Author: FX
Is gold’s uptrend about to reach its end? On the hourly chart below, you can see that the precious metal is completing a head and shoulders formation. Here’s why I’m keeping this short-term classic chart pattern on my radar. Gold (XAU/USD) 1-hour Chart by TradingView Gold hit fresh record highs last week on overall USD weakness after U.S. President Trump criticized Fed head Powell’s tight monetary policy regime, spurring expectations for pressure on the central bank to cut rates. However, the precious metal soon returned its safe-haven gains while market sentiment improved as the week went on and the U.S.…
NZD/USD edges lower to near 0.5950 in Monday’s Asian session. China announced further measures to boost economic growth and employment. The RBNZ is expected to cut its 3.5% OCR by 25 bps in the May meeting. The NZD/USD pair softens to around 0.5950 during the Asian trading hours on Monday, pressured by the renewed US Dollar (USD) demand. Signs that global trade tensions between the United States and China may be easing provide some support to the Greenback. Traders assess China’s press conference about policies and measures on Monday. The Politburo emphasized efforts to maintain stability by supporting firms and workers most affected by US tariffs, according to…
New York probes reported counter-protest assaults during Israeli official's visit Source link
Speculation of People’s Bank of China cuts never go away. This the latest from the China Securities Dailythe Bank is seen cutting the RRR and interest rates in Q2If not, the next set of headlines will roll it into Q3. Rinse, repeat. Ahead today from China:Heads up for a China news conference today – to address promoting growth, employment This article was written by Eamonn Sheridan at www.forexlive.com. Source link
AUD/USD softens to around 0.6390 in Monday’s early Asian session. De-escalation in the US-China tariff war provides some support to the US Dollar. China vowed to support firms and workers affected by tariffs. The AUD/USD pair trades in negative territory near 0.6390 during the early Asian session on Monday. The US Dollar (USD) edges higher against the Aussie amid signs of easing US-China tensions. China will hold a press conference about policies and measures on stabilizing employment and ensuring stable growth on Monday, which will be closely watched by traders.The Greenback posted its first weekly gain since mid-March on Friday after China granted…
US in touch with India and Pakistan; urges work toward 'responsible solution' Source link
Bloomberg (gated) carried comments from Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania and European Central Bank Governing Council member (the monetary policy making board of the Bank).Bloomberg is gated, but in brief:ECB could lower interest rates at least two more times this year, citing:global trade weakness, largely caused by new US tariffs, is bringing a new threat to Europe’s economyinflation was declining and could slow down even further in the months aheadstill room to ease policy without generating financial instability or overheating the economySimkus added that more negative surprises would be needed to move lower. ECB’s…
Candidates in Canada election make final pitches under shadow of Vancouver tragedy Source link
Apr. 27, 2025 12:24 PM ETCheniere Energy, Inc. (LNG) Stock, XOM Stock, CVX Stock, COP Stock, SU Stock, IMO Stock, CVE Stock, SHEL Stock, BP Stock, OXY StockBy: Rob Williams, SA News Editorlyash01/iStock via Getty ImagesThe U.S. liquefied natural gas (LNG) sector has raised concerns with the Trump administration over newly introduced maritime regulations, cautioning that the industry cannot meet the requirement to shift to U.S.-flagged ships without significant disruption, the Financial Times reported Sunday. Source link
Multiple dead, injured in Vancouver after vehicle plows into Filipino festival Source link