Due to market events, we will be setting LUNAUSD to close only effective immediately. In addition, trading will be disabled at the end of tomorrow’s trading day (EOD 5/13). Any open positions held will be closed as of the end of day closing price of May 13, 2022.
Economic calendar Wednesday– OPEC meeting, USD CPI Thursday– USD PPI The main economic event for the week will be the US inflation data, coming out at 8:30 AM EST on Wednesday. According to Trading Central’s Economic Insight, the Core inflation is expected to slow down to 6.2% versus the previous print of 6.5%, easing inflationary […]
As Expected The short-term interest rates have been raised 50 basis points to a target rate of 0.75%-1% during the FOMC Meeting yesterday, which is what the market was expecting. Although the news has mostly been priced in, it was still the most aggressive rate hike since 2000 as inflation levels soared through the roof […]
It is the first Friday of the month, which means NFP is coming out later. However, non-farm reports have played a significantly smaller role in moving the markets recently, with many other pressing events happening around the world. Source: Trading Central Economic Insight We can observe that in the past 3 instances, the price of […]
What is ApeCoin? ApeCoin is one of the hottest cryptocurrencies and has been the talk of the town lately. If you have ever done slight research on NFTs, you will surely come across Bored Ape Yacht Club (BAYC) and ApeCoin is very much linked to these ultra-expensive NFTs. According to Apecoin’s official website, the coin […]
Economic calendar Monday- UK, China bank holiday Tuesday- China, Japan bank holiday, RBA interest rates Wednesday- China, Japan bank holiday, ADP Non-farm employment change Thursday- Japan bank holiday, FOMC statement, GBP monetary policy, and interest rate Friday- NFP We should all keep an eye on the post-FOMC press conference as Jerome Powell may provide a […]
It is a bank holiday in Japan while their home currency is stumbling to a new decades-low as USDJPY surged past the 130 key levels. Dollar on Steroids USDJPY Daily Chart The dollar Yen rallied more than 240 pips yesterday to close significantly above its previous swing high. As Asia opened this morning the pair […]
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It is finally happening?! In a rapid turnabout, Twitter’s board has accepted Elon Musk’s offer to take the social media company private at $44 billion and it is quite a surprise as the board was against it initially. Musk has said that his main goal is not about economics and profits but to make Twitter […]
Economic Calendar Monday- Australia, New Zealand, and Italy Bank Holiday Wednesday- AUD CPI Thursday- BOJ monetary policy report (tentative) Investors breathe a sigh of relief as Macron beat Le Pen in the French presidential election. They were worried because Le Pen supports nationalizing key industries, cutting French’s contribution to EU budgets, and all the other […]
