<ul><li style=““ class=“text-align-justify“>I would caution against suggesting either that we are done with rate hikes, or that we will inevitably need to do more</li><li style=““ class=“text-align-justify“>Inflation has been slightly weaker, and activity and wages slightly stronger; emphasis is ’slightly‘ in both cases</li><li style=““ class=“text-align-justify“>If we do too little on interest rates now, we will only have to do more later on</li></ul><p style=““ class=“text-align-justify“>Dude has to learn to pick a lane. You’re the governor of the BOE. Geez. I know they are put in a tough spot towards the end of the tightening cycle but c’mon, you gotta have more conviction than this.</p>

This article was written by Justin Low at www.forexlive.com.

<p>On the daily chart below, we can
safely say that we got a successful breakout of the falling channel. The whole
channel was <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-divergence-20220429/“>diverging</a> with the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-macd-20220427/“>MACD</a> and it’s likely that we may see
a big correction all the way up to the top of the channel at 0.96. </p><p>Before that though, the buyers
had to fight with a break of the 0.9287 <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>resistance</a> and are now struggling at the
0.9400 handle. If they manage to firmly break the 0.94 level, then the 0.96
handle will the next target. The <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
averages</a> switched to the upside signalling a change in trend and will act as <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>support</a> for the buyers. </p><p>On the 4 hour chart below, we can
see that the buyers will have two strong support areas for another push to the
upside. The first comes at the orange <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-trendlines-20220406/“>trendline</a> where the confluence with the
38.2% <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-using-fibonacci-retracements-20220421/“>Fibonacci
retracement</a> level will give them a good spot to lean on with
defined risk. </p><p>In case the sellers manage to
break below the trendline, the next support will be at the 0.9287 level which
acted as strong resistance prior to the breakout. The buyers there will have
also support from the blue trendline and the daily red long period moving
average. </p><p>On the 1 hour chart below, we can
see a possible <a target=“_blank“ href=“https://www.forexlive.com/Education/chart-patterns-guide-20220125/“>double
top</a> pattern
right at the 0.94 handle. The neckline coincides with the 38.2% Fibonacci
retracement level, so a break below would give the sellers conviction for a
deeper correction to the 0.9287 level as it would be the measured target of the
chart pattern. </p><p>Today we have the <a target=“_blank“ href=“https://www.forexlive.com/EconomicCalendar“>ISM Manufacturing PMI</a> and this is generally a market
moving report. Since the “good news is bad news” now due to the market
repricing higher interest rates from the Fed, we should see a rally in case the
data beats expectations and a bigger fall in case we see a miss.</p>

This article was written by ForexLive at www.forexlive.com.

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This article was written by ForexLive at www.forexlive.com.

<p>Brokerage
apps are mobile applications that individuals use to manage their investments
and trade securities, such as stocks, bonds, and mutual funds. These apps are
provided by online brokerage firms that facilitate securities buying and
selling for their clients.</p><p>Users can
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investment opportunities, especially in the stock market. Below, we’ll share
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to trade.</p><p>How Do I Learn to Trade?</p><p>To learn how
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investments. With practice and experience, you can develop your trading skills
and become a successful investor using a brokerage app.</p><p>How Can Pocket Option Help Me Trade?</p><p>Gembell
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This article was written by ForexLive at www.forexlive.com.

<ul><li>I don’t think we are behind other advanced economies</li><li>There have been no disagreements between BOE and finance ministry</li><li style=““ class=“text-align-justify“>Delay to consultation on the subject had been due to „disruptions“ last autumn i.e. mini-budget fiasco</li><li>Digital pound could have huge benefits for economy and society</li></ul><p style=““ class=“text-align-justify“>He adds that there is a need to see how technology trends and the economy develop over the next few years, before assessing whether or not a digital pound would be technically feasible. For now, sure there’s no rush as other major central banks aren’t exactly pursuing it too strongly. But as mentioned before, all it takes is one to break the stigma and shift the paradigm and the rest will follow quickly.</p>

This article was written by Justin Low at www.forexlive.com.

