Author: FX
Woodward narrows 2025 EPS guidance to $5.85-$6.25 amid aerospace growth and industrial challenges Source link
Tariff fears and headlines dominated price action on Monday, as traders looked for updates over a potential trade war. Gold was as big a winner as Kendrick Lamar in the Grammys, as it hit fresh record highs amid the uncertainty. Meanwhile, bitcoin and U.S. stocks recovered from their lows while crude oil prices and the U.S. dollar traded lower. Here’s how your closely-watched assets moved in the first trading day of February: Headlines: China Caixin manufacturing PMI for January: 50.1 (50.6 forecast, 50.5 previous) Procure Switzerland manufacturing PMI for January: 47.5 (49.0 forecast, 48.4 previous) HCOB Eurozone final manufacturing PMI…
The January ISM manufacturing PMI turned out better than expected, as the reading returned to expansion after 26 consecutive months in contraction. Analysts had expected the index to hold steady at 49.3 for the month, but the actual result came in at 50.9 thanks mostly to gains in new orders, prices and employment. Key Takeaways: January ISM manufacturing PMI up from 49.3 to 50.9 vs. 49.3 consensus New orders component up from 52.1 in December 2024 to 55.1 in January 2025 Prices index up 2.4 percentage points to 54.9 Employment index up 4.9 percentage points to 50.3 Link to official…
Picking the right forex trading software can be tough. There are over 100 Forex platforms out there. This article covers the top 5 forex trading tools for beginners and pros. Read on to find the best software for your needs. Key Takeaways MetaTrader 4 is the top forex trading software, offering tools for both new and expert traders. FBS is best for beginners, with a low $100 minimum deposit and 646 tradable instruments. XM Markets suits advanced traders, providing over 8,977 instruments and competitive spreads. RoboForex excels in automated trading, offering 1,250+ instruments and multiple trading platforms. When choosing forex…
Patterns and MACD Divergence Forex Trading Strategy is a powerful combination that can significantly enhance a trader’s ability to identify profitable opportunities in the Forex market. This strategy leverages two essential aspects of technical analysis: price patterns and the MACD (Moving Average Convergence Divergence) indicator. By merging these elements, traders can gain deeper insights into potential market reversals, trend continuations, and price movements. The combination of visual chart patterns and MACD divergence offers a comprehensive approach to spotting high-probability setups that maximize trading success. The strategy works by using price patterns—such as double tops, triangles, and head and shoulders—to identify…
The Wall Street Journal is gated, but if you can access it, the story is here:U.S. Frackers and Saudi Officials Tell Trump They Won’t Drill More President says lower prices will solve many of the country’s problems but finds early resistance in the oil marketIn brief:U.S. shale industry is now focused on keeping costs down and returning cash to investors, not more drillingSaudi Arabia says it is unwilling to augment global oil supplies, say people familiar with the matter This article was written by Eamonn Sheridan at www.forexlive.com. Source link
USD/CAD attracts some sellers to around 1.4410 in Monday’s late American session, down 1.09% on the day. Trump confirmed the postponement of his Canada tariffs. US ISM Manufacturing PMI bested the estimates in January. The USD/CAD pair tumbles to near 1.4410 during the late American session on Monday. The Canadian Dollar (CAD) rebounds after falling to a level not seen since 2003, as US President Donald Trump confirmed the postponement of his Canadian tariffs in a post on Truth Social. Late Monday, Trump said that he will pause for one month new 25% tariffs on goods entering the United States from…
Justin Sullivan/Getty Images NewsClorox (NYSE:CLX) shares have surrendered early gains and are drifting lower in Monday’s after-hours trading as a top- and bottom-line beat in the fiscal second quarter along with upwardly revised profit guidance was overshadowed by the deceleration in Source link
Trump eyes Feb. 18 for oil tariffs, expects lower duty for Canada Source link
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…