Author: FX
9/9 © Reuters. People react after the release of Palestinian prisoners amid a hostages-prisoners swap deal between Hamas and Israel, in Ramallah in the Israeli-occupied West Bank, November 28, 2023. REUTERS/Ammar Awad 2/9 By Nidal al-Mughrabi, Mohammed Salem and Emily Rose GAZA/JERUSALEM (Reuters) -The handover of more Israeli hostages by Hamas is under way in Gaza, a Palestinian official familiar with the truce efforts told Reuters on Wednesday, the final day of a two-day extension of a truce in the Gaza war. The Palestinian Islamic Jihad movement, an ally of Hamas, said earlier it had handed over several civilian hostages…
OIL PRICE FORECAST:Oil Continues to Advance as Market Participants Eye Further Cuts by OPEC+.Rumors Suggest That There is Still Disagreements Regarding 2024 Quotas Within OPEC+.WTI Faces Technical Hurdles While Retail Traders are Overwhelming long on WTI at Present.To Learn More About Price Action, Chart Patterns and Moving Averages, Check out the DailyFX Education Section.Most Read: What is OPEC and What is Their Role in Global Markets?Oil prices are enjoying a second successive day of gains, up around 1.5% at the time of writing. A lot of the optimism stems from the idea that OPEC+ will announce additional cut at tomorrow’s…
For a comprehensive assessment of the Japanese yen’s medium-term outlook, make sure to download our technical and fundamental forecast! Recommended by Diego Colman Get Your Free JPY Forecast USD/JPY TECHNICAL ANALYSISWhile USD/JPY has been on a major bullish run since the beginning of the year, it has trended lower in recent days following several unsuccessful attempts at clearing overhead resistance in the 152.00 region.After the latest pullback, which has been accelerated by falling U.S. yields, the pair has arrived at the doorsteps of an important floor near 147.25. The integrity of this technical area is vital; failure to maintain it…
The GBPUSD moved above the next upside target at the 61.8% retracement of the move down from the July 2023 high. That level came in at 1.27189. The price moved up to 1.2732 on the break but then backed off and when it did, the buyers turned more to sellers. Traders started to lean against the retracement level once again, and that ultimately led to a move lower. The price low for the day reached 1.26639. The current price is trading around 1.2690. The 61.8% retracement is a 1.27189.If the sellers are to start to exert more control, staying below…
Share: The New Zealand Dollar surges higher following the RBNZ policy meeting on Wednesday. Although the RBNZ left interest rates unchanged, commentary from Governor Orr suggested the possibility of further rate hikes. NZD/USD pushed to a new peak above 0.6200 following the meeting, extending its short-term uptrend. The New Zealand Dollar (NZD) trades higher on Wednesday after rallying following the Reserve Bank of New Zealand (RBNZ) meeting in the early hours. Although the RBNZ left the Official Cash Rate unchanged, the Kiwi rose after RBNZ Governor Adrian Orr said he would not rule out further interest rate hikes…
German CPI, Euro News and AnalysisGerman disinflation marches on – prices rise at a slower rate in NovemberUpward revision to US Q3 GDP upstages the CPI dataEU Inflation data out tomorrow and is expected to reveal further progressInflation in Germany dropped to 3.2% compared to November 2022 and represented a further decline from October’s 3.8% year-on-year print. More notably, the month-on-month decline was 0.4% and sharper than the -0.2 estimate.Customize and filter live economic data via our DailyFX economic calendar Recommended by Richard Snow Introduction to Forex News Trading EU inflation data is due tomorrow with consensus estimates indicating another…
Construction Partners beats top and bottom line estimates; initiates FY24 outlook Source link
You’re like a deer in the headlight staring at your screens, feeling overwhelmed by all the new information and forex market movements. You feel the pressure to perform. You haven’t made a winning trade all week. The bills are due and your checking account is running low. You don’t know what you’re going to do. You’re becoming desperate and you swear to yourself “I’m going to push myself to make some pips.” Unfortunately, the more you tell yourself this, the more stressed and more upset you become. In these situations, it’s natural to feel that you must push yourself to the…
In the world of trading, having the right tools and indicators at your disposal can make all the difference between success and failure. One such tool that has gained popularity among traders is the Bollinger Bands Color MT5 Indicator. In this article, we will delve into the intricacies of this indicator, exploring its features, benefits, and how it can be effectively used in trading. So, buckle up as we take a journey into the fascinating world of Bollinger Bands Color MT5 Indicator. Understanding Bollinger Bands Before we dive into the color aspect of the MT5 Indicator, let’s first understand what…
Earnings To Watch: Zumiez (ZUMZ) Reports Q3 Results Tomorrow Clothing and footwear retailer Zumiez (NASDAQ:) will be announcing earnings results tomorrow afternoon. Here’s what investors should know. Last quarter Zumiez reported revenues of $194.4 million, down 11.6% year on year, beating analyst revenue expectations by 2.3%. It was a mixed quarter for the company, with an impressive beat of analysts’ earnings estimates. However, guidance was below for revenue and EPS. Management called out “continued headwinds facing consumer discretionary spending combined with a heightened promotional marketplace”. Is Zumiez buy or sell heading into the earnings? Find out by reading the original…