #forexrading #forexsignals #forex #outlook #inflation #ecb #buyers #euro #time #pair

  The US Federal Reserve and other major world central banks described the initial inflation rise as transitory and seen as a temporary phenomenon, primarily caused by the fast growth of the economies post-pandemic, which was expected to peak in early 2022 and then begin to ease. It appears that the central bankers miscalculated, as price growth accelerated beyond all expectations, driven by a variety of factors that, when combined, pushed inflation to multi-decade or record highs, with no signs of abating so far. After being anaemic for several years, despite numerous attempts by central banks to revitalise it and push it out of the zone well below targets, price growth has suddenly exploded in the last few months. Many economists believe that rising inflation was the result of a longer-term process, pointing to massive printing of money that was pumped into economies during the pandemic slowdown to keep them afloat and maintain ultra-low interest rates. This relates...

  Germany Germany May flash manufacturing PMI 54.7 vs 54.0 expected Even though manufacturing conditions improved slightly month on month, the German services sector remains resilient, supporting economic activity. Nonetheless, there were signs that market uncertainty, rising prices, and supply issues were putting a damper on demand, with manufacturers reporting the steepest drop in new orders in nearly two years. Meanwhile, inflationary pressures remained high, though rates of both input cost and output price inflation fell slightly from April’s all-time highs. According to S&P Global, a post-lockdown recovery in services activity remains a strong tailwind for the German economy, with May’s ‘flash’ PMI data indicating that output levels remain in growth territory. Read More... EDGE-FOREX   FOREX MANAGED ACCOUNT

  Russia-Ukrain e Russia High-level talks between Russia and Ukraine yield no results. Lavrov stated that a meeting between Putin and Zelensky was discussed and that the former would not turn down such an opportunity. Any such contact, however, would have to be substantive and specific. “I’m guessing that would mean Kyiv submitting to Moscow’s demands,” he added. Otherwise, I don’t see a meeting between the two at any point.” In any case, today’s meeting produced no significant results. There are no surprises here. As a result, the siege on Ukrainian cities will continue until further developments occur. The difference in tone and focus points following the meeting suggests that both sides are still far from seeing eye to eye on any peace or ceasefire. Lavrov also warns that the West is behaving “dangerously” by supplying weapons to Ukraine, posing a threat to the region that could last “many years.” Read More... FOREX MANAGED ACCOUNT  

  With inflation nearing the ECB’s 2 percent target, the Governing Council has been building momentum to raise the deposit rate from its current level of -0.5 percent in July. Lagarde’s comment suggests two 25-basis-point increases at the July and September policy meetings.  While Dutch central bank chief Klaas Knot suggested last week that a half-point rate hike might be necessary, Lagarde has repeatedly stated that policy normalisation will be gradual, and she reiterated that sentiment on Monday. According to President Christine Lagarde, the European Central Bank will likely begin raising interest rates in July and exit sub-zero territory by the end of September.  “I expect net APP purchases to end very early in the third quarter,” she wrote in a blog post on Monday. “This would allow us to lift rates at our July meeting, in line with our forward guidance.” Based on current projections, we should be able to exit negative interest rates by the end of the t...

  China China warns the US not to underestimate its resolve on Taiwan Beijing responds with a warning salvo directed at Biden This comes after Biden’s remarks in Tokyo. “No one should underestimate the Chinese people’s firm resolve, staunch will, and strong ability in defending national sovereignty and territorial integrity,” said China’s foreign ministry spokesman. It’s pretty clear what the message is about and who it’s intended for. Read More... EDGE-FOREX FOREX MANAGED ACCOUNT   #edgeforex #forextrading #forexsignals #forex #china #taiwan #beijing #snb #boe #retracement #risk

  According to Bank of America Corp.’s report using EPFR Global data, global equity funds had $5.2 billion in outflows in the week ending May 18, led by mutual fund redemptions, while US stock funds saw a minor $0.3 billion inflow. Only Treasuries and government debt saw inflows, with outflows totaling $12.3 billion. Cash and gold were also sold by investors. In the past week, investors have abandoned most major asset classes, with US equities and Treasuries being the only exception, amid fears that tighter monetary policy may push leading economies into recession. Fears of an impending recession have been overstated, according to Goldman Sachs Group Inc.’s Kostin and JPMorgan Chase & Co.’s Marko Kolanovic, while Morgan Stanley and BofA warn the equities market fall has further to go. Read More... FOREX MANAGED ACCOUNT   #edgeforex #forextrading #forexsignals #forex #recession #worries #investment #billion #energy #material #financial #drop #outflows