<p>On the daily chart below, we can
see that the sellers eventually managed to break the key <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>support</a> level in the 0.6850 area. This
breakout led to a deeper selloff and the sellers are now eyeing the 0.6629
level. If the sellers manage to break that level as well, then we may see the
price falling to the 0.63 handle next. </p><p>The <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
averages</a> are clearly pointing to a bearish trend now and they will act as
resistance for the sellers along with the downward <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-trendlines-20220406/“>trendline</a>. Right now, the price is a bit
overextended as we can see from the price being too far from the blue short
period moving average. Generally, we can see a pullback or some ranging price
action before another push in the original trend. </p><p>On the 4 hour chart below, we can
see how the price broke with strength the support zone in the 0.6850 area. What
gave the sellers the momentum were the <a target=“_blank“ href=“https://www.forexlive.com/news/sp-global-february-flash-services-pmi-505-vs-472-expected-20230221/“>US
PMIs</a> on February 21st as those are based on the month of February
and not on the month of January like the previous reports. </p><p>The market was tentative breaking
the support, because there are talks of seasonal factors skewing the data in
January, so the PMIs gave the sellers more conviction that it may be a real
change in trend and not just a blip due to seasonal factors. </p><p>On the 1 hour chart below, we can
see that the 38.2% <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-using-fibonacci-retracements-20220421/“>Fibonacci
retracement</a> level found sellers on the first try. We may see
another push upwards today as month-end flows are impacting the FX market since
yesterday. A break of the trendline may trigger a bigger pullback towards the
0.68 handle or even higher towards the major trendline. </p><p>A break below the 0.6698 support
should give the sellers conviction for a move towards the 0.6629 level. We will
have key economic data like the <a target=“_blank“ href=“https://www.forexlive.com/EconomicCalendar“>ISM PMIs</a> this week and beats to the
expected numbers should be bearish for the pair while misses should be bullish.
</p>

This article was written by ForexLive at www.forexlive.com.

<p style=““ class=“text-align-justify“>Here’s a snapshot of the equities space at the moment:</p><ul><li>Eurostoxx +0.1%</li><li>Germany DAX +0.1%</li><li>France CAC 40 flat</li><li>UK FTSE -0.3%</li><li>S&P 500 futures +0.1%</li><li>Nasdaq futures +0.1%</li><li>Dow futures +0.1%</li></ul><p style=““ class=“text-align-justify“>After the <a target=“_blank“ href=“https://www.forexlive.com/news/european-stocks-weighed-down-by-inflation-worries-20230228/“ target=“_blank“ rel=“follow“>early setback</a> from the hotter French and Spanish inflation data, stocks are recovering well so far on the session. That is making for a tough read in markets, as the dollar trades more mixed now with month-end flows also a consideration to be wary about.</p><p style=““ class=“text-align-justify“>It is still early in the day though and we will also have to see how Wall Street takes to this later. But for now, it looks like the resilience in Europe – which has been quite the story in markets this year – is continuing to play out.</p><p style=““ class=“text-align-justify“>Looking out to the rest of this week, do take note that there will be German inflation data tomorrow and then Eurozone inflation data on Thursday still to come.</p>

This article was written by Justin Low at www.forexlive.com.

<p>On the daily chart below, we can
see that after the strong <a target=“_blank“ href=“https://www.forexlive.com/news/sp-global-february-flash-services-pmi-505-vs-472-expected-20230221/“>US
PMIs</a> the price has broken the key 1920 <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>support</a> level that was previously a
strong <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>resistance</a> for the buyers. </p><p>The <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
averages</a> have now crossed to the downside signalling a change in trend. The
price has been consolidating just below the 1920 level as the market probably
awaits the key <a target=“_blank“ href=“https://www.forexlive.com/EconomicCalendar“>economic
data</a> in March to see if February was just a blip or a real reacceleration in
economic activity and inflation due to the easing in financial conditions.</p><p>In the 4
hour chart below, we can see that the price has erased the losses seen after
the hot <a target=“_blank“ href=“https://www.forexlive.com/news/us-january-pce-core-inflation-47-vs-43-expected-20230224/“>US
PCE</a> report
last Friday. It may be a sign that the market wants more data to confirm the
change in the expectations and archive the current talks of seasonal factors
skewing the data. </p><p>A retest
of the 1920 level may be in the cards and that will be the last line of defence
for the sellers, while a breakout to the upside may give the buyers some
conviction to target the swing level at 1960, but such scenario looks unlikely
unless the economic data miss expectations.</p><p>In the 1 hour chart, we can see
that the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-divergence-20220429/“>divergence</a> between the price and the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-macd-20220427/“>MACD</a> was signalling a weakening
selling momentum which ultimately led to the current pullback. </p><p>There are two possible spots
where the sellers may start piling in. The first one is the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-trendlines-20220406/“>trendline</a> and the second one is the 1920
resistance. Given the data, it’s unlikely to see the price breaking up the 1920
level with conviction, so the sellers should remain in control going forward.</p>

