Author: FX
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Canadian pot stocks extend weakness as FDA weighs CBD regulation Source link
A stronger US Dollar and higher US yields sent gold prices below $1,800. Next support is a short-term uptrend line around $1,795. US stocks turn negative, adding support to the Dollar. Gold prices extended losses during the American session and printed a fresh daily low at $1,797. Currently, XAU/USD is hovering around $1,800 with a bearish bias. A slide back under $1,800 would make gold vulnerable to a decline to test an uptrend line around $1,795. A break below could trigger more losses, to the $1,785 zone. Below the next support is located at $1,773 (Dec 15 & 16 low).…
© Reuters. FILE PHOTO: A man holding an umbrella is silhouetted as he walks in front of an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar and Nikkei share average in Tokyo, Japan July 14, 2022 REUTERS/Issei Kato By Sinéad Carew NEW YORK (Reuters) – Global equities edged lower on Wednesday while oil prices tumbled as investors weighed their enthusiasm about the potential economic boost from China lifting COVID restrictions with concerns about rising infections there. The yield on the benchmark U.S. 10-year Treasury dipped before turning higher in a choppy session after it recorded its…
Indices Talking Points:The S&P 500 set its all-time-high on January 4th of this year after which bears went on the attack.The bearish theme came in waves this year even with a hawkish fundamental backdrop. The counter-trend moves from June-August and October-December were powerful, racking up 18.92% and 19.36% bullish trends inside of the overall 2020 trend that’s seen the S&P lose -19.76% on net (as of this writing).The big question for next year is whether the worst is over and whether the Fed is nearing a pivot. That doesn’t look to be the case from where we’re at, but things…
> US pending home sales for November -4% versus -0.8% last month US pending home sales for November 2022 Prior report. Fell -4.6% last month (was expecting at -5.0% decline)Pending home sales for November 2022 -4% versus -0.8% expectedPending home sales index 73.9 vs 77.0 last month (revised from 77.1)Pending home sales -37.8% from November 2021ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link
The Euro trims gains after failure at the 0.8860 resistance area. The Pound appreciates across the board amid a softer USD. Longer-term, the pair remains positive, with the GBP weighed on after BoE’s dovish hike. The Euro has been unable to breach the 0.8860 resistance area on Wednesday. The pair retreated to 0.8800 at the moment of writing, retracing Tuesday’s gains, and is on track to put an end to a five-day winning streak. The Pound picks up on a quiet market session The Sterling is trimming losses on Wednesday, underpinned by a mild recovery on the GBP/USD, as the US Dollar…
KEY POINTS: Recommended by Zain Vawda Get Your Free Gold Forecast MOST READ: Top 3 FX Themes for 2023: USD, JPY, EuroGold (XAU/USD) FUNDAMENTAL BACKDROPGold continued its decline in European trade to retest the psychological $1800 level. The precious metals continued decline this morning was surprising given a declining US dollar index and retreating US Treasury yields. Yesterday saw gold print a fresh high around $1833 before a rally in the dollar index coupled with technical hurdles pushed price down toward the $1814 level.Developments out of China could be partly to blame for the continued decline in gold prices. China…
Angel Di Bilio/iStock Editorial via Getty Images Southwest Airlines (NYSE:LUV) stock slipped in premarket trading on Wednesday as thousands of cancellations continue. According to FlightAware, Southwest has canceled over 2500 flights on Wednesday, adding to nearly 2700 cancellations on Tuesday and thousands more on Monday. The data provider has accounted for over 2300 cancellations planned for Thursday as well. The levels of cancellations represent between 58% and 64% of scheduled flights per day in the three day span. The outsized cancellation rate contrasts sharply with comparatively negligible rates at major competitors like Delta Air Lines (DAL), United Airlines (UAL), and…
Successful people tend to have an optimistic attitude because when you focus on the positive, you tend to have positive results. Does this hold true in trading? Ask yourself this question, “Out of all the confident people you have ever met in your life, how many of them had a consistently negative outlook or attitude?” I’ll bet the answer is a very small percentage or maybe even none. Instead of feeling bad, sulking in the corner, and eating all the ice cream in the fridge when you’re in the middle of a massive drawdown, be positive and think of how you…