Author: FX

The major US stock indices closed higher for the 5th consecutive day. Despite the gains the NASDAQ is closing lower on the month for the 1st time since March (-1.51%). The S&P eked out a small gain of 0.13% for the month. The Dow industrial average rose 0.32% for the month.For the trading day: Dow industrial average rose 289.30 point or 0.61% at 47716.42.S&P index rose 36.48 points or 0.54% at 6849.09.NASDAQ index rose 151 points or 0.65% at 23365.69This month, there was a disparity of winners and losers. Looking at some of the big names:Nvidia had its worst month…

In the video above, I take a look at the major currencies versus the US dollar from a technical perspective as the week comes to a close and traders look toward the new trading week.What is the bias, the risks and the targets for each?. Prepare for the new week, by understanding the key risk and bias defining levels for your trading. This article was written by Greg Michalowski at investinglive.com. Source link

West Texas Intermediate (WTI) US Oil trades around $59.30 on Friday at the time of writing, posting a 0.50% daily gain as investors adopt a cautious stance while monitoring ongoing efforts toward a Russia-Ukraine peace agreement.Market participants note that any potential breakthrough could eventually ease sanctions on Russian Crude Oil and release some restricted supply, although meaningful changes would likely be gradual and contingent on a concrete deal.Russian President Vladimir Putin indicated that proposals conveyed by US President Donald Trump could help shape a future security framework, expressing openness to further negotiations. On the Ukrainian side, President Volodymyr Zelenskiy confirmed…

Gold (XAU/USD) edges higher on Friday after a bout of volatility sparked by the CME trading outage briefly dragged prices lower. At the time of writing, XAU/USD is trading around $4,209, with the metal on track to notch its fourth straight monthly gain.Overall sentiment remains tilted to the upside as traders price in a greater likelihood of a Federal Reserve (Fed) rate cut in December, following dovish-leaning remarks from key policymakers earlier in the week. At the same time, the Russia-Ukraine peace talks remain fragile, keeping geopolitical risks elevated and offering a supportive backdrop for Gold.Market movers: CME halt, Fed…

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…

European indices are closing with modest gains for the day but solid gains for the week. Today’s gains were led by Italy’s FTSE MIB with a gain of 0.32%.A snapshot of the closing levels shows:German DAX, +0.25%France’s CAC +0.29%UK’s FTSE 100 +0.27%Spain’s Ibex +0.06%Italy’s FTSE MIB +0.32%For the trading week,German DAX, +3.19%France’s CAC + 1.75%UK’s FTSE 100 +1.90%Spain’s Ibex +3.47%Italy’s FTSE MIB +1.63%As London/European traders head for the exits, with US stock traders not far behind at 1 PM ET, the major indices are higher led by the Dow industrial average:Dow industrial average +0.68%S&P index +0.43%NASDAQ index +0.38% Source link

hapabapaUpdated 11:29ET with statement from Amazon. Amazon (AMZN) employees at nine German warehouses were on strike on Black Friday, seeking a collective bargaining agreement and better wages from the e-commerce giant, Reuters reported Friday. Services union Verdi says approximately 3,000 Source link

After a quarter severely impacted by trade tensions, the Canadian economy returned to growth in Q3 with an annualized increase of 2.6%, surprising economists by a wide margin. Trade data was the main driver of this volatility, significantly boosting growth in the third quarter after holding it back in the second, National Bank of Canada economists note. Trade-driven GDP surge seen as unsustainable”This time around, the sharp drop in imports alone accounts for all the growth in the quarter, while exports essentially stagnated after last quarter’s strong decline. We note that Statistics Canada pointed out that, given the U.S. government…

The British Pound (GBP) treads water against the Japanese Yen (JPY) on Friday as the latest Tokyo inflation data keeps the Bank of Japan (BoJ) firmly on a tightening path. At the time of writing, GBP/JPY is trading around 206.70, though the cross remains on track to log its third straight weekly gain as the Yen stays under sustained pressure amid fiscal concerns following the approval of a large stimulus package.The Statistics Bureau of Japan reported that Tokyo’s headline Consumer Price Index (CPI) rose 2.7% YoY in November, matching market expectations and easing from 2.8% in October. The measure that…

GBP/USD edges lower to 1.3220 as market leans bearish post-budgetGBP/USD dips during the North American session on Friday, despite heading into the end of the week with gains of almost 1%, after the financial markets digest the Autumn Budget. The pair trades at 1.3221 after retreating from a daily high of 1.3244. Read More…GBP/USD gains near 1.3250 amid rising Fed rate cut betsGBP/USD continues its winning streak for the seventh successive session, trading around 1.3240 during the Asian hours on Friday. The pair strengthens as the US Dollar (USD) weakens amid growing expectations of a Federal Reserve (Fed) rate cut in December.…