  Stocks US stocks recover but fall for the seventh week in a row. Markets: The S&P 500 fell for the seventh week in a row, the longest streak since 2001. The longest streaks ever were 8 weeks in 2001 and 1970. At the moment, there is a lot of emphasis on stocks. The S&P 500 opened higher, then fell more than 2% at the lows before recovering late in the day to finish fractionally higher. It’s worth noting that the correlation with FX has weakened. Today, the dollar was generally weaker, while yen crosses were mostly higher. This is a departure from the recent trend. Read More... EDGE-FOREX   FOREX MANAGED ACCOUNT

  A document outlining the Commission’s aims for the REPowerEU plan was published on Wednesday, highlighting the importance of energy savings, the diversification of energy imports and speeding up what it called “Europe’s clean energy transition.” The European Commission has fleshed out details of a plan to ramp up the EU’s renewable energy capacity and reduce its reliance on Russian fossil fuels, at the same time acknowledging that existing coal facilities may have to be used for “longer than initially expected.” The Commission’s proposals came on the same day the governments of Denmark, Germany, the Netherlands and Belgium said they would aim for a combined target of at least 65 gigawatts of offshore wind capacity by 2030. By the middle of the century, they are aiming for 150 GW of capacity. In total, it envisages extra investment of 210 billion euros ($220.87 billion) between 2022 and 2027. When it comes to renewables’ share in the EU’s energy mix, the Commission ...

Melvin Capital’s assets stood at $7.8 billion at the end of April. According to a person familiar with the fund’s finances, the fund lost 23% in the first four months of 2022.  Melvin Capital, once one of Wall Street’s most successful hedge funds before losing billions in the meme stock saga, will close after being hit again by this year’s market downturn.  Gabe Plotkin, widely regarded as one of the industry’s best traders after years of double-digit returns, told investors that the previous 17 months had been “an incredibly trying time.” Plotkin had been attempting to turn around the company after being caught off guard in early 2021 betting against retail favourite GameStop (GME.N) and being caught off guard again this year by tumbling markets.  Read More... FOREX MANAGED ACCOUNT #edgeforex #forex #forextrading #forexsignals #wallstreet #melvincapital #losses #hedge #finds #investors #pandemic

    Equity According to BofA, the equity wipeout has triggered a ‘contrarian buy signal.’ Bank of America’s ‘Bull & Bear’ indicator drops to “unambiguous contrarian buy” This is primarily regarded as a sentiment indicator, but it suggests that market bearishness is nearing its peak. That doesn’t necessarily mean the selloff is over, but given the rate of the market’s decline in recent weeks, one could argue that we’re due for a technical break as well. According to BofA, $5.2 billion left global equities funds last week, while $12.3 billion left global bond funds, marking the seventh consecutive week of outflows. When the BofA ‘Bull & Bear’ indicator falls below 2.0, it indicates a “unambiguous contrarian buy.”   Read More... EDGE-FOREX   FOREX MANAGED ACCOUNT #edgeforex #forex #forextrading #forexsignals #dollar #aud #usd #risk #equity wipeout #selloff #retreat  

  According to traders familiar with the matter, gold at the BOE has recently traded as much as a dollar an ounce below benchmark London prices. According to one of the traders, such a large discount usually indicates a large institution, such as a central bank, selling a significant amount of reserves in order to raise US dollars or other currencies.  The Bank of England’s vaults house 5,676 tonnes of bullion, making it one of the world’s largest stockpiles, which it holds on behalf of other central and commercial banks. Gold held by central banks is typically bought and sold in bilateral trades between large institutions at prices that are typically within a few cents of the market rate. Gold in central bank vaults traded $1 lower than the London benchmark.  Read More... FOREX MANAGED ACCOUNT #edgeforex #forextrade #forex #forexsignals #boe #gold #bullion #fell #peak #traders #market #cost #standards 

  As of Thursday morning in Europe, the euro was hovering around $1.05, after falling steadily for nearly a year, from around $1.22 in June. Earlier this week, the common currency fell to just above $1.03.  For the first time in 20 years, the euro is approaching parity with the US dollar, but currency strategists are divided on whether it will reach that level and what it will mean for investors and the economy.  Concerns about Russia’s war in Ukraine, surging inflation, supply chain issues, slowing growth, and tightening monetary policy have pushed investors toward traditional “safe haven” assets, strengthening the dollar. Divergence in monetary policy among central banks has also contributed to the narrowing of the two currencies. The US Federal Reserve raised benchmark borrowing rates by half a percentage point earlier this month, its second hike of 2022, as it seeks to rein in the Fed and the ECB, which will affect the EURUSD pair. The currency is also be...

