Author: FX
UK Chancellor Reeves is walking a thin line as she seeks to find a balance between finding the funds to invest for growth while also maintaining the air of budgetary prudence, Rabobank’s FX analyst Jane Foley notes. GBP is holding up well so far “To avoid shocking gilt investors too much by the October 30 budget announcements, Reeves has already leaked various parts of her agenda. GBP is holding up well so far, in part because the BoE is less dovish than some other G10 central banks.” “Meanwhile, a more dovish ECB is undermining the resilience of the EUR. …
EUR/CAD trades plum in the middle of a multi-week range as both constituent currencies face similar negative fundamentals. The central banks of Canada and the Eurozone are expected to slash rates at the end of 2024 – a negative for both EUR and CAD. CAD also faces downside pressure from US election risk and the lower Crude Oil prices. EUR/CAD lengthens its range-bound price action on Friday, trading at 1.5000 after edging higher on the day. The pair is plum in the center of an 11-week range and unable to gain directionality due to the similar monetary policy outlook of…
Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straightforward 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 AUD/USD pair within the H1 timeframe. I’ve shared a trade setup image for your…
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…
Gold trades in a $50 range, below the recent $2,758 record high, as it remains underpinned by haven flows. Relentless bombing by Israel and increased uncertainty over who will win the US presidential election are driving the flows. XAU/USD forms a mini range within a broader uptrend, but higher highs are still possible. Gold (XAU/USD) remains stuck in this week’s mini range, exchanging hands in the $2,720s on Friday, as the precious metal is still supported by safe-haven flows due to a high level of geopolitical risk. The ongoing conflict in the Middle East and increasing uncertainty over who will win in…
HCA Healthcare declares $0.66 dividend Source link
Investing.com — Shares of Volvo (ST:) rose on Friday after UBS analysts upgraded the stock to “neutral” from “sell.” At 7:34 am (1134 GMT), Volvo was trading 1.9% higher at SEK 274.40. This revision in rating reflects UBS’s assessment that Volvo’s current share price more accurately represents its risk and reward outlook, taking into account the market’s mixed signals and expected improvement in performance for 2025. Analysts at UBS cited that while the heavy-duty truck market in Europe and North America remains challenging, the company’s fundamentals and market positioning have recalibrated to align with current economic conditions, balancing both near-term…
Cryptocurrency is increasingly becoming more and more integrated into the overall global economy, and the need for reliable, secure, and efficient payment solutions has never been greater. For businesses looking to start taking advantage of digital currencies, CryptoProcessing is leading the charge, offering a platform that not only simplifies crypto transactions as a whole, but also provides a range of features that make it the obvious standout in the industry. Below, we’re going to explore why CryptoProcessing is considered a game-changer in the world of cryptocurrency payment solutions.What Makes CryptoProcessing Unique?CryptoProcessing is making all kinds of waves for a bunch…
Gold price attracts some sellers on Friday, though the downside remains cushioned. Bets for smaller Fed rate cuts revive the USD demand and weigh on the XAU/USD. Geopolitical risks and the US political uncertainty lend support to the precious metal. Gold price (XAU/USD) meets with some supply on Friday and erodes a part of the previous day’s gains amid the emergence of US Dollar (USD) dip-buying, bolstered by expectations for a less aggressive policy easing by the Federal Reserve (Fed). Apart from this, a generally positive tone around the equity markets is seen as another factor undermining demand for the…
Bitcoin busted through a long-term triangle consolidation pattern to suggest that a major trend is in the works. Where could BTC/USD be headed next? Take a look at these potential targets I’m seeing on the daily time frame! Bitcoin (BTC/USD) Chart by TradingView A combination of risk-taking and anti-USD action on election-related uncertainty allowed bitcoin to surge above its descending triangle chart pattern that had been holding since March this year. The rally hit a roadblock at R1 ($69,025) right around a major psychological mark, forcing BTC/USD to retest the former triangle resistance, which seems to be holding as support.…