Author: FX

Gold (XAU/USD) erases earlier gains on Friday as a firmer US Dollar (USD) tempers bullish momentum, with the metal oscillating within the familiar range that has defined price action this week. At the time of writing, XAU/USD is trading near $4,215, with dovish Federal Reserve (Fed) expectations continuing to offer a supportive backdrop, helping limit downside despite the intraday pullback.The US Dollar bounced off earlier lows after the delayed US Personal Consumption Expenditures (PCE) report for September offered no surprises. Core PCE, the Fed’s preferred gauge, rose 0.2% MoM, matching expectations, while the annual rate eased to 2.8% from 2.9%.Headline…

Shares of Netflix (NFLX) are under pressure, dropping over 3% following the announcement that it has reached a deal to acquire Warner Bros. Discovery (WBD). The acquisition is priced at $30 per share, valuing the total deal at $82 billion.The negative reaction from investors isn’t necessarily about the quality of the WBD asset, but rather what the purchase signals about Netflix itself. This move effectively admits that the company’s organic growth engine has stalled; to expand now, they are forced to buy revenue rather than build it. Netflix has historically commanded a premium valuation over its competitors because it possessed…

The EURUSD is trading to new session lows and in the process is breaking below 3 technical levels:100 day moving average at 1.1644100 hour moving average at 1.1641The broken 38.2% retracement at 1.16398The combination of those 3 now set a ceiling level (risk level) for traders looking for more downside. Stay below keeps the sellers in firm control. Move above and there could be some disappointment on the failed break.In the video above, I outline the price action and technical levels in play. This article was written by Greg Michalowski at investinglive.com. Source link

EUR/GBP remains under pressure on Friday as the Euro (EUR) continues to soften against a broadly supported British Pound (GBP). Sterling has held firm since the UK Autumn Budget, even as markets maintain strong expectations for a Bank of England (BoE) interest rate cut at the December 18 meeting.At the time of writing, EUR/GBP is trading around 0.8729, hovering near its lowest level since late October and on track for a third straight weekly decline.From a technical perspective, EUR/GBP has been under steady downward pressure since topping out near 0.8865 in mid-November, a level that marked the year-to-date high and…

Every trader eventually has one of those days when the market feels like it is out to get you. Nothing clicks. Every setup flops. You start wondering if your chart woke up in a bad mood. When that happens, most people do one of two things: They either step back to reset or push harder and try to force a win. If you usually choose the second path, there is a good chance you are forcing your trades. Forcing trades shows up in different ways. Maybe you take setups that do not meet your rules. Maybe you trade bigger than…

Meanwhile, the stats office expects the Italian economy to grow by 0.8% in 2026 and that reaffirms their previous estimate. So, no change on that front to the outlook for next year. This article was written by Justin Low at investinglive.com. Source link

Statistics Canada will release its Labour Force Survey on Friday, and markets are bracing for a weak print. The Unemployment Rate is expected to tick higher to 7% in November, while the Employment Change is forecast to come in flat after a nice gain in October.A weaker report could strengthen the case for the Bank of Canada (BoC) to continue its easing cycle next week after cutting its policy rate by 25 basis points to 2.25% at its October 29 gathering, following the September rate reduction.The Bank of Canada cut its benchmark rate by 25 basis points to 2.25% in…

The JS Levels MT4 Indicator is a simple but powerful tool designed to highlight important price levels directly on the chart. These levels act as natural barriers where the market often reacts, making them useful for entries, exits, and risk management. Instead of manually drawing lines over and over again, the indicator updates these levels automatically. This saves the trader time and helps them keep their charts clean while still understanding the market’s main reaction points. How It Helps Traders Make Better Decisions This indicator is especially helpful for traders who struggle with identifying support and resistance accurately. It shows…

CAD/CHF is pushing up against the top of its Double Bottom pattern ahead of a key Canadian data release! The pair is flirting with a breakout, but the bears are circling and trying to keep price contained below the .5750 line. Will we see an upside breakout in the next trading sessions? CAD/CHF Daily Forex Chart by TradingView In case you were too busy debating why Pantone chose ̶W̶h̶i̶t̶e̶ Cloud Dancer as Color of the Year 2026, Canada has been swinging and missing on its data this week. Manufacturing PMI, quarterly labor productivity, and the IVEY PMI all came in…

The People’s Bank of China appears to be pushing back against market expectations for the yuan to strengthen beyond the 7.00 psychological level, signalling that authorities are now more comfortable with stability than further appreciation. After weeks of guiding the currency stronger, the PBOC abruptly shifted tone: Thursday’s USD/CNY fixing widened to a +150-pip adjustment (from +80 pips), slowing the yuan’s climb as it hovered near a 14-month low in USD/CNY termsOn Friday the central bank almost fully removed the strengthening bias amid a rebound in the U.S. dollar, setting the fix close to market estimates. The move suggests the…