  HSBC   HSBC lowered its S&P 500 year-end target to 4,450 from 4,900 previously. Another of the subsequent calls/revisions to the equity outlook Their previous request for 4,900 people was made on January 10, so it predates the Russia-Ukraine conflict and China lockdowns.  There is no doubt that the inflation outlook and the squeeze on businesses (and thus earnings) and consumers are now part of the picture.  In case you missed it, Deutsche Bank predicted earlier today that the S&P 500 would fall to 3,650 before recovering to around 4,700 to 4,800 by year’s end. Read More... EDGE-FOREX forex trading strategies #edgeforex #forextrading #forexsignals #forex #hsbc #russia #ukraine #fall #earnings #china #beijing #dollar #greenback    

  Pakistan’s inflation rate has now reached 13.37 percent, ranking second in Asia only to Sri Lanka, which recently declared bankruptcy and is currently embroiled in political turmoil.  Pakistan appears to be on the verge of declaring bankruptcy after failing to secure financial aid from its allies and the International Monetary Fund, and with loan repayments looming. While the incumbent government is afraid of losing popularity by implementing inflationary policy measures, Pakistan’s economy appears to have no other choice. Furthermore, former Prime Minister Imran Khan, who was deposed on the basis of similar opposition claims, has threatened nationwide protests against soaring inflation and other policy measures implemented by a “imported government.” Read More...  forex factory #edgeforex #forextrading #forexsignals #forex #pakistan #bankruptcy #loan #imf #inflation #aid #financial #economy #political  

  Consumer prices increased by 9% year on year through April, the fastest rate since March 1982, according to the Office for National Statistics in a report released on Wednesday.  Inflation in the United Kingdom has reached its highest level since Margaret Thatcher was prime minister 40 years ago, increasing pressure on the government and central bank to act.  The increase is more than double the rate of basic wage growth, putting downward pressure on consumer spending power. The pain is only going to get worse, with the Bank of England predicting double-digit inflation by October, when energy prices are almost certain to rise again. The increase in energy prices, which reflected a surge in wholesale markets, drove a 54 percent increase in consumer bills in April, up from 7% in March. Fuel prices also played a role, reflecting higher oil prices following the Ukraine war. In April, both gasoline and diesel prices reached new highs.  Read More...  ...

  ECB Pablo Hernandez de Cos, an ECB policymaker, made the following remarks:  A gradual withdrawal of stimulus is adequate in the current context Further rate increases could be made in the coming quarters This could reach levels in line with the natural rate of interest if the medium-term inflation outlook remains around our target That is consistent with recent comments regarding a rate hike in July. That is a foregone conclusion now, but the hawks are hyping a move to positive territory. There is no doubt that the ECB could go all out in the fight against inflation, but the eurozone economy will face significant challenges in the coming quarters. Read More...  EDGE-FOREX   

  India has banned wheat exports with immediate effect, citing a threat to food security, in part due to the conflict in Ukraine and as a scorching heatwave curtailed output and domestic prices reached a record high.  Despite not being one of the world’s top wheat exporters, India’s ban could push global prices to new highs, putting poor consumers in Asia and Africa at risk.  A spike in global wheat prices threatened India’s food security and that of neighbouring and vulnerable countries, according to a notice published in the government gazette on Friday by India’s Directorate of Foreign Trade. Although India’s wheat output did not fall dramatically this year, government officials said that unregulated exports caused a rise in local wheat prices.  Read More... forex trading reddit #edgeforex #forextrade #forexsignals #forex #wheat #trade #food #security #shortage #india #germany #ukraine #breadbasket  

  Sri Lanka’s newly appointed prime minister has stated that the cash-strapped island nation has run out of petrol, and that the country urgently needs $75 million in foreign exchange in the coming days to pay for essential imports such as medicine.  He also stated that the government was unable to raise funds to pay for three oil shipments, with the ships awaiting payment outside the Colombo harbor before discharging their cargoes.  ” The following couple of months will be the most irksome this country has anytime defied.” Obviously, this affects all aspects of life, not just the industrial and manufacturing sectors, but also daily life, children going to school, and every other aspect you can think of.  “People did not have a clear picture of how bad things were so far.” Reassurances from successive politicians did not help because people had a false sense of optimism that everything would be fine.  Read More... forex trading strategies #edgefore...

