Author: FX
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 7.0779 compared to the previous day’s fix of 7.0796 and 7.0733 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…
Kiwi’s recent gains got NZD/USD knocking on a key resistance zone! Think we’ll see an upside breakout this week? Or will Kiwi bears defend the resistance area for another day? NZD/USD 4-hour Forex Chart by TradingView RBNZ’s signals that its easing cycle may be wrapping up, paired with stronger-than-expected quarterly retail sales, had traders scooping up the New Zealand dollar like it was on sale. The U.S. dollar, meanwhile, is struggling to build real momentum as more traders lean into expectations for a December Fed rate cut. Remember that directional biases and volatility conditions in market price are typically driven…
The Trending or Ranging and Trend Strength MT4 Indicator is designed to simplify market analysis. It identifies whether the market is in a trend (moving steadily up or down) or ranging (moving sideways without a clear direction). By highlighting these conditions visually, traders don’t have to spend hours analyzing charts. They can quickly spot profitable zones and avoid choppy, unpredictable areas. This clarity helps beginners make decisions with confidence while giving experienced traders faster insights for their strategies. Trend Strength Analysis Beyond identifying trends, the indicator measures trend strength, indicating whether a trend is weak, moderate, or strong. This information…
Crude oil rebounds as tug-of-war over Ukraine peace deal vs. Fed rate cut continues Source link
National Guard soldiers shot in 'targeted' attack near White House Source link
Markets extended their Thanksgiving week rally on Wednesday as growing Federal Reserve rate cut expectations and an unexpected hawkish tilt from the Reserve Bank of New Zealand overshadowed a chaotic UK budget rollout, sending equities and gold higher while the dollar weakened broadly. Bitcoin stole the spotlight, surging nearly 4% to reclaim the $90,000 level as cryptocurrency traders positioned ahead of the US holiday, while UK assets navigated choppy waters following a premature budget leak that briefly rattled gilt markets before fiscal restraint measures ultimately provided relief. Check out the forex news and economic updates you may have missed in…
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…
Gold (XAU/USD) rises sharply on Wednesday, edging up over 0.80% sponsored by falling US Treasury yields and a weaker US Dollar, as the odds for a rate cut by the Federal Reserve (Fed) remain elevated despite strong economic data in the US. At the time of writing, XAU/USD trades at $4,165 after bouncing off daily lows of $4,127.XAU/USD jumps over 0.80% amid upbeat US jobless and durable goods figuresData in the US revealed that the number of Americans filing for unemployment benefits dipped compared to the previous week, reaching its lowest level since mid-April, according to the US Department of…
FFW declares $0.31 dividend Source link
Crude oil inventories build of 2.774 million versus 0.055 million estimateDistillates inventories build of 1.147 million versus 0.556 million estimateGasoline inventories build of 2.513 million versus 0.745 million estimateRefining utilization 2.3% versus expected 0.8%. Prior was 0.6%Crude oil production 13.814 million barrels versus previous 13.834 million barrelsCrude production change -20 K versus -28K last month Crude oil is currently trading at $57.98 that’s up $0.03 on the day. Geopolitical news involving a hopeful peace agreement between Ukraine and Russia has traders eyeing its impact. The low for the week extended to $57.38. The high is at $60.85. Last week, the…