Author: FX

· 2024’s ‘year of elections’, with half of the world’s population going to the polls, expected to create opportunities for traders· Analysis of Plus500 OTC data from previous elections shows that indices and forex pairs are likely to be in focusWith 2024 being described as ‘the year of elections’ as half of the world’s voters go to the polls, experts from the global multi-asset fintech group Plus500 have pored through trading data from recent elections to understand how traders might behave around this year’s high stakes political elections. With a presence across more than 60 countries and over 25 million…

UK GDP, Pound Sterling, FTSE 100 AnalysisEconomic Deterioration Confirmed in Q4The UK economy has experienced a notable downshift since the start of 2023 which culminated in a technical recession for the second half of the year. Worse-than-expected GDP data for the fourth quarter revealed a 0.3% contraction (QoQ) to mark two successive quarters of negative GDP – the definition of a technical recession.Customize and filter live economic data via our DailyFX economic calendar Recommended by Richard Snow Trading Forex News: The Strategy With the minor Q3 contraction of 0.1% remaining unchanged, hopes of avoiding a recession all but evaporated. GDP…

EUR/USD looks set to retest a key resistance zone ahead of the U.S. retail sales data! In case you missed it, a bit of risk-taking in the previous trading sessions helped pull EUR/USD back from its 1.0700 weekly lows. The pair is now trading closer to the S1 (1.0740) Pivot Point line, which is also near the 1-hour chart’s 100 and 200 SMAs as well as a trend line resistance that hasn’t been broken since mid-January. How low can EUR/USD go? This Article Is For Premium Members Only Become a Premium member for full website access, plus…

Share: USD/CAD drifts lower for the second straight day amid a modest USD downtick. Sliding Oil prices undermine the Loonie and should help limit any further losses. The technical setup warrants caution before positioning for a meaningful decline. The USD/CAD pair turns lower for the second successive day on Thursday and moves away from a fresh YTD peak, around the 1.3585 region touched earlier this week. Spot prices trade around the 1.3535-1.3530 area, down less than 0.10% during the first half of the European session as traders now look to the US macro data for a fresh impetus.…

Cementos Pacasmayo S.A.A. GAAP EPS of S/0.10, revenue of S/511.4M Source link

© Reuters Investing.com– Gold prices moved little in Asian trade on Thursday, remaining below key support levels as the prospect of higher for longer U.S. interest rates continued to diminish the yellow metal’s appeal.  Bullion prices took some relief from mild losses in the , which consolidated in overnight trade after racing to three-month highs earlier this week. The greenback is now likely to see more near-term gains, as traders began further scaling back expectations for early rate cuts by the Federal Reserve. A slew of Fed officials also warned that the central bank will keep rates higher if inflation…

Adam had a post on the full slate of data from the US, the highlight will be the January US retail sales report.You can see the priors and expected in the screenshot ( snapshot from the ForexLive economic data calendar, access it here).For the ranges of expectations:Initial Jobless Claims minimum estimate is 215K while the maximum is 225KRetail sales m/m -0.7 % to 0.3 %Philadelphia Fed Manufacturing Index -15.0 to -5.9 (NY) Empire State Manufacturing Index -20.2 to -10.0Industrial Production -0.4 % to 0.5 %Business Inventories 0.3 % to 0.4 %For the Natty folks, there will be the Energy Information…

Share: WTI remains under some selling pressure for the second straight day on Thursday. A spike in US inventories overshadows geopolitical risks and weighs on Oil prices. The OPEC sees a rise in global demand in 2024, 2025, albeit fails to lend support. West Texas Intermediate (WTI) US Crude Oil prices extend the overnight pullback from the vicinity of mid-$78.00s, or a fresh monthly peak and drift lower for the second successive day on Thursday. The commodity hovers around the $76.00 mark during the Asian session and remains well within the striking distance of the weekly low touched…

© Reuters. U.S. Special Envoy on North Korean Human Rights Issues Julie Turner speaks to media at the U.S. embassy in Tokyo, Japan February 14, 2024. REUTERS/John Geddie By John Geddie TOKYO (Reuters) -The United States supports Japan’s efforts to hold talks with North Korea and hopes any dialogue would seek to resolve issues ranging from regional security to human rights, Washington’s envoy on North Korean human rights issues said on Wednesday. Japanese Prime Minister Fumio Kishida told parliament last week he wants to hold a summit with North Korean leader Kim Jong Un and is personally overseeing high-level discussions…

Curious about where the British pound is headed? Explore all the insights in our Q1 trading forecast. Request your free trading guide today! Recommended by Diego Colman Get Your Free GBP Forecast GBP/USD FORECAST – TECHNICAL ANALYSISGBP/USD extended losses on Wednesday, but narrowly avoided breaking below cluster support at 1.2560, where the 200-day simple moving average converges with a short-term rising trendline. To prevent further deterioration in cable’s near-term outlook, bulls need to fiercely defend this area; failure to do so could result in a pullback towards 1.2500 and possibly even 1.2455.In case of a bullish turnaround, the first technical…