Author: FX
EUR/GBP trades slightly lower on Friday, around 0.8780 at the time of writing, down 0.13% on the day, reverting early daily gains, but maintaining a solid weekly uptrend of about 0.60%. The Euro continues to find support against the British Pound (GBP), which remains under pressure due to mounting concerns over the United Kingdom’s (UK) public finances, while upbeat remarks from the European Central Bank (ECB) bolster investor confidence.On Thursday, the ECB left all three key interest rates unchanged, confirming that monetary policy is now “well-calibrated.” President Christine Lagarde emphasized that the central bank is “in a good place” and…
The Pound Sterling (GBP) extends its losing streak against the US Dollar (USD) for the fourth trading day on Friday. Source link
I have been writing about the k-shaped economy this week but we’re increasingly in a k-shaped stock market. The S&P 500 hit a record this week but yesterday, 9% of stocks in the S&P 500 hit a 52-week low.This is a market that’s being carried by some Mag7 names and the AI trade.AbbVie (ABBV) — Fell 1.6% after another weak quarter in its aesthetics segment despite strength in new anti-inflammatory drugs.Amazon (AMZN) — Up 13.5% on strong earnings ($1.95/sh vs. $1.57 est.) and $180.2B in revenue, beating expectations.Apple (AAPL) — Added 2% after topping Q3 earnings and revenue forecasts and…
Thanks to the advancement of technology, you no longer need to be a full-time forex broker or floor trader to have access to the markets. You can simply hop online and trade even from the comforts of your toilet seat. This, in turn, has led to an increase in part-time traders. This group of people includes students, young professionals, and old retirees – basically anyone who has to allocate most of his or her time to other endeavors, but still want to dip their hands into the markets. The problem with part-time trading is that understanding the markets can be…
US Dollar (USD) is likely to consolidate between 7.1000 and 7.1180. In the longer run, the weakness in USD has stabilized; it is likely to range-trade between 7.0920 and 7.1280, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Weakness in USD has stabilized24-HOUR VIEW: “Yesterday, we expected USD to ‘range-trade between 7.0900 and 7.1080’. We did not expect the strong advance that reached a high of 7.1178. The sharp rise appears excessive, and USD is unlikely to advance much further. Today, USD is more likely to consolidate, probably between 7.1000 and 7.1180.” 1-3 WEEKS VIEW: “In our…
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…
AUD/USD remains subdued for the third successive session, trading around 0.6550 during the Asian hours on Friday. The pair moves little following the release of China’s NBS Purchasing Managers’ Index (PMI) data. It is important to note that any shift in China’s economic conditions could also affect the Australian dollar (AUD), given the close trade ties between China and Australia.China’s NBS Manufacturing Purchasing Managers’ Index dropped sharply to 49.0 in October, following 49.8 recorded in September. The reading came in above the expected 49.6 figure in the reported month. Meanwhile, the NBS Non-Manufacturing PMI unexpectedly rose slightly to 50.1 against…
Newmark Group (NMRK) arranged a $600 million total loan package on behalf of West Shore, with proceeds supporting the refinancing of more than $250 million in existing debt across five stabilized properties. The closing marks West Shore’s second SASB transaction in the past 12 months, exemplifying the firm’s continued growth among the most active multifamily owners in the Sunbelt region. Source link
Heavy rains in New York kill two, disrupt flights Source link
Spot gold prices just popped up a solid bullish candlestick after days of losses! Think the yellow metal is ready to extend a longer-term trend? We’re checking out the daily time frame today: Gold (XAU/USD) Daily Chart by TradingView Spot gold edged higher alongside the U.S. dollar on Thursday as traders weighed fiscal concerns amid the ongoing U.S. government shutdown and continued uncertainty over U.S.-China trade relations. Some may also have shifted their focus to fiscal risks, while others appeared to be taking profits ahead of the month’s close. Meanwhile, the Greenback continued to draw bullish demand after Fed Chair…