Author: FX

European Central Bank (ECB) Governing Council (GC) member Joachim Nagel said during Tuesday’s European session that inflation in the Eurozone is practically at target and will stay near these levels.Additional remarksGerman economy may grow by more than 1% in 2027.Eurozone inflation is practically at target and will fluctuate around it.Market reactionEUR/USD has been trading in a tight range around 1.1600 since its opening on Tuesday. ECB FAQs The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to…

FTMO (https://ftmo.com/en/faq/), a global leader in modern prop trading, has completed the acquisition of OANDA Global Corporation (“OANDA”), one of the world’s leading online trading groups. The transaction has been in process since the beginning of this year, when FTMO signed a purchase agreement with the previous owner, CVC Asia Fund IV (“CVC”), subject to customary regulatory approvals. In November, FTMO secured the last necessary regulatory approval, and on December 1, successfully finalized the deal. According to FTMO founders Otakar Šuffner and Marek Vašíček, this marks a key milestone in their journey to build a global trading powerhouse covering modern…

The Instrument MT4 Indicator is designed to help traders view and manage different trading instruments without constantly switching charts. It places an instrument panel directly on the chart, allowing them to pick any asset with a single click. This feature makes the trading process smoother and keeps the charts clean and easy to read. Traders in the United States appreciate tools like this because they save time and help them stay focused during busy sessions. Why This Indicator Is Helpful Instead of opening several windows, the trader can select instruments instantly and stay organised. This reduces screen clutter and makes…

The Japanese Yen (JPY) maintains its offered tone through the Asian session on Tuesday, though the supportive fundamental backdrop warrants some caution for aggressive bearish traders. Bank of Japan (BoJ) Governor Kazuo Ueda signaled on Monday that a December interest rate increase could be under consideration. This, along with intervention fears, helps limit deeper JPY losses.Meanwhile, a generally positive risk tone is seen undermining the JPY’s safe-haven status and assisting the USD/JPY pair to build on the overnight bounce from the 154.65 region, or a two-week low. The US Dollar (USD), on the other hand, struggles to attract any meaningful…

AUD/CAD is heading for a multi-month resistance zone! Think the pair taps the ceiling again and stalls out for another day? Or are we seeing the early signs of an upside breakout? AUD/CAD 4-hour Forex Chart by TradingView Positive Australian data and the market’s relatively less dovish view of the Reserve Bank of Australia’s (RBA) bias helped lift the Australian dollar over the Canadian dollar in late November. However, soft Chinese readings, underwhelming mid-tier Australian data, and a rebound in crude oil prices could put a cap on the Aussie’s gains against the oil-related Loonie. Remember that directional biases and…

Will the Aussie give up pips to relatively stronger currencies this week? Our Event Guide for Australia’s Q3 GDP report suggests that increased business expenditure and trade activity may have contributed to a stronger GDP reading in the third quarter. BUT if the numbers come in weaker than expected, or if the release turns out bearish for the Australian dollar, then AUD/JPY and AUD/NZD may offer trading opportunities. 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…

Hong Kong leader orders independent probe into fire that killed 151 Source link

The ISM manufacturing PMI for November slipped to 48.2 from 48.7 in October, missing the 49.0 consensus to reflect the ninth consecutive month of manufacturing contraction. The deterioration came despite a production rebound, as new orders weakened and tariff-related uncertainty continued to weigh on the sector. Key Takeaways from the November ISM Manufacturing Report The index fell to 48.2 from 48.7, missing expectations and extending the contractionary streak to nine months New orders deteriorated: The new orders index dropped to 47.4 from 49.4, signaling weakening demand after briefly flirting with expansion Production jumped into expansion: The production index surged to…

Remember that XAU/USD symmetrical triangle we were watching a while back? The precious metal just busted through its long-term triangle resistance and could be gearing up for another massive rally. How high can it go? Gold (XAU/USD) 4-hour Chart by TradingView A surge in safe-haven flows early this week has propelled gold past its triangle resistance on the 4-hour time frame, possibly setting up for an uptrend that’s the same height as the chart pattern. However, price looks ready for a quick correction as resistance close to R1 ($4,281.81) seems to be holding. Are more gold bugs waiting to hop…

Powell was scheduled to speak in an hour but the comments are out and they’re not about monetary policy or the economy….as you were. This article was written by Adam Button at investinglive.com. Source link