Author: FX

Share: Gold price attracts some follow-through buying for the second straight day on Thursday. The US bond yields and the USD extend the post-FOMC slide, lending support to the metal. The risk-on environment caps gains for the XAU/USD ahead of the central bank bonanza. Gold price (XAU/USD) builds on the overnight solid recovery from the vicinity of the 50-day Simple Moving Average (SMA), around the $1,973 area, or over a three-week low and gains positive traction for the second successive day on Thursday. The previous metal sticks to modest intraday gains heading into the European session and seems…

© Reuters. A man walks past an electric monitor displaying Japan’s Nikkei share average and recent movements, outside a bank in Tokyo, Japan, June 5, 2023. REUTERS/Issei Kato/file photo By Xie Yu HONG KONG (Reuters) – Asian stocks broadly rallied on Thursday morning, after the U.S. Federal Reserve flagged the end of its tightening cycle and struck a dovish tone for the year ahead. U.S. Treasury yields slid to fresh four-month trough, while the dollar continued to slide. MSCI’s broadest index of Asia-Pacific shares outside Japan added 1.6%. Mainland Chinese bluechips edged up by 0.65%, while Hong Kong’s benchmark advanced…

In the fast-paced world of financial markets, traders constantly seek tools and strategies to gain an edge. One such tool that has been making waves is the Trend Reversal MT4 Indicator. In this article, we will delve into the intricacies of this powerful indicator, exploring its features, benefits, and how it can be a game-changer for traders looking to spot trend reversals effectively. Understanding the Basics What Is the Trend Reversal MT4 Indicator? The Trend Reversal MT4 Indicator is a technical analysis tool designed for use in the MetaTrader 4 platform. It is engineered to identify potential trend reversals in…

US DOLLAR FORECAST – EUR/USD, USD/JPY, GBP/USDThe U.S. dollar weakens across the board as the Federal Reserve signals numerous rate cuts for next yearThe FOMC’s dovish policy outlook sends Treasury yields tumblingThis article focuses on the technical outlook for EUR/USD, USD/JPY and GBP/USD in the wake of the Fed’s tentative pivotMost Read: Fed Stays Put, Sees Three Rate Cuts in 2024; Gold Prices Soar as Yields PlungeThe U.S. dollar, as measured by the DXY index, plummeted nearly 0.9% on Wednesday, dragged lower by the massive plunge in U.S. Treasury rates after the Federal Reserve’s guidance surprised on the dovish side,…

The greenback is on the move thanks to the Federal Reserve, creating textbook technical setups across the major USD pairs. With USD volatility likely to stay up for a minute, USD/CAD will be a pair to watch with clean technical setups potentially in play to attract orders this upcoming session. USD/CAD 1-Hour Forex Chart by TradingView Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your fundie homework on the U.S. dollar and the Loonie then it’s time to do some work by checking out the forex calendar and stay…

AppLovin (NASDAQ:APP) executive Victoria Valenzuela disclosed in an SEC filing on Wednesday after the bell a sale of 26,097 shares of the company worth over $965,000. The sales reported 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 14, 2022. Over the past 3 months, there have been 27 total insider trades, with 9 open market buys and 18 seller trades. The number of shares bought under 9 open market buys was 966,308, while 29,398,572 shares were sold under 18 seller trades. SEC filing. Source link

UBS analysts are casting a wary eye across bonds, saying there is likely to be only a modest upside now for both US and global equities. They still are happy with higher quality stocks and bonds in 2024, expecting them to record higher than average growth against a backdrop of slowing economic growth.From the note, in brief:rate of economic growth has been a worry for markets heading into the new year“While we expect rates to come down in 2024, supporting both equity and bond markets, the speed of recent gains is likely to moderate,”most preferred is fixed income, forecasting 10-yr…

Share: The DXY Index declined to 102.90. As expected, the Fed decided to hold rates steady at the 5.25-5.50% range and confirmed that there won’t be any more hikes. Interest rate projections were revised lower, weighing on the US yields and the Greenback. The US Dollar declined to 102.90 after the release of the last monetary policy decision of the Fed. As expected, the bank held rates steady at 5.25-5.50%, and what is driving the currency is that the bank is expecting 75 bps of easing, higher than the last projections. As the US economy confronts cooling inflation…

FOMC INTEREST RATE DECISION KEY POINTSThe Federal Reserve keeps borrowing costs unchanged in their present range of 5.25% to 5.50%, in line with expectationsThe dot plot sees 75 basis points of easing in 2024, a little less than current market pricing but moving in that directionGold and the U.S. dollar take different routes after the FOMC announcement hits the wires Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Nasdaq 100 Consolidates Higher After Breakout. Will the Fed End the Exuberance?The Federal Reserve today concluded…

Costco Wholesale (NASDAQ:COST) is set to report first quarter results on Thursday. Wall Street expects the Washington-based company to report EPS of $3.43, implying a rise of 10.6%, while revenue is expected to rise 6.2% at $57.79 billion. Earlier in September, Costco posted higher-than-expected quarterly profit and sales. The company also reported a Y/Y rise in net sales for the retail month of November, while also delivering an increase in comparable sales. Even though discretionary spending remains limited amid a comparatively weak economy, Costco is benefiting from its loyal customer base flocking to its stores and lower price for everyday…