Author: FX

MARKET WEEK AHEAD FORECAST: GOLD, US DOLLAR, EUR/USD, OILU.S. Treasury yields retreated over the past few days, weighing on the broader U.S. dollarMeanwhile, gold prices, the Nasdaq 100 and EUR/USD rallied, breaching key technical levels during their move higherFew high-impact events are expected in the coming days, with a shorter trading week in the U.S. because of the Thanksgiving holidayMost Read: Gold Price Forecast – XAU/USD Breaks Out as Yields Sink, Fed Pivot Hopes BuildU.S. Treasury yields fell sharply last week after lower-than-expected U.S. inflation data coupled with rising U.S. jobless claims all but eliminated the likelihood of further monetary…

Milei, on the left, leads Massa in the final pollsLatin America’s second largest economy heads to the polls today in a major election featuring an outsider taking on Peronist economy minister Sergio Massa.Javier Milei has made major waves in saying he would abolish the central bank and dollarize the economy. A similar experiment yielded good results in the 1990s until it came crashing down in a crushing recession and default in 2021. Since then, though, it’s been a series of missteps in Argentina and people are hungry for change. The chart of USD/ARS highlight how the currency has imploded into…

© Reuters. Bitcoin (BTC) Whales Balance Hits New Milestone: Details U.Today – On-chain analytics startup reports a significant milestone reached by whales. The amount of Bitcoin held by addresses with more than 1,000 BTC has reached its highest in 2023. According to IntoTheBlock, the balance held by addresses with more than 1,000 BTC reached a new yearly high this week. Following the collapse of FTX-related Alameda Research and Genesis, the amount of Bitcoin held by addresses with more than 1,000 BTC fell precipitously. Entities of this size have been steadily increasing since 2023, with their holdings reaching 7.67 million BTC…

krblokhin Beyond Inc. (NYSE:BYON), which changed its name from Overstock.com last month after buying the IP of defunct retailer Bed Bath & Beyond, is seeing pressure from a shareholder to insert Camping World CEO Marcus Lemonis into a leadership position. JAT Capital wants to know why Lemonis isn’t being elevated to a leadership position after the company’s former CEO Jonathan Johnson stepped down earlier this month, according to a letter the investor, who owns close to 10% stake in Beyond (BYON), wrote to shareholders on Friday “The company just fired the CEO,” JAT Capital CIO John Thaler wrote in the…

UPCOMING EVENTS: Monday: PBoC LPR.Tuesday: RBA Meeting Minutes, Canada CPI, FOMC Minutes.Wednesday: US Durable Goods, US Jobless Claims.Thursday: US Thanksgiving Day, Australia/Eurozone/UK PMIs, ECB Meeting Minutes, New Zealand Retail Sales.Friday: Japan CPI, Canada Retail Sales, US PMIs, US Black Friday (early markets close).MondayThe PBoC is expected to keep the LPR rates unchanged at 3.45% for the 1 year and 4.20% for the 5 years given that the central bank refrained from any adjustment to the MLF rate, which is generally a precursor for the LPR change. Recent economic data has been mixed with PMIs returning in contraction and the inflation…

In the fast-paced world of forex trading, having access to accurate and timely information is crucial. Traders are always on the lookout for tools and strategies that can give them an edge in the market. One such tool that has gained popularity in recent years is the Key Levels MT5 Indicator. In this article, we will dive deep into this indicator, exploring its features, benefits, and how you can use it effectively in your trading endeavors. Understanding Technical Indicators Before we delve into the specifics of the Key Levels MT5 Indicator, let’s take a moment to understand what technical indicators…

Warning: VINP is at high risk of cutting its dividend Source link

(Reuters) -Russia launched several waves of drone attacks on Kyiv early on Sunday for the second night in row, stepping up its assaults on the Ukrainian capital after several weeks of pause, the city’s military administration said. “The enemy’s UAVs (unmanned aerial vehicles) were launched in many groups and attacked Kyiv in waves, from different directions, at the same time constantly changing the vectors of movement along the route,” Serhiy Popko, head of the Kyiv’s military administration, said on the Telegram messaging app. “That is why the air raid alerts were announced several times in the capital.” Ukraine’s Air Force…

Justin Sullivan/Getty Images News OpenAI is in talks with Sam Altman to return as CEO after he was ousted on Friday, with the board saying they had lost confidence in the former CEO. Altman is said to be “ambivalent” about his return and would want governance changes, according to a report from The Verge on Saturday. A number of senior researchers also resigned on Friday. Greg Brockman, OpenAI’s president and former board chairman, resigned on Friday, in the wake of Altamn’s ouister. The two top executives have been talking to friends and investors about starting another company, according to the…

In the fast-paced world of trading, having a reliable tool that can assist you in making well-informed decisions is paramount. Enter the B-Clock MT5 Indicator, a powerful instrument that has been gaining traction among traders for its ability to provide crucial insights into market timing and trends. In this article, we will delve deep into the world of the B-Clock MT5 Indicator, exploring its features, applications, and how it can be a game-changer in your trading journey. Understanding the Basics Before we dive into the intricacies of the B-Clock MT5 Indicator, let’s start with the fundamentals. What is the B-Clock…