Author: FX
Monday was a mixed bag for most asset classes, before dollar pairs managed to find a clear direction during Fed head Powell’s speech. Commodities found themselves on shaky ground after China printed downbeat PMI figures, yet global equities were able to keep losses in check. Here are the other updates you should know about! Headlines: On Sunday, PBOC announced it would extend supportive measures for real estate developers to the end of 2026, and advise banks to lower mortgage rates for existing home loans before October 31 Geopolitical tensions flare as three Palestinian leaders killed in Israel strike in Beirut…
Where them gold bugs at? Spot gold (XAU/USD) looks ready to extend a longer-term trend after touching a few technical support levels. Think the precious metal will see new record highs this week? Gold (XAU/USD) 4-hour Forex Chart by TradingView In case you missed yesterday’s headlines, a lack of top-tier data releases enabled the markets to take a breather from the previous week’s extended moves. JPow had his moment under the spotlight, however. In a discussion, he supported further interest rate cuts but also revealed that he’s only seeing around 50bps further reduction until the year’s end. This is less…
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 or FX, is a dynamic and ever-evolving landscape. Success in this arena hinges on a trader’s ability to interpret subtle market cues and make informed decisions. Here’s where technical analysis tools like the Aliev Fx Volumes MT4 Indicator come into play. While not a magic formula for guaranteed profits, this indicator can empower you with valuable insights into market activity, potentially enhancing your trading experience. Understanding Volume in Forex Trading Before diving deeper into the Aliev Fx Volumes indicator, let’s establish a solid foundation in volume analysis. Imagine a busy marketplace – the…
The Bank of Japan (BoJ) published the Summary of Opinions from its September monetary policy meeting on September 19 and 20, with the key findings noted below. Key quotes Japan’s economy has been recovering moderately, with steady price rises.Economic activity and prices are generally on track, with moderate growth expected.Concerns exist regarding the impact of U.S. economic uncertainties on Japan, including exchange rates and corporate profits.The Bank will maintain its current accommodative stance but will adjust if economic conditions improve.There are no immediate plans for further rate hikes, emphasizing stability and careful communication. Market reaction Following the BoJ’s Summary of…
AST SpaceMobile, Inc. (NASDAQ:ASTS) President Scott Wisniewski has sold a portion of his stock in the company, according to the latest filings. The transactions, which took place on September 30, 2024, involved the sale of 2,700 shares at prices ranging between $23.12 and $23.13, resulting in a total value of over $62,000. The recent filings also revealed that Wisniewski had a payment of tax liability through the withholding of securities incident to the vesting of restricted stock units (RSUs), representing 25,750 shares of Class A Common Stock. This transaction was valued at $613,622, with a price per share of $23.83.…
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Bank of America say that with EUR/USD on approach to their year-end target of 1.12 the pair has limited upside:market expectations for Federal Reserve and European Central Bank interest-rate cuts are fully priced now for 2024(I’ll just pop in that after Powell spoke on Monday those expectations looked to have been overpriced for the Fed:US dollar rises, stocks fall as Powell higher GDI and base case to cut 25 bpsUSD moving higher as Powell taps the brakes on cuts)BoA go on:EUR/USD should rise again in 2025, weaker dollar impacting“Our thesis remains that Fed policy easing in a US soft landing…
Mexican Peso stays flat against the Greenback, anticipating Claudia Sheinbaum’s October 1 inauguration. Business Confidence for September, expected on October 2, could mark a fourth consecutive month of improvement. Despite Peso gains, the US Dollar Index rises by 0.20% as stronger US economic data bolsters the Greenback. The Mexican Peso erased some of its earlier gains and is virtually unchanged against the Greenback amid a scarce economic docket in Mexico. The most important event will be on October 1, when President-Elect Claudia Sheinbaum takes the place of outgoing President Andres Manuel Lopez Obrador. However, Federal Reserve Chairman Jerome Powell is…
Carl Lokko Organon (NYSE:OGN) and partner Shanghai Henlius Biotech said that a phase 3 trial of their biosimilar to Roche’s (OTCQX:RHHBY) Perjuta (pertuzumab) met its primary endpoint. That endpoint was the total pathological complete response (tpCR). Secondary endpoints still under evaluation include tpCR rate assessed by investigators; breast Source link