Author: FX
Share: Gold price holds positive ground near $2,025 amid lower US Treasury yields. The November ADP private payrolls climbed 103,000 vs. 106,000 prior, weaker than market expectations. A pessimistic China’s economic prospects could weigh on commodity sentiment and gold price. Traders await the Chinese Trade Data, US weekly Jobless Claims, due later on Thursday. Gold price (XAU/USD) manages to hold above the $2,000 psychological support level during the early Asian session on Thursday. The anticipation that the Federal Reserve (Fed) will cut the interest rate in March 2024 lends some support to the yellow metal. At press time,…
CRUDE OIL PRICE OUTLOOKCrude oil prices (WTI) plunge into freefall, breaking below the psychological $70.00 levelThe technical outlook remains bearish for nowThis article looks at oil’s key price thresholds to watch in the coming days Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: US Dollar Price Action Setups – USD/CAD Tepid After BoC Decision, USD/JPY WaversCrude oil prices, as measured by WTI futures, plummeted on Wednesday, falling for the fourth straight session and reaching the lowest level since late June. Factoring in today’s precipitous…
C3.ai Non-GAAP EPS of -$0.13 beats by $0.05, revenue of $73.23M misses by $1.1M Source link
We’ve got a simple technical setup heading to the watchlist, this time a longer-term setup developing on oil! Will the market reach a MAJOR area of support and will buyers defend it? WTI Crude Oil (CFD): Daily WTI Crude Oil Daily Chart by TradingView As always, remember that directional biases and volatility conditions for market price are typically driven by fundamentals. And if you haven’t done your fundie homework on the oil yet, then it’s time to do some work by checking out the forex calendar and daily fundamental news for oil price drivers like inventory updates, OPEC news, and…
© Reuters. A general view of a round table on the commercialisation of Hydrogen at the United Nations Climate Change Conference COP28 in Dubai, United Arab Emirates December 5, 2023. REUTERS/Amr Alfiky By William James, Kate Abnett DUBAI (Reuters) -There’s an unprecedented deadlock at this year’s COP28 U.N. climate summit over who will host next year’s event. The conference’s opening days saw scant reference to COP29, unlike in previous years, when speakers usually namecheck the next COP presidency to show that the world’s climate fighting strategy is mapped out for years to come. By this stage, the next host is…
Bitcoin takes a breather with key resistance resting at the $45k mark. Will Bitcoin experience a significant pullback as option markets hint at a push toward the $50k handle? Source link
Ready for another NFP Friday, fellas? Here’s what you need to know about the November U.S. employment update and how USD pairs may react. 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
AUDUSD is back below it 200-day moving averageThe AUDUSD pair experienced a notable uptrend in the early hours of the Asian-Pacific trading session today. During this period, the currency pair managed to break above a significant technical threshold, the 200-day moving average, positioned at 0.65773. This movement initially indicated a potential shift in market sentiment favoring the bulls.However, the momentum proved to be short-lived. Following the initial breakthrough, the AUDUSD exhibited considerable volatility, alternating between rises above and falls below the 200-day moving average. This pattern of fluctuation reflects a lack of decisive momentum from both buyers and sellers, creating…
Share: Mexican Peso stages a comeback as the USD/MXN breaks key support at the 100-day SMA, eyeing 17.00. Mexico’s Consumer Confidence improved the most since 2019. US ADP Employment Change was softer than expected, weighed on the US Dollar. Mexican Peso (MXN) gains traction against the US Dollar (USD) as the soft-landing narrative takes place in the financial markets. Expectations for rate cuts by major central banks next year sent global bond yields into a tailspin, while the Greenback (USD) remains firm. Nevertheless, the USD/MXN is trading at 17.24 below its 100-day Simple Moving Average (SMA), posting daily…
BZAM to acquire Final Bell's Canadian operation for 1/3 of its stock Source link