Author: FX

GBP/USD clings to minimal gains on Friday amid the lack of economic data releases in the UK, as markets digest scarce economic data amid the ongoing US government shutdown. The pair trades at 1.3148, up 0.10% after hitting a daily low of 1.3095.Sterling edges higher as Dollar steadies; weak US sentiment data and Fed comments cap market optimismThe Greenback has recovered some ground during the week, yet it remains poised to end with losses of 0.27%, according to the US Dollar Index (DXY), which measures the buck’s value against a basket of six currencies. The DXY is at 99.45 after…

Gold (XAU/USD) trades slightly firmer on Friday, holding within the familiar $3,900-$4,050 range as the prolonged United States (US) government shutdown and cautious sentiment across global markets keep safe-haven demand steady. At the time of writing, XAU/USD is trading around $4,000, up nearly 0.50% on the day after ending Thursday with modest losses.Gold draws mild support from softer risk appetite, with global equity indices edging lower amid weakness in US technology and AI-linked stocks. Investors remain wary of stretched valuations and the potential for further market correction, prompting some rotation into defensive assets.The precious metal also finds a safety bid…

After the selling yesterday, we’re starting to see signs of caution again in markets today. Risk appetite held steadier early in the day but is now beginning to turn once more. It’s clear that there’s some modest de-risking taking place across broader markets this week, with Bitcoin once again set to be put to the test of the $100,000 mark as well.As for stocks, we’re seeing things turn lower now in European morning trade. The DAX is down 0.6% and CAC 40 down 0.3% on the day. This comes as S&P 500 futures are also dropping, seen down 0.1%, with…

Pound Sterling (GBP) has bounced after the BoE’s steady decision, but with Governor Bailey leaning toward a December cut, downside risks for GBP remain, ING’s FX analyst Chris Turner notes.BoE hold lifts GBP”Sterling is enjoying a modest recovery after the Bank of England left rates unchanged yesterday. However, it now seems Governor Andrew Bailey is the swing voter and minded for a December cut. That outcome is only priced with a 70% probability right now, meaning that there is scope for lower short-term rates and a weaker pound.” “Expect EUR/GBP to find good support if it gets anywhere near the…

Kinwun/iStock via Getty ImagesArcher Aviation (ACHR) shares were nearly 10% down premarket on Friday, a day after it released its Q3 results, announced its acquisition of Hawthorne airport in Los Angeles, and highlighted $650M in additional fundraising. Operating expenses rose Y/Y to $174.8M, leading to a Source link

The Doda EMA MT4 Indicator is based on the Exponential Moving Average (EMA), one of the most trusted tools in technical analysis. Unlike standard moving averages, the EMA gives more importance to recent price data, allowing it to react faster to market changes. The Doda EMA simplifies this concept by automatically identifying the trend and showing traders when the market is bullish or bearish. It’s ideal for beginners who want to trade confidently and for professionals who prefer quick and accurate signals. Key Features and Benefits This indicator adjusts smoothly to changing market conditions. It provides color-coded signals, usually green…

Tesla shareholders overwhelmingly approved a new 10-year, US$1 trillion performance-based pay package for CEO Elon Musk, tied to highly ambitious milestones. To receive it, Musk must steer Tesla to produce 20 million vehicles, operate 1 million robotaxis, and sell 1 million humanoid robots, while the company’s valuation climbs from US$1.5 trillion to US$8.5 trillion.The decision initially boosted tech sentiment, with E-mini Nasdaq futures rallying in early (US) evening trade. But the optimism faded after reports that the White House would block Nvidia’s sale of its scaled-back AI chips to China, reversing earlier signals from President Donald Trump that such exports…

GBP/CAD is approaching a key inflection point after finding support earlier this month. Will the broken support level serve as resistance this time? We’re checkin’ out the pair’s 4-hour chart! GBP/CAD 4-hour Forex Chart by TradingView Traders backed away from risk on Thursday as worries over U.S. growth and the government shutdown talk dragged on. That meant selling currencies tied to commodities, including the oil-linked Canadian dollar. The British pound took hits, too. The Bank of England (BOE) kept rates steady in November, but the vote was tighter than anyone expected, which basically told the market that a December rate…

China’s Trade Balance for October, in Chinese Yuan (CNY) terms, arrived at CNY640.4 billion, narrowing from the previous figure of CNY645.47 billion.Exports declined 0.8% YoY in October vs. 8.4% in September. The country’s imports rose 1.4% YoY in the same period vs. 7.5% recorded previously.In US Dollar (USD) terms, China’s Trade Surplus expands less than expected in October.Trade Balance arrived at +90.07B versus +95.60B expected and +90.45B prior.Exports (YoY): 1.1% vs. 3.0% expected and 8.3% last.Imports (YoY): 1.0% vs. 3.2% expected and 7.4% previous.Market reaction to China’s Trade BalanceAUD/USD extends losses around 0.6473 in an immediate reaction to the Chinese trade data. The pair…

Oil heads for second weekly loss as supply concerns weigh Source link