Author: FX
Acting head of FEMA leaves after short and troubled tenure Source link
Job growth in the U.K. turned out weaker than expected for October, further boosting December BOE easing hopes. With a dynamic broad market environment in play, we thought two pairs were viable candidates to move beyond the watchlist stage. Which of our GBP strategies moved on and how did it all play out? 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
Google is one of the bright spots in stock markets today, as it rallies 2.8% following filing’s showing the Berkshire Hathaway took a $5 billion stake in the third quarter.There are also strong rumors that Google is about to launch something amazing with Gemini 3, potentially taking a big lead in the AI space. Given that it already has search, data and much of the world’s email, it could soon be in a dominant position.We may have just got a sense of what that could look like for the rest of the world. Google today revealed a feature that lets…
The US Dollar (USD) managed to regain fresh upside impulse on Monday, rebounding from recent multi-day lows as market participants continued to gauge upcoming US data releases and the likelihood of further rate cuts by the Federal Reserve.Here’s what to watch on Tuesday, November 18:The US Dollar Index (DXY) added to Friday’s marginal gains, advancing modestly and flirtign with three-day highs around the 99.50 region. The ADP Employment Change Weekly is due, seconded by Factory Orders, the NAHB Housing Market Index and the API’s weekly report on US crude oil inventories. In addition, the Fed’s Logan and Barr are due…
The USDCHF pushed to a new session high in the US morning trade, reaching up to test the falling 100-hour moving average, which currently sits at 0.79602. Sellers leaned against that level on the first touch — the first retest since the pair broke below the 100-hour MA on November 6 — and the price is now trading roughly 5 pips below it.For buyers to build further momentum, the pair must break and hold above the 100-hour MA, with additional confirmation coming from a move above the 38.2% retracement of the decline from the November high at 0.79715.On the downside,…
GBP/USD: Expected to trade between 1.3120 and 1.3200 – UOB GroupPound Sterling (GBP) is expected to trade between 1.3120 and 1.3200. In the longer run, there has been a tentative buildup in momentum, and GBP could test 1.3240, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Read more…GBP: Wild ride on the day – INGIt has been quite easy to lose track of the UK government’s messaging regarding November’s budget, ING’s FX analyst Chris Turner notes. Read more…GBP/USD picks up to 1.3180 with UK fiscal concerns still weighingThe Pound has bounced up from session lows near 1.3135,…
Prior +1.6%HICP +1.3% vs +1.3% y/y prelimPrior +1.8%Slight delay in the release by the source. Core annual inflation is seen dropping slightly to 1.9%, down from 2.0% in September. But as mentioned previously, the main sticking point for the ECB is still mostly Germany. This article was written by Justin Low at investinglive.com. Source link
EUR/USD opened the week on a soft note, and returns to the 1.1600 area at the time of writing, extending Friday’s reversal from session highs above 1.1650. Markets remain moderately averse to risk on Monday, awaiting a backlog of delayed US economic data, which is underpinning support for the safe-haven US Dollar.In the US, President Donald Trump stepped back on tariffs on more than 200 products, including coffee, bananas, and orange juice, acknowledging the impact of higher import costs on inflation and following a series of Democratic victories in local elections. The market reaction to the news, however, was marginal.Later…
USD/CAD looks set to extend a weeks-long uptrend as it trades sustainably above a key inflection point! Will the U.S. dollar aim to return to its November highs this week? We’re taking a closer look at the 4-hour time frame: USD/CAD 4-hour Forex Chart by TradingView Less dovish remarks from FOMC members last week had traders rethinking their expectations for a December rate cut. The tone from policymakers felt a little firmer, and that was enough to make the market blink. Up north, the Canadian dollar is not getting much love, even with crude oil prices ticking higher. Traders seemed…
After the longest U.S. government shutdown in history finally ended, currency markets face a new challenge: figuring out what comes next. Source link