This article was written by ForexLive at www.forexlive.com.

<p style=““ class=“text-align-justify“>If you’re wondering why the US jobs report isn’t going to come out on the first Friday in March this year, do check out Adam’s informative post below:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/why-there-wont-be-a-non-farm-payrolls-report-next-week-20230224/“ target=“_blank“ rel=“follow“>Why there won’t be a non-farm payrolls report next week</a></li></ul>

This article was written by Justin Low at www.forexlive.com.

<p>What is a
Contra Account?</p><p>A general
ledger account, along with a balance that differs from the typical compensation
for that account classification is referred to as a contra account. By using a
contra account, a <a target=“_blank“ href=“https://kowela.com/“ target=“_blank“ rel=“follow“>business</a> can record both the initial amount and a decrease to
disclose the net amount as well. The term „net amount“ is frequently
used interchangeably with „carrying amount“ or „net realizable
amount.“</p><p>Find out why
using contra accounts properly, coupled with a matched account, is essential
for accurate <a target=“_blank“ href=“https://kowela.com/signup“ target=“_blank“ rel=“follow“>accounting and financial analysis</a>.</p><p>HOW CONTRA
ASSET ACCOUNTS WORK </p><p>In
double-entry accounting, contra-asset accounts are practical instruments.
Additionally, they assist in maintaining the books‘ accuracy and leave a clean
financial trail for later analysis and reporting. </p><p>For
instance, when it comes to fixed assets, it is typical to preserve the purchase
price of a piece of equipment as a historical cost in the debit asset account.</p><p>The
cumulative depreciation contra-asset account, which is a credit account, is
where most accountants decide to record an item’s depreciation during its
useful life. </p><p>The
equipment would be included on the balance sheet at its historical cost, with
the cumulative depreciation being subtracted to represent the asset’s true
worth.</p><p>Types used
in Contra Assets</p><p>Although the
most typical counter asset account is cumulative depreciation, the following
may also be applicable depending on the business.</p><p>Allowance
for Doubtful Accounts</p><p>Because it
lowers the value of the accounts receivable (AR) account on the general ledger,
the allowance for suspicious accounts is a counter asset. When a business
offers things on credit, management frequently assumes some consumers won’t pay
and plans to write off bad debt.</p><p>Obsolete
Inventory</p><p>The outdated
inventory reserve, which lowers the total inventory value on the balance sheet,
is far less typical. A reserve equivalent to the allowance for doubtful
accounts is held in this counter account. There will be a matching credit
against the outdated inventory contra account for each debit against the
inventory account.</p><p>Accumulated
Depreciation</p><p>The amount
of depreciation on a fixed asset up to that point is recorded in the
contra-asset account, known as accumulated depreciation. Examples of fixed
assets include structures, equipment, furniture, cars, and office supplies. The
balance sheet’s cumulative depreciation account shows and lowers the total
fixed assets.</p><p>FINAL
INSIGHT</p><p>In
double-entry accounting, a contra asset is a negative account used to lower the
balance of a matched asset account in the general ledger.</p><p>A contra
account always offsets the balance of a related account. Therefore, any contra
account item is shown on a company’s balance sheet under the matched tab.</p><p>Users of the
financial statement can obtain comprehensive information from the contra
accounts in the balance sheet. However, users might be unable to perceive how
each element has performed over time if the numbers are provided at net value. </p><p>By utilizing
the idea of a contra account, it is possible to quickly and easily determine
the history of specific debits and credits in the books of a particular
organization and how they connect by merely looking at the accounting records
of that company.</p>

This article was written by ForexLive at www.forexlive.com.