Author: FX
Share: The S&P 500 is flat around 4,785. Market expectations of 160 bps easing in 2024 by the Fed ignited the flows to stocks in the last sessions. The Index is up by more than 20% in 2023. In Friday’s session, the S&P 500 index stands at 4,785.50 as bullish momentum seems to be flatting in the last trading day of 2023. In that sense, the stock index will close a 24% yearly gain and tallies its ninth consecutive winning week, so downward movements may be on the horizon to consolidate gains. Recently, capital flows were redirected to…
SPX yearlyOh to have a time machine.A look at long-term US equities is a humbling exercise. The index started 1994 at 466, and while it suffered a loss that year, it has since risen 10-fold, paying dividends along the way. That’s an incredible 30-year return.Skip ahead to the final trading day of 2008 — a time I remember well — and the index was at 903 and the world was in a panic. Stocks would bottom that March and have risen 5.2x since in what was a one-way trade until covid hit.The message from this chart is to buy and…
The major US indices are mixed/little changed in early trading. That risk is the eight-week winning streak heading into the last trading day/week of the year.A snapshot of the market currently shows:Dow Industrial Average up 34.18 points or 0.09% at 37744.29S&P index up 1.98 points or 0.04% at 4785.34Nasdaq index -2.30 points or -0.02% at 15092.84.Yesterday Dow Industrial Average closed at a new all-time high close. The S&P index that within about three points of its all-time high closing level at 4796.57. The intraday all-time high price for the S&P is 4818.62.For the trading week:Dow Industrial Average is up 0.92%S&P…
Share: Gold price falls back $2,065 as the impact of deep Fed rate cut hopes start fading away. The Fed is expected to start cutting interest rates from March 2024. Next economic triggers for the Gold price will be US Employment and Manufacturing PMI data. Gold price (XAU/USD) has extended its correction but a consolidation is likely ahead due to thin trading activity. Broadly, the precious metal may continue to remain in the positive trajectory as bets in favour of early rate cuts by the Federal Reserve (Fed) are firming due to easing labour market conditions and a clear downtrend in the…
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: USD/CAD rebounds to near 1.3260, following footprints of the US Dollar. The Fed may start reducing interest rates from March 2024. Lower oil prices due to trade resumption from the Red sea have impacted the Canadian Dollar. The USD/CAD pair jumps to near 1.3260 in the early New York session after recovering from the crucial support of 1.3180. The Loonie asset discovered significant bids after a decent recovery in the US Dollar Index (DXY) and a sheer sell-off in the oil prices. The S&P500 is expected to open on a flat note, portraying a quiet market mood.…
Share: The Euro wavers around 1.1050 in a choppy year-end trading session. Investors bets on Fed cuts in 2024 keep USD buyers in check. US data released on Thursday strengthened the case for a soft landing in Q4. The Euro (EUR) is trading moderately lower on Friday, weighed by a mild US Dollar recovery in a calm pre-holiday session. The pair maintains its broader bullish bias intact, with downside attempts limited well above 1.1000 and is on track to close the year with a 3.3% advance, snapping two consecutive years of decline. The US Federal Reserve’s (Fed) dovish pivot has triggered…
The strongest to weakest of the major currenciesAs the last trading day of the year commences, the CHF is the strongest and the AUD is the weakest. The USDCHF is trading at the lowest level since 2015. The EURCHF is at the lowest level since at least 1972 this weekThe SNB sold foreign currency worth around $45 billion in the 3rd quarter of the year, marking its second-largest forex sale since 2020. This move comes as part of the SNB’s efforts to increase the value of the Swiss franc to mitigate imported inflation. However, with Swiss inflation now within the…
United Community Banks estimates FDIC charge and repositions bond portfolio Source link
In the fast-paced world of Forex trading, staying ahead of the curve is imperative. Traders are constantly on the lookout for tools and strategies that can give them an edge in the highly competitive market. One such tool that has been gaining popularity among traders is the TDI MT4 Indicator. In this article, we will delve into the intricacies of this indicator, explaining what it is, how it works, and why it has become a game-changer for many traders. What is the TDI MT4 Indicator? The TDI (Traders Dynamic Index) MT4 Indicator is a versatile trading tool that combines several…