Author: FX

Pound Sterling underperforms as soft UK job data boosts BoE dovish betsThe Pound Sterling (GBP) underperforms its major currency peers, except the Japanese Yen (JPY), on Wednesday. The British currency faces selling pressure amid growing expectations that the Bank of England (BoE) will resume its monetary expansion cycle at the December meeting. Read more…GBP/USD: Likely to edge higher within a range of 1.3065/1.3230 – UOB GroupPound Sterling (GBP) is likely to trade in a range between 1.3120 and 1.3185. In the longer run, GBP is likely to edge higher within a range of 1.3065/1.3230, UOB Group’s FX analysts Quek Ser…

V2X announces sale of 2.25M shares by Vertex Aerospace Source link

Fundamental OverviewThe USD remains weak across the board as market participants now await the key US data releases with the government shutdown expected to end this week. Yesterday, we saw some more weakness following soft weekly ADP data that showed job losses in the second half of October. The weakness didn’t hold though as the US dollar eventually regained some ground. It seems like the market is now just waiting for the government data to confirm the weakness and the December cut. In fact, the market pricing is still standing around 64% probability for a December cut.On the JPY side,…

Gold (XAU/USD) reverses an intraday dip to sub-$4,100 levels and trades with a mild negative bias just below a three-week top during the early part of the European session on Wednesday. A positive development towards reopening the US government remains supportive of the risk-on mood and acts as a headwind for the safe-haven precious metal. Apart from this, a goodish pickup in the US Dollar (USD) demand turns out to be another factor exerting some pressure on the commodity.The upside for the USD, however, seems capped amid expectations that an economic fallout from a prolonged US government shutdown might prompt…

The Change Percentage MT4 Indicator is a simple yet powerful tool designed to measure the percentage change of an asset over a specific time frame. Instead of manually calculating price differences, traders can instantly view how much the market has moved, whether up or down. This feature is especially useful for identifying active trading sessions, strong momentum, or sudden market reversals. How It Helps Traders By displaying percentage movements clearly on the chart, the indicator allows traders to compare volatility across different assets or time frames. For example, if EUR/USD shows a 0.75% rise while GBP/USD gains only 0.40%, the…

South Korea to maintain backing for UN resolution on North Korea human rights Source link

The U.S. dollar is turning higher from a key technical support zone! Think the Greenback is due for a days-long upswing? Here’s what we’re seeing on the 4-hour time frame: U.S. Dollar Index (DXY) 4-hour Forex Chart by TV Weak U.S. jobs data and growing expectations of a December Fed rate cut overshadowed easing government shutdown concerns earlier this week, pulling the U.S. dollar lower against most of its peers. That could change in the coming days as more top-tier data roll in from other major economies and as the U.S. releases its backlog of economic reports following the government’s…

Will October’s labor market figures add fuel to RBA rate cut speculation? Analysts believe this month’s numbers would point to gradual cooling rather than sharp deterioration. Here are the points you need to know if you’re planning on trading Australia’s jobs release: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link

NZD/USD has formed lower highs and lower lows within a descending channel on its 4-hour time frame. Are sellers just waiting to hop in on another resistance test? Take a look at this area of interest spanned by the Fibonacci retracement levels! NZD/USD 4-hour Forex Chart by TradingView Strengthening RBNZ rate cut expectations, highlighted by disappointing quarterly labor market data from New Zealand, appear to be dragging the Kiwi further south as the central bank decision draws closer. At the same time, the U.S. dollar has found support from Powell’s less dovish FOMC presser and the possibility of the government…

Chinese banks reportedly issuing ‘phantom loans’ to hit targets amid weak economyChinese banks are reportedly resorting to “quick-lend-and-recover” tactics to meet government-mandated lending quotas as real-world demand for credit falters in the slowing economy.According to bankers, this practice involves issuing short-term loans, only to reclaim them weeks later. The strategy helps banks meet official targets on paper, but the money never makes it into the real economy.Regulators have pledged to crack down on this behaviour, which they describe as “funds circulating within the banking system.” State-owned banks have previously been found issuing loans just before assessment periods, only to withdraw…