Author: FX
Japanese Yen News and AnalysisMonth on month Japanese inflation rose at its fastest pace in 10 yearsExtreme short yen positioning yes to be tested during thin, holiday affected tradingUSD/JPY on track for a flat two-day period ahead of Thanksgiving weekendThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryJapanese Inflation Accelerates at its Fastest Pace Over the Last 10 YearsJapanese inflation (headline CPI) rose to 3.3% from the prior 3.0% for the month of September, while the global measure of core inflation (inflation minus volatile items…
In today’s fast-paced financial markets, having the right tools at your disposal can make all the difference in your trading success. One such tool that has gained popularity among traders is the SSL Channel Chart MT5 Indicator. In this article, we will explore what this indicator is, how it works, and how traders can benefit from its insights. Understanding SSL Channels Before delving into the specifics of the SSL Channel Chart MT5 Indicator, let’s first understand what SSL channels are. SSL stands for “Schaff Trend Cycle” and is a technical analysis indicator used to identify trends in financial markets. It’s…
Spencer Platt/Getty Images News Stock index futures were mixed on Black Friday with trading set to end early. Dow futures (INDU) +0.2% were up. S&P futures (SPX) were little changed and Nasdaq 100 futures (NDX:IND) -0.1% edged down. The stock market closes at 1 p.m. ET and the bond market closes at 2 p.m. ET. “The Thanksgiving holiday means it’s been a quiet 24 hours, since US markets were closed yesterday and they’re only open for a half-day today,” Deutsche Bank’s Jim Reid said. “In the meantime, the main story has been an ongoing bond selloff in Europe, mainly thanks…
Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, Nasdaq 100 – Analysis and ChartsFTSE 100 continues to be side-linedThe FTSE 100 continues to be range bound below the 55-day simple moving average (SMA) at 7,505. Despite UK consumer confidence rising in November a negative bias has been seen since the start of the day.While the UK blue chip index stays above Tuesday’s 7,446 low, it remains within a gradual uptrend, targeting last Friday’s 7,516 high. If overcome, the current November peak at 7,535 will be eyed ahead of the 200-day simple moving average (SMA) at 7,589.Below Tuesday’s…
© Reuters. The Reserve Bank of India (RBI) has directed Bajaj Finance to halt certain loan services due to non-compliance with digital lending guidelines, particularly concerning Know Your Customer (KYC) Feature Specification (KFS) documentation. In response, Bajaj Finance has committed to swift action to address the issues highlighted by the RBI. Analysts predict that if Bajaj Finance can resolve the matter within six weeks or less, the impact on the company’s profitability will be minimal. Following the announcement, Bajaj Finance’s stock initially fell but recovered to close at Rs 7,366 per share. A report from Jefferies indicates that there could…
EUR/USD ANALYSISMixed euro area inputs are providing no firm guidance as to the path forward.German Ifo business climate report and ECB officials under the spotlight.EUR/USD consolidating in anticipation of fundamental catalysts.Elevate your trading skills and gain a competitive edge. Get your hands on the Euro Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar. Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL BACKDROPThe euro appreciated against the USD on Thanksgiving Day yesterday after eurozone PMI data showed some improvements despite remaining below the 50 threshold that delineates contraction from…
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…
We’re keeping things simple with a textbook trend trade on EUR/CAD. How high can EUR/CAD fly in the next trading sessions? We’re checking out the pair’s 4-hour chart for clues: EUR/CAD 4-Hour Forex Chart by TradingView First, remember that directional biases and volatility conditions in trading are also driven by FUNDAMENTALS. If you lack a fundamental-based price outlook for EUR/CAD, it’s time to do some digging by checking out the forex calendar and stay updated on daily fundamental news! If your research has pointed you to EUR/CAD extending its months-long uptrend, then you’ll want to take a closer look at…
Share: USD/CHF could register losses on the less likelihood of Fed interest rate hikes. Swiss Franc could lose ground as SNB reduced foreign currency reserves to a seven-year low. Improved US Treasury yields attempt to push the US Dollar into positive territory. USD/CHF moves sideways after two days of minor gains, bidding near 0.8840 during the Asian hours on Friday. The US Dollar (USD) receives downward pressure as the market participants put their bets on the likelihood of no additional interest rate hikes by the Federal Reserve (Fed), potentially weakening the USD/CHF pair. The Swiss Franc (CHF) could…
5/5 © Reuters. FILE PHOTO: People set up a carpet on a rooftop overlooking the old town of Dali with Cangshan mountain in the background, in Yunnan province, China November 9, 2023. REUTERS/Florence Lo/File Photo 2/5 By Laurie Chen DALI, China (Reuters) – In this mountain town in China’s southwest, drifters and tarot card readers rub shoulders with tech entrepreneurs and artists. Many are former city-dwellers in search of an elusive prize in authoritarian China: Space for open discussion and exchange of ideas. In one co-working space, a group of young adults asked questions about the effect of Trump-era populism…