  OPEC+ OPEC+ continues to produce well below the required level in April, with Russia accounting for roughly half of that. Compliance with OPEC+ output cuts increased to 220 percent in April, up from 157 percent in March. This is despite the fact that its output caps have been relaxed in recent months. Notably, the bloc’s production was 2.6 million barrels per day below the required level in April, with Russia producing 1.28 million barrels per day below its own required level. In other words, don’t count on OPEC+ to help you balance the supply side of the equation. Read More...  EDGE-FOREX #edgeforex #forextrading #forexsignals #forex #opec #russia #kiev #ukraine #steam #dow #futures #nasdaq #risk #barrels  

  Copper is a global commodity with numerous applications in industry and is highly correlated with economic growth. Copper trading is frequently used by hedgers and speculators to protect or profit from future price movements. Copper is traded in a variety of ways, including futures, options, equities, and CFDs. Copper ETFs (exchange traded funds) such as CPER (United States Copper Index Fund) and JJCB can also provide exposure to the metal (iPath Series B Bloomberg Copper Subindex Total Return ETN). Accessibility is one advantage of copper trading.  Copper is a soft malleable metal with gold and silver-like properties. Its main sources of demand are building materials, transportation equipment, and electronic products. Read More...  forex trading  

  Finland’s President Sauli Niinisto stated at a press conference alongside Prime Minister Sanna Marin, “Today, we, the president and the government’s foreign policy committee, have decided that Finland… will apply for NATO membership.”  He went on to say that Finland’s membership in the military alliance will “maximize” its security following Russia’s unprecedented invasion of Ukraine in February.  NATO, established in 1949 by the United States, Canada, and a few Western European countries to give aggregate protection from current Russia’s ancestor, the Soviet Union. Since its beginning, the partnership has had a strained relationship with the Soviet Union and, following its breakdown in 1991, the Russian Federation. Finland and Sweden are set to apply for NATO enrollment, the nations declared on Sunday, in a noteworthy move for the Nordic nations known for their tactical impartiality approaches. Read More...  fx trading #edgeforex #forex #forextrading...

  Ratings Fitch Ratings expects the global fiscal recovery to slow in 2022 and 2023. According to Fitch Ratings, the global fiscal recovery in 2021 that followed the Covid-19 shock in 2020 has slowed sharply, owing to higher commodity prices, rising inflation in general, higher borrowing costs, slowing real GDP growth, and the war in Ukraine. Fitch ratings predicts a slower global fiscal recovery in 2022 and 2023. Fitch says the global fiscal recovery in 2021 that followed the covid-19 shock has slowed sharply, because of higher commodity prices and rising inflation, among others. Fitch says that in 2021, the global fiscal recovery will be affected by increased borrowing costs, slowing real gdp growth, and war in Ukraine. Fitch says policy interest rates are increasing, and fitch believes this ends the era of very low government borrowing costs. Read More...  EDGE-FOREX  forex managed funds #edgeforex #forextrading #Forexsignals #forex #ratings #fiscal #policy ...

  On Friday, USD/TRY extended its monthly rebound for the seventh consecutive session, as the dollar’s rally continues unabated and geopolitical concerns keep the lira on the back foot so far.  USD/TRY rises due to USD strength and geopolitics USD/TRY rises to new 2022 highs around 15.50.  The Turkish lira continues to fall, pushing the USD/TRY to new 2022 highs in the 15.50 range on Friday.  President Erdogan reacted angrily to news that Sweden and Finland will apply for NATO membership amid rising tensions between the West and Russia over the Ukraine conflict. Read More...  forex signals live #edgeforex #forex #forextrading #forexsignals #trading #usd #try #strength #geopolitics #lira #rebound #monthly #tensions #west  

  Oil Oil has now reached a new high for the week. This is the third consecutive week of gains. The oil market’s resilience this week is astounding. Nonetheless, oil is poised to gain for the third week in a row. The previous week’s close was $109.77, and it is currently trading at $110.16. The $110 level is also significant because it is close to the late-April interim high and the pennant that it formed. The demand side is clearly hampered right now, and this will worsen. Nonetheless, the market remains buoyant. The only nagging concern is that some major players in the EU or Asia may be aggressively stockpiling. Russia has talked a big game, but people have realised that they can’t keep delivering oil. Read More...  EDGE-FOREX  #edgeforex #forex #forextrading #forexsignals #eu #sanctions #oil #highs #ecb #stock #markets #gdp #growth 

  Commodities are raw materials or agricultural products that can be bought and sold, with gold, natural gas, and wheat being examples. Commodities are essential to life – from copper to corn, coal to crude oil – and price fluctuations affect the lives of billions of people worldwide.  Commodities can be traded in two ways: through exchanges or through derivatives such as binary options, CFDs, and spread bets (where permitted). Crude oil, natural gas, and RBOB gasoline are among the most liquid commodities markets in the United States, as are soft commodities such as sugar and wheat. Steel, aluminum, and iron are among the most traded commodities globally in terms of volume. In times of market turmoil, certain commodities, such as gold, can be a wise investment. This is due to the possibility of the asset retaining its value – or even increasing in price – during difficult economic times.  Read More... forex pl #edgeforex #forex #forextrading #forexsignals ...

