Author: FX
Share: Pound Sterling is expected to deliver more upside amid a risk-on market mood. The UK economy is seen marginally contracting in Q3 due to higher interest rates – a negative for Pound Sterling. Deepening Middle East tensions could keep the broader risk profile negative. The Pound Sterling (GBP) looks set to deliver a fresh upside as the market mood is supportive for risk-sensitive assets. The GBP/USD pair is aiming for more upside as investors hope that the policy divergence between the Federal Reserve (Fed) and the Bank of England (BoE) will not widen further since they are…
You’re like a deer in the headlight staring at your screens, feeling overwhelmed by all the new information and forex market movements. You feel the pressure to perform. You haven’t made a winning trade all week. The bills are due and your checking account is running low. You don’t know what you’re going to do. You’re becoming desperate and you swear to yourself “I’m going to push myself to make some pips.” Unfortunately, the more you tell yourself this, the more stressed and more upset you become. In these situations, it’s natural to feel that you must push yourself to the…
US Dollar Forecast – Prices, Charts, and AnalysisMarket traders now see 100bps of US rate cuts next year.Greenback trying to stem further losses. Recommended by Nick Cawley Get Your Free USD Forecast The US dollar is back at lows last seen six weeks ago after last week’s heavy sell-off. US Treasury yields collapsed late last week after the latest FOMC decision and a weak US Jobs Report fueled expectations that US rates have peaked.US Breaking News: NFP Disappointment Sinks USD, Gold BidDailyFX CalendarThe latest CME FedWatch Tool suggests that US interest rates will be left unchanged at the next three…
Ryanair Holdings GAAP EPS of €1.91, revenue of €8.58B; reaffirms FY23 target Source link
XRP, a digital asset in the cryptocurrency market, has seen a significant surge of 9% to $0.68, bringing it close to surpassing ‘s (BNB) market cap of $36.5 billion. This recent increase marks XRP’s highest level since August 2nd, though it still falls short of its yearly high of $0.93. The digital asset’s performance comes after Labs’ successful legal battle against the SEC, which has seemingly boosted investor confidence and sparked a positive shift in the narrative around XRP. The court ruling has provided much-needed legal clarity in the unpredictable cryptocurrency market. Despite hitting a mid-August low point of $0.42,…
AUD/USD is testing a key resistance zone ahead of the Reserve Bank of Australia’s (RBA) November policy decision. Will this week’s themes convince AUD bulls to take a chill pill? Or will AUD make new monthly highs against USD in the next trading sessions? 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
Wave of cancellations in German housing construction at new high -IfoFull Story HEREGermany’s residential construction sector was again hit by a wave of cancellations in October, according to a survey published on Monday that showed a record number of firms reporting abandoned projects. In October, 22.2% percent of companies reported cancelled projects, up from 21.4% the previous month, the Ifo economic institute said. “It’s getting worse all the time, with more and more projects failing due to higher interest rates and elevated construction prices,” says Klaus Wohlrabe, Ifo head of surveys. “In residential construction, new business remains very low and…
Gold price comes under some selling pressure on Monday and extends Friday’s pullback from the post-NFP swing high. The upbeat market mood, along with a modest recovery in the US bond yields, drive flows away from the yellow metal. The USD languishes near a multi-week low amid bets that the Fed is done raising rates and should lend some support. Geopolitical tensions might further contribute towards limiting any meaningful downfall for the safe-haven XAU/USD. Gold price (XAU/USD) kicks off the new week on a weaker note and extends Friday’s retracement slide from the $2,004 area or a multi-day high touched…
Last week, we saw the major economies’ latest PMI reports and heard from major central banks like the Fed, BOE, and the BOJ. What are traders looking forward to in the first full week of November? Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the calendar this week: 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…
Michael Vi/iStock Editorial via Getty Images Palo Alto Networks (NASDAQ:PANW) is near a deal to purchase an Israeli cyber security startup for $600 million to $700 million. Palo Palto (PANW) is close to acquiring Talon Cyber Security in an agreement that may be annouced as soon as Monday, according a report in The Information, which cited people familiar with the matter. Palo Alto (PANW) on Tuesday announced it was buying cloud security start-up Dig Security for a reported $400 million. Tel-Aviv based Talon has raised $126 million from backers including Lightspeed Venture Partners and Team8, including $100 million in a…