Author: FX
The Japanese Yen (JPY) maintains its offered tone through the Asian session on Tuesday, though the supportive fundamental backdrop warrants some caution for aggressive bearish traders. Bank of Japan (BoJ) Governor Kazuo Ueda signaled on Monday that a December interest rate increase could be under consideration. This, along with intervention fears, helps limit deeper JPY losses.Meanwhile, a generally positive risk tone is seen undermining the JPY’s safe-haven status and assisting the USD/JPY pair to build on the overnight bounce from the 154.65 region, or a two-week low. The US Dollar (USD), on the other hand, struggles to attract any meaningful…
AUD/CAD is heading for a multi-month resistance zone! Think the pair taps the ceiling again and stalls out for another day? Or are we seeing the early signs of an upside breakout? AUD/CAD 4-hour Forex Chart by TradingView Positive Australian data and the market’s relatively less dovish view of the Reserve Bank of Australia’s (RBA) bias helped lift the Australian dollar over the Canadian dollar in late November. However, soft Chinese readings, underwhelming mid-tier Australian data, and a rebound in crude oil prices could put a cap on the Aussie’s gains against the oil-related Loonie. Remember that directional biases and…
Will the Aussie give up pips to relatively stronger currencies this week? Our Event Guide for Australia’s Q3 GDP report suggests that increased business expenditure and trade activity may have contributed to a stronger GDP reading in the third quarter. BUT if the numbers come in weaker than expected, or if the release turns out bearish for the Australian dollar, then AUD/JPY and AUD/NZD may offer trading opportunities. 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…
Hong Kong leader orders independent probe into fire that killed 151 Source link
The ISM manufacturing PMI for November slipped to 48.2 from 48.7 in October, missing the 49.0 consensus to reflect the ninth consecutive month of manufacturing contraction. The deterioration came despite a production rebound, as new orders weakened and tariff-related uncertainty continued to weigh on the sector. Key Takeaways from the November ISM Manufacturing Report The index fell to 48.2 from 48.7, missing expectations and extending the contractionary streak to nine months New orders deteriorated: The new orders index dropped to 47.4 from 49.4, signaling weakening demand after briefly flirting with expansion Production jumped into expansion: The production index surged to…
Remember that XAU/USD symmetrical triangle we were watching a while back? The precious metal just busted through its long-term triangle resistance and could be gearing up for another massive rally. How high can it go? Gold (XAU/USD) 4-hour Chart by TradingView A surge in safe-haven flows early this week has propelled gold past its triangle resistance on the 4-hour time frame, possibly setting up for an uptrend that’s the same height as the chart pattern. However, price looks ready for a quick correction as resistance close to R1 ($4,281.81) seems to be holding. Are more gold bugs waiting to hop…
Powell was scheduled to speak in an hour but the comments are out and they’re not about monetary policy or the economy….as you were. This article was written by Adam Button at investinglive.com. Source link
The Multicurrency MT4 Indicator is designed to simplify multi-pair analysis by gathering important information from different currency pairs and displaying it on one screen. Instead of opening many charts, traders can monitor trends, strength, volatility, or signals from all selected pairs in a single view. This keeps the workflow smooth and helps traders react faster. It also reduces chart clutter, making the MT4 workspace easier to manage. Why Traders Prefer Using It Many traders like using this indicator because it saves time and improves accuracy. When someone trades forex, they often keep an eye on related pairs—such as EURUSD, GBPUSD,…
Gold price (XAU/USD) extends the rally to near $4,230 during the early Asian trading hours on Tuesday. The precious metal edges higher to a near six-week high amid growing expectations of US interest rate cuts. The US Manufacturing Purchasing Managers Index (PMI) contracted for the ninth straight month in November, the Institute for Supply Management (ISM) showed on Monday. The Manufacturing PMI declined to 48.2 in November, versus 48.7 prior, below the estimation of 48.6. Following softer US economic data, traders have increased December rate-cut bets to an 87% chance, according to the CME FedWatch tool. Lower interest rates could reduce the opportunity cost of…
The Reserve Bank of New Zealand (RBNZ) cut interest rates by 0.25% as expected in their November policy statement but dampened expectations of further easing. Which Kiwi strategies moved beyond the watchlist stage and how did shifting market sentiment impact the outcomes? Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high-quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our “Watchlist” picks right when they are published throughout the week, check out our BabyPips Premium subscribe page to learn…