Author: FX
The yen has been in selloff mode ever since the BOJ renewed its dovish stance. Can CAD/JPY keep up its climb from here? Here’s what I’m seeing on the 1-hour frame: CAD/JPY 1-hour Forex Chart by TV Yen pairs popped higher earlier this week when the BOJ refrained from adjusting its current policy and forward guidance. On the flip side, the Loonie managed to rake in some gains after Canada’s inflation reports all came in stronger than expected. Headline CPI rose another 0.1% month-over-month instead of posting the projected 0.1% dip while the median CPI held steady at 3.4% year-over-year.…
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 gains some positive traction on Wednesday, albeit lacks follow-through buying. Bullish Crude Oil prices, along with stronger Canadian CPI, continue to benefit the Loonie. Fed rate cut bets and the risk-on mood undermine the USD and cap the upside for the pair. The USD/CAD pair stages a modest bounce from its lowest level since August 4, around the 1.3330 area touched earlier during the Asian session on Wednesday and recovers a part of the previous day’s Canadian CPI-inspired losses. Spot prices currently trade just below mid-1.3300s, up 0.10% for the day, though any meaningful appreciating move…
In the world of forex and stock trading, having the right tools at your disposal can make all the difference between success and failure. One such tool that has gained significant popularity among traders is the Kolier SuperTrend MT5 Indicator. In this article, we will delve into the intricacies of this powerful indicator, exploring its features, benefits, and how it can help traders make more informed decisions in the financial markets. Understanding the Basics What is the Kolier SuperTrend MT5 Indicator? The Kolier SuperTrend MT5 Indicator is a technical analysis tool designed to help traders identify trends in the market.…
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. Source link
© Reuters. FILE PHOTO: Customers shop clothes at a stall inside a wholesale market in Beijing, China September 8, 2023. REUTERS/Tingshu Wang/File photo By Sophie Yu and Brenda Goh BEIJING (Reuters) – A shift in Chinese retailers’ strategy toward lower-priced goods and services to win cost-conscious consumers risks embedding the country’s recent deflationary trends more permanently into the world’s second-largest economy. Price cuts, the proliferation of bargain stores and companies offering cheaper, scaled-down versions of their products may create a vicious cycle of lower profit margins that curtail wage and job growth and further depress consumer appetite. This stands to…
The British pound is likely see some action very soon with the latest U.K. CPI data right around the corner. Will this be the catalyst that Sterling bears have been looking for to break the floor on GBP/AUD? This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
Strikes on Houthis in Yemen consideredNo decision yet madeI’m surprised the US hasn’t droned some people already. This article was written by Adam Button at www.forexlive.com. Source link
GOLD (XAU/USD) PRICE FORECAST:MOST READ: AUD/USD Price Forecast: Channel Breakout to Keep Bulls in Control?Gold prices found its legs in the US session rising back above resistance at the $2040/oz level. A slightly stronger US Dollar kept Gold bulls at bay in the European session, but ongoing comments from Fed policymakers around rate cuts continue to weigh on the Greenback.Supercharge your trading prowess with tips and tricks to trading Gold! Recommended by Zain Vawda How to Trade Gold SAFE HAVEN APPEAL AND US DOLLAR WEAKNESSGeopolitical tensions have become a key driver this week following developments in the Middle East. The…
The latest U.S. Core PCE Price Index (the Fed’s favorite inflation gauge) is coming this Friday and it tends to be a solid short-term Dollar mover. Here are points you need to consider if you’re planning on tackling this potentially market moving report: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link