Author: FX

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.…

The AUDUSD is breaking to a new high on the day with the price moving away from the 100 day MA at 0.65316 an above the ceiling for the week from yesterday’s high and the earlier high for the day near 0.6540. That has given the buyers the go-ahead to push higher iwth 0.6551 and then another swing area at 0.6561 to 0.6564 as the next target above that level. The close traders risk is now the 0.6540 area and then the 100 day MA. Moving back below those levels would disappoint the buyers on the break(s) higher today. Meanwhile,…

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GBP/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.Sterling pares weekly gains as dovish Fed bets rise but BoE cut expectations weigh on CableThe US economic docket was shortened by the Thanksgiving holiday. Nevertheless, softer inflation prints, with the Core Producer Price Index (PPI) for September diving from 2.9% to 2.6% and a dip in Initial Jobless Claims from 222K in the week ending November 15…

EUR/CAD trades around 1.6180 on Friday at the time of writing, down 0.50%, as macroeconomic developments strengthen the Canadian Dollar (CAD) while leaving the Euro (EUR) lacking momentum. The European currency reacts to mixed data, whereas the Canadian economy showed a stronger-than-expected recovery in the third quarter.In the Eurozone, Friday’s releases paint a contradictory picture. In France, the preliminary Harmonised Consumer Price Index (HICP) remained subdued at 0.8% YoY in November, below expectations and unchanged from the previous month. Italy delivered a more encouraging signal, with Q3 Gross Domestic Product (GDP) rising 0.1% QoQ, slightly above forecasts, and the annual…

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…

Canada’s Q3 GDP delivered a major upside surprise, lifting CAD and raising the bar for BoC easing. Markets now see USD/CAD capped near 1.41 with potential toward 1.38 by year-end, TDS’ analysts note. USD/CAD seen capped at 1.41, targeting 1.38″Q3 GDP surprised sharply to the upside with a 2.6% q/q annualized gain, well above expectations for a muted rebound from Q2 (TD/market: +0.5%). Not all details were as upbeat with domestic demand down 0.1%, but historical revisions did also produce a positive level shock to 2024Q4.””Industry-level GDP rose by 0.2% m/m in September to match expectations, as upward revisions translated…

The major US indices are trading higher in the shortened trading day today. The major indices will close at 1 PM ET.The gains of modest with the S&P up 0.24%, the Dow industrial average up 0.29%, and the NASDAQ index up 0.32%. Each of the major indices have been higher for 4 consecutive days. Can they make it 5?Meta shares are up 1.17%Nvidia shares are down -1.04%. Microsoft is higher by 1.23%, Alphabet is unchanged. Amazon is up 1.19% as hopes for Black Friday sales propelled it. Broadcom is up 0.94% and chipping away at the -1.84% decline for the…

Market Overview and Sector DynamicsThe U.S. stock market painted a mixed picture today, with notable gains in select technology and consumer cyclical stocks, alongside pockets of decline within key sectors. Overall sentiment remains cautious but optimistic, with investors digesting the latest economic indicators and earnings reports.📈 Technology Sector: Mixed ResultsGoogle (GOOGL) Surges: Google emerged as a standout performer, climbing 1.24%, reflecting sustained investor enthusiasm in the internet content segment.Intel (INTC) Leads Semiconductors: In an impressive gain, Intel shot up by 4.42%, spotlighting renewed interest in semiconductor infrastructure, while Nvidia (NVDA) slipped by 0.83%, suggesting investor hesitancy around certain high-growth areas.Oracle…

The USDCHF is experiencing choppy two-way price action today as buyers and sellers fight for control. On the topside, the rally stalled inside a key swing zone between 0.8066 and 0.8076. The high reached 0.8071 before rotating lower, reinforcing the importance of that resistance area. A break above it is required to shift momentum and give buyers greater control. Until that happens, sellers remain very much “in play.”On the downside, focus is on the 100-bar MA on the 4-hour chart and the 61.8% retracement of the October downswing, both clustering near 0.8027. That zone needs to be broken—and held below—…