Author: FX
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…
Canada is about to drop its November labor market data! Markets heading into the release are pricing an 84% chance the Bank of Canada (BOC) holds rates at its December 10 meeting, making this the last major data point that could shift those odds. Here are the points you need to know if you’re trading the 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
Hikvision challenges US decision to expand crackdown on Chinese telecom gear Source link
The U.S. private sector shed 32,000 jobs in November, according to ADP’s National Employment Report, marking the largest monthly decline since spring 2023 and falling far short of the 15,000 gain economists had expected. The disappointing figure reinforces mounting concerns about labor market deterioration heading into the Federal Reserve’s December policy meeting. Key Takeaways Private sector employment fell by 32,000 in November versus expectations for a 15,000 gain, with October’s figure revised upward from 42,000 to 47,000 Small businesses drove the decline, with establishments under 50 employees shedding 120,000 jobs—the steepest drop since May 2020—while large firms added 39,000 positions…
EUR/GBP has been cruising above a rising trend line since August and is sitting right on this support level! Will it continue to hold? Or will it fold and set off a long-term reversal? EUR/GBP 4-hour Forex Chart by TradingView EUR/GBP has been trending higher for roughly four months already, lifted mostly by neutral-to-hawkish European Central Bank (ECB) commentary while the Bank of England (BOE) leans dovish every now and then. Can December BOE easing hopes continue to keep the pair above this area of interest? Remember that directional biases and volatility conditions in market price are typically driven by…
Earlier:The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%.The previous close was 7.0640Today’s mid rate set at 7.0640 is the strongest for CNY since 14 October 2024. The setting of the rate well above the expected level is a sign of the PBoC slowing the appreciation of…
Kolier Bands are an enhanced version of the classic Bollinger Bands, designed specifically for the MT4 platform. They consist of three lines: Upper Band: Indicates potential resistance and overbought conditions. Lower Band: Shows support levels and oversold conditions. Middle Band: A moving average that reflects the overall market trend. The bands automatically adjust to market volatility, widening during high activity and narrowing when the market is quiet. This dynamic adjustment allows traders to anticipate significant price moves and better time their trades. How the Indicator Works The Kolier Bands Bollinger Bands MT4 Indicator works by analyzing price action and volatility…
Australia’s Trade Surplus widened to 4,385M MoM in October versus 4,200M expected and 3,938M in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.More to come…This section was published on December 4 at 23.10 GMT as a preview of the Australian Trade Data release.The Australian Trade Data OverviewThe Australian Bureau of Statistics will publish its data for August on Thursday at 00.30 GMT. Trade surplus is expected to widen to 4,200M MoM in October, compared to 3,938M in the previous reading.Trade Balance gives an early indication of the net export performance. If a steady demand…
Weak U.S. private payrolls data reinforced expectations for a December Federal Reserve rate cut, sending the dollar to its worst single-day loss since September. Equities and bonds rallied on growing confidence that policymakers will ease despite lingering inflation concerns. 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 Governor Michele Bullock said the labor market is still a bit tight and inflation has surprised to the upside Australia GDP Growth Rate for September 2025: 0.4% q/q (0.8% q/q forecast; 0.6% q/q previous); 2.1%…