Author: FX

To keep liquidity ampleThe external situation remains unstable and uncertainChina’s economy is facing many risks, challengesNeed to consolidate the economic recoveryTo strengthen transmission of monetary policyTo maintain prices at a reasonable levelWill stabilise growth, jobs, expectations; maintain forex flexibilityTo increase efforts to support consumption, tech innovationThere’s nothing new here as the PBOC continues to reaffirm their pledge to keep more easy monetary policy conditions in trying to prop up the economy. Sentiment in China has definitely improved this year and avoiding a trade war with the US is definitely helping. However, domestic demand remains weak – if not dead in…

In an interview with a Spanish newspaper, Expansion, on Tuesday, European Central Bank (ECB) board member Frank Elderson shared his view on the inflation outlook.Key quotes”The risks of inflation turning out higher than expected are balanced with those of inflation being lower than expected.”“Overall, what we are now seeing is that it will converge to our 2% target in the medium term.”Market reactionAt the time of writing, EUR/USD is holding steady near 1.1560, unperturbed by these comments. Euro Price Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against…

The Price Distribution MT4 Indicator is designed to display the market’s price activity in a simple, visual form. It plots a histogram or horizontal bars across the chart to show which price levels have seen the most trading activity. The wider the bar, the more time price has spent there, indicating stronger support or resistance zones. Traders can use this information to gauge where price may pause or reverse. It’s especially useful in sideways markets where traditional indicators struggle to define entry or exit points. How the Indicator Helps Traders Unlike basic moving averages or oscillators, this indicator focuses on…

USD/CAD might be gearing up to extend its longer-term uptrend! Think the pair will make new monthly highs in the next couple of days? We’re taking a closer look at the 4-hour time frame: USD/CAD 4-hour Forex Chart by TradingView The U.S. dollar lost ground against several major currencies on Monday as traders warmed to the idea that the government shutdown might actually be ending. That shift had investors buying risk assets again, including the commodity-linked Canadian dollar. The Loonie also caught a lift from higher crude oil prices, which tend to support Canada’s currency whenever energy markets firm up.…

Malaysia searches for Rohingya after boat sinks, toll climbs to 21 Source link

Is EUR/GBP gearing up for a short-term reversal? Better keep your eyes on this neckline test, as a breakout could confirm a new trend for the pair! EUR/GBP 1-hour Forex Chart by TradingView Not even last week’s dovish BOE split seems to have been enough to stop sterling from rallying against the euro! Pound traders could be crossing their fingers for an upbeat U.K. jobs release that could dampen December interest rate cut expectations, possibly resulting to more upside for the currency. Or is the neckline still about to hold as support for now? Remember that directional biases and volatility…

JPMorgan stays bullish, sees U.S. government reopening and NVDA earnings as key near-term catalystsJPMorgan strategists reiterated their tactical bullish stance on equities, calling the recent pullback a buying opportunity ahead of several potential tailwinds, including the likely reopening of the U.S. government.In a note to clients, the bank said a resolution to the shutdown would “buttress current-quarter GDP forecasts” and could release additional liquidity into markets, typically a supportive factor for stocks. Stronger near-term liquidity and improving growth momentum underpinned their constructive view.Another focus is Nvidia’s upcoming earnings, which JPMorgan expects could reassure investors about the durability of the AI-driven…

The Australian Dollar (AUD) declines against the US Dollar (USD) on Tuesday after two days of gains. The AUD/USD pair weakens as the US Dollar (USD) receives support from growing hopes for a potential deal to end the United States (US) federal government shutdown in the coming days.Australia’s Westpac Consumer Confidence jumped 12.8% in November to 103.8, surpassing 100 for the first time since February 2022. The rebound follows a 3.5% decline in October and marks the strongest non-pandemic reading in seven years, driven by improving economic conditions and easing external risks.National Australia Bank’s Business Conditions improved slightly to 9…

The RSI Ichimoku MT4 Indicator is a unique hybrid tool that blends the momentum-measuring capabilities of the RSI with the comprehensive trend-forecasting features of the Ichimoku Cloud. The RSI component focuses on identifying overbought and oversold zones, giving insight into market strength and potential reversals. Meanwhile, the Ichimoku Cloud adds context about trend direction, support, and resistance, making it easier to confirm RSI signals. By merging these two systems, traders get a complete visual overview of the market. The indicator helps filter out weak signals and confirms executing trades. This makes it ideal for traders who…

Intel CEO to oversee its AI efforts after executive departs for OpenAI Source link