Author: FX

Crude Oil Update:Energy markets have been worried about oversupplyThese worries have weakened somewhat, but haven’t disappearedTechnically US crude’s uptrend remains in place Recommended by David Cottle Get Your Free Oil Forecast Crude Oil Prices have been supported on Wednesday by news in the previous session of a smaller-than-expected rise in United States stockpiles, although a stronger Dollar still offers headwinds.Figures from the American Petroleum Institute showed a rise of 670,000 barrels in the week to February 2, much lower than the 1.9-million-barrel inventory build markets had been looking for before the figures. Moreover, the Energy Information Administration cut its outlook…

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…

Having trading biases isn’t necessarily a bad thing, but there are some that can impair our ability to read the markets and make good trading decisions. The first step to overcoming these biases is to become fully aware of them. Here are four common ones you should be mindful of. 1. Anchoring bias An anchoring bias refers to the tendency of a trader to rely on what is familiar, such as future outcomes being EXACTLY the same as past results. Of course a lot of market predictions are based on price patterns, but having an anchoring bias means that one…

Japanese Yen Major Talking Points:USD/JPY hovers around its opening level TuesdayMarket focus us on Japanese wage settlements, with annual negotiations under wayThe medium-term range is holding, any break is likely to be instructiveThe Japanese Yen hovered around its opening level against the United States Dollar through Wednesday’s European session, having recovered somewhat in the previous day.USD/JPY had been boosted like most currency pairs by last week’s astonishingly strong US labor market report, and the subsequent pricing out of any early interest-rate increases from the Federal Reserve.However, the Japanese currency enjoys some underlying support from market suspicions that the Bank of…

Gogoro press release (NASDAQ:GGR): Q4 GAAP EPS of -$0.12. Revenue of $91.5M (-4.1% Y/Y). Fourth quarter battery swapping service revenue of $32.5 million, up 3.7% year-over-year and up 6.0% on a constant currency basis For the full year 2024. we expect to generate revenue of $385 million to $420 million vs $414.53M consensus. We estimate that approximately 90% of such full-year revenue will be generated from the Taiwan market and 10% from international markets. Source link

GBP/USD AnalysisEconomic calendar quiet but scattered with central bank speakersGBP/USD tests prior zone of support after temporarily trading below the 200 SMAElevate your trading skills and gain a competitive edge. Get your hands on the Pound Sterling Q1 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar: Recommended by Richard Snow Get Your Free GBP Forecast Economic Calendar Quiet but Scattered with Central Bank SpeakersThis continues to be a quiet week from a scheduled risk perspective but we are still to hear from a number of prominent Fed officials and potentially hear why…

5/5 © Reuters. Houthi leader Abdul-Malik al-Houthi addresses followers via a video link at the al-Shaab Mosque, formerly al-Saleh Mosque, in Sanaa, Yemen February 6, 2024. REUTERS/Khaled Abdullah 2/5 DUBAI (Reuters) – The leader of Yemen’s Iran-aligned Houthis said on Tuesday that the group will further escalate if the Israeli attack on Gaza does not stop. The Houthis, who control Yemen’s capital and most populous areas, have attacked international shipping in the Red Sea since November in what they say is solidarity with Palestinians, drawing U.S. and British retaliatory strikes since last month. The attacks are disrupting maritime trade in…

Eurostoxx +0.1%Germany DAX -0.1%France CAC 40 flatUK FTSE +0.1%Spain IBEX -0.2%Italy FTSE MIB +0.2%Treasury yields are also flattish across the curve, so that isn’t giving traders much to work with at the moment. In the FX space, the dollar is marginally lower but keeping mostly in a narrow range so far on the day. US futures are also looking rather tepid, with S&P 500 futures at flat levels currently. This article was written by Justin Low at www.forexlive.com. Source link

Is that a bearish triangle break I’m seeing on GBP/NZD? And can it gain more downside momentum in the next sessions? New Zealand’s quarterly jobs report printed a significant upside surprise, so Kiwi bulls might be keen on adjusting RBNZ policy bets. 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

Share: Germany’s industrial sector downturn stretched into December, the latest data published by Destatis showed on Wednesday. Industrial output in the Eurozone’s top economy declined 1.6% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, as against the -0.4% expected and a 0.7% drop recorded in November. German Industrial Production tumbled at an annual rate of 3.0% in December versus November’s -4.8% slump. EUR/USD reaction to the German Industrial Production data The mixed German industrial figures failed to move the needle around the Euro, as EUR/USD trades 0.10% higher on the day at 1.0765…