Author: FX
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: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Gold prices fell in Pakistan on Thursday, according to data compiled by FXStreet. The price for Gold stood at 28,523.62 Pakistani Rupees (PKR) per gram, down compared with the PKR 28,805.12 it cost on Wednesday. The price for Gold decreased to PKR 332,693.90 per tola from PKR 335,977.20 per tola a day earlier. Unit measure Gold Price in PKR 1 Gram 28,523.62 10 Grams 285,236.20 Tola 332,693.90 Troy Ounce 887,184.50 Daily Digest Market Movers: Gold price continues to be weighed down by trade optimism and reduced bets for aggressive Fed rate cuts The US and China agreed to slash…
NZD/USD is having trouble extending a downswing beyond a technical support zone. Are we looking at a potential countertrend setup? Or are NZD bears just taking a breather? NZD/USD 4-hour Forex Chart by TradingView NZD/USD turned lower in the last trading sessions, possibly as traders priced in fewer Fed interest rate cuts, which helped improve U.S. dollar demand. With hardly any key economic reports coming out of New Zealand this week, Kiwi hasn’t much going for it. The pause in momentum around the U.S.-China trade truce also suggests markets are now waiting for fresh drivers. Remember that directional biases and…
Data from the Australian Bureau of Statistics showed Australia’s labor market adding 89,000 jobs in April, far outpacing forecasts of a 20,000-22,500 increase. At the same time, the unemployment rate held steady at 4.1% as more people entered the workforce, with the participation rate climbing to 67.1%. Full-time employment led the way with 59,500 new positions, while part-time roles grew by 29,500. Despite these impressive figures, monthly hours worked remained essentially unchanged, suggesting some underlying softness in labor demand. Link to ABS April 2025 Employment Report Here are key points from April’s employment report: Total employment increased by 89,000, well…
More signs of progress in U.S. trade talks made it to the headlines on Wednesday, but risk assets traded mixed while individual driving factors came in play. In particular, crude oil took a couple of hits from surprise gains in stockpiles while gold continued to shed its earlier safe-haven gains on the improving global outlook. Here are headlines you may have missed in the last trading sessions! Headlines: Japanese producer price index down from 4.3% to 4.0% y/y as expected in April U.S. API crude oil inventories: +4.287M (-2.4M expected) Australia Wage Price Index for March 31, 2025: 0.9% q/q…
Starbucks said to start stake sale for China business, Bloomberg News reports Source link
Divergences occur when the price of an asset moves in one direction, but the indicator moves in the opposite direction. This is a sign that the trend may be losing momentum and could soon reverse. However, spotting divergences on your own can be difficult, especially when trading in fast-paced markets. The All-In-One Divergences MT4 Indicator helps traders detect these subtle signals, allowing them to make better predictions about future price movements. By automatically highlighting bullish or bearish divergences, this tool ensures that traders never miss an important signal again. How the Indicator Works The All-In-One Divergences MT4 Indicator is designed…
New Zealand Food Price Index for April 2025+0.8% m/mprior +0.5%+3.7% y/yprior +3.5%This data was out earlier. I didn’t post it due to the oil news:Media reports that Iran is ready to sign an agreement for relief from sanctionsMore on “Iran is ready to sign a nuclear deal” if sanctions liftedOil update while we’re here:–The New Zealand Food Price Index (FPI) is a measure of the changes in the average price of food items sold in New Zealand.calculated and published monthly by Statistics New Zealandthe FPI tracks the prices of a basket of food items that represent the typical spending patterns…
AUD/NZD trades around the 1.0900 zone with limited movement in Wednesday’s session.Mixed signals from momentum indicators, though shorter-term averages favor buyers.Key support levels sit below, while resistance aligns near recent highs.The AUD/NZD pair held near the 1.0900 zone on Wednesday, reflecting a steady bullish tone as the market heads into the Asian session. Price action remains close to the top of its daily range, suggesting that buyers maintain control despite some mixed momentum signals. The broader technical outlook remains supported by shorter-term moving averages, though longer-term resistance levels continue to pose a challenge.From a technical perspective, the pair presents a…
May 14, 2025 5:25 PM ETSPDR® Gold Shares ETF (GLD), GDXIAU, SLV, SIL, SGOL, SIVR, GDXJ, PHYS, PSLV, NUGT, RING, OUNZ, SILJ, BAR, GLDM, AAAU, XAGUSD:CUR, XAUUSD:CURBy: Carl Surran, SA News Editormonsitj/iStock via Getty ImagesGold futures fell to the lowest in more than a month Wednesday as tensions eased in global trade, pushing investors away from safe-haven demand and reducing gold’s appeal, at least for now. Gold sold off sharply at the beginning of Source link