  Risk So far today, risk has remained in a more positive zone. At the very least, equities are getting some breathing room as the week comes to a close. There is still the US session to navigate, and if the wild swings this week have taught us anything, it is to never discount a change in sentiment before the closing bell. But, for the time being, there are some encouraging signs. European indices are up 1.2 percent to 1.6 percent, while US futures are up as well, at least ahead of North American trading. On the day, S&P 500 futures are up 1.1 percent, Nasdaq futures are up 1.7 percent, and Dow futures are up 0.8 percent. Bond yields are also rising, with 2-year Treasury yields rising 6.6 basis points to 2.588 percent and 10-year Treasury yields rising 8.5 basis points to 2.902 percent. In FX, the recent dollar rally has taken a breather, with the greenback holding more mixed with no real technical significance so far today. Read More...  EDGE-FOREX  for...

  Oil prices plummeted at the start of the pandemic, but demand has since rocketed back to a seven-year high. Gasoline costs an average of $3.31 per gallon in the United States, up from $2.39 per gallon a year ago. It’s a similar story in the United Kingdom and the European Union.  Gas prices have also risen, leaving people all over the world with eye-watering central heating bills.  Prices have risen due to increased demand from Asia, as well as a cold winter in Europe last year, which depleted gas reserves.  Consumers who were unable to go out to restaurants or on vacation due to the lockdown last year spent their money on household goods and home improvements. Manufacturers in Asia, for example, have struggled to keep up with demand since then, with many forced to close due to Covid restrictions.  It has resulted in material shortages such as plastic, concrete, and steel, driving up prices. Timber costs up to 80% more than usual in the UK in 2021...

  Russia’s invasion of Ukraine on February 24 has shifted Finland’s and Sweden’s calculus on NATO membership, with the latter seriously considering joining the alliance. Russia has slammed Finland’s plans to join NATO soon, claiming that the country would be “forced” to retaliate if the long-neutral country joined the military alliance.   Russia claimed that Finland’s membership in NATO would violate a previous agreement that “provides for the parties’ obligation not to enter into alliances or participate in coalitions directed against one of them.” It also stated that the 1992 agreement would be violated.  “Finland’s accession to NATO represents a fundamental shift in the country’s foreign policy,” the Russian Foreign Ministry said in a statement Thursday. “Russia will be forced to take retaliatory measures, both military-technical and otherwise, in order to prevent threats to its national security from emerging.”  Read More...  forex signals ...

  ECB Makhlouf, ECB: The era of negative interest rates is coming to an end. It is time to end the APP next month or in July; The current level of inflation is concerning; It is reasonable to expect rates to be in positive territory by early next year; and The ECB is continuing on its path toward policy normalisation. For one of the dovish members to take such a stance, it is clear that there has been a perception shift within the ECB. A rate hike in July appears to be all but certain at this point. Despite the fact that many policymakers have called for the end of negative interest rates, it may still be too early to tell. Read More...  EDGE-FOREX  #wdgeforex #forextrading #forexsignals #forex @ecb #rate #hike #japanese #yen #usd #jpy #dollar #policy #futures 

  As long as inflation remains high or appears to be on the rise, the US economy could be in trouble by the third or fourth quarter of this year. The question now is what the Fed will do next. Is the Fed’s path going to be similar to that of the BOE?  First, there was hesitancy on the part of the BOE. They appear to be squeezing the tightening cycle by painting a rather bleak picture of the UK economy. However, at the end of the day, this playbook may not be sufficient on its own.  With rising inflationary pressures and a slowing economy, the Bank of England is attempting to strike a balance in combating the former without exacerbating the latter by tightening policy. Read More...  forex market #edgeforex #forexsignals #forextrading #forex #boe #inflation #rate #hike #policy #fed #quarter #wek #economic #balance fed 

  Inflation is the gradual increase in the price of something. It is a measure of the rate at which a set of prices rises over a given time period.  The Office for National Statistics (ONS) in the United Kingdom calculates this by recording the prices of hundreds of everyday items, known as the “basket of goods.”  This is always being updated. Items like tinned beans and sports bras were added in 2022, reflecting a growing interest in plant-based diets and exercise.  The Bank of England has warned that inflation could reach 10% within months as the cost of fuel and food puts a strain on household budgets. At the moment, the most significant contributor to inflation is fuel costs. Between February and March, average gasoline prices rose 12.6p per litre, the largest monthly increase since records began in 1990.  Read More... fx trading

