Author: FX

3alexd/iStock via Getty Images Canada will issue new rules this week, requiring all new passenger cars sold in the country to be zero emissions by 2035, according to multiple media reports. The rules, which Canadian public broadcaster CBC said could be released as soon as Tuesday, will shorten wait times for EVs and ensure enough affordable zero-emission vehicles are available to meet the demand. According to the regulations, the Electric Vehicle Availability Standard, automakers can earn credits based on how many low- and zero-emission vehicles (ZEVs) they sell. They can also earn credits by supporting the buildout of EV charging…

© Reuters. People watch a TV broadcasting a news report on North Korea firing what appeared to be a long-range ballistic missile, at a railway station in Seoul, South Korea, December 18, 2023. Yonhap via REUTERS By Soo-hyang Choi and Kantaro Komiya SEOUL/TOKYO (Reuters) -North Korea fired an intercontinental ballistic missile on Monday that has a range to hit anywhere in the United States, said South Korea and Japan, marking its second launch in hours as Pyongyang condemned a U.S.-led show of force as “war” moves. The missile has a potential to travel more than 15,000 km (9,300 miles), meaning…

We’ve got a couple more major central banks scheduled to make their rate statements this week, plus a fresh batch of inflation readings and consumer spending data! Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the calendar this week: 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

Share: GBP/USD regains positive traction and stalls its retracement slide from a multi-month peak. The BoE’s hawkish outlook continues to underpin the GBP and acts as a tailwind for the pair. The USD fails to build on Friday’s bounce from over a four-month low and also lends support. The GBP/USD pair attracts some dip-buying around the 1.2655 area during the Asian session on Monday and for now, seems to have stalled its retracement slide from the vicinity of the 1.2800 mark, or a near four-month peak touched last week. Spot prices climb to a fresh daily high, around…

In the fast-paced world of Forex trading, staying ahead of market trends is crucial for success. Traders are always on the lookout for tools that can provide accurate signals and insights into the dynamic currency exchange market. The TrendSignal MT4 Indicator is one such tool that has garnered significant attention among traders. In this article, we will explore the ins and outs of this powerful indicator, how it works, and why it is considered a must-have for Forex enthusiasts. Understanding Forex Indicators Before delving into the specifics of the TrendSignal MT4 Indicator, let’s first establish a fundamental understanding of what…

© Reuters. A Chilean Navy officer stands guard next to voting booths before the constitutional referendum which will be held on December 17, in Valparaiso, Chile, December 15, 2023. REUTERS/Rodrigo Garrido By Alexander Villegas and Natalia A. Ramos Miranda SANTIAGO/VALPARAISO, Chile (Reuters) -Chileans on Sunday rejected a new conservative constitution to replace its current text that dates back to the Augusto Pinochet dictatorship. With 90.16% of ballot boxes tallied, a total of 55.68% Chileans rejected the new text while 44.32% voted in favor of it. This is the second draft constitution in as many years that voters have rejected to…

metamorworks BTIG sees increased stability for the medtech sector in 2024 as it moves past concerns about the impact of GLP-1 weight-loss drugs, supply chain snarls, and higher interest rates. “With GLP-1 fears cast aside, we think MedTech is poised to have a better year in 2024 on the back of a stable-to-improving environment,” BTIG analysts wrote in a note released on Friday. While the sector may not realize the growth seen in 2023, which was helped pandemic-related pent-up demand, it should see improvements in P&L and supply chain management along with decreased headwinds from inflation and pricing. Despite this,…

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…

Justin Sullivan Elon Musk, chief executive of electric-car pioneer Tesla (NASDAQ:TSLA), on Saturday said oil and gas shouldn’t be shunned in the medium term but it is important to cut carbon emissions to address climate change. “I don’t think we should demonize oil and gas,” he said. “It will take several decades to become sustainable. I think if we, without getting too worried about it, seek to have a sustainable energy future gradually, then that’s what will happen.” He spoke in Rome at a gathering of conservatives organized by Italian Prime Minister Giorgia Meloni’s Brothers of Italy party. “Climate change…

Our FX strategists discussed more short-term scenarios, with arguably 3 out of 4 discussions being helpful with navigating a challenging environment. Source link