Author: FX
Today I spoke with BNNBloomberg about the Canadian dollar, tariffs and why there could be a black swan looming around the US dollar. The video is below.Here are five questions:1) Why is the Canadian dollar struggling?his week the Canadian dollar fell to the lowest level since May 2020. Excluding the pandemic and a brief rout in 2016, it’s the lowest in 21 years.Now, it’s not entirely fair to say the loonie is struggling in a global context. It’s right in the middle of the five-year range against the euro, slightly below the five-year average against the pound and near a…
Gold continues to snake higher on Thursday as markets price in higher probabilities of the Fed cutting interest rates in December. A softening of Trump’s rhetoric on tariffs is a possible factor in the falling interest rate expectations. XAU/USD is technically crawling up a major trendline but remains vulnerable to further breakdowns. Gold (XAU/USD) extends its shallow recovery from Tuesday’s lows as it trades in the $2,640s on Thursday. The yellow metal is seeing gains on the back of cementing market bets that the Federal Reserve (Fed) will go ahead and cut US interest rates at its December meeting. Lower…
Prior -12.5Economic confidence 95.8 vs 95.1 expectedPrior 95.6; revised to 95.7Industrial confidence -11.1 vs -13.2 expectedPrior -13.0; revised to -12.6Services confidence 5.3 vs 6.2 expectedPrior 7.1; revised to 6.8Slight delay in the release by the source. Economic sentiment in the euro area actually improved on the month but the devil is in the details. It was to do with better sentiment in the industrial sector, though keeping in negative territory. As for services sentiment, that deteriorated again on the month. As such, the outlook remains more challenging for the Eurozone especially with the prospect of Trump tariffs on the horizon.…
Key points Strong outlook for holiday spending: A soft landing, rising wages, and robust consumer confidence set the stage for record holiday spending. Stock opportunities across sectors: Retail giants, e-commerce, specialty stores, travel companies, and gaming firms could be primed for growth this season. ETFs for diversification: Explore thematic ETFs to capture gains in retail, leisure, and e-commerce trends. A Merry outlook for holiday spending As the holiday season kicks into high gear, the U.S. economy is setting a strong foundation for robust spending. A resilient consumer, paired with improving macroeconomic conditions, is driving optimism for 2024’s holiday shopping period.…
fcafotodigital/iStock via Getty Images Traders will get some time off from the stock market on Turkey Day, though U.S. floor trading for metals and energy futures on Comex and the New York Mercantile Exchange will still be open. Equity index futures are active as Source link
Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straight forward approach utilizes 2 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than H1, optimal results are typically achieved within the H1, H4, and Daily timeframes. Trade Details Currently, the Flip 55 strategy has identified a trading opportunity on the GBP/CHF pair within the H4 timeframe. I’ve shared a trade setup image for…
U.S. crude oil prices are almost at a key support zone in the 4-hour time frame. Is the Black Crack ready for another swing higher? Or will WTI bears force a retest of lower previous levels before letting the bulls gain some ground? WTI Crude Oil (USOIL) 4-hour Chart by TradingView In case you missed it, U.S. oil prices gained a few points on Wednesday as oil traders juggled the ceasefire between Israel and Hezbollah and EIA reporting higher U.S. crude oil inventories. Meanwhile, a decreased demand for the U.S. dollar is supporting counterparts like crude oil. WTI crude oil,…
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…
NZD/USD trades with mild gains around 0.5900 in Thursday’s early Asian session. The cautious stance from the Fed on further rate cuts might lift the US Dollar. The speculations about a potential 10% tariff on Chinese goods could weigh on the Kiwi. The NZD/USD pair gains traction to around 0.5900 during the Asian trading hours on Thursday, bolstered by the weaker US Dollar (USD). The Greenback edges lower due to the month-end flows and some profit-taking for the US long weekend. The US markets will be closed on Thursday in observance of the Thanksgiving holiday.However, the downside for the Greenback…
The world of forex trading thrives on information. Discerning subtle patterns and hidden trends within price fluctuations is the lifeblood of any successful trader. This is where technical indicators come into play, acting as powerful tools to illuminate the market’s inner workings. Among these valuable resources, the Fast Exponential Moving Average (EMA) stands out for its ability to provide real-time insights tailored for fast-paced trading environments. But before diving headfirst into the world of Fast EMAs, let’s establish a solid foundation. This comprehensive guide will equip you with the knowledge and confidence to leverage the Fast EMA MT4 indicator effectively,…