Author: FX
FORECAST – GOLD, EUR/USD, NASDAQ 100Gold prices retreat after failing to sustain Monday’s brief bullish breakoutThe Nasdaq 100 also loses ground, dragged lower by the rebound in U.S. Treasury yieldsEUR/USD slides but finds support around its 200-day simple moving average 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 Flies as US Yields Spring Back to Life, Setups on USD/JPY, AUD/USDGold prices soared early Monday during the Asian session, hitting a fresh record just shy of $2,150. However, this bullish explosion swiftly transformed…
monsitj/iStock via Getty Images Investors rushed back into the popular SPDR Gold Shares ETF (NYSEARCA:GLD) with net inflows of more than $1B in November, as gold prices rallied to record highs on expectations that the Federal Reserve could start cutting interest rates as early as March. The $57.8B fund is up nearly 11% this year, but still lags the broader S&P 500, which has jumped nearly 20% YTD. The fund ended November with a 2.5% gain but fell 2.1% on Monday, as Comex gold (XAUUSD:CUR) for February delivery closed -2.3% to $2,042.20/oz after settling Friday at all-time high of $2,089.70…
Global CO2 emissions from fossil fuels to hit record high in 2023 -report Source link
In the fast-paced world of trading, timing is everything. Traders are constantly seeking tools and indicators that can help them predict market reversals and seize profitable opportunities. One such tool that has gained significant attention is the Momentum Reversal Detector MT4 Indicator. In this article, we’ll delve into the details of this indicator, exploring how it works and how traders can effectively incorporate it into their strategies. Understanding Momentum in Trading Before we dive into the specifics of the Momentum Reversal Detector MT4 Indicator, it’s crucial to grasp the concept of momentum in trading. Momentum refers to the speed at…
Data from Stats NZ shows that the seasonally adjusted volume of building activity in New Zealand was $8.6 billion in the September 2023 quarter. This is down 2.4% on the quarter:+10% y/y volume of non-residential building work was down 5.9% q/qvolume of residential building work was down 0.6% q/qFrom the report: “The September 2023 quarter marked the first time since the December 2022 quarter that there was a fall in the volume of non-residential building activity,”NZD/USD little moved by the release. The kiwi $ slumped overnight with the broader move for the US dollar. *** Seasonally adjusted volume estimates remove…
The Bank of Canada (BOC) is about to release their latest monetary policy and interest rate statement! Will they hold off on hiking again and how could CAD traders react? Here are points you need to know if you’re planning on trading the central bank event: 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: Standard & Poor’s 500 index has gained for five consecutive weeks. US Treasury yields rise more than 1% along much of the curve. Friday’s Nonfarm Payrolls report is the primary data release this week. Uber Technologies is set to join the index on December 18. Earnings arrive from Autozone, Nio, GameStop, Broadcom, Lululemon and Dollar General. The S&P 500 index opened lower on Monday following five straight weeks of gains. The index is down 0.6% at the time of writing, while the NASDAQ Composite has lost more than 0.9% and the Dow Jones has receded 0.1%. The…
US DOLLAR FORECAST – USD/JPY AND AUD/USDThe U.S. dollar gains as U.S. yields mount a solid comebackUSD/JPY bounces off trendline support, reclaiming the 147.00 handleMeanwhile, AUD/USD turns lower after failing to take out overhead resistance 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’s Trend Hinges on US Jobs Data, Setups on EUR/USD, USD/JPY, GBP/USDThe U.S. dollar, as measured by the DXY index, staged a bullish turnaround on Monday, bolstered by a solid rally in U.S. yields. Treasury rates have been declining in…
Nuveen Global High Income Fund declares $0.1035 dividend Source link
Hold onto your hats! It’s almost showtime for another interest rate statement from the Reserve Bank of Australia! If you’re gearing up to trade this top-tier event, dive into the market expectations for the December decision. 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