Author: FX
Check out this fresh ascending channel forming on the 4-hour time frame of CHF/JPY! Is the pair gearing up for another pullback to the support zone? Here are the correction levels worth keeping tabs on: CHF/JPY 4-hour Forex Chart by TradingView This yen pair has been forming higher lows and higher highs connected by an ascending trend channel that’s been holding since mid-September, as safe-haven flows appear to be favoring the lower-yielding franc. Price is stalling at the channel top, which coincides with R3 (194.62) and could retreat back to nearby support levels marked by the Fibonacci retracement tool. Are…
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.0825 compared to the previous day’s fix of 7.0865 and 7.0964 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…
Traders often face a common challenge: knowing the best times to trade. Entering the market too early or too late can lead to missed opportunities, unnecessary losses, and a lot of frustration. The forex market is active 24 hours a day, but not all hours are equally profitable. Missing peak trading times can mean lower gains and higher risks. The Kolier Market Sessions MT4 Indicator offers a solution by visually showing the major market sessions, London, New York, Tokyo, and Sydney, right on your MT4 chart. By understanding market rhythms, traders can make smarter, more confident decisions. What is the…
Markets suffered another sharp leg lower on Thursday as a growing chorus of anti-cut Federal Reserve officials dampened December rate cut expectations, overshadowing the end of the government shutdown and triggering broad-based selling across equities and crypto while the dollar struggled to find direction. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: U.S. government shutdown officially ends after 43 days as President Trump signs spending bill, though data collection delays persist New Zealand Electronic Card Retail Sales for October 2025: 0.2% m/m (0.4% m/m forecast; -0.5%…
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…
The Dow Jones Industrial Average (DJIA) took a sharp step back on Thursday, declining around 850 points at its lowest and falling away from record highs posted during the midweek market session. US President Donald Trump signed off his formal presidential approval of a short-term funding solution to get the federal government reopened. The temporary funding bill will see federal operations restart until the end of January, and brings an end to what has become the longest US government shutdown in American history.Healthcare stocks and energies saw scattered gains on Thursday, but an ongoing tilt back into more traditional investment…
Alexander Shelegov/iStock Unreleased via Getty ImagesBooking Holdings’ (BKNG) recent quarterly results underscored the company’s ability to gain share within alternative lodging while engaging cost efficiencies, both of which enable the online travel agency (OTA) to reinvest in growth levers toward longer-term targets. “Global travel demand Source link
The Australian labor market just defied expectations, and traders everywhere are wondering what’s next for the Aussie Dollar. Will the Reserve Bank of Australia maintain its hawkish stance in December with another hold? With unemployment steady at an elevated 4.3%, full-time jobs surging, and inflation proving stickier than forecast, AUD/NZD is looking primed for further gains. Dive in as we break down what’s moving the currency, what newbie traders should watch out for, and potential strategies to consider. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable…
Eyes are on bitcoin as it risks falling below $100,000.It’s at the lows of the day, down about $1000 to $100,900, touching just below yesterday’s low. I don’t like the look of that head-and-shoulders on the hourly chart but $100,000 isn’t the really important support level lately as it tested and held $99K twice last week.In any case, the pressure on BTC is a bad omen for tech and particularly chipmakers. Source link
Silver (XAG/USD) declines on Thursday, ending a four-day winning streak. The grey metal trades around $53.00 at the time of writing, down 0.35% on the day, after marking an intraday high at $54.39, just shy of the all-time high at $54.86. The pullback comes as improving market sentiment reduces buying pressure on safe-haven assets.The market mood has improved after the announcement of the end of the US government shutdown. President Donald Trump has officially signed the temporary funding bill, allowing federal operations to resume after the longest budget impasse in US history. This resolution eases part of the political risk…