Author: FX
It’s going to be a BUSY day for U.S. and Canadian dollar traders with both the Fed and the BOC dropping policy decisions. Will today’s headlines confirm the recent downside breakout in USD/CAD? We’re taking a closer look at the daily time frame! USD/CAD Daily Forex Chart by TradingView Increased speculations of a December Fed rate cut got traders selling the U.S. dollar against major counterparts like the Loonie. At the same time, the less dovish tone from commodity-linked central banks such as the RBA and the RBNZ, and Canada’s blockbuster jobs report last Friday, had traders thinking the Bank…
With global rate paths diverging and the franc holding steady despite softer Swiss data, is the SNB about to hint at a shift in its policy stance this quarter? Here are the points you need to know if you’re trading Switzerland’s central bank event! 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 Unlimited Access access to MarketMilk™ Plus More! Source link
Silver continues to rally, it’s up 68-cents in Asia to $61.36, which is a fresh record high.Silver is turning into a retail fomo trade if it hasn’t already. And the thing about silver is that when it rallies, it can really rally.silver long term chartTrump talking (joking?) about vetoing Fed Governors due to Biden’s autopen certainly isn’t hurting the case for buying silver. Source link
EUR/USD has been consolidating inside an ascending triangle for quite a while and is currently testing resistance. Is the pair about to fall back to support again? Or will it attempt a break higher and longer-term climb? EUR/USD 4-hour Forex Chart by TradingView Strengthening expectations of a December Fed rate cut, combined with neutral-to-hawkish ECB commentary over the past few weeks, have lifted EUR/USD all the way up from its triangle bottom to top. Now the resistance around the 1.1650 minor psychological mark seems to be holding as a ceiling, potentially keeping the pair in consolidation. How low can EUR/USD…
The Two MACD with Signals MT4 Indicator helps solve this issue by combining two MACD settings on one chart, giving a clearer view of trend speed, momentum changes, and early signal opportunities. With this tool, traders can spot stronger confirmation and make more confident decisions. How the Two MACD with Signals MT4 Indicator Works The indicator places two MACD variations together: one fast and one slow. This helps traders see momentum in both short-term and long-term movements. The fast MACD reacts quickly to new price action, while the slow MACD helps filter out noise and confirms major trends. When both…
GBP/USD eased back toward the midrange on Tuesday, shedding around one-fifth of one percent after facing an intraday technical rejection from the 1.3350 level. Price action has slumped back into the 1.3300 handle and is holding just north of the long-term 200-day Exponential Moving Average (EMA) near 1.3250 as markets hunker down for the last Federal Reserve (Fed) interest rate decision of 2025.Fed on deck, rate cut expected but tone mattersInvestors are mainly focused on the Fed’s interest rate decision scheduled for December 10, which is widely anticipated to result in a third consecutive quarter-point reduction. Fed funds futures currently…
Ukraine prepares to unveil updated peace proposal to US Source link
Markets treaded water on Tuesday as traders held their powder dry ahead of Wednesday’s Federal Reserve decision, though cautious optimism about continued easing helped stocks edge higher while the dollar wobbled and Bitcoin reversed early losses. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Reserve Bank of Australia holds cash rate at 3.60% as expected; Governor Bullock says board discussed circumstances requiring tightening, singles out February meeting for careful inflation watch Australian November NAB business conditions +7 vs +9 prior U.K. BRC November retail sales +1.2%…
Appreciated the opportunity to speak this morning with Ukrainian Prime Minister Yulia SvyrydenkoDiscussion highlighted Trumps commitment to lasting peace in Ukraine.Discussed treasuries sanctions on Lukoil and Rosneft. Earlier today, Zelenskyy spoke and said:Wants to discuss restoration of Ukraine as part of peace plan preparation with US. Is ready to hold elections US and European unity security during the process.If securities is guaranteed, would be held next 60 days and 90 days. Will is parliament to prepare legislative framework to make elections possible during martial lawMeanwhile Pres. Trump said he would give Zelenskyy “days” to respond to peace proposal. This article…
The Dow Jones Industrial Average (DJIA) withered on Tuesday, shedding another 120 points in a second straight soft day. Rate-cut-hungry markets hunker down for the wait to this week’s hotly anticipated Federal Reserve (Fed) interest rate cut and update to the Fed’s Summary of Economic Projections (SEP).Fed rate call remains in the crosshairsInvestors remain focused almost entirely on the Fed’s December 10 interest rate decision, widely expected to deliver a third consecutive quarter-point cut. The S&P 500 (SP500) rose 0.1% and the Nasdaq gained 0.2%, while the Dow slipped slightly, falling 0.35%. Fed funds futures now imply an ~87% chance…