Author: FX

EUR/GBP has pulled back down to a MAJOR area of interest! Are we looking at the best place to jump into EUR/GBP’s longer-term uptrend? We’re checkin’ out the 4-hour time frame: EUR/GBP 4-hour Forex Chart by TradingView Improved risk sentiment and a bit of profit-taking after the anticipated U.K. Autumn Budget release pushed traders back into the British pound over the last few days. The euro, meanwhile, is having a tougher time holding its ground. Risk-taking flows seem to be sliding toward the “riskier” currencies, and a run of mixed mid-tier Euro Area data is not giving EUR much help.…

Trump: Will permanently pause migration from all third world countries to allow U.S. system to fully recover.I will end all federal benefits and subsidies to noncitizens of our country This is in response to the shooting in Washington of two National Guard members. US news: One of the two National Guard members shot in Washington on Wednesday has died This article was written by Eamonn Sheridan at investinglive.com. Source link

The Japanese Yen (JPY) ticks lower during the Asian session on Friday, despite mostly upbeat domestic data, and retreats further from the vicinity of a one-week top against its American counterpart. Investors remain worried about Japan’s deteriorating fiscal condition on the back of the government’s massive economic package, which had been a key factor behind the recent spike in the Japanese government bond (JGB) yields. Apart from this, the prevalent risk-on mood, bolstered by the prospects for lower US interest rates and hopes for a Russia-Ukraine peace deal, is seen undermining the safe-haven JPY.Meanwhile, cautious signals from Bank of Japan…

EUR/CHF just broke above its descending trend line and appears to be climbing above its double bottom neckline, too! How high can it go from here? Take a look at these potential upside targets on the 4-hour time frame. EUR/CHF 4-hour Forex Chart by TradingView This euro pair appears to be bracing for a major reversal after breaking above a descending trend line that had been holding since September, as price is also piercing through the neckline of a double bottom. In addition, the 100 SMA just crossed above the longer-term 200 SMA to suggest that bulls are gaining the…

Core inflation in Japan’s capital brings BOJ closer to a rate hike Source link

Data from South Korea show a mixed picture: industrial output slumped sharply in October even as retail sales rose and service-sector output held up. According to the national statistics office, industrial production in October fell 8.1% year-on-year and 4.0% month-on-month (seasonally adjusted). By contrast, retail sales rose 3.5% month-on-month, while service-sector output slipped modestly by 0.6% month-on-month.That weak industrial performance follows a rebound in September, when overall production rose 1.0% month-on-month (and 6.7% y/y), driven by a 1.8% increase in services — although retail sales dipped 0.1% in September. The divergence suggests private consumption and services remain more resilient than…

Gold (XAU/USD) remains firm during the North American session on Thursday amid a low-volume trading session as US markets remain closed in observance of the Thanksgiving holidays. At the time of writing, XAU/USD trades at $4,158, virtually unchanged.XAU/USD stays firm in thin Thanksgiving liquidity as Fed easing expectations riseOn Thursday, Bullion prices seem to be consolidating amid the lack of news. However, the recent US government reopening opened the door for economic data, which so far reassured that the US jobs market remains solid and that inflation stalled and might resume its downward path.This increased the chances of additional easing…

Peruvian court sentences former President Castillo to over 11 years in prison for rebellion Source link

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The Japanese Yen trims part of its earlier recovery against the US Dollar on Thursday as the Greenback shows resilience in muted, holiday-thinned trading. At the time of writing, USD/JPY is hovering around 156.30, edging higher modestly after briefly touching a daily low of 155.73.The Japanese Yen continues to struggle for any meaningful rebound as fiscal concerns remain front and centre following Japan’s approval of a large stimulus package. The sizeable spending programme unveiled by Prime Minister Sanae Takaichi has reignited worries about the country’s debt sustainability, reinforcing the view that fiscal risks remain tilted to the downside.Adding to the…