Author: FX
The Australian Dollar trades in positive territory for the second consecutive day in Friday’s Asian session. Reduced bets of deeper Fed rate cuts support the USD and weigh on the pair. Investors brace for the US PPI data, which is due on Friday. The Australian Dollar (AUD) gains ground on Friday. Nonetheless, the lower odds of aggressive interest rate cuts from the US Federal Reserve (Fed) after the hotter-than-expected inflation data might lift the US Dollar (USD) and cap the upside for the pair. In the absence of top-tier economic data releases from the Australia on Friday, the USD price dynamic will be the main driver…
Have you ever felt the market momentum shift beneath your feet? One day, prices are soaring, and the next, they’re plummeting like a stone. The TSI is here to help you make sense of this very real phenomenon. In essence, the TSI is a momentum oscillator, a fancy term for an indicator that gauges the strength and direction of price movements. Think of it like a speedometer for the market – it tells you how fast prices are changing and in which direction. This information is invaluable for identifying trends, potential reversals, and even overbought and oversold conditions. The TSI…
Bullet Exploration (TSXV:AMMO:CA) on Thursday announced that it has applied to the TSX Venture Exchange to extend the term of an aggregate of 19.2M outstanding common share purchase warrants due to expire on October 24, 2024. Under the proposed amendment Source link
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…
Sticky US CPI data and hawkish comments from Fed officials lent extra support to the Greenback on Thursday prior to the release of further inflation metrics at the end of the week. Here is what you need to know on Friday, October 11: The US Dollar Index (DXY) rose past the 103.00 barrier to reach new two-month highs as market participants adjusted to rising bets of a 25 bps rate cut in November. The US inflation will remain at the centre of the debate with the release of Producer Prices seconded by the preliminary Michigan Consumer Sentiment and speeches by…
By Leigh Thomas and Michel Rose PARIS (Reuters) -France’s government delivered its 2025 budget on Thursday with plans for 60 billion euros ($65.68 billion) worth of spending cuts and tax hikes on the wealthy and big companies to tackle a spiralling fiscal deficit. Prime Minister Michel Barnier’s new government is under increasing pressure from financial markets and France’s European Union partners to take action after tax revenues fell far short of expectations this year and spending exceeded them. But the budget squeeze, equivalent to two points of national output, has to be carefully calibrated to placate opposition parties, who could…
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…
US consumer prices rose by 0.2% in September from August, excluding energy and food by 0.3%. This is a tenth more than expected in each case. The data do not argue against further interest rate cuts by the Federal Reserve at its next meeting in November and beyond. But the big step of 50 basis points in September is likely to remain an exception, Commerzbank’s analysts Dr. Christoph Balz and Bernd Weidensteiner note. Further decline in inflation appears to have stalled “The better-than-expected labor market data for September have already removed the basis for speculation about a possible further big…
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines does not expect a strike by factory workers at Boeing (NYSE:) to have any impact on its flight schedule for next summer, including new route launches, a top executive at the carrier said on Thursday. Around 33,000 workers that build Boeing’s 737, 777 and 767 jets have been on strike for nearly four weeks, leading to a decline in aircraft deliveries to its airline customers. United, one of Boeing’s most prominent customers, received just 28 planes from the jet maker in the first nine months this year, down from 59 a…
Fundamental OverviewThe USD rallied across the board last Friday following the hot US NFP report. The market priced out all the aggressive rate cuts expectations and it’s now finally in line with the Fed’s projections.This week, the greenback extended the gains as the market started to price in some chances of a pause in November. The focus remains on the economic data. Today we get the US CPI report. We will likely need a hot report to see some more downside in the pair, while a miss could see the pair rising on the market paring back the hawkish expectations.…