Author: FX
By Maya Gebeily and Alexander Cornwell BEIRUT/JERUSALEM (Reuters) -Israeli strikes killed 22 people and injured more than 100 in central Beirut on Thursday, Lebanese authorities said, as a senior Hezbollah official evaded an Israeli assassination attempt in the city, according to three security sources. In Lebanon’s south, two United Nations peacekeepers were injured when an Israeli tank fired at a watchtower at the force’s main headquarters in Naqoura, prompting the U.N. to say its personnel were facing increasing danger. The conflict between Israel and Hezbollah erupted one year ago when the Iranian-backed group opened fire in support of Palestinian militant…
Are gold prices ready to resume their long-term climb to fresh highs? Or will the precious metal hit another roadblock on its uptrend? Check out these nearby inflection points I’m watching on the 4-hour time frame: Gold (XAU/USD) 4-hour Chart by TradingView Gold prices have been on a tear over the past couple of months, with its higher lows connected by a rising trend line that’s been holding since August. The precious metal seems to have bounced off this support zone as risk-off flows and anti-USD action resumed this week, suggesting that bulls might be ready to charge again. However,…
All eyes and ears were on the U.S. CPI release… which didn’t really cause much of a ruckus in the markets. Crude oil, however, caught a massive 3% win for the day. Read on to find out why! Headlines: Japan’s producer prices rose from 2.6% to 2.8% year-on-year in September instead of dipping to the projected 2.3% figure Japan’s top currency diplomat Kanda noted that markets remain “extremely sensitive” to economic developments and the monetary policy outlook in major economies People’s Bank of China talked of more stimulus, as it said it would set up the 500B-yuan Securities, Funds and…
The September U.S. CPI report reflected slowing price pressures for the month, but the annual headline and core inflation readings were still hotter than expected. Headline CPI rose another 0.2% month-on-month, slightly higher than the projected 0.1% uptick, while the core CPI logged in a 0.3% monthly gain versus the expected 0.2% increase. This brought the annual headline CPI down from 2.5% to 2.4%, a notch higher than the 2.3% consensus and still above the central bank’s 2% target. Link to official U.S. CPI Report (September 2024) Underlying components revealed that the gains were spurred by a 0.2% monthly increase…
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…
The Australian Dollar trades in positive territory for the second consecutive day in Friday’s Asian session. Reduced bets of deeper Fed rate cuts support the USD and weigh on the pair. Investors brace for the US PPI data, which is due on Friday. The Australian Dollar (AUD) gains ground on Friday. Nonetheless, the lower odds of aggressive interest rate cuts from the US Federal Reserve (Fed) after the hotter-than-expected inflation data might lift the US Dollar (USD) and cap the upside for the pair. In the absence of top-tier economic data releases from the Australia on Friday, the USD price dynamic will be the main driver…
Have you ever felt the market momentum shift beneath your feet? One day, prices are soaring, and the next, they’re plummeting like a stone. The TSI is here to help you make sense of this very real phenomenon. In essence, the TSI is a momentum oscillator, a fancy term for an indicator that gauges the strength and direction of price movements. Think of it like a speedometer for the market – it tells you how fast prices are changing and in which direction. This information is invaluable for identifying trends, potential reversals, and even overbought and oversold conditions. The TSI…
Bullet Exploration (TSXV:AMMO:CA) on Thursday announced that it has applied to the TSX Venture Exchange to extend the term of an aggregate of 19.2M outstanding common share purchase warrants due to expire on October 24, 2024. Under the proposed amendment 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…
Sticky US CPI data and hawkish comments from Fed officials lent extra support to the Greenback on Thursday prior to the release of further inflation metrics at the end of the week. Here is what you need to know on Friday, October 11: The US Dollar Index (DXY) rose past the 103.00 barrier to reach new two-month highs as market participants adjusted to rising bets of a 25 bps rate cut in November. The US inflation will remain at the centre of the debate with the release of Producer Prices seconded by the preliminary Michigan Consumer Sentiment and speeches by…