Author: FX

The S&P 500 couldn’t increase the gains much this week despite a less hawkish Fedspeak and increased rate cuts expectations. One good reason might be the weakening of US data, especially on the labour market side, as we have also seen recently in the details of the US Consumer Confidence report. Historically, the sustained rise in the unemployment rate is bearish for the stock market. S&P 500 Technical Analysis – Daily TimeframeS&P 500 DailyOn the daily chart, we can see that the S&P 500 began to lose some steam as it approached the cycle high at 4607. We might start…

We’re taking another look at the New Zealand dollar today, this time against the U.S. dollar. Will the remaining U.S. data releases reinforce soft landing and/or Fed interest rate cut bets in the next trading sessions? Let’s check out NZD/USD’s 15-minute charts setup while we wait for the catalysts: 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: Gold price oscillates in a narrow trading band through the early European session.  A further USD recovery from a multi-month peak acts as a headwind for the metal. Fed rate cut bets and China’s economic woes might continue to offer some support. The US PCE Price Index should provide some meaningful impetus to the XAU/USD. Gold price (XAU/USD) struggles to gain any meaningful traction through the early European on Thursday and consolidates its recent strong gains to its highest level since May 5 touched the previous day. Traders now seem reluctant and prefer to wait for the…

Carlyle Credit Income Fund declares $0.0994 dividend Source link

© Reuters. Kim Yo Jong, sister of North Korea’s leader Kim Jong Un, arrives at the Vostochny Сosmodrome before a meeting of Russia’s President Vladimir Putin with North Korea’s leader Kim Jong Un, in the far eastern Amur region, Russia, September 13, 2023. Sputnik/ By Hyonhee Shin SEOUL (Reuters) -North Korea said it would never negotiate its sovereignty with the United States, criticising Washington as “double-faced” for offering talks while ramping up military activities in the region, state media KCNA reported on Thursday. Kim Yo Jong, the powerful sister of North Korean leader Kim Jong Un and a senior official,…

Lloyds Bank Business Barometer measure of confidence hit 42 in November from October’s 39highest since February 2022long run average is 28Firms cite optimism on the economy and their own trading outlookLloyds comment:”We’ve also seen a real turnaround in sentiment for manufacturers, with business confidence at a five-month high, reflecting the expectation among many firms that interest rates have now peaked and may begin to fall next year,””Our data (is) continuing to show that firms are still safeguarding their profit margins in response to past rises in interest rates, wage increase pressures, and the prospect of higher energy prices again this…

In the fast-paced world of financial markets, traders are always on the lookout for tools that can help them make more informed decisions and ultimately secure profitable trades. Among the plethora of technical indicators available, the Envelopes MT4 Indicator stands out as a valuable ally. In this article, we will explore what this indicator is, how it works, and how you can leverage its power to enhance your trading strategy. Understanding Envelopes MT4 Indicator The Envelopes MT4 Indicator is a versatile technical tool that can provide valuable insights into price movements in the financial markets. It is primarily used to…

Share: The USD/JPY is testing the 147.00 handle ahead of Japan’s latest Retail Sales print. Markets are forecasting a slight uptick in annualized Retail Trade in October. China’s NBS Manufacturing PMIs due early in Asia session, to highlight market action. The USD/JPY drifted lower in the back half of Wednesday’s trading session after hitting an intraday peak just above 147.80. The pair closed out the midweek session near where it started, close to the 147.00 handle. Japan’s Retail Trade figures are due early in the Pacific trading session, and markets are forecasting a slight uptick in retail trade,…

Gold has had a monster run against the Greenback in November, but is the top in place ahead of the turn of the month? XAU/USD 1-Hour Forex Chart by TradingView U.S. dollar weakness has been the story of November, lifting Dollar denominated assets like gold, which is now up over a solid 3% since the end of October. But the $2,050 level could be the top for gold for now, as we do see a potential double top chart pattern forming on the one hour chart above. Will this draw in sellers and/or end-of-month profit takers? Remember that directional biases…

Mawaddah Fauziah/iStock Editorial via Getty Images Sea Limited (NYSE:SE) shares fell more than 6% on Wednesday after a report suggested that TikTok, owned by Chinese tech conglomerate ByteDance (BDNCE), is attempting to go after the Indonesian e-commerce market. TikTok would be able to freely collaborate with any e-commerce platforms as long as it abides by applicable rules in Indonesia, state news agency Antara reported, citing Deputy Minister of Trade Jerry Sambuaga. “Earlier, TikTok did not conform to rules and did not have a permit (as an e-commerce platform). Once it has the permit, it can collaborate with anyone as long…