Author: FX

By Suzanne McGee (Reuters) – Assets in actively managed exchange-traded funds (ETFs) worldwide hit a record $1 trillion at the end of August, according to data provider ETFGI, boosted by easier regulations and a wave of product innovation. Active ETFs seek to outperform the indexes they are benchmarked to, including the , the and the Russell 1000 Growth Index. Bear Stearns launched the first active ETF in 2008. While they make up just 7% of all global ETFs, active ETFs have accounted for 30% of all inflows into the funds as a whole for the last several years, Matthew Bartolini,…

The major currencies saw a lot of action as traders took their cues from central bank updates, China’s new stimulus measures, and closely watched data releases. Source link

The NZD/USD climbed to fresh highs since December. The RSI stands deep in positive area and the MACD shows rising green bars supporting an overall bullish outlook. If the bulls fail to conquer 0.6400, it might trigger a downward correction. On Friday, the NZD/USD pair continued its ascent from Thursday, adding 0.20%, reaching 0.6354 and continuing the bullish trend. The technical indicators suggest that the buying pressure is likely to continue. The Relative Strength Index (RSI) is currently at 66, which is near the overbought area. This suggests that buying pressure is strong but that the movements might have become…

XAG/USD drops over 1% to $31.60 after reaching a yearly high of $32.71 earlier in the week. Failure to close above $31.75 could see Silver trading between $31.00 and $31.70, with potential for further weakness. A break above $32.00 may lead to retesting the YTD high of $32.71, with $33.00 as the next key resistance level. Silver prices dropped on Friday, finishing the session down by more than 1% after hitting a yearly record high of $32.71 on September 26. Buyers’ failure to cling to gains above $32.00 exacerbated the drop toward $31.60, but they held to weekly profits of…

The Canadian Dollar fell across the board on Friday. Canada saw a higher-then-expected GDP print from July. US PCE inflation data dominated Friday’s headlines. The Canadian Dollar (CAD) fell back against all of its major currency peers on Friday, shedding nearly one-third of one percent against the Greenback. Markets shrugged off an upbeat print in Canadian Gross Domestic Product (GDP) growth figures, and cooling US Personal Consumption Expenditure Price Index (PCE) inflation is keeping market hopes for a follow-up rate cut on the high end. Canada saw GDP rise more than expected in July, but a lack of other meaningful…

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…

Closing changes in North American equities:S&P 500 -0.1%Nasdaq Comp -0.4%DJIA +0.3%Russell 2000 +0.7%Toronto TSX Comp -0.3%On the week:S&P 500 +0.6%Nasdaq Comp +1.0%DJIA +0.6%US stocks had a strong start and liked the PCE report but the bombing in Beirut along with quarter-end flows added some caution. Nvidia was also weak on a report about China discouraging its chips. This article was written by Adam Button at www.forexlive.com. Source link

AUD/USD gains traction from risk-on sentiment and China’s stimulus measures. Hawkish RBA stance and soft US inflation maintain upside potential for AUD/USD. Markets are still betting on a 50 bps cut by the Fed. The AUD/USD gained traction on Friday, climbing by 0.20% to 0.6910. Optimism surrounding China’s stimulus measures, including monetary easing by the People’s Bank of China (PBOC), provided support to the Australian Dollar, boosting risk appetite among investors. Personal Consumption Expenditures (PCE) figures from the US from August came in soft, also prompting USD weakness. On one hand, the Reserve Bank of Australia (RBA) doesn’t plan on…

XAU/USD drops to $2,646 after September inflation data suggests progress toward the Fed’s 2% target. US 10-year Treasury yield falls five basis points, while the US Dollar Index dips by 0.16% to 100.41. Geopolitical risks rise as Israel strikes Lebanon, but Gold fails to gain momentum as traders cash in profits. Gold fell to a three-day low beneath $2,650 after the US Bureau of Economic Analysis (BEA) revealed that September inflation continued to evolve toward the Federal Reserve’s (Fed) goal. Even though this warranted further easing by the Fed, the golden metal failed to gain traction as analysts speculated that…

Mexican Peso extended its losses for the second straight day as USD/MXN hit a 19.74 peak. Banxico cuts rates to 10.50%, weakening the Peso as economic activity cools and inflation projections rise for 2024. US PCE inflation edged lower, but core PCE remains within the Fed’s comfort range of 2%-3%. The Mexican peso lost steam on Friday against the US Dollar after inflation data in the United States (US) edged lower and failed to underpin the Mexican currency. However, the recent Bank of Mexico — known as Banxico — decision to lower interest rates weakened the Peso. At the time…