Author: FX

Prior month 0.2% (revised from 0.1%)Wholesale inventories for September 2024 -0.1%Retail inventories X auto +0.1% versus 0.5% last month This article was written by Greg Michalowski at www.forexlive.com. Source link

HDFCLIFE Elliott Wave technical analysis Function: Larger Trend Higher (Intermediate degree Wave (3), orange) Mode: Motive Structure: Impulse Position: Minute Wave ((v)) Navy Details: Minute Wave ((v)) Navy is progressing higher within Minor Wave 3 Grey of Intermediate Wave (3) Orange. Potential upside target is seen towards 797 mark. No change. HDFC Life Insurance daily chart technical analysis and potential Elliott Wave counts: HDFC Life Insurance daily chart is indicating potential rally towards 797 mark in the near term as Minute Wave ((v)) of Minor Wave 3 of Intermediate Wave (3) unfolds against 666. A break below 666 would confirm the alternate…

Do you think Australia could post another hotter-than-expected CPI report and keep hawkish RBA expectations in play? Our Event Guide for the Q3 Australian CPI release suggests that another upside inflation surprise could be enough to dash hopes for any central bank easing. Check out these potential support zones on AUD/NZD and AUD/CHF! 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

CAIRO (Reuters) – At least 60 Palestinians were killed and dozens wounded in an Israeli strike on a residential building in the northern Gaza town of Beit Lahiya on Tuesday, the Gaza health ministry said. Marwan Al-Hams, an official at the health ministry in the Hamas-run enclave, said 17 other people were missing, adding they would be counted as dead, and 150 people were wounded. Medics said 20 children were among the dead. There was no immediate Israeli comment. Video footage obtained by Reuters showed several bodies wrapped in blankets on the ground outside a bombed four-storey building. More bodies…

S&P 500 futures are flat as we look towards the start of European morning trade later. It’s a quiet one for now, following the slight advance from yesterday.Higher yields continue to be a key consideration for stocks at the moment. But for trading this week, it’s going to be a rather tricky one.We have a slew of US data during the week, which will be capped off by the non-farm payrolls report on Friday. The PCE price index on Thursday is also a standout in that regard. Then, there’s key earnings releases from big tech as seen here. And then,…

USD/CHF can’t seem to bust through a key technical resistance zone! Is it time to short the Greenback against its fellow safe haven? We’re taking a closer look at the daily chart! USD/CHF 1-hour Forex Chart by TradingView The U.S. dollar can’t seem to sustain gains above the .8700 psychological handle against the Swiss franc despite the U.S. 10-year Treasury yield extending its gains on Monday. We don’t have to look too far for answers. Optimism for U.S. equities is limiting U.S. dollar demand, while uncertainty over the results of the U.S. elections may be keeping some traders from buying…

Gold prices rose in United Arab Emirates on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 325.28 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 323.86 it cost on Monday. The price for Gold increased to AED 3,793.99 per tola from AED 3,777.39 per tola a day earlier. Unit measure Gold Price in AED 1 Gram 325.28 10 Grams 3,252.79 Tola 3,793.99 Troy Ounce 10,117.28 FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on…

Australia is about to print its Q3 inflation data! Our Event Guide for Australia’s Q3 2024 CPI suggests that we could see cooler price pressures compared to the previous quarter as commodity (but mostly oil) prices and average input costs eased while inflation expectations slid in the previous months. If inflation significantly eases as the markets expect, at least some Reserve Bank of Australia (RBA) members may be convinced to shift to a more dovish stance. More dovish expectations could cut the Australian dollar’s advantage against its major counterparts. This Article Is For Premium Members Only Become a…

TOKYO (Reuters) – Japan’s Finance Minister Katsunobu Kato reiterated on Tuesday that the authorities would be vigilant to foreign exchange moves, including those driven by speculators. “We will continue to closely monitor foreign exchange moves, including those driven by speculators, with a higher sense of vigilance,” Kato told a regular news conference. The yen is languishing at three-month lows as the loss of Japan’s ruling bloc’s parliamentary majority has raised expectations that the political turmoil could make it harder for the Bank of Japan to wean the economy off decades of monetary stimulus. The election results also heightened prospects that…

Will the upcoming Australian CPI release reinforce the RBA’s monetary policy stance? Or will the inflation numbers convince policymakers to change their bias in their next meeting? Here’s what you need to know about the quarterly CPI report and how AUD usually reacts. 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