Author: FX

© Reuters. FILE PHOTO: Passengers watch a TV broadcasting a news report on North Korea firing a space rocket, at a railway station in Seoul, South Korea, August 24, 2023. REUTERS/Kim Hong-Ji/File photo SEOUL (Reuters) – North Korea appears to be preparing for its third attempt this year at launching a reconnaissance satellite, a move that may prove as controversial as the nuclear-armed country’s weapons tests. Earlier attempts on May 31 – North Korea’s first such launch since 2016 – and Aug. 24 ended in fiery failures when its new Chollima-1 rockets crashed into the sea. North Korea has notified…

Reserve Bank of Australia November meeting minutes, Headlines via Reuters: Considered case for raising rates or holding steadyBoard saw “credible case” that a rate rise was not needed at this meetingBut judged case for hiking was the stronger one given inflation risks had increasedWhether further tightening required would depend on data, assessment of risksSaw risk that inflation expectations could increase if rates were not raisedImportant to prevent even a modest further increase in inflation expectationsGrowing mindset among businesses that cost increases could be passed on to customersNoted staff forecasts for inflation at meeting assumed one or two more rate risesBoard…

In the fast-paced world of financial markets, traders are always on the lookout for tools and indicators that can help them make informed decisions and maximize profits. One such tool that has gained popularity among MetaTrader 4 (MT4) users is the “3 Bars High Low” MT4 indicator. In this article, we will delve into the intricacies of this indicator, exploring its features, applications, and how it can be integrated into your trading strategy. Understanding the 3 Bars High Low MT4 Indicator The 3 Bars High Low MT4 indicator, often referred to as H1, is a technical analysis tool used by…

Share: Nataxis research is out with a note detailing how long-running supply and demand imbalances in the Eurozone are going to keep rates higher for longer than most markets are currently expecting. The state of supply and demand for goods and services in the eurozone In the recent period (since the start of 2023), insufficient demand has been cited more as a factor limiting the eurozone’s industrial production. But if we look at services, construction and the eurozone economy as a whole, it is still massively in a situation of excess deman for goods services, and labour, with…

A-Mark Precious Metals's board authorizes increase in its share buyback program Source link

BITCOIN, CRYPTO KEY POINTS:READ MORE: Oil Price Forecast: Recovery Continues as Expectations for OPEC Cuts GrowBitcoin prices continue to hold the high ground but the $38k level remains a stumbling block. The rumors that an ETF approval would come by the November 17th failed to come to fruition with Bloomberg ETF analyst James Seyffart commenting that we may not get any approval until January. Surprisingly Bitcoin has remained resilient in the face of what many perceive as the SEC looking for any reason to delay their decision. Recommended by Zain Vawda Get Your Free Bitcoin Forecast BITCOIN SPOT ETF DELAY…

CAD/CHF hits the watchlist after a solid downside break and ahead of a potential spike in volatility for the Loonie. What setup for the bears made it to the watchlist, and what bullish pattern is poppin’ up that may draw in short-term bulls? CAD/CHF 4-Hour Chart by TradingView Directional biases and volatility conditions in trading are typically driven by fundamentals. If you lack a fundamental-based price outlook for CAD/CHF, it’s time to some digging. Check out the forex calendar and stay updated on daily fundamental news! Now, if you’ve already done your homework and you have an expectations of the…

JERUSALEM (Reuters) – Israel on Monday released security camera footage from Oct. 7, which shows Hamas gunmen who crossed into Israel chase people from an outdoor music festival, with one seen executing a woman at point-blank range. Israel is seeking to fend off international criticism for its response to the Hamas rampage, which sparked a devastating war in Gaza. Despite mounting calls for a ceasefire, Israel has said it will push on with its campaign until Hamas is eradicated. “This is a war between good and evil,” said a post shared on social media with the video footage by an…

OIL PRICE FORECAST:Oil Recovery Now Up 7%+ from Last Week’s Lows with $80 a Barrel Now in Sight.Speculation Continues to Mount Around Further Supply Cuts from OPEC+ as the Organization Meets Later this Month.Technical Hurdles Ahead May Prove Insignificant as Sentiment and OPEC Concerns Keep Bulls Interested.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 have continued their strong recovery from last Friday with gains of around 2.7% at the time of writing. Friday saw the rally begin largely…

Greetings, fellow Loonie traders! Canada is set to release a fresh set of CPI data on Tuesday, which may significantly impact sentiment on the Bank of Canada’s monetary policy outlook. What are the forecasts, and what may be the Canadian dollar’s next move? Event in Focus: Canada’s Consumer Price Index (CPI) and inflation data for October 2023 When Will it Be Released: November 21, 2023 (Tuesday), 1:30 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Headline CPI m/m: 0.2% m/m forecast; -0.1% m/m previous Headline CPI y/y: 3.3% y/y forecast; 3.8%…