Author: FX

The Judge asked more time to preserve the status quo while she considers the merits of the legal fight. The Fed today said in a court filing that it takes no position in the lawsuit but that it wants a “prompt ruling” to remove “the existing cloud of uncertainty”. This article was written by Giuseppe Dellamotta at investinglive.com. Source link

Gold reverses losses on Friday, climbing to a 2-month high near $3,450.Despite a firmer US Dollar, bullion found renewed demand as traders maintained bets on Fed easing.US Core PCE rose 0.3% MoM and 2.9% YoY in July, while headline PCE gained 0.2% MoM and held steady at 2.6% YoY.Gold (XAU/USD) reverses course on Friday, erasing intraday losses and climbing back to fresh highs. The precious metal is now trading near $3,447, its strongest level since June 16, after the US Personal Consumption Expenditures (PCE) inflation report came broadly in line with expectations. A softer tone in the US Dollar (USD)…

The upside in gold has been supported since Powell’s dovish tilt last Friday. Inflation expectations kept on climbing, while Treasury yields fell into new lows. That caused real yields to fall, giving further boost to gold prices. Today we are seeing a stronger push to the upside although we haven’t got any meaningful catalyst. This looks more like one of those last parabolic pushes before a bigger pullback, but time will tell. The focus is now on the US labour market data that will culminate with the NFP report next Friday. Strong data might take the probability for a September…

The Swiss Franc strengthens for a fourth straight day, sending USD/CHF toward fresh one-month lows.The US Dollar Index (DXY) slips below 98.00 as markets price in an 89% chance of a Fed rate cut in September.US July PCE report showed sticky inflation pressures alongside strong household spending.The Swiss Franc (CHF) extends its rally for the fourth consecutive day on Friday, with USD/CHF slipping toward the 0.8000 psychological mark near fresh one-month lows, pressured by a broadly weaker US Dollar (USD) despite resilient US inflation and spending data.At the time of writing, the USD/CHF pair is trading around 0.7997 in the…

GBP/USD consolidates above 1.3450 with muted reaction to US inflation data The British Pound (GBP) trades under pressure against the US Dollar (USD) on Friday, snapping a three-day winning streak as the Greenback holds firm. GBP/USD is finding a footing above 1.3450 during the American session, stabilizing after the release of the US Personal Consumption Expenditures (PCE) Price Index for July, which came broadly in line with expectations. Read More…   Pound Sterling trades lower against US Dollar ahead of US PCE inflation The Pound Sterling (GBP) corrects to near 1.3455 against the US Dollar (USD) during the European trading session on…

There is no universal recipe for success in trading. However, there are some baselines you should follow to have a better shot at gaining profit. You can learn these vital reference points from your own mistakes—or choose the easier way and study the experience of others. In this article, Kar Yong Ang, financial analyst at Octa broker and successful trader, names three fundamental rules of trading that he learned the hard way—and wished he knew at the start of his journey. At the age of 21, Kar Yong Ang started trading with just $500 in his account balance. In two…

S&P 500 extended swing clients‘ gains, and intraday one had theirs protected before the aftermarket weakness. Ask yourselves though what has changed and what has not, how this affects your trading style. Source link

Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), rose to 2.2% in August from 2% in July, Germany’s Federal Statistical Office reported on Friday. This print came in above the market expectation of 2.1%. On a monthly basis, the CPI rose by 0.1%.The Harmonized Index of Consumer Prices (HICP), the European Central Bank’s (ECB) preferred gauge of inflation, rose by 0.1% and 2.1% on a monthly and yearly basis, respectively.Market reaction to German inflation dataEUR/USD recovers slightly from session lows and was last seen trading at 1.1670, losing 0.1% on a daily basis.…

In the world of trading, particularly in the foreign exchange (Forex) market, investors often focus on charts, technical indicators or macroeconomic news.Yet, there’s one crucial factor that is all too often overlooked: the trader’s psychology. In other words, the state of mind, discipline, and ability to manage emotions in the face of market uncertainty.Why psychology is central to tradingContrary to popular belief, success in Forex trading is not just a matter of strategy or analysis.The same technical signals, interpreted by two different people, can lead to radically opposed decisions.The difference often lies in emotional management: fear of losing, euphoria after…

The foreign exchange market, also known as Forex, is the world’s largest financial market, with several trillion dollars traded daily. Unlike Equity markets, which are influenced by corporate results, Forex is particularly sensitive to political decisions and institutional stability.Elections, geopolitical tensions, trade policies and central bank decisions directly shape currency values.In a world where politics and economics are intertwined, understanding this link becomes essential for investors, companies and individuals exposed to currency variations.Central banks at the heart of the link between policy and currenciesCentral banks, such as the US Federal Reserve (Fed) and the European Central Bank (ECB), play a…