Author: FX

Australia released stronger-than-expected inflation data, as the headline annual CPI reading jumped to 3.2% and surpassed its central bank’s 2-3% target range. How did the Australian dollar react, and which among our watchlist setups yielded the best trading opportunity? Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our “Watchlist” picks right when they are published throughout the week, check out our BabyPips Premium subscribe page to learn more! We’re…

Sector Overview: Technology Leads the ChargeThe technology sector is showing robust gains today, primarily driven by remarkable performances in semiconductors and consumer cyclical sectors. Nvidia (NVDA) leads the surge with an impressive 3.14% increase, while Micron Technology (MU) follows with a 5.72% uptick. These movements signify strong investor confidence amidst positive industry developments.Semiconductors: Powering ThroughNvidia (NVDA): Up by 3.14%, indicating robust investor enthusiasm.Micron (MU): Leads the sector with a 5.72% gain, reflecting positive sentiment.AMD and Intel: Also in green, showing increases of 1.49% and 0.77% respectively, pointing to overall sector strength.Consumer Cyclical and Communication ServicesAmazon (AMZN) shines brightly, posting a…

The Euro (EUR) strengthens against the Swiss Franc (CHF) on Monday, as the Franc weakens broadly after Swiss inflation unexpectedly cooled in October. At the time of writing, EUR/CHF is trading around 0.9298, extending gains for the second consecutive day.The latest figures from the Swiss Federal Statistical Office showed that the Consumer Price Index (CPI) fell 0.3% MoM in October, steeper than the 0.1% decline expected and following a 0.2% drop in September. On a yearly basis, the CPI rose 0.1%, easing from 0.2% in September and missing the market forecast of 0.3%.The softer-than-expected inflation data, hovering near the lower…

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…

Gold (XAU/USD) attracts fresh buyers near the $3,963-3,692 region at the start of a new week and builds on its steady intraday ascent through the early part of the European session. The move up is sponsored by reviving safe-haven demand, bolstered by comments from US President Donald Trump, suggesting that his administration may restrict the flow of artificial intelligence (AI) hardware to its strategic rival, China. Moreover, concerns about economic risks stemming from a US government shutdown and a modest US Dollar (USD) downtick from its highest level since early August turn out to be other factors undermining the precious…

Supreme Court won't stop Trump's tariffs. Deal with it, officials say Source link

EUR/AUD is back at a major support zone for a FOURTH time since September! The pair’s been holding this area pretty well so far, but traders are watching to see if the bulls have enough fuel left to defend it again. We’re taking a closer look at the 4-hour time frame: EUR/AUD 4-hour Forex Chart by TradingView Expectations that the Reserve Bank of Australia will keep policies steady this week have been lifting the Aussie, especially after last week’s hotter-than-expected CPI basically killed near-term rate cut hopes. Over in the Euro Area, mixed mid-tier data and renewed tariff worries could…

We’ve all seen the amazing things ChatGPT can do. The good news is that advanced AI trading tools are now bringing similar benefits to retail forex traders. However, a lot of marketing hype surrounds AI trading. Many forex traders wonder where the line is between truth and marketing fluff. Can artificial intelligence really deliver consistent profits in trading? In this article, we’ll look at where AI really adds value for traders, and where it’s just hyped-up marketing spin. What is Forex AI Trading? Forex AI trading is algorithmic trading that has been improved with artificial intelligence. Old-fashioned trading algorithms can…

EUR/CHF has been cruising below a descending trend line on its 4-hour time frame and looks ready to test resistance once again. Will the area of interest still hold? Take a look at this confluence of inflection points! EUR/CHF 4-hour Chart by TradingView Another tariffs tirade from Trump and China triggered strong safe-haven rallies in early October, bringing in strong demand for the lower-yielding gold-correlated Swiss franc. However, trade war jitters faded last week when the U.S. and China struck a truce, leading CHF to retreat from its climb and EUR/CHF to pull up from its downtrend. Is this a…

The Kremlin said on Friday that Moscow places high importance on Russian Prime Minister Mikhail Mishustin’s upcoming visit to China, viewing it as a key event in the two countries’ growing strategic partnership. A Kremlin spokesperson told reporters that Russia hopes Mishustin will meet with Chinese President Xi Jinping during the trip, describing such engagement as part of the nations’ “established traditions” of close bilateral dialogue.“We look forward to this visit and consider it very important” Mishustin is scheduled to visit China on November 3–4, where he will attend the 30th annual meeting of Russian and Chinese prime ministers alongside…