Joe Perry | TalkMarkets | Page 19
Global Head of Business Development at Forex.com
Contributor's Links: Forex
Joseph Perry is currently Global Head of Business Development and Market Strategist at Forex Analytix. He specializes in helping trading firms and individuals meet their FX and CFD needs through analysis and education, working with a broad range of clients from hedge funds to individual traders. ...more

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Turkey's Inflation Rate Continues To Plummet
Turkey’s Inflation Rate (YoY) for October dropped to 8.55% from 9.26% in September, and from 15.01% in August.
Is USD/CNH About To Reverse And Head Towards New Highs?
On a 240-minute chart, USD/CNH is holding horizonal support from the lows on September 13th.
Strong Non-Farm Payroll And Weaker ISM Manufacturing Data Send Mixed Signals
The US Nonfarm Payrolls Change was released earlier today with the US economy adding 128,000 jobs to the economy, beating expectations of 89,000.
USD/JPY Leaves Blood On The Street Heading Into Halloween Night
As stocks scream higher, so does USD/JPY. The same is true for the reverse. When stocks get killed, so does USD/JPY.
China-US Trade Talks Appear To Have Hit A Snag
Phase One seems to be on course to be signed sometime within the next month. However, China said earlier today that they are doubtful of any long-term trade deal.
Bank Of Canada Leaves Rates Unchanged, Lowers Guidance
The Bank of Canada (BOC) today left overnight interest rates unchanged at 1.75%, as expected. However, the market was more concerned as to if the BOC was planning on changing their guidance.
Muted Reaction To US Data Ahead Of FOMC
Today at 2:00 pm EST, we will be the FOMC interest rate decision. The market is almost fully pricing in a 25bps cut today.
USD/MXN Hoping For Trade Deal To Go Through
USD/MXN has been trading in a symmetrical triangle since April of 2018. On Friday the pair closed below the rising tending for the first time and yesterday bounced to retest it. Today the pair is consolidating just below the trendline.
The BOC And The Canadian Dollar
The Bank of Canada meets tomorrow and must decide whether they need to cut rates or leave them unchanged at 1.75%.
USD/JPY On The Move With Risk
As stocks are making new highs, the USD/JPY is making a move higher with risk on. USD/JPY is highly correlated with the S&P 500 at the moment, with a correlation coefficient of +.96.
Risk On!!
In what was thought to be a slow Friday as we wait for the plethora of data, earnings and FOMC meeting next week, stock indices are trading at or near all-time highs today as the USTR said they are close to finalizing some sections of the trade deal.
USD/CAD Lower Ahead Of BOC And FOMC Next Week
Next week on October 30th, the Bank of Canada will meet and will decide if the Canadian economy is in need of a rate cut.
To Hold Elections Or To Not Hold Elections?
While the ongoing saga between Boris Johnson and Jeremy Corbyn continues, the markets are waiting to hear if the EU will grant an extension of a Brexit deal from the “drop dead” date of October 31st until some time in the future.
No Fireworks For Mario Draghi's Final ECB Meeting
Today’s meeting was as expected. The ECB left rates unchanged, while Draghi defended the decision to keep policy accommodative given the view of protracted weakness and downside risks, especially in light of low inflation.
WTI Spikes As EIA Reports Large Draw
Crude has been getting battered lately due but all the negative news lately made the perfect setting for a good old-fashioned short squeeze today.
Another Look At The US Yield Curve
The US yield curve has reached the 61.8% Fibonacci retracement level, met the target level for the inverted head and shoulders pattern, and put in a bearish engulfing pattern yesterday.
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