EAVN Blog

Share: Federal Reserve Bank of St. Louis President James Bullard recently published an analysis titled ‘Is Monetary Policy Sufficiently Restrictive?’ in which he compares the policy rate under the Taylor rule to the Fed’s policy rate. According to Bullard, “monetary policy is now in better shape after the rate hikes.” “The prospects for continued disinflation are good but not guaranteed, and continued vigilance is required”, said Bullard.  Key takeaways:  According to this analysis, monetary policy was about right shortly before the COVID-19 pandemic, as the actual policy rate was within the zone. During the pandemic, the policy rate recommended by the Taylor-type rules went to zero along with the actual policy rate. However, the policy rate was below the zone in 2022, suggesting that monetary policy was behind the curve at that point. But since the FOMC has raised the policy rate aggressively during 2022 and into 2023,…    read more 

S&P 500, Nasdaq 100, JOLTS Job Openings, July Fed Hike – Asia-Pacific Briefing: S&P 500, Nasdaq 100 sink for a second day as sentiment deteriorates Global growth woes, signs of a still-tight US labor market were in focus A Rising Wedge is taking shape in the S&P 500 as upside momentum fades Recommended by Daniel Dubrovsky Get Your Free Equities Forecast S&P 500 The S&P 500, Nasdaq 100, and Dow Jones fell on Wednesday marking a second day of souring risk appetite. Earlier this week, the fiscal tightening implications of a potential US debt ceiling deal contributed to the deterioration in market sentiment. During the past 24 hours, a couple of notable economic events likely added momentum to the turn lower in stock markets. During Wednesday’s Asia-Pacific trading session, the latest Chinese Manufacturing PMI print crossed the wires. It was disappointing across the board, alluding to slowing global growth expectations….    read more 

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Looking for the best way to Invest in forex or recover your losses? The XAUUSD OpenEA TradeGPT EA Pro will make profits for you on Auto. Think About +80% profit trades in matter of months. Gold is one of the best out of all forex trading pairs, you know why? It generally performs well during global crises. Gold generally benefits at the expense of other assets during turbulent times. Gold is one of the most traded commodities in the forex market due to its pronounced role in both worlds of investment and consumer. Its just like you are trading gold in real life. Most gold traders end in profits. By Choosing to trade and invest in XAUUSD, then we have been able to streamline our trading so as to move closer to more accurate trading decisions as we are familiar to the pattern and movement of this currency pair. OpenEA TradeGPT EA…    read more 

Volatility has picked up for dollar pairs lately, but can this be enough to bust AUD/USD out of its short-term range soon? Check out these nearby support and resistance levels I’m watching! Before moving on, ICYMI, yesterday’s watchlist looked at a potential range support bounce on USD/CHF. Be sure to check out if it’s still a good play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: New Zealand building consents slumped 2.6% month-over-month in April, following earlier downgraded 6.6% increase U.K. BRC price shop index accelerated from 8.8% to record high of 9.0% year-over-year in May to reflect even stronger pace of inflation in retail stores Japan’s unemployment rate improved from 2.8% to 2.6% in April versus consensus at 2.7% BOJ Governor Ueda reiterates that they have not yet achieved sustainable 2% inflation, so central bank will maintain…    read more 

Share: USD/INR picks up bids to extend the previous day’s rebound inside bullish chart formation. 50-SMA adds strength to 82.75 hurdle for Indian Rupee bears. April’s peak, 200-SMA restrict short-term downside of USD/INR pair. US Dollar grinds higher amid default jitters, full markets’ reaction to US debt ceiling deal. USD/INR remains on the front foot around 82.67 amid the initial hour of the Indian trading session on Tuesday. With this, the Indian Rupee (INR) pair portrays the market’s favor to the US Dollar amid anxiety ahead of the key US jobs report, as well as due to the mixed concerns about the US debt ceiling agreement and its capacity to become the law. Amid these plays, the US stock futures print mild gains but the Treasury bond yields remain pressured and challenge the US Dollar Index (DXY) bulls as the greenback’s gauge versus the six major currencies seesaws…    read more 

TURKEY RUNOFF ELECTION RESULTS, USD/TRY: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter READ MORE: EUR/USD, GBP/USD Eyeing Recovery on Low Liquidity Monday Following US Debt Deal Turkey has seen the re-election of Recep Tayyip Erdogan in a runoff election on Sunday. The result will see Erdogan’s rule stretch into a third decade with the President stating that “it is time to put aside debates and conflicts and focus on our national goals and dreams.” Results from Turkeys Supreme Election Council on Sunday showed Erdogan winning 52.14% of the votes. The president further pledged that the Governments main priority would be combatting inflation and healing wounds as the country still recovers from February’s devastating earthquake. Erdogan received congratulatory messages from both US President Joe Biden and Russian counterpart Vladimir Putting among a host of other foreign…    read more 

1. The Theory – How to Use Indicator Developed by Marc Chaikin This an oscillator Indicator, it measure the Accumulation/distribution of money that is flowing into and out of a currency pair. The indicator is based on the fact that the nearer the closing price is to the high of the price, the more the accumulation of the currency pair. Also the nearer the closing price is to the low of the price, the more the distribution of the currency pair. This indicator will be positive if price consistently closes above the bar’s midpoint with increasing volume. However, if price consistently closes below the bar’s midpoint with increasing volume the indicator will be negative.  Technical Analysis of Chaikin Oscillator Buy Signal A crossover of above zero signifies accumulation of a currency pair. A value of above +10 is a buy/bullish signal. Values above +20 signify a strong upward trending market….    read more 

Putting Forex Bearish Engulfings to the Test – Educational Report: Bearish Engulfings are commonly regarded as signals for downward price reversals This research study employs an automated detection strategy to test their effectiveness 37,000 candles were analyzed, identifying 200 valid BEs in EUR, GBP, JPY, AUD, CAD Using this, do Bearish Engulfings reliably function as reversal and/or topping signals? Recommended by Daniel Dubrovsky Forex for Beginners A Bearish Engulfing (BE) is a candlestick pattern that can be identified when looking at virtually any financial trading instrument. All you need is an opening, high, low and closing price. As implied by the name, technicalists will often use these as signals that an upward-trending market might be readying to reverse. But as you might have heard past performance is not always indicative of future results. This is not a report about the intricacies of Bearish Engulfings: which you may learn more about…    read more 

EUR/USD PRICE, CHARTS AND ANALYSIS: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Debt Ceiling Blues, Part 79. What Happens if the US Defaults? The Euro did not enjoy its most productive week as losses against the greenback continued while fluctuating between losses and gains against the Pound. EUR/USD however remained the pair of interest, putting in a fourth week of losses against the US Dollar in succession. The European Central Bank (ECB) policymakers have maintained a hawkish rhetoric for much of the week yet failing to offer the Euro any significant support. This may lie in the fact that markets are already viewing the ECB as the most hawkish Central Bank moving forward. Markets appear to have already priced in the hawkishness spouted by ECB policymakers of late with a significant change required…    read more