Author: FX
Preliminary Jibun / S&P Global PMIs from Japan for November 2023. Manufacturing 48.1, its 6th consecutive month in contractionexpected 48.8, prior 48.7output and new orders fell furtheremployment in the sector fell after falling also in Octobermuted demand citedinput price inflation hit a 27 month low but remains elevated – rising raw material, fuel and labour costs as well as a weak yen all citedServices 51.7 prior 51.651.7 is the second lowest for this for 2023Composite 50.0prior 50.5more to come — Earlier today from Japan:Japan October inflation data remains well above the BOJ’s 2% target This article was written by Eamonn Sheridan at www.forexlive.com.…
In the world of forex trading, staying ahead of the curve is essential. To make informed decisions and maximize profits, traders rely on a myriad of tools and indicators. One such tool that has gained popularity in recent years is the MTF (Multi-Timeframe) Fractal MT5 Indicator. In this article, we will delve into the intricacies of this indicator, exploring its uses, benefits, and how to effectively incorporate it into your trading strategy. Understanding Fractals Before we dive into the MTF Fractal MT5 Indicator, it’s crucial to grasp the concept of fractals. In the realm of mathematics, fractals are complex patterns…
DXY, EUR/USD, GBP/USD PRICE, CHARTS AND ANALYSIS:Most Read: Bitcoin Steady as Coinbase (Coin) Emerges as Winner from Binance Saga Recommended by Zain Vawda The Fundamentals of Trend Trading US DOLLAR FUNDAMENTAL BACKDROPThe US Dollar Index (DXY) has struggled to maintain the upside momentum it gained over the last 2 days. This could in part be down to the Thanksgiving Holiday and we could get a continuation of the recent bounce heading into next week.The US Dollar has struggled on the back of weakening data over the past few weeks as markets continue to grapple with the possibility that Federal Reserve…
Share: GBP/USD hung up near 1.2540 after Thursday spike into 1.2575 The GBP/USD is trading tightly near 1.2540 after seeing a brief tip into a ten-week high on a surprise upside beat in UK Purchasing Managers’ Index (PMI) figures early Thursday. The pair spent the back half of the trading day trading into the middle with money markets seeing a severe decline in overall liquidity and volume with US market shuttered for the day for the US Thanksgiving holiday. Read more… GBP/USD hits ten-week high due to positive UK PMIs The Pound Sterling (GBP) gets some relief and…
5/5 © Reuters. Police officers stand guard near the scene of a suspected stabbing that left few children injured in Dublin, Ireland, November 23, 2023. REUTERS/Clodagh Kilcoyne 2/5 By Conor Humphries and Clodagh Kilcoyne DUBLIN (Reuters) -Three young children were among five people injured in a knife attack in central Dublin on Thursday that police said they had not ruled out any motive over, including whether it could be terror-related. The incident sparked clashes between riot police and a group of anti-immigrant protesters, who arrived on the scene near the main thoroughfare of O’Connell Street shortly after the attack. A…
BITCOIN, CRYPTO KEY POINTS:Bitcoin Remains Below the $38k Mark as Rangebound Trade Continues.Crypto Industry Relatively Calm Despite Record Breaking Binance Fine and New CEO for the World’s Largest Crypto Exchange.Coinbase Appears to be an Unlikely Winner as it Continues to Advance.To Learn More AboutPrice Action,Chart Patterns and Moving Averages,Check out the DailyFX Education Series.READ MORE: Crypto Forecast: Will Bitcoin Have What it Takes to Break the $38k Mark?Bitcoin rallied sharply yesterday after threatening to break support at the 35500 level. Yesterday’s aggressive rebound came within a whisker of the 38000 mark before struggling to break higher today. It seems the…
Gold (XAU/USD) AnalysisGold expected to underwhelm this Thanksgiving weekend amid thin tradingXAU/USD reveals an aversion to trading above $2000 as ceasefire tests safe haven appealUSD and Treasury yields remain a factor as markets lower expectations of rate cuts next yearThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryGold Expected to Underwhelm this Thanksgiving WeekendGold prices rose in early trading but failed to capitalize on the move as activity is expected to remain rather light on this thanksgiving long weekend. In fairness, gold has struggled to…
anaimd/iStock via Getty Images Update 12:30pm on 11/23: Adds Vista Outdoor comment. Vista Outdoor (NYSE:VSTO) rose 3% in after hours trading after Colt CZ Group proposed a business compation that would value Vista at $30 a share. Vista Outdoor holder Colt’s plan includes a $900 million buyback that would be executed post-closing, funded by $600 million of new equity issued at the transaction price and an incremental $300 million of debt, according to a letter Colt wrote to Vista’s board on Wednesday. Colt has a 5.7% stake in Vista, according to its latest 13D filing. The offer from Colt comes…
Morien suspends quarterly dividend in response to uncertainty surrounding Donkin Mine Source link
The major European indices are ending the day higher. The gains were modest.A snapshot of the closing levels shows:German Dax, +0.23%France CAC, +0.24%UK FTSE 100, +0.19%Spain’s Ibex +0.18%Italy’s FTSE MIB, +0.28%For the trading week, most of the indices are on pace for gains with Friday to go. The gains are led by Spain’s Ibex which is higher by 1.48%. The one exception is the UK FTSE which is down marginally:German Dax, +0.47%France CAC, +0.61%UK FTSE 100, -0.28%Spain’s Ibex +1.48%As Europe heads for the exits and market activity dies down with the US on Thanksgiving Day holiday (with equity and bond…