Author: FX

China's manufacturing PMI downturn deepens as factories struggle Source link

SYDNEY (Reuters) – Heavy rains lashed parts of Australia’s east on Monday, triggering flash flooding, inundating roads and bringing more pain for some residents reeling after the intense thunderstorms that hit the region over the Christmas holidays. The northeastern New South Wales and southeastern Queensland regions were pounded by a wild weather system overnight, with several towns taking roughly a month’s rainfall over 24 hours to Monday morning. More heavy rain is forecast until Tuesday morning, with totals set to exceed 250 mm (9.8 inches), more than the January average. “This situation continues to be dangerous and dynamic,” Miriam Bradbury,…

Happy New Year! 2024 promises to be a wild ride for the forex market! From central bank showdowns to political drama, it’s going to be an exciting year trading currencies! Let’s unpack what’s in store for major currencies like the US dollar, euro, yen, and more But first, let’s review how the major currencies fared in 2023. What was the strongest and weakest currency in 2023? Based on MarketMilk’s Currency Strength Meter, the Swiss Franc (CHF) was the strongest currency. And the Japanese yen (JPY) was the weakest currency overall. Who were the winners and losers in 2023? In 2023,…

The technical picture is a little hard to read for the S&P 500 heading into the first quarter of 2024, with immediate resistance resting near the record high around the 4,817 level. Source link

In the world of forex trading, knowledge and strategy are your best allies. Among the many tools at a trader’s disposal, the MACD 4C MT5 indicator stands out as a powerful instrument for technical analysis. This article aims to shed light on the intricacies of this tool, its applications, and how it can empower traders to make informed decisions in the dynamic world of currency exchange. So, let’s dive into the fascinating world of the MACD 4C MT5 indicator. Understanding the MACD Indicator Before we delve into the specifics of the MACD 4C MT5 indicator, let’s first grasp the fundamentals…

Eager to gain a better understanding of where the precious metal’s market is headed in the medium term? Download our Q1 trading forecast for enlightening insights! Recommended by Richard Snow Get Your Free Gold Forecast Gold Review in a Year of Conflicts and Banking StressGold showed just how volatile it can be throughout 2023. The precious metal declined as the dollar and Treasury yields rose in Q3 but reversed course in Q4 when the greenback and yields turned sharply lower. Gold also revealed its allure as a safe-haven asset during the banking turmoil in March as well as the early…

3/3 © Reuters. Israeli military operates near Gaza, amid a temporary truce between Hamas and Israel, in South Israel, November 30, 2023. REUTERS/Alexander Ermochenko 2/3 By Nidal al-Mughrabi, Arafat Barbakh and Dan Williams CAIRO/GAZA/JERUSALEM (Reuters) -Israeli jets intensified attacks on central Gaza on Sunday, residents and medics said, as battles raged through the rubble of towns and refugee camps in a war Israeli Prime Minister Benjamin Netanyahu said would take “many more months” to end. Netanyahu’s comments signal no let-up in a campaign that has killed many thousands and levelled much of Gaza, while his vow to restore Israeli control…

Ingenious Buddy U.S. initial public offerings in 2023 recovered moderately from 2022, but remained muted as the market was constrained by rate hikes, bank failures, and geopolitical turmoil. Some 107 IPOs launched through Dec. 18, 2023 raised $19.4B in proceeds, compared with 71 IPOs that raised $7.7B in 2022, according to Renaissance Capital, a firm that collects and analyzes IPO data. The data excludes IPOs of special-purpose acquisition companies, known as SPACs and closed-end funds. The market is still trying to stabilize after massive monetary and fiscal responses to the pandemic turbo-charged equity markets in 2021. Surging stocks lured closely…

Spirits revenue in the U.S. is slated to increase ~3% in 2024 compared to this year as liquor company CEOs say that despite concerns over inflationary impacts on consumer spending, drinkers still see spirits as an affordable luxury. U.S. sales of spirits is expected to reach $54.9B in 2024, according to Statista. From 2023 to 2028, revenue is expecgted to increase at a 2.85% compound growth rate. Based on sales, vodka and tequila are projected to be the two highest selling spirits in 2024, at, respectively, $12.9B and $11B. Whiskey came in thurd at $10.9B. The biggest sales growth between…

This article zeroes in on the yen’s technical outlook for Q1, 2024. Unlock a more detailed analysis of the Japanese currency’s fundamental profile for the next three months with our free first-quarter forecast. Request the guide now! Recommended by David Cottle Get Your Free JPY Forecast USD/JPY Needs to Retake Resistance at 147.48The preceding quarter saw USD/JPY power up to highs not previously seen since mid-1990, thanks largely to those fundamental, interest-rate differentials. In that context the retreat since has been very modest, but it still means the pair is set to end this three-month period fairly close to where…