Author: FX
5/5 © Reuters. Evacuated people rest at a green house converted as an evacuation center, in the aftermath of an earthquake, in Wajima, Ishikawa prefecture, Japan January 2, 2024, REUTERS/Kim Kyung-Hoon 2/5 By Kiyoshi Takenaka and Sakura Murakami KASHIMAJI, Japan (Reuters) -The death toll from a massive earthquake that struck Japan on New Year’s Day rose to 64 on Wednesday as authorities rushed to bring aid to survivors facing freezing temperatures and heavy rain forecast for later in the day. The quake with a preliminary magnitude of 7.6 struck the Noto peninsula on Monday afternoon, levelling houses and cutting off…
Heads up, gold bugs! I’m seeing a potential reversal brewing on the hourly chart of the precious metal. XAU/USD has formed a head and shoulders pattern on the short-term time frame and the commodity price is currently testing the neckline. Do you think a break below this support level is due? Gold (XAU/USD) 1-hour Chart by TV Gold has been on a tear in the last couple of weeks of December, but it seems that the rally is fizzling out lately. Has the precious metal been taking cues from its fellow safe-havens? And can the risk-on flows keep forcing gold…
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: Australian Dollar faced challenges as investors returned to the US Dollar. Australian economic data will be crucial for RBA’s policy-tightening decision. RBA internal documents mentioned pressure on domestic tourism and the cost of living. A Chinese official has urged Taiwan’s people to make a “correct choice” in the January 13 presidential and parliamentary elections. Traders reconsider the possibility of rate cuts by the Fed in the first quarter of 2024. The Australian Dollar (AUD) seems to continue the losing streak on Wednesday amid a tepid US Dollar (USD). The commodity-linked Aussie Dollar (AUD) faces downward pressure following the indications…
4/4 © Reuters. Japan Airlines’ A350 airplane is on fire at Haneda international airport in Tokyo, Japan January 2, 2024. REUTERS/Issei Kato 2/4 By Daniel Leussink and Satoshi Sugiyama TOKYO (Reuters) -All 379 people aboard a Japan Airlines (JAL) plane escaped the burning airliner after a collision with a Coast Guard aircraft at Tokyo’s Haneda airport that killed five of six crew on the smaller aircraft on Tuesday. Live footage on public broadcaster NHK showed the JAL Airbus A350 airliner burst into flames as it skidded down the tarmac shortly before 6 p.m. (0900 GMT). Video and images shared on…
straga/iStock via Getty Images The U.S. became the world’s biggest exporter of liquefied natural gas in 2023, with LNG shipments totaling 91.2M metric tons to overtake top suppliers Australia and Qatar, Bloomberg reported Tuesday. Record U.S. production was driven primarily by the return to full service of Freeport LNG after being shuttered for months following a June 2022 fire, adding 6 metric tons, and full-year production from Venture Global LNG’s Calcasieu Pass facility, which tacked on 3 metric tons from 2022 levels. Two new U.S. LNG projects are due to start production this year: Venture Global’s Plaquemines facility in Louisiana,…
In the world of trading, having the right tools and indicators at your disposal can make all the difference. One such powerful tool is the CCI Histogram MT4 Indicator. In this article, we will delve into the intricacies of this indicator, explaining its significance, how it works, and how traders can utilize it to enhance their trading strategies. Understanding the CCI Histogram MT4 Indicator The Commodity Channel Index (CCI) Histogram MT4 Indicator is a popular technical analysis tool used by traders to identify overbought and oversold conditions in the market. Developed by Donald Lambert in 1980, this indicator has stood…
NASDAQ 100, GOLD PRICE (XAU/USD) FORECAST:Gold prices retreat, dragged lower by U.S. dollar strength and rising yieldsThe Nasdaq 100 also loses ground, sinking to an important support areaThis article focuses on the technical outlook for gold (XAU/USD) and the Nasdaq 100, analyzing price action dynamics and market sentiment Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: US Dollar Comes Alive as Yields Fly, Setups on EUR/USD, GBP/USD and USD/JPYGold prices (XAU/USD) retreated moderately on Tuesday, succumbing to rising rates and the commanding resurgence of…
The first day of the year was met with counter trend moves in yields, the USD and stocks. For the yields, the USD was mostly lower in 2023 vs the major currencies. The exception was vs the JPY. The NZD and AUD were near unchanged for the year. Today, the USD is ending as the strongest of the major currencies with gains of over 1% vs the NZD and the CHF leading the way. The greenback moved the least versus the CAD today with a gain of 0.71%. The USD was the strongest of the major currenciesThe runup in the…
Share: Crude Oil initially rose on Tuesday after reports of ongoing ship attacks near Yemen. Economic data continues to soften, souring Crude Oil bids. OPEC production shows an unexpected uptick, further pressuring WTI bids. West Texas Intermediate (WTI) Crude Oil bids fell on Tuesday following a reversal from the day’s early peak near $73.70, sending barrel bids back toward the $70.00 handle as energies markets face downside pressure from multiple fronts. Weekend reports of ongoing attacks on cargo ships in Houthi-rebel-controlled waters off the coast of Yemen sparked a brief rally in Crude Oil bids, bolstered by reports…