  Inflation The big question for the day ahead of the US CPI report is whether we’ve reached “peak inflation.” In essence, it’s easy to argue that we’ll see lower inflation readings in the coming months, and that may be all that markets care about – at least for the time being. There are no easy solutions to the world’s problems when it comes to resolving the issues that have caused inflation pressures to skyrocket in the last year. And those problems aren’t going away anytime soon. While it is reasonable to expect less hot inflation numbers in the future, this does not imply that inflationary pressures will be significantly reduced. While it is easy to raise interest rates when inflation is high and argue that it will eventually fall back to 2%, it is not so easy when that someday keeps getting pushed back. At some point, policymakers may need to acknowledge that inflationary pressures will become more persistent and sticky, and that if they are to combat this furth...

 n his 11-minute speech at the Victory Day military parade in Moscow’s Red Square to commemorate the 77th anniversary of the Soviet Union’s victory over Nazi Germany in World War II, known as the Great Patriotic War in Russia, Putin said the decision to launch the operation against Ukraine on February 24 was the only correct choice, Russia offered a preemptive rebuff to the aggression – this was a forced, timely, and the sole correct decision, one taken by a president. In his Victory Day speech on Monday, Russian President Vladimir Putin stated “calmly but firmly” that Russia needed to take preventative measures in its special operations in Ukraine because NATO had created a “absolutely unacceptable threat” at Russia’s borders. According to Chinese analysts, Putin’s speech was delivered in a “restrained” manner to send a clear signal to the West that Russia will not accept increased pressure to squeeze Russia’s strategic space, while also demonstrating Putin’s willingn...

  The good news for gold investors is that the safe-haven metal is outperforming traditional financial assets. Stocks are collapsing at an unprecedented rate, while ostensibly “risk-free” Treasury bonds are falling in value.  The Federal Reserve’s rate hike last Wednesday failed to persuade investors that the central bank can control inflation without destroying the economy.  Jerome Powell’s remarks insisting that the economy is not vulnerable to recession were intended to persuade the general public, but they failed miserably – especially given the Fed chairman’s poor forecasting track record (“transitory” inflation has proven to be more like intractable inflation). Sentiment indicators show that the general public is extremely pessimistic. Most people believe the country is heading in the wrong direction and are critical of President Joe Biden’s handling of the economy.  Read More... forex trading for beginners #edgeforex #forextrading #forexsignals ...

  EU The EU’s Borrell continues to discuss sanctions, but there are still some issues to work out The EU is still unable to reach an agreement on Russian oil sanctions Europe’s struggle for solidarity continues. Borrell says he hopes this can be resolved by the Foreign Affairs Council meeting next week, but that no one should hold their breath. Dollar Push and pull sees the dollar little changed on the day The dollar regains some ground after early gains were reversed Read More...  forex news #edgeforex #forex #forexsignals #forextrading #eu #russia #sanctions #europe #dollar #aussie #japan #stocks #equity  

  Ordinary Sri Lankans are facing shortages and rising inflation after the country devalued its currency sharply last month in preparation for talks with the International Monetary Fund (IMF) about a loan programme. Anger at Sri Lankan President Gotabaya Rajapaksa’s handling of the island nation’s deepening economic crisis erupted into violence late Thursday, with hundreds of protesters clashing with police for several hours.  Due to a severe lack of foreign currency, Rajapaksa’s government has been unable to pay for essential imports such as fuel, resulting in debilitating power outages lasting up to 13 hours. According to critics, the roots of the crisis, the worst in decades, lie in economic mismanagement by successive governments that created and maintained a twin deficit – a budget shortfall as well as a current account deficit.  With the pandemic eroding the country’s lucrative tourism industry and foreign workers’ remittances, credit rating agencies ...

  By market value, Bitcoin is the world’s largest digital currency. Bitcoin fell to an intraday low of $32,650.02, its lowest level since July 2021, and was down 5% to $32,860.91 at around 7:12 a.m. ET, according to Coindesk data.  Bitcoin has continued to fall after a larger stock sell-off in the United States last week sent the cryptocurrency market into a frenzy, causing the cryptocurrency to fall by roughly 10%.  This year, the virtual currency has been trading in a narrow range as it attempts to reclaim its late-2021 highs.  The drop comes after the Dow Jones Industrial Average fell more than 1,000 points on Thursday, and the Nasdaq fell 5%. These losses were the worst in a single day since 2020. On Friday, the Dow and Nasdaq fell again.  It is now less than half its peak price of $68,990.90 in November 2021.  Read More... forex signals #edgeforex #forextrading #forexsignals #forex #bitcoin #lowest #fed #stockmarket #selloff #stablecoin #cr...

