Author: FX
British Pound – GBP/USD and EUR/GBP Analysis and ChartsECB may slash rates by 150 basis points next year.US Jobs Report the next GBP/USD driver.For all market-moving economic data and events, see the DailyFX CalendarMost Read: Euro (EUR) Latest: Dovish ECB Commentary Weighs on EUR/USD, Yields SlumpInterest rates are set to be slashed in the Euro Area and the US next year as inflation in the two economies looks set to fall further. Current market expectations show the ECB cutting rates by nearly one-and-a-half percentage points from their current 4% level, while the US is seen cutting 125 basis points from…
© Reuters. Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) Simon Stiell speaks during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, November 30, 2023. REUTERS/Amr Alfiky By William James, Kate Abnett and Gloria Dickie DUBAI (Reuters) -Countries at the COP28 climate talks need to stop posturing, aim high and agree on a way to end the “fossil fuel era as we know it”, U.N. climate chief Simon Stiell said on Wednesday, as tension over the future of coal, oil and gas came to the fore. Stiell was speaking as the two-week…
The world of trading can be both exhilarating and challenging. It requires a keen understanding of market dynamics, the ability to analyze data, and the capacity to make quick decisions. The Buy Sell Signal MT4 Indicator is a powerful tool designed to simplify this process and assist traders in making informed decisions. Understanding Buy Sell Signal Indicators What Are Buy Sell Signal Indicators? Buy Sell Signal Indicators are technical tools used in trading to identify potential entry and exit points in the market. They analyze historical price data and generate signals based on predefined criteria. These signals can help traders…
This marks another contraction in UK construction activity with another sharp fall in house building weighing on the overall sector. Meanwhile, employment conditions also declined for the first time in ten months and that alludes to some softening in labour market conditions. But at least purchasing costs saw its steepest decline in 14 years, amid lower raw material prices and falling demand for construction inputs. S&P Global notes that:”A slump in house building has cast a long shadow over the UK construction sector and there were signs of weakness spreading to civil engineering and commercial work during November. Residential construction…
USD/CAD is testing a technical support ahead of the Bank of Canada’s (BOC) monetary policy decision! I don’t know if you noticed but USD/CAD has been having a good December so far, climbing from its 1.3480 lows to reach its current levels just under the 1.3600 mark. And why not? A bit of profit-taking from November’s anti-USD vibes and doubts on the OPEC+ gang’s ability to “rebalance” the oil markets amidst lower growth prospects have pushed the U.S. dollar higher and the oil-related CAD lower. Today’s BOC policy decision could make or break USD/CAD’s December uptrend. This…
Share: Gold prices fell in India on Wednesday, according to data from India’s Multi Commodity Exchange (MCX). Gold price stood at 62,045 Indian Rupees (INR) per 10 grams, down INR 223 compared with the INR 62,268 it cost on Tuesday. As for futures contracts, Gold prices increased to INR 62,509 per 10 gms from INR 62,185 per 10 gms. Prices for Silver futures contracts decreased to INR 75,440 per kg from INR 75,279 per kg. Major Indian city Gold Price Ahmedabad 64,240 Mumbai 64,045 New Delhi 64,140 Chennai 64,210 Kolkata 64,195 Global Market Movers: Comex Gold price attempts…
EUR/USD ANALYSISSharp repricing on ECB rate forecasts keep euro on offer.Euro area retail sales and US jobs data under the spotlight later today.EUR/USD vulnerable to further downside.Elevate your trading skills and gain a competitive edge. Get your hands on the Euro 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 EUR Forecast EURO FUNDAMENTAL BACKDROPThe euro has opened flat this morning after a slew of daily closes in the red. Weak economic data from the euro area including yesterday’s composite and services PMI’s that remain…
Evolent Health prices $350M senior notes Source link
© Reuters. FILE PHOTO: SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. REUTERS/Mike Blake By Danielle Broadway and Lisa Richwine LOS ANGELES (Reuters) -Members of the SAG-AFTRA actors union approved a three-year contract with major studios on Tuesday, formally ending six months of Hollywood labor disputes that halted film and television production. SAG-AFTRA said 78% of those who voted supported the deal with Netflix Inc (NASDAQ:), Walt Disney (NYSE:) Co and other members of the Alliance of Motion Picture and Television Producers (AMPTP). Just 38%…
The Goldman Sachs proprietary “Panic Index” is a two year rolling percent measure across four equity vol metrics. Its sitting basically at zero.Goldman Sachs Group Inc. Managing Director Scott Rubner wrote in a report: there are “no longer any bears left” Add this in also, Goldman’s Sentiment Indicator points to stretched positioning in equities:This from earlier is not something you see at a market bottom either:BMO launches game-changing 4X Leveraged ETNs linked to S&P 500 This article was written by Eamonn Sheridan at www.forexlive.com. Source link