Author: FX
The US Dollar (USD) is weakening on Tuesday, with the US Dollar Index (DXY) trading down 0.2% at the time of writing, as investors position themselves ahead of the much-anticipated release of the Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers Index (PMI), scheduled for Wednesday at 14:00 GMT.Traders remain cautious, as a better-than-expected figure could revive expectations of a pause in the Federal Reserve’s (Fed) monetary easing, while further weakness in the manufacturing sector would reinforce bets on additional interest rate cuts by the end of the year.Manufacturing sector still under pressureThe ISM Manufacturing PMI is expected to reach…
EUR/USD extends its gains for a third consecutive day as the US Dollar remains on the defensive.Softer US Consumer Confidence and looming government shutdown risk weigh on the Greenback.JOLTS Job Openings surprise to the upside but fail to boost the US Dollar.The Euro (EUR) edges higher against the US Dollar (USD) on Tuesday, with EUR/USD erasing earlier losses as the Greenback remains on the defensive following the latest batch of US data. Weaker-than-expected consumer confidence figures and concerns over a potential government shutdown in the United States (US) kept the Greenback on the back foot, helping the Euro reverse its…
Gold steadies after setting a fresh all-time high near $3,871 on Tuesday.US shutdown fears rise after White House talks fail to reach a deal.US data failed to boost the Greenback, as weaker Consumer Sentiment offset a modest uptick in Job Openings.Gold (XAU/USD) trims earlier losses on Tuesday, trading around $3,848 at the time of writing. The metal is clawing back gains after sliding from its fresh all-time high near $3,871 to the $3,800 zone, as buyers stepped back in following the release of weaker US Consumer Confidence data.The underlying bid for Bullion remains intact, supported by investor demand for safe…
Trump says will look at going after cartels in Venezuela by land Source link
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…
NGEx Minerals to sell 4M shares in private placement to raise C$100M Source link
The Reserve Bank of Australia (RBA) kept the cash rate unchanged at 3.60% in September, in a widely anticipated decision that reflected the central bank’s cautious approach amid mixed economic signals. The unanimous vote to hold came as recent data suggested inflation might be proving stickier than expected. The RBA struck a cautious tone, noting that “recent data, while partial and volatile, suggest that inflation in the September quarter may be higher than expected.” The board emphasized it would remain data-dependent, stating it was “appropriate to remain cautious, updating its view of the outlook as the data evolve.” Key Takeaways:…
The British pound is gaining pips on the Swiss franc after bouncing from a key support zone! Think GBP/CHF is ready to return to its September highs? GBP/CHF Daily Forex Chart by TradingView Sterling slipped on Monday after BOE’s Ramsden leaned dovish and risk-takers grew nervous about a possible U.S. government shutdown. The Swiss franc wasn’t much better off, since most safe-haven demand flowed into gold and the yen instead. Even so, GBP/CHF bounced back yesterday, stretching the upswing that started from a bounce from the 1.0650 support level on the charts. Remember that directional biases and volatility conditions 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…
The LOC Kijun Sen Channel MT4 Indicator is designed to provide a visual representation of market direction. It builds a channel around price action, based on the Kijun Sen line from the Ichimoku trading system. This channel acts as a dynamic support and resistance zone, making it easier for traders to see where price might reverse or continue trending. By plotting both upper and lower boundaries, the indicator helps traders filter out market noise and focus only on high-probability setups. Why Traders Use This Indicator One of the biggest benefits of the LOC Kijun Sen Channel is its ability to…