Author: FX

By Timour Azhari and Ari Rabinovitch BEIRUT/JERUSALEM (Reuters) – Israel bombed central Beirut in the early hours of Thursday, killing at least six people, after its forces suffered their deadliest day on the Lebanese front in a year of clashes against Iran-backed armed group Hezbollah. Israel said it conducted a precise air strike on Beirut. Reuters witnesses reported hearing a massive blast, and a security source said it targeted a building in central Beirut’s Bachoura neighbourhood close to parliament, the nearest Israeli strikes have come to Lebanon’s seat of government. At least six people were killed and seven wounded, Lebanese…

AUD/USD is turning lower after recent events pushed U.S. demand higher. How low will the comdoll pair go before the bulls extend its multi-week uptrend? The 4-hour time frame could give us clues: AUD/USD 4-hour Forex Chart by TradingView In case you missed it, an upbeat jobs report from the U.S. cooled down Fed rate cut expectations and lifted the U.S. dollar higher across the board. That said, the Reserve Bank of Australia’s (RBA) relative lack of dovishness compared to its peers and China’s recent monetary and fiscal stimulus measures are keeping the Australian dollar supported among the “risk” currencies.…

Data flow was relatively light in the latest trading sessions, but that didn’t stop a handful of asset classes from chalking up big moves. The U.S. dollar and Treasury yields got a bit of a boost from another upbeat leading jobs indicator while the energy commodity took cues from inventory data. Check out these market updates! Headlines: New Zealand GDT auction yielded 1.2% gain in dairy prices (0.8% previous) Japanese consumer confidence index in September improved from 36.7 to 36.9 (37.1 forecast) Japan’s new PM Shigeru Ishiba said the economy isn’t ready yet for further interest rate hikes, following a…

The U.S. ADP non-farm employment change report came in slightly better than expected with 143K in hiring gains versus the 126K consensus for September. This was also higher than the previous month’s 106K net increase in jobs. This marked the first better-than-expected reading in the last five months, as the manufacturing sector added positions for the first time since April while only the information industry reported losses. Link to ADP Non-farm Employment Report for September Components of the report also revealed that pay growth came in at 4.7% year-on-year, down from August’s 7.6% annual wage gains. ADP chief economist Nela…

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 foreign exchange market, often called Forex, is a dynamic and exciting arena for traders. However, navigating its complexities requires a keen eye for detail and meticulous tracking of your performance. That’s where the Pipsometer 5 Decimal MT4 Indicator comes in – a powerful tool designed to empower you with laser-sharp precision in your trading journey. This article delves deep into the world of the Pipsometer 5 Decimal MT4 Indicator, acting as your comprehensive guide. We’ll explore its functionalities, uncover its benefits, and equip you with the knowledge to leverage its potential for maximizing your success in the Forex market.…

GBP/USD weakens to near 1.3265 in Thursday’s early Asian session.  The risk-off mood and upbeat US ADP report lift the US Dollar.  A less dovish stance of the BoE might cap the pair’s downside.  The GBP/USD pair extends its downside to around 1.3265 during the early Asian session on Thursday. The renewed demand for the US dollar (USD) amid the rising geopolitical tensions in the Middle East provides some support to the major pair. The US September ISM Services Purchasing Managers Index (PMI), the weekly Initial Jobless Claims, and the final S&P Global Services PMI will be in the spotlight…

By Trevor Hunnicutt, Jeff Mason and Stephanie Kelly RALEIGH, North Carolina (Reuters) -President Joe Biden and Vice President Kamala Harris visited South Carolina, North Carolina and Georgia on Wednesday to see first hand the devastation wrought in the U.S. Southeast by Hurricane Helene, which has killed at least 160 people. Biden landed in Greer, South Carolina, where he was met by South Carolina Governor Henry McMaster, U.S. Senator Lindsey Graham and North Carolina Governor Roy Cooper, among others, before boarding Marine One for an aerial tour of the region. From the helicopter, Biden could see the grim devastation brought to…

EURUSD dailyGoldman Sachs notes a notable shift in market sentiment regarding widespread short positions in the USD, suggesting caution over how much further USD weakness can persist.Key Points:There is growing caution about the extent of USD weakness driven solely by a reevaluation of Fed and US exceptionalism.The market is currently heavily short on USDs, prompting a resurgence in interest for EUR/USD downside.Recent data from Europe has led to increased expectations for the next ECB cut, influencing sentiment.Goldman Sachs’ strategy team indicates that the fair value for EUR/USD, based on March 2025 rates pricing, is closer to 1.0950.Conclusion:The analysis highlights a…

EUR/GBP ends its pullback and resumes its bearish tempo.  The RSI is converging bullishly with price, however, signifying a lack of bearish momentum accompanies the latest move. EUR/GBP has finished pulling back and resumed its downtrend. It has broken below the 0.8317 September 24 low, confirming a lower low and extension towards the next target at 0.8287, the August 2022 low.  It remains in a downtrend on a short and medium-term basis, and given the principle that “the trend is your friend” the odds favor an extension. EUR/GBP Daily Chart  That said, the Relative Strength Index (RSI) is converging bullishly…