Author: FX

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…

Looking for another quality setup to trade the Aussie this week? Well, you’re in luck! The upcoming release of Australia’s latest jobs data could heat up volatility in AUD quickly, but before making any moves, be sure to review the current expectations for Australia’s job update and potential reactions from AUD traders! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

Vistagen climbs as Stifel launches at Buy on anxiety prospects Source link

© Reuters Swedish union offers pay to Tesla (TSLA) employees willing to join strike Swedish trade union, IF Metall is offering Tesla (NASDAQ:) Sweden employees compensation to encourage their participation in the union’s ongoing strike. Entering its third week, the Tesla Sweden strike has garnered considerable backing from prominent national organizations. However, it has not yet gained substantial support from the individuals most impacted: Tesla employees. IF Metall’s proposition involves compensating Tesla Sweden employees to join its strike against the Texas-based corporation. The union is offering the auto workers more than 130% of their salary to join. The strike at…

Japanese Yen Analysis (USD/JPY, GBP/JPY)US CPI Has Knock on Effects for the Wider FX MarketWith inflation heading in the right direction, forward-looking markets are already anticipating interest rate cuts sooner than before, potentially accelerating the dollar decline. The greenback has been propped up throughout the rate hiking cycle, buoyed mainly by rising rate expectations and more recently rising bond yields. If US data continues to soften, major currency pairs are likely to see a more prolonged period of relief against the most traded currency in the world.Customize and filter live economic data via our DailyFX economic calendar Recommended by Richard…

The sticky price index sorts the components of the consumer price index into either flexible or sticky (slow to change) categories based on the frequency of their price adjustment.12-month 4.9% vs 5.1% priorFlexible 12-month -0.3% vs +1.0% priorFull reportThe monthly changes are in the right direction. This article was written by Adam Button at www.forexlive.com. Source link

Share: Gold price moves sharply higher as US inflation data softens more than expected in October.. A nominal decline in inflation may keep hopes of a changed interest rate policy unabated. Various Fed policymakers are scheduled to speak today. Gold price (XAU/USD) rose sharply as the US Consumer Price Index (CPI) data for October has turned out gradually softer than expectations. Monthly headline CPI remained stagnant against expectations of a 0.1% rise and a 0.4% growth in September. In the same timeframe, the core inflation rose by 0.2%, slower than expectations and the former reading of 0.3%. On an annual basis, the headline inflation…

Gold (XAU/USD) Analysis, Prices, and ChartsUS inflation report the next driver for gold’s price action.The 200-day simple moving average provides short-term support.Learn How to Trade Gold with our Complimentary Guide Recommended by Nick Cawley How to Trade Gold DailyFX Economic CalendarThe latest US inflation report is released at 13:30 GMT today and is expected to show y/y core inflation remaining unchanged at 4.1%, while the annual headline reading is seen falling to 3.3% from 3.7% in September. Headline inflation has fallen sharply from a peak of 9.1% in June last year but has picked up from this June’s low of…

Predictive Oncology GAAP EPS of -$0.78, revenue of $0.72M Source link

In the ever-evolving landscape of financial markets, traders are constantly seeking tools that can provide them with an edge. The FiboPiv V2 MT4 Indicator is one such tool that has gained popularity among traders for its ability to analyze price movements and identify potential entry and exit points. In this article, we will dive deep into the world of the FiboPiv V2 MT4 Indicator, exploring its features, functionality, and how it can be effectively utilized in your trading strategies. What Are Fibonacci Pivot Points? Fibonacci Pivot Points are a technical analysis tool used in trading to identify potential support and…