Author: FX
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…
Bitcoin (BTC), Solana (SOL) Prices, Charts, and Analysis:Bitcoin – a break above $44.7k brings $48.2k resistance into play.Solana – outperformance continues Recommended by Nick Cawley Get Your Free Introduction To Cryptocurrency Trading The multi-week Bitcoin rally remains intact and is pushing the largest cryptocurrency by market cap to levels last seen in April last year. The spot Bitcoin narrative remains the main driver of positive sentiment, while the technical Bitcoin halving event, expected in mid-April, is supporting the push higher. A decision by the SEC on multiple spot Bitcoin ETF applications is expected by early January and a positive decision…
In the world of Forex trading, success is often determined by the tools at your disposal. Traders are always on the lookout for innovative indicators and strategies that can help them make more informed decisions. One such tool that has been gaining popularity among traders is the AutoFib TradeZones MT4 Indicator. In this article, we will explore what this indicator is, how it works, and why it has become a valuable asset for both novice and experienced traders. Understanding the Forex Market Before we dive into the AutoFib TradeZones MT4 Indicator, let’s take a moment to understand the Forex market…
Share: The Euro has turned higher on a thin pre-Christmas session, yet at levels below 1.1000. Risk appetite has faded on Thursday, increasing pressure on the Euro. The focus is now on the US PCE Price Index for more cues on the Fed’s policy outlook. The Euro (EUR) has turned positive on a thinned pre-holiday trading at Thursday’s European session. The market mood remains negative, with European equity markets in the red and investors cautious ahead of the release of US Personal Consumption Expenditures (PCE) Price Index, due on Friday. European Central Bank (ECB) Vice-President Luis De Guindos has reaffirmed President…
Article by IG Chief Market Analyst Chris BeauchampDow Jones, Nasdaq 100, Nikkei 225 – Analysis and ChartsDow hits an air pocketAfter the huge gains made since the end of October, yesterday’s drop came as a surprise. But with volumes low and newsflow almost absent, it was perhaps not surprising that some profit-taking occurred, although the price continues to hold uptrend support from the lows of October.A close below 37,000 could yet see a move serious pullback develop, though a rally back above 37,500 puts more record highs on the agenda.Dow Jones Daily ChartSee how changes in daily and weekly sentiment…
Warning: LXFR is at high risk of performing badly Source link
By Ross Kerber, Tommy Wilkes and Isla Binnie BOSTON/LONDON/NEW YORK (Reuters) – Sustainable funds faced a sharp slowdown in demand globally in 2023 amid political controversy and concerns about “greenwashing,” even as many outperformed the broader market when the recovery of technology-related stocks bolstered their returns. Environmental, social and governance (ESG) investing boomed in 2020 and 2021 during the COVID-19 pandemic as low oil prices spurred more investors to diversify beyond fossil fuels, and as fund managers sought to appear more climate-conscious. The category started to fall out of favor in 2022 as conventional energy prices soared. Political backlash against…
USD/CAD ANLAYSIS & TALKING POINTSBoC meeting minutes suggest less aggressive stance from the central bank.Canadian earnings & retail sales in focus alongside US GDP.Will USD/CAD respect trendline support once again?Want to stay updated with the most relevant trading information? Sign up for our bi-weekly newsletter and keep abreast of the latest market moving events! Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter CANADIAN DOLLAR FUNDAMENTAL BACKDROPThe Canadian dollar recovery may be fading after last nights Bank of Canada (BoC) summary of deliberations that highlighted the progress…
USD/JPY vs US Treasury 10-year yields (%) daily chartThe post-BOJ bounce sure did not last long as the pair fails to push above the 145.00 mark before the latest retreat. The drop now sees the pair fall to 142.90 and closes in on the 200-day moving average (blue line) at 142.70. A drop below the key technical level will see sellers resume a more bearish bias in search for further downside momentum.The Japanese government has made it quite explicit that they are aligned with the BOJ in waiting on next year’s spring wage negotiations before a potential policy pivot. The…
Share: GBP/USD maintains its position below 1.2650, focus on US GDP data 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 US Dollar (USD) witnessed gains on improved economic data from the United States (US). UK Consumer Price Index (CPI) (YoY) eased at 3.9% from the previous figures of 4.6%, against the expected readings of 4.4% in November. The CPI (MoM) dropped 0.2% MoM in November from a flat 0.0%…