Author: FX

The Mexican Peso chalked in a second day of gains against the Greenback on Wednesday. Mexico’s recent rate cut despite an uptick in inflation has left Peso markets in a bind. US CPI figures cooled to expected levels, but investors were hoping for more post-PPI. The Mexican Peso (MXN) found extra room on the high side on Wednesday, bolstered by a lopsided US Dollar (USD) after US Consumer Price Index (CPI) inflation figures cooled to the expected levels. However, markets were hoping for firmer signs of easing inflation pressure after this week’s US Producer Price Index (PPI) showed a steeper-than-expected…

Crown ElectroKinetics GAAP EPS of -$5.89, revenue of $4.65M Source link

Getting sick of the good ol’ trading tips for beginners? Here are some unusual (yet very helpful!) pieces of advice I’ve garnered from trading pros: 1. Don’t look at your P/L Wait, what..? That’s right, close that P/L tab on your trading platform or cover that panel up with some masking tape if you have to. As newbies, it is tempting to focus solely on these bottom line numbers since it’s the main scoreboard that’s nearly impossible to ignore. However, each and every win or loss might wind up reinforcing trading biases before you’re even aware of them, enough to…

Headlines:Markets:EUR leads, NZD lags on the dayEuropean equities higher; S&P 500 futures flatUS 10-year yields down 2.3 bps to 3.831%Gold up 0.3% to $2,471.93WTI crude down 0.3% to $78.10Bitcoin up 0.7% to $60,982It was more of a placeholder session in European morning trade today, as all eyes are on the US CPI report coming up later.We got inflation numbers from the UK and they were softer than estimated, bolstering expectations for a BOE rate cut next month. The market pricing briefly jumped to near 50-50 before settling down a little bit. Now, traders are seeing ~42% odds of a rate…

Gold is consolidating under chart resistance as falling US yields and a tense geopolitical backdrop support the metal.  Upside may be limited, however, by overextended positioning.  The precious metal is at the top of a range-bound consolidation, with the short-term trend biased to extend sideways.  Gold (XAU/USD) trades in the $2,470s on Wednesday as it continues consolidating after its August rally. Falling US bond yields, which are negatively correlated to Gold, helped stimulate the rally. Safe-haven flows further support the Yellow Metal due to growing geopolitical concerns emanating from the Middle East and Russia-Ukraine conflict. These haven flows, however, may…

da-kuk/E+ via Getty Images London (UKX) +0.58% UK’s inflation rate rises to 2.2% in July. Germany (DAX:IND)+0.46% France (CAC:IND) +0.69% France inflation climbs to 2.3% in July Household consumption in the Netherlands tumbled to 0.7% Y/Y in June 2024 from a downwardly revised 0.1% rise in the previous month. The Romanian GDP growth rose 0.8% Y/Y in Q2. Industrial production in Romania rose by 0.5% Y/Y in June. The annual inflation rate in Sweden stood at 2.6% in July. The annual inflation rate in Finland fell to 1.0% in July. Norway’s consumer confidence indicator rose to -16.3 in Q3. Slovakia’s…

GBP/AUD looks well-supported despite sticky high wage pressures in Australia. Will this week’s Australian jobs data help push GBP/AUD from its technical support zone? The 1-hour chart may give us some clues: 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

Look out for potential intraday moves on AUD pairs this week, as the Land Down Under is gearing up to print its July jobs figures. Here’s what market analysts are expecting for this top-tier event and how the numbers could affect the Australian dollar’s trends. 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

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…

This strategy utilizes a modified moving average indicator known as Half Trend, which plots a line that changes color based on the prevailing market direction. Traders interpret these color changes as signals to buy or sell, aligning their trades with the momentum of the market. This approach not only helps traders avoid false signals during periods of market turbulence but also increases the likelihood of entering trades that have the potential for greater profitability. By integrating Buy Sell Signals Arrows and the Half Trend Buy Sell strategy into their trading routines, traders gain a clearer perspective on market dynamics and…