Author: FX
Share: Australian Dollar faces challenges on latest Reuters poll. Australia’s Judo Bank Manufacturing PMI fell to 47.7 from the previous reading of 48.2. Reuters poll showed RBA to maintain unchanged cash rates until March next year. China’s Manufacturing PMI improved to 50.7 against the expected decline to 49.8 from 49.5 prior. US Core PCE Price Index YoY and MoM eased at 3.5% and 0.2%, respectively. The Australian Dollar (AUD) struggles to halt a two-day losing streak post retracing intraday gains on Friday. The AUD/USD pair faces challenges as the latest Reuters poll showed 28 of 30 economists expecting the Reserve Bank of Australia (RBA)…
EUR/USD saw a downswing that stopped riiiight at a key support zone. Is the pair showing us an opportunity to jump on EUR/USD’s uptrend? Let’s take a closer look at the 4-hour chart for clues: EUR/USD: 4-Hour EUR/USD 4-Hour Forex Chart by TradingView First, 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 euro or the U.S. dollar yet, then it’s time to do some work by checking out the forex calendar and stay updated on daily fundamental news! Now, if your research points…
© Reuters. FILE PHOTO: An aerial view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. REUTERS/Tatiana Meel/File Photo By Laura Sanicola (Reuters) – Oil prices fell in early Asian trade on Friday, extending losses after OPEC+ producers agreed to voluntary oil output cuts for the first quarter next year that fell short of market expectations. futures for February fell 14 cents, or 0.2%, to $80.72 a barrel by 0005 GMT. U.S. West Texas Intermediate crude futures fell 12…
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…
In the ever-evolving world of forex trading, success often hinges on access to the right tools and indicators. One such indispensable tool is the Zup Harmonic Pattern MT4 Indicator. This article will delve into the intricacies of this powerful indicator, designed to assist traders in identifying potential market reversals and maximizing profit opportunities. What Is the Zup Harmonic Pattern MT4 Indicator? Before we dive deeper, let’s start with the basics. The Zup Harmonic Pattern MT4 Indicator is a technical analysis tool tailored for the MetaTrader 4 (MT4) trading platform. It is renowned for its ability to recognize harmonic patterns in…
FORECAST – GOLD PRICES, NASDAQ 100, USD/JPYGold prices and the Nasdaq 100 slide after failing to clear technical resistanceFed Chair Powell’s speech on Friday will steal the limelight and could be a source of market volatilityThis article examines the technical outlook for gold prices, the Nasdaq 100 and USD/JPY, analyzing the critical price levels that may come into play in the near term 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 Up but Bearish Risks Grow, Setups on EUR/USD, GBP/USD Before PowellU.S.…
Share: Gold price holds positive ground around $2,040, gaining 0.17% in early Friday’s Asian session. Both the monthly and annual Core Personal Consumption Expenditures Price Index (Core PCE) increased in line with expectations. The futures market is pricing the possibility that the Fed won’t raise rates further in its next meetings. Gold price (XAU/USD) recovers its recent losses near $2,040 during the early Asian session on Friday. The anticipation that the Federal Reserve (Fed) to hold rates steady and perhaps start cutting in 2024 weighs on the US Dollar (USD) and lends some support to the USD-denominated gold.Meanwhile,…
ismagilov Stifel has started coverage of newly public Lexeo Therapeutics (NASDAQ:LXEO) with a buy rating, saying it was bullish on the company’s lead drug candidate LX2006 in the treatment of Friedreich’s ataxia and sees a potential Alzheimer’s therapy getting little credit in the stock’s valuation. Stifel said that Lexeo “checks a number of key boxes,” namely its promising early data, commercially attractive indications with truly unmet needs, experienced management team and several near-to-mid-term catalysts for the stock. “More broadly, we think Lexeo stands to benefit from an increasingly flexible regulatory path in CV gene therapy,” wrote Stifel, adding that Lexeo’s…
PROOF Acquisition Corp I announces intention to transfer to NYSE American upon completion of business combination with Volato Source link
© Reuters. Israel’s President Isaac Herzog attends a meeting with the U.S. Secretary of State (not pictured), in Tel Aviv, Israel on November 30, 2023, following the announcement of an extension of the truce between Israel and Hamas just before it was due to expire. By Alexander Cornwell DUBAI (Reuters) – Israeli President Isaac Herzog on Thursday asked United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan to use his “political weight” to help free all of the Israeli hostages held by the Palestinian militant group Hamas in Gaza. Herzog made the request during a meeting with Sheikh Mohamed…