  Russia-Ukraine Russia claims that peace talks with Ukraine are still ongoing and are being held remotely. Vladimir Medinsky, Russia’s chief negotiator, made the following remarks: Well, but it’s not like the peace talks are going anywhere. There are still irreconcilable differences on both sides, and that will not change. In his Victory Day speech, Russian President Putin previously stated that the “special military operation” in Ukraine was the correct decision. Read More...  EDGE-FOREX  forex #edgeforex #forex #forextrading #Forexsignals #trading #equities #negotiations #ukraine #russia #treasuries #bonds  

  Higher interest rates in advanced economies typically result in capital outflows from riskier emerging market economies like India.  c dampening the outlook for emerging market assets and wreaking havoc on domestic equity and bond markets.  The Bank of England became the latest central bank to raise interest rates in order to combat high inflation on Thursday, raising the country’s policy rate by 25 basis points to 1%.  The move came just hours after the US Federal Reserve raised its benchmark policy rate by 50 basis points in response to the world’s largest economy’s runaway inflation. The partially convertible rupee opened at 76.54 to the dollar, up from 76.26 to the dollar at the previous close. So far in the day, the Indian currency, which was last at 76.71/$1, has moved in a range of 76.51-76.80/$1.  The 10-year benchmark government bond yield in India was last trading 4 basis points higher at 7.44 percent. When bond yields rise, bond prices...

  Indexes The S&P 500 and NASDAQ finish lower for the fifth week in a row. Following earlier gains, US stocks had a bad week. A week ago today, the NASDAQ index was down more than 13% for the month of April. The market rallied on Monday, Tuesday, and Wednesday, kicking off the month of May on a high note.  However yesterday’s sharp declines, and follow through selling today push the major indices lower on week. In other words, the markets snatched victory from the jaws of defeat. The final figures are as follows: Dow industrial average -98.6 points or -0.3 percent at 32899.38. Last Friday, the index closed at 32977. This week, the index fell -0.23 percent. S&P index -23.51 points or -0.57 percent at 4123.35. The index closed at 4131.92 last Friday. The S&P 500 and NASDAQ finish lower for the fifth week in a row. Following earlier gains, US stocks had a bad week.   Read More...  EDGE-FOREX  forex trading reddit #edgeforex #forextrading #for...

  The fundamental aspects of the market are extremely complex with making money in the Forex markets very difficult, and mastering them can take years. Understanding them will set you up for long-term success because this is where currency direction comes from.  Trading economic data releases have the potential to make a lot of money.  Making money trading and investing in the markets is no different than making money buying and selling anything else in life, and this fundamental concept will never change. The only difference between Costco and JP Morgan is what they sell, not how they operate or how much money they make and lose. Costco purchases the products at wholesale prices, marks them up, and then sells them to us at retail prices. JP Morgan purchases stocks and bonds at wholesale prices, marks them up, and resells them to us at retail prices. It’s the same business model, just with a different product.  The economic fundamentals are the most ...

  From its low in January to the present time high, the record has risen 9.11 percent. Since its low in December 2020, the US dollar has risen 15.38 percent. Inflationary pressures are increasing, as is the potential for growth. All else being equal, this is also true. The US consumer may be unconcerned about the 10% price increase for Italian-made leather goods. Whenever one nation’s money is more grounded than another, advancement and extension in the more grounded nation will frequently drowsy while improvement and development in the more delicate country increase. The expansion is thinking about strong regions for the in the United States, the European Central Bank’s typical even more drowsy progression considering the Ukraine war, and particularly higher energy costs. The slowing Chinese economy is also a drag on global economies. China is battling Covid and the consequences of the lockdowns.  In general, approximately 40% of all revenue for companies in the...

ECB Vasle of the ECB: Rate hikes should begin before the summer The ECB hawks are out in force today Inflation is becoming widespread Cannot say that monetary policy cannot curb inflation pressures Holzmann, Nagel, Kazaks, Knot, Villeroy, and now Vasle have been the most vocal in their calls for faster rate hikes. But it’s possible that Rehn’s shift is the more significant one here. He is perceived as a bit of a dove, so siding with the hawks may indicate a shift in thinking within the ruling council. So far today, the euro has benefited from the mood music, with EUR/USD up 0.4 percent to 1.0580. Dollar Vasle of the ECB: The best time to start raising rates is before the summer The ECB hawks are out in force today Inflation is becoming widespread It is incorrect to assert that monetary policy is incapable of containing inflationary pressures. Holzmann, Nagel, Kazaks, Knot, Villeroy, and now Vasle have been the most vocal in calling for faster rate hikes. However, Rehn’s ...

