Author: FX
Share: The Mexican Peso holds steady near familiar highs as markets head towards 2024. Mexico’s Jobless Rate figures are due Thursday. A light week on the economic calendar sees only medium-impact data on the docket. The Mexican Peso (MXN) is seeing choppy markets amidst post-holiday volume constraints but sticking close to recent highs as markets continue to lean into rate cut expectations from the Federal Reserve (Fed). It’s a thin showing on the economic calendar for the shortened week heading into the new year, with October’s Mexico Jobless Rate slated for Thursday. The Mexican Peso briefly tested a…
The major European indices have gotten off to a modest positive start in the shortened holiday week of trading. Most of the indices were closed yesterday and also on Monday.Snapshot of the closing levels shows:German DAX, +0.21%France CAC, +0.04%UK FTSE 100 +0.36%Spain’s Ibex +0.10%Italy’s FTSE MIB +0.12%As European traders look to exit, US indices are modestly higher:Dow Industrial Average up 65.32 points or 0.17% at 37610.54S&P index is up 1.04 points or 0.02% at 4775.67 Nasdaq index is up 1.80 points or 0.01% at 15076.22US yields are trading lower.2-year yield 4.262%, -2.7 basis points5-year yield 3.819% -5.4 basis points10-year yield…
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© Reuters. FILE PHOTO: An eagle tops the U.S. Federal Reserve building’s facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo (Reuters) – U.S. banks whose net interest margins (NIM) have been compressed due to higher funding costs are unlikely to see relief before the end of 2024 even if the Federal Reserve cuts rates, research and data analytics firm S&P Global Market Intelligence said on Wednesday. The U.S. Federal Reserve’s interest rate hikes have spurred customers into chasing high-yielding alternatives to bank deposits, such as money market funds. To stem the migration, banks have offered higher rates of interest…
GOLD (XAU/USD) PRICE FORECAST:MOST READ: USD/JPY Price Forecast: Guarded BoJ Leaves Yen on OfferGold prices resumed their ascent following the Christmas break as Geopolitical concerns continue to accelerate. The precious metal rose about 0.7% on the day as safe haven demand continues to grow.Supercharge your trading prowess with tips and tricks to trading Gold! Recommended by Zain Vawda How to Trade Gold LOW VOLUME AND LIQUIDITY MIGHT HAMPER UPSIDEGeopolitical tensions have ratcheted up safe haven appeal from market participants with US data ahead of the Christmas break doing little to offer the US Dollar support. The lack of volume and…
It’s not difficult to admit that people usually begin trading because they want to make money. After all, what’s so bad about wanting to multiply your hard-earned wealth? But is trading really all about the money? As many traders have discovered, trading comes with a lot of non-monetary benefits that are probably just as valuable, if not more so, as potential capital gains. 1. Trading encourages discipline Contrary to the “Get one million pips in a month” ads we’ve seen, trading is far from easy. Just like professional sports and other high-performance careers, trading is a craft that must be…
In the ever-evolving world of online trading, staying ahead of the curve is crucial. Traders constantly seek tools and indicators to gain an edge in the market. One such tool that has garnered significant attention is the Hull Average 2 MT5 Indicator. In this article, we will delve into the depths of this indicator, exploring its features, benefits, and how it can be effectively utilized in the world of financial trading. Understanding Hull Averages Before we dive into the specifics of the Hull Average 2 MT5 Indicator, let’s grasp the concept of Hull Averages. Named after its creator, Alan Hull,…
Share: The US Dollar is trying to bounce up from four-month lows at 1.3185. Oil prices’ recovery and a dovish Fed are weighing on the US Dollar. USD/CAD is in a corrective reaction from oversold levels. The US Dollar is showing a mild recovery attempt after having reached its lowest level since August, at 1.3185. The pair, however, remains under strong bearish pressure on the back of increasing hopes of Fed cuts in 2024 and higher oil prices.The attacks in the Red Sea have forced shipping forms to find alternative routes to oil cargo. Apart from increasing costs,…
I would say that the dovish and hawkish skew for the Fed is taking on less importance than usual in this current setting and will likely be the case as well for next year. As of late, policymakers tend to communicate in a more consistent manner in trying to cement their credibility in the fight against inflation.The first half of next year will still involve that sort of thinking but even as rates are to move lower, we are likely to hear a more uniform message from the Fed. It’s all about guiding markets in the right direction now, so…
Embrace Change Acquisition receives Nasdaq notice for non-compliance Source link