Author: FX

Share: Silver prices dip, unable to hold above key $23.00 level, indicating a possible ongoing downtrend. Break below major supports like 200, 50, and 100-day DMAs strengthens bearish outlook for silver. Buyer resistance seen at $23.00 and 100-DMA ($23.15); fall below $22.51 may lead to $22.00, $21.93 supports. Silver price retreated late in the North American session after hitting a daily high of $22.97, though buyers’ failure to reclaim the $23.00 exacerbated the grey metal’s fall to current spot prices. Therefore, the XAG/USD exchanges hands at $22.73, down 0.59%. After printing three straight positive days, Silver retraced below…

I don’t know how this ends but it can’t go on.Update: The group claimed they used missiles to hit the British oil ship Marlin Luanda. This article was written by Adam Button at www.forexlive.com. 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…

I can guarantee there will not be job gains in the US in January.But the consensus for the January non-farm payrolls report is +178K jobs. How can that be?The answer is seasonal adjustments. The non-farm payrolls report is seasonally adjusted, which means it’s a number that smooths out things like teacher hiring and seasonal work. It’s designed to look through things like temporary retail hiring in December and it’s also designed to look through those layoffs in January.Why I’m so sure that January will include layoffs is because it always does. As Diane Swonk from KPMG highlights, the average job…

Share: EUR/USD reclaims territory near 1.0880 after drop into 1.0820. German Consumer Confidence declined to 11-month low. US PCE inflation eased more than expected, but spending remained high. EUR/USD recovered recent losses on Friday, recovering back into familiar technical levels. Still, overall gains remained limited after German Consumer Confidence backslid to almost a one-year low as economic conditions in Europe remain tepid at best. US Personal Consumption Expenditure (PCE) Price Index inflation figures eased more than expected, but further gains in December’s Personal Spending alongside an unexpected uptick in Pending Home Sales trimmed rate cut expectations. With the…

Share: DXY Index records a loss, unable to consolidate past 200-day SMA but closes a 0.20% winning week. Core PCE figures from December came in weak. Markets are still pushing the start of the Fed’s easing cycle to May. The US Dollar (USD) Index is presently grappling with losses, trading at 103.35 on the DXY, in response to the release of softer Personal Consumption Expenditures (PCE) data for December, which gave the doves hope of earlier rate cuts. In that sense, market expectations hint at a possible rate cut by the Fed in March. However, if economic growth…

Share: Canadian Dollar finds some room against the USD post-PCE print. Canada absent from the economic calendar until next Wednesday. Market focus to pivot toward upcoming Fed rate call. The Canadian Dollar (CAD) found some space on Friday, bolstered by climbing Crude Oil markets and clawing back some of the week’s losses. The US Dollar Index (DXY) broadly fell early Friday ahead of US Personal Consumption Expenditure (PCE) figures, and the DXY saw a choppy recovery after the annualized Core PCE Price Index slid more than expected. Canada is absent on the economic calendar until next Wednesday’s Canadian…

WisdomTree Alternative Income Fund declares monthly distribution of $0.1900 Source link

Share: Mexican Peso strengthens for third day, bolstered by strong trade balance and weak US PCE figures. Mexico’s sizable December trade surplus and robust job market underscore economic strength amid global uncertainty. US Fed’s core PCE index falling below 3% fuels May rate cut expectations, benefiting emerging currencies like MXN. The Mexican Peso (MXN finished Friday’s session with a solid gains day versus the US Dollar (USD) after data from Mexico suggested the Trade Balance expanded more than expected, while inflation data in the United States (US) was softer. That has kept the odds of a rate cut…

© Reuters. Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.66% Investing.com – Denmark stocks were higher after the close on Friday, as gains in the , and sectors led shares higher. At the close in Copenhagen, the added 0.66%. The best performers of the session on the were Carlsberg A/S B (CSE:), which rose 1.48% or 13.00 points to trade at 888.80 at the close. Meanwhile, Vestas Wind Systems A/S (CSE:) added 1.40% or 2.74 points to end at 197.90 and Rockwool International B (CSE:) was up 1.36% or 25.00 points to 1,869.00 in late trade.…