Author: FX
Data from the Reserve Bank of Australia.The housing and business credit numbers leading the way.AUD is getting some love:The Australian dollar is in an interesting spot for 2024 This article was written by Eamonn Sheridan at www.forexlive.com. Source link
In the dynamic world of Forex trading, success is often determined by having the right tools and strategies at your disposal. One such tool that has been gaining significant attention in recent times is the Channel ZZ MT4 Indicator. In this article, we will delve into the intricacies of this indicator, exploring its functionality, benefits, and how it can be a game-changer for traders. So, fasten your seatbelts as we navigate the world of Forex trading with Channel ZZ MT4 Indicator. What is Channel ZZ MT4 Indicator? The Channel ZZ MT4 Indicator is a technical analysis tool used by Forex…
US DOLLAR FORECAST – GOLD PRICES, EUR/USD, GBP/USDThe U.S. dollar, as measured by the DXY index, sinks to its lowest level since early AugustWith U.S. yields biased to the downside and risk-on sentiment in full swing, the path of least resistance is lower for the greenbackThis article focuses on the technical outlook for EUR/USD, GBP/USD and gold, analyzing the main price thresholds to watch in the coming days Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Russell 2000 Rises Toward Key Fibonacci Resistance. Will…
Share: The Pound Sterling (GBP) discovers an interim support near 1.2640 despite the United Kingdom Consumer Price Index (CPI) for November has deepened expectations of early rate cuts by the Bank of England (BoE). The GBP/USD pair is expected to remain volatile as the Pound Sterling has lost its competitive advantage of a longer restrictive policy stance after a sharp decline in inflation. Read More… GBP/USD hovers around 1.2640 during the Asian hours on Thursday, attempting to recover its recent losses registered on Wednesday. The Pound Sterling (GBP) faced a challenge due to downbeat inflation from the United Kingdom (UK). Additionally, the…
JHVEPhoto Takeda (NYSE:TAK) said Chinese regulators have approved its drug Livtencity for the treatment of adults with post-transplant CMV disease. China’s National Medical Products Administration approved the product for the treatment of patients with post-hematopoietic stem cell transplant or solid organ transplant cytomegalovirus infection or disease that is refractory to treatment with ganciclovir, valganciclovir, cidofovir or foscarnet. Chinese regulators granted Breakthrough Therapy Designation for the product in 2021. The product is already approved in US, EU, Canada and Australia. More on Takeda Pharmaceutical Source link
USD/JPY PRICE, CHARTS AND ANALYSIS:Most Read: US Q3 GDP Revised Lower Dragging the Dollar Index Along, Gold Rises Recommended by Zain Vawda How to Trade USD/JPY USD/JPY FUNDAMENTAL BACKDROPUSDJPY resumed its selloff today helped in part by a downward revision to US Q3 GDP. As we speak USDJPY is testing the 142.00 support area with a break below opening up the potential for further downside ahead of the year end.The final Q3 GDP number was revised downward today which showed a slowdown in consumer spending. Other data from the US today also missed estimates with the Philadelphia Fed Manufacturing Survey…
© Reuters. Ukraine’s President Volodymyr Zelenskiy awards a service member on Day of the Ukrainian Armed Forces, amid Russia’s attack on Ukraine, in Kyiv, Ukraine December 6, 2023. Ukrainian Presidential Press Service/Handout via REUTERS/ File Photo (Reuters) – President Volodymyr Zelenskiy said on Thursday that Ukraine was receiving signals that Russia’s military planning and activity were slowing. Zelenskiy, in his nightly video address, said this was noted in a report issued by the HUR military intelligence directorate. “There was a separate report from the HUR,” Zelenskiy said. “The enemy’s plans, the work of the Russian defence (industry). There are signals…
RUSSELL 2000 FORECASTThe Russell 2000 rebounds following Wednesday’s selloffWhile the small-cap equity index appears overbought and prone to a pullback in the near term, the medium-term outlook remains constructiveThis article looks at the Russell 2000’s key technical levels worth watching in the coming days Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: US Q3 GDP Revised Lower Dragging the Dollar Index Along, Gold RisesAfter Wednesday’s selloff, the Russell 2000 rebounded moderately on Thursday, along with the Nasdaq 100 and S&P 500, coming within striking…
It’s the time of year when it’s increasingly difficult to pin down why market moves are taking place. The latest was a drop in the US dollar and surge in US equity futures following GDP, initial jobless claims and the Philly Fed. USDJPY 10 minsThe data itself doesn’t paint that same picture. Initial jobless claims were lower, which is USD positive. The Philly Fed was soft and there were some dovish details in GDP but it’s a stale report at this point. Perhaps the market was focused on the core PCE Q3 number falling to 2.0% from 2.3%, highlighting how…
US GDP Q3 ’23 (FINAL) KEY POINTS:READ MORE: Bitcoin (BTC) Eyes a Fresh Multi-Month High, Solana (SOL) Continues to Outperform Recommended by Zain Vawda Trading Forex News: The Strategy US Q3 GDP has been revised lower to 4.9%, slightly below 5.2% in the second estimate, but matching the 4.9% initially reported in the advance estimate. The estimate released today is based on more complete source data than were available for the “second” estimate issued last month. The downgrade primarily reflected a downward revision to consumer spending. Imports, which are a subtraction in the calculation of GDP, were revised down as…