Author: FX
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…
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…
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 extends losses for a third day, set for first weekly decline in four weeks.The Australian Dollar weakens as the Fed-driven US Dollar rebound and soft jobs data weigh on the Aussie.Fed Governor Stephen Miran advocates deeper cuts, signaling internal divergence on future policy directionThe Australian Dollar (AUD) trades on the back foot against the US Dollar (USD) on Friday, with AUD/USD extending its decline for the third straight day. The pair is set to end the week in negative territory for the first time in four weeks, as the Greenback’s post-Fed recovery continues to sap demand for risk-sensitive currencies.At…
Federal Reserve (Fed) Bank of San Francisco President Mary C. Daly noted late on Friday that the Fed’s move to cut rates was to try and bolster a weakening labor market, noting a pointed softening of the US economy over the past year.The comments come at a time when the Fed is facing not only additional scrutiny from the rate-cut-hungry Trump administration, but also questioning looks from markets about the Fed’s political independence. Stephen Miran was confirmed by US Congress for his seat at the Fed’s voting table just this week and sworn in an hour before the Fed’s latest…
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 Dow Jones climbed into 46,250 on Friday, adding another bullish day on the backend.Equities have risen after the Fed trimmed interest rates through the midweek.Coming up next week: PMI survey results and another round of PCE inflation data.The Dow Jones Industrial Average (DJIA) chalked in another slim but decisive gain on Friday, bringing the major equity index’s weekly performance to around a full percentage point gain. The Dow Jones has climbed into record highs on the back of the Federal Reserve’s (Fed) latest rate cut, and investors are positioning themselves for a series of consecutive follow-up cuts through the…
The Canadian Dollar found a foothold on Friday, reversing early losses.Canadian Retail Sales contracted more than expected in July, but Loonie bulls shrugged off the data forecast miss.The Canadian Dollar stood out as the strongest-performing currency on Friday.The Canadian Dollar (CAD) shrugged off broad-market performance on Friday, chalking in a 0.15% gain against the US Dollar (USD), the second-best currency on the books for the day. Loonie traders shrugged off a wide missfire in Canadian Retail Sales figures from the summer, rejecting the day’s early losses and sending the Canadian Dollar up 0.41% bottom-to-top against the Greenback.Canadian Retail Sales missed…
Gold bounces from weekly lows near $3,630, trades at $3,668 in North American session.Bullion bulls ignore strong US Dollar, high US Treasury yields.Swiss exports to US collapse on tariff confusion, but China and India demand surged, underpinning Bullion.Gold price reverses its course on Friday after printing back-to-back bearish session, rises over 0.69% despite overall US Dollar strength across the board. Buyers emerged near the lows of the week at around $3,630 and drove the non-yielding metal higher. The XAU/USD trades at $3,670 during the North American session.XAU/USD recovers after Fed cut, outlook buoyed by low-rate environment and resilient Asian demandBullion…
All 24 economists surveyed expect Banxico to lower rates despite inflation ticking up to 3.57% in August.Bank of America notes Banxico could ease more aggressively if Fed cuts continue and Dollar weakness persists.Banco de Mexico (Banxico), Mexico’s central bank is expected to reduce its main reference rate by 25 basis points to 7.50% on September 26, revealed a Reuters poll.Reuters poll shows unanimous expectations for a 25 bps cut, with analysts eyeing further easing into NovemberThe survey showed that all 24 economists see Banxico’s cutting rates, as inflation edged slightly up to 3.57% from 3.51% but it remains within the…