Author: FX

© Reuters. United Arab Emirates Minister of Industry and Advanced Technology and COP28 President Sultan Ahmed Al Jaber speaks during a press conference at the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 4, 2023. REUTERS/ By Valerie Volcovici and David Stanway DUBAI (Reuters) -COP28 President Sultan al-Jaber urged countries on Friday to get out of their comfort zones and work together to reach agreement before the two-week summit ends. “Let’s please get this job done,” he said, opening a plenary session as the summit entered its toughest phase of negotiations. “I need you to step…

AUD/USD ANALYSIS & TALKING POINTSRBA Brischetto lauds Australians, AUD bid.Will NFPs echo recent ADP employment change?AUD/USD patiently awaits NFP data.Elevate your trading skills and gain a competitive edge. Get your hands on the AUSTRALIAN DOLLAR Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar. Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROPThe Australian dollar followed improving risk sentiment this Friday as markets dismissed fears of the upcoming Non-Farm Payrolls (NFP) report (see economic calendar below). Misses ADP employment change and flat jobless claims could have been contributing…

CHF/JPY dropped sharply earlier this week, enough to hit a key support zone. Can the pair maintain its long-term trend? Or will we see a breakout today? It’s a battle of the safe havens today as we check out what’s up with CHF/JPY’s daily chart! CHF/JPY Daily Forex Chart by TradingView I don’t know if you’ve noticed but CHF/JPY has been trading in an observable uptrend all the way back in 2020. Before we act on that tidbit, we must remember that directional biases and volatility conditions for market price are typically driven by fundamentals. If you haven’t done your…

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: Indian Rupee edges lower amid the cautious mood. The Reserve Bank of India (RBI) is expected to maintain the status quo on the benchmark policy rate. RBI interest rate decision and the US Nonfarm Payrolls (NFP) report will be the highlights on Friday. Indian Rupee (INR) trades on a softer note on Friday as investors turn cautious. Nonetheless, the decline in crude oil prices and foreign inflows might limit the INR’s downside. The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting began on Wednesday, and RBI Governor Shaktikanta Das will unveil the fifth monetary policy…

Justin Sullivan/Getty Images News Energy market observers warn the impact on Chevron (NYSE:CVX) could be significant if Venezuela’s President Maduro follows through on his threats to annex the disputed Essequibo oil-rich region from neighboring Guyana, Bloomberg reported Thursday. The Biden administration reiterated its “unwavering support” for Guyana’s sovereignty and said it will conduct flight operations within Guyana that “build upon routine engagement.” If Maduro’s threats become more than mere saber rattling, the U.S. likely would reinstate sanctions and revoke a special license that allowed Chevron (CVX) to resume operating in Venezuela, analysts said. Oilfields off the Guyana coast that Chevron…

In the world of forex trading, precision and accuracy are paramount. Traders are constantly seeking tools and strategies to help them make informed decisions and maximize their profits. One such tool that has gained popularity among traders is the Murrey Math MT4 Indicator. In this article, we will delve into the intricacies of this indicator, exploring its origins, its mathematical foundations, and its practical applications in the world of trading. What is the Murrey Math MT4 Indicator? The Murrey Math MT4 Indicator, also known simply as Murrey Math, is a technical analysis tool used by forex traders to identify potential…

GOLD, YIELDS, US DOLLAR, NASDAQ 100 FORECASTGold prices, Treasury yields, the U.S. dollar and the Nasdaq 100 will be quite sensitive to the November U.S. nonfarm payrolls report, as jobs data can have a direct impact on market pricing of the Fed’s policy pathStrong employment growth will be bullish for yields and the U.S. dollar, but negative for gold and the Nasdaq 100Weak job creation is likely to be bearish for rates and the greenback, but positive for precious metals and tech stocks Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the…

© Reuters. FILE PHOTO: A plant decorates the booth of Australian petroleum exploration and production company Woodside Energy during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 13, 2023. REUTERS/Chris Helgren (This Dec. 7 story has been corrected to say 16 million tons per year, not 60 million tons, in paragraph 8) By Scott Murdoch, Emily Chow and Lewis Jackson SYDNEY (Reuters) – Australia’s Woodside (OTC:) Energy and Santos said on Thursday they were in preliminary talks to create an A$80 billion ($52 billion) global oil and gas giant, as consolidation among international energy firms intensifies.…

Its that time again for traders of futures, specifically US equity index futures for this post.The ‘Roll’ date is approaching. Via the CME website (in summary, there is more at the link):Equity products roll date is the Monday prior to the third Friday of the expiration month.The third Friday of this month is on the 14th, which makes the rollover officially on Monday the 11th. An alternative way of deciding when to roll is to check the volume of the current contract against the next, ie. December vs. March in this case. Once March trading volumes are greater than December…