Author: FX
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
The Multicurrency MT4 Indicator is designed to simplify multi-pair analysis by gathering important information from different currency pairs and displaying it on one screen. Instead of opening many charts, traders can monitor trends, strength, volatility, or signals from all selected pairs in a single view. This keeps the workflow smooth and helps traders react faster. It also reduces chart clutter, making the MT4 workspace easier to manage. Why Traders Prefer Using It Many traders like using this indicator because it saves time and improves accuracy. When someone trades forex, they often keep an eye on related pairs—such as EURUSD, GBPUSD,…
Gold price (XAU/USD) extends the rally to near $4,230 during the early Asian trading hours on Tuesday. The precious metal edges higher to a near six-week high amid growing expectations of US interest rate cuts. The US Manufacturing Purchasing Managers Index (PMI) contracted for the ninth straight month in November, the Institute for Supply Management (ISM) showed on Monday. The Manufacturing PMI declined to 48.2 in November, versus 48.7 prior, below the estimation of 48.6. Following softer US economic data, traders have increased December rate-cut bets to an 87% chance, according to the CME FedWatch tool. Lower interest rates could reduce the opportunity cost of…
The Reserve Bank of New Zealand (RBNZ) cut interest rates by 0.25% as expected in their November policy statement but dampened expectations of further easing. Which Kiwi strategies moved beyond the watchlist stage and how did shifting market sentiment impact the outcomes? 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…
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…
USD/JPY trades on the defensive at the start of the week as the Japanese Yen (JPY) bulls regain control on the back of hawkish Bank of Japan (BoJ) signals. At the time of writing, the pair is hovering around 155.40, trimming a part of its earlier decline as the US Dollar (USD) steadies, tempering bearish momentum for now.BoJ Governor Kazuo Ueda signalled on Monday that policymakers will actively weigh the pros and cons of a rate increase at the December 18-19 meeting. Ueda warned that delaying a rate hike too long could cause sharp inflation and force the central bank…
Asfura holds slim lead in Honduras presidential election after Trump backing Source link
The USD is lower vs all the major currencies to start the trading day and the trading week in the North American session. The biggest mover is the USDJPY which has declined by 0.74%. The USD is weaker vs the EUR by 0.34% and the CHF by -0.22% The USD’s move vs the GBP (-0.06), CAD (-0.06%), AUD (-0.08%) and NZD (-0.05%) are minimal. IN the video above, I take a technical look at the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD – and outline the bias, the risks and the targets for traders today. The USDJPY’s…
USD/CNH dips to levels not seen since October 2024 as China’s private-sector manufacturing contracts, though the Chinese Yuan’s (CNH) undervaluation limits economic strain, BBH FX analysts report. China manufacturing contracts in November”USD/CNH edged down to its lowest level since October 2024, eyeing psychological support at 7.0000. China private-sector manufacturing sector deteriorates in November.” “The RatingDog manufacturing PMI fell to 49.9 vs. 50.6 in October, signaling the first contraction in activity since July. China can tolerate a stronger currency with limited damage to the manufacturing sector as the yuan remains deeply undervalued.” Source link