Author: FX

The Dow Jones Industrial Average (DJIA) spun in a tight circle near 48,000 on Thursday before retreating around 100 points. Equity markets are taking a break and slowing their momentum through the back half of the trading week as investors’ focus remains fully pinned on the upcoming Federal Reserve (Fed) interest rate decision slated for next week.Fed rate cut expectations dominateMarkets remain fully committed to expecting a third straight interest rate trim from the Fed on December 10. According to the CME’s FedWatch Tool, rate traders are pricing in nearly 90% odds of a quarter-point rate cut next week. Official…

The EURUSD has been choppy today, moving up and down within a relatively contained range. In that process, the pair once again pushed above the top of a key swing area at 1.16676. It did the same thing yesterday—breaking above the level—but in both cases, the upside momentum quickly faded. Each break higher stalled, inviting sellers to step in and forcing the price to rotate back lower.That latest rotation has taken the pair back into the broader swing zone between 1.16449 and 1.16676. Importantly, the low of that area aligns almost perfectly with the 100-day moving average, which currently sits…

The November 2025 ISM reports just dropped, and they’re painting a fascinating split-screen picture of the US economy: factories struggling while the services sector keeps chugging along. ISM surveys are one of the top leading economic indicators, so let’s break down what these numbers actually mean and more importantly, what each sub-index is signaling about where the economy might be headed. 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

Coupang, Inc. (CPNG), South Korea’s e-commerce powerhouse, finds itself at a pivotal moment. After share prices tumbled roughly 23% from their recent highs near $34, the stock is now testing a support level that’s proven its worth multiple times over the past year. The next few sessions could determine whether this becomes a launching pad or a trapdoor.Let’s unpack what’s happening on this chart.The line in the sand at $26.56That yellow horizontal line cutting across the chart at $26.56 isn’t arbitrary. Throughout 2024 and into early 2025, this level has acted as a reliable floor for CPNG. Price bumped into…

S&P 500 futures are holding flattish with Nasdaq futures marginally lower by 0.1% while Dow futures are just marginally higher by 0.1% on the day. Overall, there’s not much in it as US equities continue to weigh the latest backdrop – mostly concerns surrounding the AI bubble.Still, the rebound from last week keeps building and that is despite a bit of a setback from Monday this week. The S&P 500 is roughly 1% away from fresh record highs and that continues to underscore how bullish the market is still looking in general.Coming up today, we do have some labour market…

The Eurozone Retail Sales, which is a key measure of consumer spending, remains flat month-on-month (MoM) in October, while it was expected to grow by 0.1%, reported by Eurostat on Thursday. In September, the consumer spending measure rose by 0.1%, revised from a negative 0.1%.On an annualized basis, Retail Sales grew by 1.5%, faster than estimates of 1.4% and the prior release of 1.2%, revised higher from 1%.FX implicationsThe impact of the Eurozone Retail Sales data seems negligible on the EUR/USD pair, which trades mildly higher around 1.1680 at the time of writing. Euro Price Today The table below shows the percentage…

The Waves MT4 Indicator is designed to help traders decode market fluctuations. It works by identifying and plotting “waves” on the chart, which represent the natural rhythm of price movements. By analyzing these waves, traders can detect trends early, anticipate reversals, and confirm the strength of market momentum. Unlike traditional indicators that rely solely on price or volume, the Waves MT4 Indicator combines multiple market factors to give a more accurate and visually intuitive representation of price action. This makes it ideal for traders who want a clear picture without getting lost in complex calculations. Key Features and Benefits One…

There are quite a number to take note of on the board for the day, as highlighted in bold below.The big ones are for EUR/USD layered across 1.1600 through to the 1.1700 mark, with larger ones centered around the 1.1650 level. That should at least keep price action more concentrated in the current range, with a weaker dollar in general across also helping to keep the pair underpinned this week.But with the larger expiries, that could limit price movements in the session ahead at least – before the expiries roll off later in the day.As for USD/JPY, there is one…

EUR/JPY is a few pips away from a major resistance zone! Think we’ll see an upside breakout in the next trading sessions? Or will the bears attack and keep the pair inside its 150-pip range? EUR/JPY 4-hour Forex Chart by TradingView The Japanese yen has had a rough start to December as growing expectations for Fed rate cuts keep risk appetite elevated and take the shine off safe havens like the yen. At the same time, steady messaging from European Central Bank officials has supported euro demand, even as the Euro Area continues to churn out mixed mid-tier data. Remember…

Gold prices fell in Saudi Arabia on Thursday, according to data compiled by FXStreet.The price for Gold stood at 506.38 Saudi Riyals (SAR) per gram, down compared with the SAR 507.51 it cost on Wednesday.The price for Gold decreased to SAR 5,906.32 per tola from SAR 5,919.52 per tola a day earlier.Unit measureGold Price in SAR1 Gram506.3810 Grams5,064.04Tola5,906.32Troy Ounce15,750.20FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates…