Author: FX

WTI crude oil recently busted through its descending triangle top, hinting that a rally of the same height as the formation is due. Price is still retesting the former resistance, which might now hold as support. Check out these inflection points I’m watching on the 4-hour chart! WTI Crude Oil (USOIL) 4-hour Chart by TradingView Crude oil bulls appear to be taking the upper hand, as the energy commodity reacted positively to the OPEC+ decision to delay its production hike, easing fears of a global supply glut. However, concerns about China’s weaker-than-expected economic figures and trade concerns stemming from a…

Market watchers still seem to be divided on whether or not the Bank of Japan (BOJ) is finally ready to hike interest rates. Will BOJ Governor Ueda and his fellow policymakers agree to tighten policy this week? Or are they more likely to sit on their hands for the time being? Here’s what analysts are expecting for the December BOJ decision. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source…

There is just one to take note of on the day, as highlighted in bold. However, watch out for the very, very much larger expiries on Friday!The one for today is for EUR/USD at the 1.0500 level once again. And that is likely to help keep price action more muted closer to the figure level before we get to the Fed decision later in the day.But looking out to the rest of the week, just be wary that we do have some extremely large expiries on the board for Friday. In particular, they will be for EUR/USD and EUR/GBP.This is…

After breaking above the 1.5000 psychological level, EUR/CAD is now eyeing a MAJOR area of interest. Will we see the pair extend its gains? Or will bears step in at the 1.5150 resistance zone? We’re taking a closer look at the 4-hour time frame! EUR/CAD 4-hour Forex Chart by TradingView EUR/CAD has been steadily climbing higher after breaking above the R1 level at 1.5006! See, the euro seems to be finding support from the ECB highlighting better-than-expected Q3 growth figures and expressing optimism about future growth prospects, despite removing some hawkish language from its latest statements. This has helped offset…

GBP/JPY turns lower for the second straight day, though it lacks follow-through selling. Reduced bets for aggressive BoE rate cuts in 2025 underpin the GBP and lend support. Expectations that the BoJ will keep rates steady keep the JPY bulls on the defensive. The technical setup supports prospects for the emergence of dip-buying at lower levels. The GBP/JPY cross attracts some intraday sellers following an Asian session uptick to the 195.50 region and turns lower for the second successive day on Wednesday. Spot prices, however, remain close to a nearly four-week high touched on Tuesday and currently trade just below…

The Fed is widely expected to cut its interest rates by 25bps this week. How might the U.S. dollar react to the news, and how can you trade the event? We have the points you need to know! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

Global markets turned cautious before the Fed’s decision as strong U.S. retail sales cooled rate cut hopes, while China’s record capital outflows and BOJ hike speculation dominated currency price action on Tuesday. Read on to see the exactly how the major assets traded in the last trading sessions! Headlines: China’s capital markets outflow reached a record high of $45.7 billion in November U.K. jobless claimants in Nov: 0.3K (28.2K expected, -10.9K previous); Average earnings accelerated from 4.4% to 5.2% (4.6% expected) in Oct; The unemployment rate steadied at 4.3% as expected in Oct IfO: Sentiment among companies in Germany has…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

The Dow Jones accelerated into further losses, falling nearly 0.8%. Losses are concentrating in the Dow as investors second-guess Fed action. Continued declines in key health and tech stocks are further dragging the Dow lower. The Dow Jones Industrial Average (DJIA) shed another 360 points at its lowest on Tuesday as losses accumulate in the key index and begin to gather speed. Investors have been chasing interest rate cuts from the Federal Reserve (Fed) since last December, but now concerns of getting too much of a good thing are giving traders cause for a pause. The Dow recovered its footing…

Leon Neal/Getty Images News Analysts at Jefferies downgraded Match Group (NASDAQ:MTCH) to “hold” from “buy” as weakness in Tinder MAU trends continues, and the research firm said it is seeing a consumer shift away from “swipe” to “prompt” dating. They noted that Tinder’s large Source link