Author: FX
Share: EUR/USD hits 18-week high on Friday. Pre-holiday markets are producing some rough chop heading towards the Friday close. Slowing US inflation is pushing down the Greenback as markets bet on rate cuts. The EUR/USD climbed into an 18-week high at 1.1040 before slipping back towards 1.1000 as markets wind up operations before heading into the holiday break. US inflation missed the mark on Friday, printing below expectations and keeping investor expectations of Federal Reserve (Fed) rate cuts accelerating in 2024. Read More: US PCE inflation softens to 2.6% from a year ago vs. 2.8% expected US Personal…
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…
Here are the key points on key topics from White House National Economic Council Director Brainard:Focus on Red Sea AttacksThe Biden administration is very focused on the attacks in the Red Sea due to the importance of shipping lanes.Suez Canal ShippingBrainard does not expect a significant impact on holiday shopping products from potential diversions of vessels from the Suez Canal to the Cape of Good Hope.Monitoring Red Sea SituationThe situation in the Red Sea is being closely monitored, with discussions ongoing with ocean shippers, industry, and regional countries to ensure freedom of navigation.U.S. Economy and Job Market ResilienceBrainard acknowledges the…
Share: USD/JPY sees late rally, jumps to 142.60. The US Dollar is paring back the day’s losses as the Yen declines. US inflation continues to erode faster than expected. The USD/JPY is rallying into new highs on Friday as the US Dollar (USD) tries to pare back some of the day’s losses coupled with a broad-market weakening of the Japanese Yen (USD) as markets get set to wrap up the last day of trading before the holiday break and the last full trading week of 2023. The Yen saw an early bump on Friday after Japanese National Consumer…
US DOLLAR OUTLOOK– EUR/USD, GBP/USD, GOLD PRICESThe U.S. dollar, as measured by the DXY index, falls to its weakest point in nearly five monthsWith U.S. bond yields on a downward trajectory and market exuberance on full display on Wall Street, further losses could be in stored for the greenback heading into the last week of 2023This article examines the technical profile for EUR/USD, GBP/USD and gold, analyzing major price thresholds that could be relevant for the retail crowd Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter…
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: The Mexican Peso hit a 15-week high against the US Dollar on Friday. Mexico’s unadjusted Trade Balance hit a nine-month high in November. Friday marks the last trading day before the holiday break. The Mexican Peso (MXN) rallied to a fresh 15-week high on Friday as the broader market took one last opportunity to sell off the US Dollar (USD) heading into the extended holiday weekend. Mexico’s unadjusted Trade Balance in November beat market expectations and improved to a nine-month high of 630 million in US Dollar terms. However, market impact is likely limited after the seasonally…
First Trust Nasdaq Oil & Gas ETF declares quarterly distribution of $0.2166 Source link
Share: The GBP/USD is on the high side amidst some rough chop in the US market session, holding above the 1.2700 handle the pair reclaimed during the European trading window after the UK reported better-than-expected Retail Sales in November. Read More… The Pound Sterling (GBP) extends its recovery on Friday, supported by upbeat UK Retail Sales data for November. The Office for National Statistics (ONS) reported that households’ retail spending surprisingly remained positive compared with the previous year, while market participants projected a sharp decline. Strong Retail Sales were boosted by a 2.8% increase in non-food retail stores as major discounts were offered…
Share: The GBP/USD is holding on the high side after US PCE inflation settled further on Friday. UK Retail Sales grew in November, Pound Sterling bidders shrug off UK GDP QoQ decline. US Dollar flows are decidedly bearish, propping up the broader market. The GBP/USD is on the high side amidst some rough chop in the US market session, holding above the 1.2700 handle the pair reclaimed during the European trading window after the UK reported better-than-expected Retail Sales in November. Read More: UK Retail Sales rise 1.3% in November, Q3 GDP growth revised lower to 0.3% UK…