Author: FX

Fundamental OverviewThe USD performance has been mixed in the past days but still on net negative despite the decreasing December rate cut odds. It looks like the stock market is what has been driving all other markets.In fact, when the stock market had positive days, we’ve seen Treasury yields and the US dollar rising, but when stocks performed poorly, Treasury yields and the greenback gave back the gains. The market might be thinking that a selloff in the stock market is going to weigh significantly on the economy, eventually requiring the Fed to cut more or more aggressively. The focus…

Here is what you need to know on Wednesday, November 19:The action in financial markets remains relatively subdued early Wednesday following Tuesday’s choppy movements as investors adopt a cautious stance while waiting for the Federal Reserve’s (Fed) October meeting minutes and Nvidia’s earnings report. The US Dollar (USD) captured safe-haven demand and held resilient against its rivals on Tuesday as the selloff in risk-sensitive assets continued. Wall Street’s main indexes lost about 1% on the day and the USD Index closed marginally higher. Early Wednesday, US stock index futures trade mixed, while the USD Index moves sideways slightly above 99.50.…

The USD Strength Effect MT4 Indicator measures the power of the U.S. dollar relative to a basket of other major currencies. By analyzing price movements and market trends, it calculates a strength score that updates in real time. Traders can quickly identify when the dollar is gaining momentum or losing power, which can improve entry and exit timing. This indicator is especially useful for those who trade currency pairs like EUR/USD, USD/JPY, or GBP/USD, as it highlights which direction the market is favoring. Benefits of Using the Indicator Using this indicator helps traders reduce guesswork and make more confident decisions.…

Tesla received a ride-hailing permit this week from Arizona regulatorsopening the door for the automaker to begin operating a robotaxi service in the state Tesla applied for permit on November 13 Tesla met the requirements to operate as a TNC and is permitted as of November 17permit is the final regulatory step to launch a robotaxi service in Arizona This article was written by Eamonn Sheridan at investinglive.com. Source link

EUR/CAD appears to have completed a reversal chart pattern and is currently testing its neckline. Will it break out and confirm a new trend soon? Better keep your eyes on this support zone on the 4-hour time frame! EUR/CAD 4-hour Forex Chart by TradingView Improving economic data from Canada appear to be weighing on easing expectations for the Bank of Canada (BOC), giving the Loonie a fighting chance against its forex counterparts. EUR/CAD slid back down to test its head and shoulders neckline support around the 1.6200 major psychological mark, and a break lower could signal that a downtrend is…

EUR/USD is back near a key area of interest after pushing above a major resistance zone! Will the pair head higher in the next trading sessions? Let’s zoom in on the 4-hour time frame: EUR/USD 4-hour Forex Chart by TradingView The release of better-than-expected mid-tier U.S. reports and less dovish remarks from FOMC members got traders second-guessing their December interest rate cut speculations. Meanwhile, mixed mid-tier data from the Euro Area and ongoing tensions between Russia and Ukraine may be keeping a lid on EUR demand. All these may change in the next few days as the Fed releases its…

USD/CAD rebounds after registering 0.5% losses in the previous session, trading around 1.4000 during the Asian hours on Wednesday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) comes under downward pressure amid lower crude Oil prices. West Texas Intermediate (WTI) Oil price halts its four-day winning streak, slipping to near $60.40 per barrel at the time of writing.Crude Oil prices weakened following another inventory build in the United States (US). The latest American Petroleum Institute (API) report showed US crude stocks rising by 4.4 million barrels last week, the third straight weekly increase and the largest in over five…

Loose wire led to power outage before March 2024 Baltimore ship crash, NTSB says Source link

Deutsche Bank says gold’s role as a portfolio diversifier remains intact, even as its traditional negative correlation with risk assets has become less reliable in recent years. In a new note, the bank argues that official-sector buying, not financial-market positioning, continues to be the dominant force supporting bullion prices.Analysts expect central banks and reserve managers to keep stepping in on bouts of weakness, reinforcing a structural floor under the market. By contrast, ETF investors appear less inclined to buy dips while realised volatility stays elevated, limiting the responsiveness of retail and institutional flow-driven demand.Deutsche Bank maintains that sustained official-sector accumulation…

Markets traded in choppy fashion on Tuesday as traders navigated escalating China-Japan tensions, mixed central bank commentary, and disappointing Canadian housing data, with the U.S. dollar ending essentially flat against major currencies while commodities and Bitcoin recovered from early-session weakness. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Bank of Japan Governor Kazuo Ueda reaffirmed on Tuesday that the central bank will remain data-dependent for any future rate increases and emphasized a cautious approach, noting that the BOJ is gradually winding down its easing support to…