Author: FX
GOLD PRICE, US DOLLAR, STOCKS FORECASTThe Fed’s decision on Wednesday could bring increased volatility for gold prices, the U.S. dollar and stocksThe Federal Reserve is expected to hold its policy settings unchanged but could embrace a more dovish guidanceTwo possible FOMC outcomes are discussed in this articleMost Read: Gold Price Forecast – Fed Decision to Guide Trend, Critical Levels For XAU/USDThe Federal Reserve will announce on Wednesday its first monetary policy decision of 2024. This event has the potential to create attractive trading opportunities, but it may also bring heightened volatility and unpredictable price movements, so traders should be prepared…
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…
Share: WTI oil drops over 1.50%, affected by China’s property sector woes and a robust US Dollar. Oil prices falter despite geopolitical tensions, pressured by global economic concerns and central bank policies. Market awaits API and EIA reports for insights on US crude and distillate stocks amid economic uncertainty. West Texas Intermediate (WTI) drops sharply more than 1.50% on Monday, after failing to crack a key technical resistance level, along with demand woes sponsored by China’s property crisis. Despite rising tensions in the Middle East, traders are bracing for the US Federal Reserve (Fed) decision to keep the…
JHVEPhoto/iStock Editorial via Getty Images Philips’ (NYSE:PHG) decision to halt sales of its respiratory care devices in the U.S. to meet regulatory requirements is likely favorable to its rival, ResMed (NYSE:RMD), Citi argued on Monday as the Dutch medical device maker reacts to a major product recall. Philips (PHG) ADRs lost ~6%, marking the biggest intraday decline since October, while San Diego, California-based ResMed (RMD) traded higher for the third straight session in reaction to the news. Inspire Medical Systems (INSP) and Owens & Minor (OMI) also operate in the respiratory care device market in the U.S. The decision to…
EUR/USD OUTLOOKEUR/USD slides on Monday, falling to its lowest level since in nearly seven weeksThe pair is on track to lose 2.1% in JanuaryFed decision to dominate attention this weekMost Read: Gold Price Forecast: Fed Decision to Guide Trend, Critical Levels For XAU/USDThe euro weakened more than 0.4% against the U.S. dollar on Monday, with the EUR/USD exchange rate falling below 1.0800 at one point during the trading session – a multi-week low.The common currency has been on the defensive in recent days after ECB President Christine Lagarde failed to challenge market pricing of deep rate cuts at the January…
© Reuters. FILE PHOTO: Brazil’s Finance Minister Fernando Haddad attends a press conference in Brasilia, Brazil December 28, 2023. REUTERS/Adriano Machado/File Photo BRASILIA (Reuters) -Brazil’s central government primary budget deficit reached 230.5 billion reais ($47 billion) in 2023, Treasury data showed on Monday, in a sharp fiscal deterioration that casts doubt on the official goal of balancing the accounts this year. The annual deficit, equivalent to 2.1% of Gross Domestic Product (GDP), reverses a 0.5% surplus in 2022 and represents the second-largest ever recorded by the country, below only 2020 when the government boosted expenses during the COVID pandemic. The shortfall follows a December primary…
The first FOMC statement of 2024 is comin’ right up! Will policymakers stick to their “higher for longer” interest rate stance or hint that they’d rather cut “sooner rather than later”? Here’s what you need to know if you’re planning on trading this top-tier market catalyst. 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…
Share: European Central Bank (ECB) Vice President Luis de Guindos said on Monday that inflation risks in the euro area are tilted to the downside, as reported by Reuters. De Guindos added that the latest bank lending survey showed “certain stabilization” in the eurozone. “I think the disinflation process can continue” he noted and said that China doesn’t worry them due to financial contagion but through indirect impact on growth. Market reaction These comments don’t seem to be having a noticeable impact on the Euro’s valuation against its major rivals. At the time of press, the EUR/USD pair was trading…
Setting expectations can be a wonderful tool for traders. They provide benchmarks to help us ultimately determine success and failure, and they also give us goals to work towards. However, we must be careful in setting our expectations. Set them too high or unrealistically, and we could just set ourselves up for disappointment. Here are some of the most common trading expectations that often lead to disappointment: 1. More Trades = Faster Learning Process It’s true that taking more trades can lead to more experience, but it doesn’t necessarily mean that you’ll learn the ropes of trading any quicker than…