Author: FX
EUR/USD, PRICE FORECAST:MOST READ: Oil Price Forecast: WTI Slips as OPEC+ Voluntary Cuts Fail to ConvinceThe Euro continued its slide today falling toward the 1.0850 as the DXX continued its advance in the European and early parts of the US session. The US Dollar for its part appears to be benefitting following comments from Fed policymakers yesterday with the Fed Chair himself scheduled to speak later today. Will we see a bout of volatility ahead of the weekend? Recommended by Zain Vawda How to Trade EUR/USD US MANUFACTURING DATA AND EU DATAThe mix of data released yesterday has kept EURUSD…
Share: Dollar has fallen a little over 3% from its October highs. Economists at ING analyze Greenback’s outlook for the next year. Dollar to turn lower We think the Dollar should be due to a cyclical downturn next year. Barring huge and unexpected risk premia emerging in the currency space, the dominant trend should be US growth converging on the weak levels seen in Europe and Asia, the Federal Reserve embarking on an easing cycle, and the Dollar falling 5-10%. That view does hinge on the Fed being able to cut rates and a clean bullish steepening trend…
Already feeling the holiday blues? If you find that you’re having trouble with your trading mindset today, then this list is for you. Here are my top 10 motivational quotes that can help you step up your trading game. “Every battle is won or lost before it’s ever fought”– Sun Tzu Every trade is a battle and winning battles requires preparation. And since uncertainty is the only thing that’s certain about the markets, you should learn to identify the possible scenarios and prepare contingencies for them. Having plans for every likely scenario increases your chances of closing your trades without losses.…
Gold (XAU/USD) Price, Analysis and ChartsGold hesitates at $2,050/oz. but the outlook remains positive.Fed Chair Powell speaks later in the session. Recommended by Nick Cawley How to Trade Gold DailyFX Economic CalendarMost Read: Gold and Silver Continue to Rally as Buyers Take ChargeGold made an early push today and came within a handful of dollars of printing a fresh 20-month high, but the move lacked conviction in an otherwise quiet market. The US dollar is little changed on the day after pushing higher on Thursday, while US bond yields, a driver of recent price action, are a fraction higher at…
CNX announces executive leadership addition Source link
In the world of Forex trading, having the right set of tools and indicators can make all the difference between success and failure. One such tool that has gained immense popularity among traders is the High Low Channel MT4 Indicator. In this article, we will delve into what this indicator is, how it works, and why it’s an essential tool for both novice and experienced traders. What is the High Low Channel MT4 Indicator? The High Low Channel MT4 Indicator is a technical analysis tool used by traders to identify potential price trends and reversals. It plots two lines on…
Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, S&P 500 Analysis and ChartsFTSE 100 ends the month in positive territoryThe FTSE 100 slid to 7,383 on Thursday before reversing to the upside as inflation continues to weaken in the eurozone. The 55-day simple moving average (SMA) at 7,494 capped and is doing so once more on Friday morning. Once overcome, the 17 November high at 7,516 will be in focus, together with the 7,535 November high.Minor support is found at the 21 November low at 7,446.FTSE 100 Daily ChartDownload our Complimentary FTSE Sentiment Guide of clients are…
© Reuters. A helicopter carrying hostages released amid a hostages-prisoners swap deal between Hamas and Israel arrives at Sheba Medical Center in Ramat Gan, Tel Aviv district, Israel, December 1, 2023. REUTERS/Athit Perawongmetha By Nidal al-Mughrabi and Suhaib Salem GAZA (Reuters) -Israeli warplanes pounded Gaza, sending scores of wounded and dead pouring into hospitals, and rocket sirens blared in southern Israel on Friday as war resumed after a week-old truce ran out with no deal to extend it. As the deadline lapsed, Reuters journalists in Khan Younis in southern Gaza saw eastern areas come under intensive bombardment, sending columns of…
, This article was written by Justin Low at www.forexlive.com. Source link
USD/CAD ANLAYSIS & TALKING POINTSOPEC+ production cuts keep CAD elevated.Canadian jobs report, ISM manufacturing PMI and Fed speak under the spotlight later today.Falling wedge support break under threat.Want to stay updated with the most relevant trading information? Sign up for our bi-weekly newsletter and keep abreast of the latest market moving events! Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter CANADIAN DOLLAR FUNDAMENTAL BACKDROPThe Canadian dollar continues its ascendency against the USD reaching levels last seen in late September. Despite annualized GDP figures significantly missing estimates…