Author: FX
The AUDUSD continued to move to the upside after yesterday breaking above a ceiling area between 0.6500 and 0.65229. The momentum today took the price through its 50% midpoint of the move down from the July hide to the October low at 0.65824, but fell short of the 200-day moving average of 0.65884. There is some stall as traders leaned against the risk-defining level. I would expect if the moving average is broken, those sellers would turn to buyers – pushing the price higher in the process.For now, however, sellers are leaning against the dual technical levels and looking for…
Share: The US Dollar declined further at the beginning of Thanksgiving week. Economists at UBS analyze Greenback’s outlook. US Dollar to remain around current levels in the months ahead We expect the US Dollar to stay stable in the first months of 2024, due to robust US economic growth and high US interest rates relative to the rest of the world. With a sharp narrowing of yield differentials unlikely over this period, we expect a rangebound US Dollar for the first quarter of 2024 and before the USD resumes its weakening against the Euro, British Pound, Japanese Yen,…
Gold (XAU/USD) Analysis, Prices, and ChartsUS dollar weakness may be put on hold ahead of the Thanksgiving HolidayThe technical set-up for gold looks positive.Learn how to trade gold with our complimentary guide Recommended by Nick Cawley How to Trade Gold DailyFX Economic CalendarTonight’s minutes of the November 1st FOMC meeting will shed some more light on the Fed’s thinking for the months ahead. While the markets have already decided that interest rates have peaked, and will be cut next year, Chair Powell remains reticent to say that the Fed has won its fight with inflation. Chair Powell continues to say…
BeiGene inks $1.33B deal with Ensem Therapeutics for cancer drug Source link
In the fast-paced world of forex trading, having the right tools at your disposal can make all the difference between success and failure. One such tool that has gained immense popularity among traders is the No Repaint Alerts MT4 Indicator. In this article, we will delve into what this indicator is, how it works, and why it is considered a must-have for both novice and experienced traders. Understanding the Forex Market Before we dive into the details of the No Repaint Alerts MT4 Indicator, let’s take a moment to understand the forex market itself. Forex, short for foreign exchange, is…
© Reuters. Ferdinand Marcos Jr. President of the Philippines speaks at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S., November 15, 2023. REUTERS/Carlos Barria/ File Photo By Mikhail Flores and Karen Lema MANILA (Reuters) -The militaries of the Philippines and the United States launched joint patrols on Tuesday in waters near Taiwan, officials of the Southeast Asian nation said, a move likely to fan further tension with China. Security engagements between the treaty allies have soared this year, including a decision to almost double the number of Philippine bases the American military can access, some facing…
GBP/CAD just turned lower after rising by half of its average daily volatility. Is the pair ready for a pullback? Or are the bulls just taking a breather? Source link
Eurostoxx flatGermany DAX +0.1%France CAC 40 -0.1%UK FTSE -0.1%Spain IBEX +0.1%Italy FTSE MIB -0.2%This mirrors the lack of enthusiasm in US futures as well, which are also flattish at the moment. There’s not too much else to work with to start the session, besides the continued weakness in the dollar that is. This article was written by Justin Low at www.forexlive.com. Source link
Share: There still seem to be room for GBP/USD to reach the 1.2580 zone in the near term, note Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: We indicated yesterday that “there is room for GBP to rise further, but any advance is likely to encounter solid resistance near last week’s high, near 1.2505.” We added, “In order to maintain the buildup in momentum, GBP must stay above 1.2420 (minor support is at 1.2440).” GBP stayed above the minor support of 1.2440 (low of 1.2448), rose, and broke above 1.2505…
UpHealth Non-GAAP EPS of $2.92 beats by $3.25, revenue of $32.7M beats by $3.39M Source link