Author: FX

Hong Kong fire kills 44, hundreds missing as police blame ‘gross negligence’ Source link

Will we see further consolidation on EUR/CAD? The pair appears to be finding a ceiling at the top of its range once more, possibly setting its sights lower. Take a look at these near-term inflection points. EUR/CAD 4-hour Forex Chart by TradingView The lack of major catalysts from both the eurozone and Canada seems to be keeping EUR/CAD inside its range that’s been holding for nearly a month already. The pair has been keeping its head above support near S1 (1.6170) and is currently testing resistance near R1 (1.6310) and looks ready to head back down again. Or will we…

Bank of Korea Governor Rhee Chang-yong said Thursday’s policy decision was not unanimous, revealing that board member Shin Sung-hwan dissented. Shin argued domestic demand remains too weak to justify the board’s majority position. Rhee noted that three other board members indicated they were open to a near-term rate cut, highlighting a more divided committee as growth risks persist.Rhee said Korea’s economic growth next year is expected to be close to its potential rate, but cautioned that heightened foreign-exchange volatility remains a key concern, particularly given its potential pass-through to inflation. The remarks underscore the BoK’s delicate balancing act between managing…

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 7.0779 compared to the previous day’s fix of 7.0796 and 7.0733 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese…

Kiwi’s recent gains got NZD/USD knocking on a key resistance zone! Think we’ll see an upside breakout this week? Or will Kiwi bears defend the resistance area for another day? NZD/USD 4-hour Forex Chart by TradingView RBNZ’s signals that its easing cycle may be wrapping up, paired with stronger-than-expected quarterly retail sales, had traders scooping up the New Zealand dollar like it was on sale. The U.S. dollar, meanwhile, is struggling to build real momentum as more traders lean into expectations for a December Fed rate cut. Remember that directional biases and volatility conditions in market price are typically driven…

The Trending or Ranging and Trend Strength MT4 Indicator is designed to simplify market analysis. It identifies whether the market is in a trend (moving steadily up or down) or ranging (moving sideways without a clear direction). By highlighting these conditions visually, traders don’t have to spend hours analyzing charts. They can quickly spot profitable zones and avoid choppy, unpredictable areas. This clarity helps beginners make decisions with confidence while giving experienced traders faster insights for their strategies. Trend Strength Analysis Beyond identifying trends, the indicator measures trend strength, indicating whether a trend is weak, moderate, or strong. This information…

Crude oil rebounds as tug-of-war over Ukraine peace deal vs. Fed rate cut continues Source link

National Guard soldiers shot in 'targeted' attack near White House Source link

Markets extended their Thanksgiving week rally on Wednesday as growing Federal Reserve rate cut expectations and an unexpected hawkish tilt from the Reserve Bank of New Zealand overshadowed a chaotic UK budget rollout, sending equities and gold higher while the dollar weakened broadly. Bitcoin stole the spotlight, surging nearly 4% to reclaim the $90,000 level as cryptocurrency traders positioned ahead of the US holiday, while UK assets navigated choppy waters following a premature budget leak that briefly rattled gilt markets before fiscal restraint measures ultimately provided relief. Check out the forex news and economic updates you may have missed in…

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: investingLive is not an investment advisor, investingLive provides references and…