Author: FX
Gold price attracts some haven flows on Monday amid rising geopolitical risks. The USD remains on the defensive below a one-year high and also lends support. Bets for less aggressive Fed rate cuts and elevated US bond yields to cap gains. Gold price (XAU/USD) gains strong positive traction on Monday and reverses a part of last week’s sharp decline to the lowest level since September 12. The commodity, for now, seems to have snapped a six-day losing streak and is supported by reviving safe-haven demand, bolstered by the risk of a further escalation of geopolitical tensions. Apart from this, subdued…
Can Canada’s upcoming CPI figures boost Bank of Canada (BOC) easing expectations? Our Event Guide for Canada’s CPI Report listed a couple of underlying metrics pointing to weaker input price pressures, possibly weighing on overall consumer inflation. Here’s what I’m watching on GBP/CAD and CAD/JPY in case the inflation figures fall short again. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
By Rae Wee SINGAPORE (Reuters) – Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from Nvidia (NASDAQ:), while in Japan, a speech from its central bank’s head left markets none the wiser on the country’s rate outlook. Bank of Japan Governor Kazuo Ueda reiterated on Monday the central bank will keep raising interest rates if economic and price developments move in line with its forecasts, but made no mention of whether a hike could come in December. His speech had been closely watched by investors for clues on the BOJ’s next rate hike,…
The Perfect Trend Line and Volatility Quality Forex Trading Strategy is designed to offer traders a balanced approach by combining the strength of trend-following with precise volatility measurement. In the ever-fluctuating Forex market, identifying reliable trends is crucial for profitable trading. The Perfect Trend Line indicator helps in detecting clear, actionable trends by smoothing out price data and eliminating market noise. When combined with the Volatility Quality indicator, which measures the quality and sustainability of price movement, this strategy allows traders to make informed decisions about market entry and exit points. At the heart of this strategy is the idea…
The Wave Trend Oscillator and Forex Trend Scanner Forex Trading Strategy is a powerful combination designed to help traders navigate the complex dynamics of the forex market. This strategy merges the precision of the Wave Trend Oscillator, which highlights potential reversal points based on momentum and price movement, with the efficiency of the Forex Trend Scanner, a tool that identifies prevailing trends across multiple currency pairs. By integrating these two indicators, traders can make more informed decisions, minimizing risks and maximizing opportunities. Whether you’re a beginner or a seasoned trader, this strategy offers a structured approach to trading by focusing…
Ever feel overwhelmed by the constant price fluctuations in the Forex market? Want to trade with more confidence by identifying trends and capitalizing on them? The ZP Lopez Trend MT4 Indicator might be your secret weapon. This innovative tool, designed for the MetaTrader 4 platform, aims to simplify trend identification and filter out market noise, potentially leading to more profitable intraday trading decisions. But before you jump in and start placing trades based solely on this indicator, let’s delve deeper. This comprehensive guide will unveil the ZP Lopez Trend MT4 Indicator, exploring its functionalities, trading strategies, and potential benefits and…
Singapore’s non-oil domestic exports (NODX)-7.4% m/m in October 2024expected +2.3%, prior -0.6% (revised from +1.1%)-4.6% y/yexpected +4.0%, prior +0.9% (revised from +2.7%)notable NODX to Chi9na fell 22.3% y/y More:exports of non-electronics decreasedexports of electronics increased This article was written by Eamonn Sheridan at www.forexlive.com. Source link
AUD/USD trades with mild gains near 0.6460 in Monday’s early Asian session. Fed Chair Powell downplayed the need for aggressive rate cuts, citing economic strength. The hawkish RBA might cap the downside for the pair. The AUD/USD pair trades on a stronger note around 0.6460 during the early Asian session on Monday. However, the upside for the pair might be limited amid the cautious remarks from the Federal Reserve (Fed) officials and strong US economic data, which boost the US Dollar (USD) broadly. The US Retail Sales increased slightly more than expected in October, according to the Commerce Department’s Census Bureau…
Andrew Harnik/Getty Images News President-elect Donald Trump’s transition team has told advisors that they intend to make a federal framework for fully self-driving vehicles one of the Transportation Department’s priorities, Bloomberg reported Sunday, citing people familiar with the matter. The new rules are expected to Source link
JHVEPhotoInvestment bank stocks’ strong gains following the U.S. elections is justified given the likelihood of lower taxes, expected delays and further dilution in Basel III final rules, and anticipated in investment banking activity, especially M&A, J.P. Morgan analyst said in a recent note. Source link