Author: FX

Silver (XAG/USD) trims a part of its earlier losses on Friday after marking a fresh weekly low at $48.64. At the time of writing, the metal is trading around $49.69, recovering modestly but still down nearly 1.50% on the day, and remains on track for a weekly decline. From a technical perspective, Silver is flashing early signs of fatigue after forming a double-top pattern on the daily chart, with peaks around the $54.50-$55.00 region. The pattern is beginning to exert mild bearish pressure, although the neckline remains intact, keeping sellers cautious for now.Despite the pullback, the broader uptrend structure remains…

USD/CHF trades around 0.8070 on Friday, up 0.10% on the day at the time of writing, as the US Dollar (USD) finds moderate support from mixed but generally resilient US data releases. While the pair advances, markets continue to price a higher likelihood of policy easing from the Federal Reserve (Fed) in the coming months.The S&P Global Composite Purchasing Managers Index (PMI) rose slightly to 54.8 in November from 54.6, signalling continued growth in private-sector activity. The Services PMI improved to 55, while the Manufacturing PMI slid to 51.9, suggesting softer but still positive momentum in the goods sector. The…

The Canadian Dollar (CAD) holds steady against the US Dollar (USD) on Friday, with USD/CAD hovering near 1.4100 as the Greenback stages a rebound after briefly losing momentum on dovish comments from New York Federal Reserve (Fed) President John Williams.Fed Williams said he still sees room for a near-term rate cut, acknowledging that progress on inflation has stalled even though he expects price growth to return to the 2% target by 2027. He noted that economic activity has cooled and the labour market continues to ease gradually, with downside risks to employment becoming more pronounced. Williams added that recent tariff…

What might happen soon to the crypto short sellersBitcoin has been under heavy pressure, and the latest performance metrics show a market that has clearly entered a corrective phase. The short term and medium term numbers tell the story. Over the last week BTC is down 16.75%. Over the last month it is down 25.25%. The three month figure is similar at 26.39%. Even the six month change sits around 25.35%, which is rare when Bitcoin is coming from a strong trend. Year to date performance is still negative at 12.88%, and the one year move is down more than…

Gold (XAU/USD) trades on the back foot on Friday, weighed down by fading hopes of a December interest rate cut from the Federal Reserve (Fed). At the time of writing, XAU/USD is trading around $4,035, down nearly 1.0% on the day, as the metal continues to oscillate within the range established earlier this week.Markets had already been dialing back expectations for a December rate cut, with most Fed officials striking a noticeably cautious tone in recent weeks. Policymakers have repeatedly warned that inflation remains sticky and that the labour market, while cooling, is still resilient enough to justify a more…

Bread Financial (BFH) announced the pricing of its underwritten public offering of depositary shares, each representing a 1/40th interest in a share of its Series A non-cumulative perpetual preferred stock, with a liquidation preference of $25 per depositary share. The Source link

The Four Legs MT4 Indicator is designed to spot changes in market direction using price action patterns and trend confirmation. It tracks key market swings, often referred to as legs to highlight phases of buying and selling pressure. Each leg represents a movement that shows where the market is gaining or losing momentum. This helps traders visualize the rhythm of the market, making it easier to anticipate reversals before they happen. How It Helps in Real Trading Unlike basic moving averages or oscillators, the Four Legs Indicator focuses on the natural flow of the market. Analyzing the four major legs…

Prior +0.5%; revised to +0.7%Retail sales +0.2% vs +1.5% y/y expectedPrior +1.5%; revised to +1.0%Retail sales ex autos, fuel -1.0% vs -0.3% m/m expectedPrior +0.6%; revised to +0.7%Retail sales ex autos, fuel +1.2% vs +2.5% y/y expectedPrior +2.3%; revised to +1.7% This article was written by Giuseppe Dellamotta at investinglive.com. Source link

The Australian Dollar (AUD) advances against the US Dollar (USD) on Friday after two days of losses. The AUD/USD pair gains ground following the preliminary reading of Australia’s S&P Global Purchasing Managers Index (PMI).S&P Global Manufacturing PMI came in at 51.6 in November versus 49.7 prior. Meanwhile, Services PMI rose to 52.7 in November from the previous reading of 52.5, while the Composite PMI increased to 52.6 in November versus 52.1 prior.The AUD finds support as expectations grow for a cautious stance from the Reserve Bank of Australia (RBA). Minutes from the RBA’s November meeting indicated the central bank may…

Finance minister says Thai economy is stable, sees Q4 growth picking up Source link