Author: FX

© Reuters. A shopping trolley is pushed around a supermarket in London, Britain May 19, 2015. REUTERS/Stefan Wermuth/File Photo LONDON (Reuters) – Prices charged by British store chains rose at the joint slowest pace in a year and a half in December, an industry group said on Tuesday. The British Retail Consortium said annual shop price inflation held at 4.3%, the same as in the 12 months to November and its weakest since June 2022. The pace of price growth had weakened in each of the previous six months. Food price inflation cooled to 6.7% but non-food inflation rose to…

There aren’t any major expiries to take note of for today. Markets are looking to get settled into the new year, so the resumption and returning flows will be the more important driver this week. That could also see what actually traders are thinking when viewing the macro picture heading into this year. I outlined some food for thoughts here.As such, don’t expect too much impact from the expiries board on the week. For more information on how to use this data, you may refer to this post here. Source link

Happy new year, fellow traders! Ready to start 2024 with a bang? This week is kicking off with no less than the U.S. non-farm payrolls report and the FOMC meeting minutes, so don’t forget to read up. 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: Gold price regains positive traction and stalls its corrective slide from a multi-week top. Dovish Fed expectations and geopolitical risks continue to lend support to the XAU/USD. Rising US bond yields underpin the US Dollar and might keep a lid on any further gains. Gold price (XAU/USD) kicks off the new year on a positive note and reverses a major part of its losses recorded over the past two trading days. The precious metal sticks to its modest intraday gains heading into the European session and currently trades around the $2,075 region, up over 0.50% for the…

Welcome to a brand spankin’ new trading year, errbody! Ready to start your trading year with a bang? We’ve got our eyes on EUR/USD possibly pulling back to a previous resistance zone: EUR/USD 4-hour Forex Chart by TV As you can see, the second half of December has been strong for the euro and weak for the U.S. dollar as more traders price in the Fed possibly loosening its monetary policies sooner than the European Central Bank (ECB) would. EUR/USD, which bounced from the 1.0725 levels, shot up all the way to the 1.1125 area before EUR bears showed up.…

KYIV (Reuters) – Russia launched a drone attack on Kyiv in the early hours of Monday, Ukrainian officials said, with downed drone debris sparking a fire at a residential building in one of the capital’s districts. Kyiv Mayor Vitali Klitschko said on the Telegram messaging app that the loud explosions heard in the city were the work of air defence systems engaged in repelling the attack. Falling drone debris sparked a fire in Desnianskyi district, he added. The district, on the east bank of the Dnipro River is Kyiv’s most populous. Serhiy Popko, head of Kyiv’s military administration, said emergency…

Dr_Microbe/iStock via Getty Images Corcept Therapeutics (NASDAQ:CORT) plummeted 38% in after-hours trading on Friday after a loss in a patent trial with Teva Pharmaceuticals (NYSE:TEVA) over a patent for Cushing’s syndrome drug Korlym. The court found that Corcept (CORT) hadn’t met its burden of proving induced infringement, according to a court ruling late Friday by Judge Renée Marie Bumb of the US District Court for the District of New Jersey. “ORDERED that Teva has not infringed, and that Teva’s making, using, offering to sell, selling, or importing Teva’s generic mifepristone product will not infringe, claims 10–13 of the ʼ214 Patent…

Bitcoin is having a Happy New Year, making a new high from all the way back in April of 2022:Weekly candlesLower rates on the horizon have been supporting all sorts of risk trades. Halving coming not doing it any harm either:Bitcoin, rising in price to over USD50K due to a ‘halvening’ (some call it ‘halving’)And:Goldman Sachs on the scooping up of crypto by institutions in 2023JP Morgan Forecasts Ether to Outperform Bitcoin in 2024: Protodanksharding boost for ETH This article was written by Eamonn Sheridan at www.forexlive.com. Source link

In the ever-evolving world of trading and investing, having the right tools at your disposal is crucial for success. One such tool that has gained popularity among traders is the 3 MA Cross with Alert MTF MT4 Indicator. In this article, we will delve into the intricacies of this indicator, discussing its features, benefits, and how to use it effectively in your trading journey. Understanding Moving Averages (MAs) Before we dive into the specifics of the 3 MA Cross with Alert MTF MT4 Indicator, let’s first establish a fundamental understanding of Moving Averages (MAs). MAs are widely used in technical…

Share: Gold price gains ground near $2,065 during the early Asian session on Tuesday. The US Chicago Purchasing Managers’ Index (PMI) arrived at 46.9 in December vs. 55.8 prior, worse than expected. The chairman of the Chinese Communist Party Xi Jinping made vague comments about supporting the economy. The US S&P Global Manufacturing PMI is due on Tuesday. Gold price (XAU/USD) begins the first trading day of 2024 on a positive note during the early Asian session on Tuesday. The uptick of yellow metal is supported by the softer US Dollar (USD) and the positive development surrounding China’s…