Author: FX
Gold (XAU/USD) steadies on Thursday after smashing through the $4,000 psychological mark and setting a fresh all-time high of $4,059 on the previous day. At the time of writing, XAU/USD is trading around $4,045, rebounding from an intraday dip near $4,000 as traders consolidate gains following an overextended surge driven by safe-haven demand.The remarkable rally in Gold comes amid a broader “buy everything” across global markets, with US equities, Bitcoin, and even the US Dollar (USD) climbing simultaneously. The simultaneous strength of risk assets and traditional havens reflects a complex mix of optimism over monetary policy easing and lingering uncertainty…
VT Marketshas successfully concluded its inaugural VT Market Dubai Week 2025, a curated event that combined client engagement, industry leaders sharing sessions, and exclusive experiences alongside its Elite sponsorship at Forex Expo Dubai. The debut event highlighted the broker’s growth in the region and pushing forward into the future of trading.At Booth 57, VT Markets showcased a cutting-edge, tech-forward experience that captivated thousands of visitors. The booth was thoughtfully designed with sleek, modern aesthetics that reflected the brand’s commitment to innovation. Visitors were drawn to interactive displays and live demonstrations of the award-winning MetaTrader 4 and MetaTrader 5 platforms. The…
LME Copper prices moved above $10,800/t (the highest since May 2024) as supply concerns keep the market in tight supply. In the latest supply disruptions, Tech Resources cut its output forecast for the Quebrada Blanca mine in Chile, worsening global supply concerns, ING’s commodity experts Ewa Manthey and Warren Patterson note.Copper usage is expected to rise by 3% YoY this year”The company revised its 2025 production estimate from 210kt – 230kt to 170kt – 190kt and lowered its annual production targets for the next three years. This was largely due to challenges with tailings storage at the high-altitude site in…
narvo vexar NeoVolta (NASDAQ:NEOV) has announced the signing of an asset purchase agreement for Neubau Energy’s next-generation modular battery platform. Financially, NeoVolta paid $500,000 in cash and issued 200,000 restricted common shares upfront. The deal also includes a $10 per-unit royalty on each neuClick Battery Module Source link
EUR/CAD is testing a major support zone after falling sharply earlier this month! Think the pair is poised to extend a longer-term uptrend? Here’s what we’re seeing on the 4-hour time frame: EUR/CAD 4-hour Forex Chart by TradingView Political and fiscal uncertainty in France limited the demand for the euro earlier this week, dragging the common currency lower against its major counterparts. On the flip side, the Canadian dollar is getting some support from a recovery in U.S. dollar demand and higher crude oil prices. Remember that directional biases and volatility conditions in market price are typically driven by fundamentals.…
After printing back-to-back major misses in jobs data, will Canada finally see a rebound in hiring this time? Or will the downward momentum in employment carry on? Here’s what you need to know when trading this top-tier report. 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 access to MarketMilk™ Plus More! Source link
Japan 5-yr JGB auction bid-to-cover 3.69 versus 3.70 at prior sale in SeptemberJapan 5-yr JGB auction tail at 0.06 yen versus 0.03 yen at prior sale in SeptemberJapan’s latest 5-year government bond (JGB) auction drew a bid-to-cover ratio of 3.69, marginally below 3.70 at the previous sale in September, signalling slightly softer investor appetite. The tail — the difference between the average and lowest accepted price — widened to 0.06 yen from 0.03 yen, suggesting bids were more dispersed and demand less aggressive. The result reflects modest caution among investors ahead of the Bank of Japan’s late-October policy meeting, where…
The Federal Reserve’s September 16-17 meeting minutes revealed a central bank increasingly concerned about labor market weakness, with most officials supporting further rate cuts this year despite lingering inflation worries. Remember, the Fed cut rates by 25 basis points to 4.00-4.25%, though newly-appointed Governor Stephen Miran preferred a more aggressive half-point reduction. The minutes revealed officials navigating between competing mandates. Participants noted that “if policy were eased too much or too soon and inflation continued to be elevated, then longer-term inflation expectations could become unanchored.” Conversely, “if policy rates were kept too high for too long, then unemployment could rise…
Missed the head and shoulders neckline breakdown on EUR/USD? The pair could still retest this former support zone before resuming its potential reversal! Check out these retracement levels on the 4-hour chart EUR/USD 4-hour Forex Chart by TradingView The U.S. dollar has been staging quite the rebound this week, as safe-haven flows have been picking up on political shakeups and flaring tensions between Ukraine and Russia. After trading in a steady uptrend for the most part of August and September, EUR/USD formed a head and shoulders pattern and eventually broke below its neckline support to suggest that a reversal is…
The Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday, extending its gains for the second successive session. The AUD/USD pair gains ground following the release of Australia’s Consumer Inflation Expectations for October, which edged up to 4.8% from 4.7% prior. marking the highest reading since June.The mounting concerns that Australia’s inflation may exceed forecasts in the third quarter support the cautious stance surrounding the Reserve Bank of Australia (RBA). The Australian central bank is expected to maintain its interest rates after deciding to keep its Official Cash Rate (OCR) unchanged at 3.6% in September. The RBA warned…