Author: FX

Pound Sterling (GBP) has bounced after the BoE’s steady decision, but with Governor Bailey leaning toward a December cut, downside risks for GBP remain, ING’s FX analyst Chris Turner notes.BoE hold lifts GBP”Sterling is enjoying a modest recovery after the Bank of England left rates unchanged yesterday. However, it now seems Governor Andrew Bailey is the swing voter and minded for a December cut. That outcome is only priced with a 70% probability right now, meaning that there is scope for lower short-term rates and a weaker pound.” “Expect EUR/GBP to find good support if it gets anywhere near the…

Kinwun/iStock via Getty ImagesArcher Aviation (ACHR) shares were nearly 10% down premarket on Friday, a day after it released its Q3 results, announced its acquisition of Hawthorne airport in Los Angeles, and highlighted $650M in additional fundraising. Operating expenses rose Y/Y to $174.8M, leading to a Source link

The Doda EMA MT4 Indicator is based on the Exponential Moving Average (EMA), one of the most trusted tools in technical analysis. Unlike standard moving averages, the EMA gives more importance to recent price data, allowing it to react faster to market changes. The Doda EMA simplifies this concept by automatically identifying the trend and showing traders when the market is bullish or bearish. It’s ideal for beginners who want to trade confidently and for professionals who prefer quick and accurate signals. Key Features and Benefits This indicator adjusts smoothly to changing market conditions. It provides color-coded signals, usually green…

Tesla shareholders overwhelmingly approved a new 10-year, US$1 trillion performance-based pay package for CEO Elon Musk, tied to highly ambitious milestones. To receive it, Musk must steer Tesla to produce 20 million vehicles, operate 1 million robotaxis, and sell 1 million humanoid robots, while the company’s valuation climbs from US$1.5 trillion to US$8.5 trillion.The decision initially boosted tech sentiment, with E-mini Nasdaq futures rallying in early (US) evening trade. But the optimism faded after reports that the White House would block Nvidia’s sale of its scaled-back AI chips to China, reversing earlier signals from President Donald Trump that such exports…

GBP/CAD is approaching a key inflection point after finding support earlier this month. Will the broken support level serve as resistance this time? We’re checkin’ out the pair’s 4-hour chart! GBP/CAD 4-hour Forex Chart by TradingView Traders backed away from risk on Thursday as worries over U.S. growth and the government shutdown talk dragged on. That meant selling currencies tied to commodities, including the oil-linked Canadian dollar. The British pound took hits, too. The Bank of England (BOE) kept rates steady in November, but the vote was tighter than anyone expected, which basically told the market that a December rate…

China’s Trade Balance for October, in Chinese Yuan (CNY) terms, arrived at CNY640.4 billion, narrowing from the previous figure of CNY645.47 billion.Exports declined 0.8% YoY in October vs. 8.4% in September. The country’s imports rose 1.4% YoY in the same period vs. 7.5% recorded previously.In US Dollar (USD) terms, China’s Trade Surplus expands less than expected in October.Trade Balance arrived at +90.07B versus +95.60B expected and +90.45B prior.Exports (YoY): 1.1% vs. 3.0% expected and 8.3% last.Imports (YoY): 1.0% vs. 3.2% expected and 7.4% previous.Market reaction to China’s Trade BalanceAUD/USD extends losses around 0.6473 in an immediate reaction to the Chinese trade data. The pair…

Oil heads for second weekly loss as supply concerns weigh Source link

Is the trend still our friend on EUR/USD? The pair seems to be in correction mode and is approaching an area of interest visible on its 4-hour time frame. Check out these confluence of technical levels on the potential resistance zone. EUR/USD 4-hour Forex Chart by TradingView In the absence of official U.S. data due to the government shutdown, traders have been dissecting employment reports from private firms pretty closely to gauge whether the labor market is healthy or not. Underlying figures from the ADP report, the jobs component of the ISM services PMI, and the Challenger job cuts data…

The Emilio Super Bands MT4 Indicator is a volatility-based technical analysis tool designed to help traders identify market trends and potential reversal points. It works by plotting upper, middle, and lower bands around the price, similar to Bollinger Bands, but with improved responsiveness. These bands expand and contract based on current market volatility, allowing traders to visualize overbought and oversold zones easily. When the price moves close to the upper band, it may signal potential selling opportunities, while nearing the lower band can indicate possible buying setups. Key Features and Benefits What makes the Emilio Super Bands MT4 Indicator stand…

Fed’s Musalem sees resilient US economy but flags tariff and deficit risksFederal Reserve Bank of St. Louis President Alberto Musalem said the US economy has shown notable resilience despite uncertainty but faces ongoing challenges from tariffs, inflation pressures, and large fiscal deficits.Speaking Thursday, Musalem said the labour market has “softened of late” yet remains close to full employment. He expects growth to slow in the fourth quarter but to rebound next year, saying the economy “should do well” as inflation gradually eases.He acknowledged that tariffs are currently driving inflation higher, but said their impact would likely fade in 2026. The…