Author: FX

Once again, the dollar is proving to be a bit more resilient than expected after the rough aftermath to the US CPI data on Tuesday. USD/JPY came close to testing 150.00 yesterday before rebounding back to 151.30 currently while we are seeing the likes of GBP/USD and AUD/USD pull back after nearing key technical breakthroughs.EUR/USD is the only one still in rather decent shape as it continues to hold above 1.0800 but it needs confirmation from other pairs to really pin down the dollar on the week. The US data releases yesterday were no fireworks and that is keeping markets…

Share: EUR/JPY snaps its four-day winning streak below 164.00 on Thursday. The pair holds above the 50- and 100-hour EMA; the RSI indicator stands in bullish territory above 50. The immediate resistance level is seen at 164.22; 163.07 acts as an initial support level for the cross. The EUR/JPY cross trades with modest intraday losses during the Asian session on Thursday. However, the divergence in the monetary policy between the European Central Bank (ECB) and the Bank of Japan (BoJ) still exerts some pressure on the Japanese Yen (JPY) and lends support to the EUR/JPY cross. EUR/JPY currently…

© Reuters. FILE PHOTO: The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Andrew Kelly/File Photo (Reuters) – Hyundai Motor (OTC:) unveiled its first high-performance electric vehicle(EV), an N sport variant of its IONIQ 5 crossover SUV. The South Korean automaker said that the IONIQ 5 N, which will be available at its dealers in March 2024, will be followed by more electrified N models in the future. The N brand is the company’s high-performance brand, akin to AMG for the Mercedes and the M…

In the fast-paced world of forex trading, staying ahead of the curve is crucial. Traders are always on the lookout for tools that can provide them with an edge in the market. One such tool that has been gaining traction in recent times is the PZ Super Trend MT5 Indicator. In this article, we will delve into what this indicator is, how it works, and why it has become a game-changer for traders. So, fasten your seatbelts as we embark on a journey to unravel the secrets of this powerful trading tool. What is the PZ Super Trend MT5 Indicator?…

RHJ/iStock via Getty Images Wheaton Precious Metals (NYSE:WPM) said Wednesday it agreed to acquire existing metals streams from Orion Resource Partners plus a new precious metals stream for a combined $530M. Wheaton (WPM) will be entitled to purchase 62.5% of the payable gold stream from the Platreef Project in South Africa until a total of 218,750 oz of gold has been delivered, at which point the company would be entitled to purchase 50% of payable gold production until 428,300 oz are delivered under the stream. In addition, Wheaton (WPM) will be entitled to purchase 5.25% of payable palladium and platinum…

This article focuses on the technical outlook for EUR/USD, Nasdaq 100 and crude oil (WTI Futures), taking into account sentiment analysis and recent price action dynamics.Most Read: US Dollar Forecast – Fed Pivot Ahead? Setups on USD/JPY, GBP/USD, AUD/USDFor a comprehensive assessment of the euro’s medium-term outlook, make sure to download our Q4 forecast now. Recommended by Diego Colman Get Your Free EUR Forecast EUR/USD FORECAST – TECHNICAL ANALYSISThe EUR/USD retreated on Wednesday, after staging a massive bullish breakout in the previous session. Despite this setback, the euro maintains a positive outlook against the U.S. dollar, with the exchange rate…

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…

XAU/USD looks very interesting for swing players out there as the recent bounce retests several technical arguments, including a head and shoulders neckline break! Let’s check out potential patterns to watch out for that bull and bears can use to compliment fundamental analysis done on gold! XAU/USD (Gold): 4-Hour XAU/USD 4-Hour Chart by TradingView Fundamentals will almost always determine directional biases and volatility conditions, and if you don’t have a fundamental based price outlook for gold, go do your homework now by checking out the forex calendar and catching up on daily fundamental news! Now, if you’ve already done your…

Share: The DXY index first declined to 104.00 and then recovered to 104.40. The headline and core PPI cooled down in October, while US Retail Sales declined but were lower than expected.  Investors seem to worry that strong economic activity data might weigh more than cooling inflation in the Fed’s eyes. The US will report weekly Jobless Claims on Thursday, and several Fed officials will be on the wires. The US Dollar (USD) found a lift in Wednesday’s session, driven by solid US Retail Sales figures for October, which somewhat worried investors as Federal Reserve (Fed) officials might…

Justin Sullivan/Getty Images News Meta Platforms (NASDAQ:META) will appeal the decision by the European Commission to list its Messenger and Marketplace services as “gatekeepers” as part of the continent’s Digital Markets Act. “This appeal seeks clarification on specific points of law regarding the designations of Messenger and Marketplace under the DMA,” a spokesman said, according to Reuters. “It does not alter or detract from our firm commitment to complying with the DMA, and we will continue to work constructively with the European Commission to prepare for compliance.” The Mark Zuckerberg-led company said Marketplace is a consumer to consumer service and…