  From USA White House press secretary Jen Psaki said Wednesday that by the Russians’ definition, they have already lost the war. “They have not taken over Ukraine,” she said. “President Putin is not going to be marching down the streets of Kyiv. They will not own the territorial integrity and sovereignty of this country. They have not divided NATO.” From UK Britain announced additional sanctions against Russia. These sanctions aim at banning the country from doing business with management consultants, accounting and public relations firms in the U.K.  Asset freezes and travel bans were imposed on Russian journalists working for state-owned media the U.K. accuses of spreading propaganda. The U.K. is also sending a military support package worth almost $400 million to Ukraine. The package will include electronic warfare equipment, a radar system, GPS jamming equipment, heavy-lift supply drones and night-vision devices. Read More... EDGE-FOREX  forex pl ...

  Pound Cable continues to fall, with the drop reaching 250 pips. The pound has had a bad day. What does 10% inflation and a recession in early 2023 sound like? That’s the long and short of the Bank of England’s decision today, with interest rates rising to 2.50 percent by the middle of next year. The pound’s 2% drop today will undoubtedly add to inflationary pressures, while oil prices’ 1.2 percent rise will not help. The weekly cable chart shows a near-total lack of support until the low of 1.2085 in May 2020. The weekly RSI is now at 18.2, indicating the possibility of an oversold bounce, but this is a fundamentally driven move. Labor Cable continues to fall, with the drop reaching 250 pips. The pound has had a bad day. What does 10% inflation and a recession in early 2023 sound like? That’s the long and short of the Bank of England’s decision today, with interest rates rising to 2.50 percent by the middle of next year. The pound’s 2% drop today will undoubted...

  Annual inflation in the United Kingdom reached a 30-year high of 7% in March, as food and energy prices continued to rise. The Bank of England is expected to raise interest rates for the fourth time in a row on Thursday, but economists are concerned that the country is entering increasingly turbulent waters.  Meanwhile, consumer confidence has plummeted amid concerns about slowing economic growth in the aftermath of Russia’s unprovoked invasion of Ukraine.  At its March meeting, the Bank raised interest rates for the third time in a row, raising the bank rate to 0.75 percent, and the market expects a 25 basis point increase to 1 percent when the Monetary Policy Committee meets on Thursday.  Rather than following the US Federal Reserve with a 50 basis point hike, the Bank may opt for a more gradual approach to tightening. Given the nature of the inflationary pressure, Berenberg Senior Economist Kallum Pickering warned on Tuesday in a note titled “BOE ...

  Putin, Russia’s supreme leader since 1999, signed a broad decree on Tuesday prohibiting the export of goods and raw materials to people and entities on a sanctions list that he directed the government to compile within 10 days.  Russian President Vladimir Putin warned the West on Tuesday that he could halt exports and deals, the Kremlin’s toughest response yet to the sanctions imposed by the US and its allies in response to Russia’s invasion of Ukraine.  The Russian government has 10 days to compile a list of those it will sanction in addition to the Western politicians it has already sanctioned. The pronouncement, which became real upon distribution, enables Moscow to unleash ruin on business sectors by suspending sends out or ending contracts with elements or people it has endorsed whenever. The decree calls for “retaliatory special economic measures in response to hostile actions by some foreign states and international organisations.”  Putin ex...

  Eurozone Eurozone March retail sales -0.4% vs. -0.1% m/m expected, Eurostat’s most recent data – 4 May 2022 Prior +0.3%; revised to +0.4%, Retail sales +0.8% vs +1.4% y/y expected Previously +5.0 percent; now +5.2 percent Retail deals in the Eurozone fell more than anticipated in March, as cost pressures burdened the locale’s utilization action. Looking at the specifics, retail trade volume decreased by 2.9 percent for automotive fuels, 1.2 percent for non-food products, and increased by 0.8 percent for food, drinks, and tobacco.   Oil Oil is up more than 3% on the day as the EU proposes a phased embargo on Russian supply.   WTI crude trades back above the $106 level. Oil has shown significant resilience in recent weeks, as dip buyers have kept prices elevated for the most part. Sure, we aren’t exactly chasing new highs since the early March spike, but there is a sense of stubbornness in staying above $100 for the time being. Read More...  forex mar...