Author: FX
GBP/AUD just broke a key short-term technical support! Which levels can you watch out for if you’re FOMO-ing on GBP/AUD’s breakout? Source link
That’s good news for the Japanese economy but a lot of it is also helped by a much weaker currency, which makes Japan a more attractive tourist destination these days. The number of visitors in October reached 2.52 million, marking a full recovery for the first time since the Covid pandemic. Well, I’ll be contributing to the November number at least. ? Source link
Share: Silver price aims to climb above $23.20 amid easing US price pressures. The USD Index fell sharply due to the risk-off mood. Silver price recovered strongly after discovering buying interest near 61.8% Fibo retracement at $21.86. Silver price (XAG/USD) refreshes weekly high near $23.20 as inflation in the United States softened at a higher pace in October. The white metal strengthens on hopes that the Federal Reserve (Fed) will not raise interest rates further. S&P500 futures added some gains in the Tokyo session, portraying a significant improvement in the risk appetite of the market participants. US equities…
gorodenkoff David Einhorn’s Greenlight Capital exited Capri Holdings (NYSE:CPRI) and reduced its position in Green Brick Partners (GRBK) in Q3. Greenlight also increased its stake in Kyndryl (KD), Net Power (NPWR), Herc Holdings (HRI) and Southwestern Energy in Q3, according to its most recent 13F filing. Greenlight added a new position in DHT Holdings (NYSE:DHT). The hedge fund also reduced its stakes in Tenet (THC) and Resideo (REZI). “In August, Capri agreed to be sold to Tapestry for $57 per share and we promptly exited the position,” Greenlight wrote in its Q3 letter to investors on Nov. 8. “Beginning with…
© Reuters. German Finance Minister Christian Lindner is pictured next to the recording light of a TV camera as he presents Germany’s new tax revenue estimates in Berlin, Germany, October 26, 2023. REUTERS/Liesa Johannssen/File Photo By Maria Martinez BERLIN (Reuters) – Germany’s constitutional court is to rule on Wednesday on the legality of the coalition government’s 2021 decision to re-allocate 60 billion euros ($64 billion) of unused debt from the pandemic era to its climate and transformation fund. This will be a key ruling as it may set a precedent for Germany’s fiscal responses in future crises, while it could…
In the world of Forex trading, success is often determined by one’s ability to make informed decisions. Technical indicators play a crucial role in helping traders analyze market trends and make predictions. Among these indicators, the CCI Divergence MT4 Indicator stands out as a powerful tool that can provide valuable insights into market movements. In this article, we will delve into the intricacies of this indicator, exploring its features, applications, and how it can be used effectively by traders. Understanding the CCI Divergence MT4 Indicator What is CCI? Before diving into the specifics of the CCI Divergence MT4 Indicator, let’s…
Japanese economic growth in the third quarter slowed significantly from the second. The annualised GDP falls worse-than-expected 2.1% falling for the first time in three quartersPrivate consumption, which makes up more than half of the economy, was flat q/q Note the Deflator, it’s a measure of inflation and its jumped to +5.1%, well above Q2. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Big breakouts across the market this week, including a solid upside break on GBP/JPY! What goes up must come down, right? If that’s the case, where could traders potentially jump back in the uptrend to keep the bull party going? GBP/JPY 1-Hour Chart by TradingView As we always mention in every post now, a currency pair’s next move is determined by the fundamentals. And in Guppy’s case, speculation and outcome on the upcoming U.K. inflation update, the Bank of Japan’s monetary policy outlook, and broad risk sentiment will likely determine direction and volatility this week. After doing the homework on…
US DOLLAR, EUR/USD, GBP/USD, NASDAQ 100, GOLD PRICE FORECASTThe U.S. dollar slumps on falling yields following lower-than-expected U.S. inflation figuresEUR/USD and GBP/USD break out to the topside, reaching multi-week highsGold prices and the Nasdaq 100 also rally, flirting with key technical levels in both cases Recommended by Diego Colman Forex for Beginners Most Read: US Inflation Cools to 3.2 % in October, US Dollar Sinks but Gold GainsU.S. Treasury yields plummeted on Tuesday after weaker-than-expected U.S. consumer price index data reduced the likelihood of additional central bank tightening and weakened the case for keeping interest rates at elevated levels for…
Share: Mexican Peso strengthens against the US Dollar, with USD/MXN falling below 17.37 after a peak of 17.62. The USD/MXN decline is supported by speculation the Federal Reserve might halt its monetary tightening. US Treasury bond yields plunged after the US CPI report; traders eye Fed rate cuts in June 2024. Banxico’s Governor Victoria Rodriguez Ceja hinted at the possibility of rate cuts in Mexico, noting that any monetary policy easing would be gradual and data-dependent. Mexican Peso (MXN) skyrockets against the US Dollar (USD) as investors speculate the Federal Reserve (Fed) has finished tightening monetary policy following…