Author: FX
Gold price kicks off the new week on a weaker note amid a modest USD recovery. Fed rate cut bets and sliding US bond yields cap the USD gains and lend support. Renewed trade war fears also contribute to limiting losses for the XAU/USD pair. Gold price (XAU/USD) trims a part of heavy intraday losses, though retains its negative bias through the first half of the European session and currently trades around the $2,757-2,758 region. The US Dollar (USD) stages a goodish recovery from over a one-month low touched on Friday and turns out to be a key factor exerting…
Investing.com – XRP was trading at $2.8191 by 02:15 (07:15 GMT) on the Investing.com Index on Monday, down 10.01% on the day. It was the largest one-day percentage loss since December 18, 2024. The move downwards pushed XRP’s market cap down to $164.9373B, or 4.89% of the total cryptocurrency market cap. At its highest, XRP’s market cap was $190.3902B. XRP had traded in a range of $2.8191 to $3.0183 in the previous twenty-four hours. Over the past seven days, XRP has seen a drop in value, as it lost 10.15%. The volume of XRP traded in the twenty-four hours to…
Our Event Guide for Australia’s Q4 2024 CPI Report suggests that at least some of Australia’s leading indicators point to another month of price increases in Q4 2024. Will the numbers encourage traders to buy more AUD in the next trading sessions? Here’s why we’re taking a closer look at AUD/USD and EUR/AUD ahead of the CPI event: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
EUR/GBP is turning lower from a long-term trend resistance area! Are the bears ready to turn the tides in their favor? Let’s discuss what’s up on the daily chart: EUR/GBP Daily Forex Chart by TradingView EUR/GBP kicked off the year strong, climbing from the .8300 psychological handle to its current levels near .8400, as traders grew more optimistic about the Euro Area’s mixed economic data releases. Meanwhile, Sterling traders had their hands full with concerns over the U.K.’s fiscal health and chatter about a potential Bank of England (BOE) rate cut. But that was earlier in the year. Now, dovish…
The agenda points to a big week in markets with key central bank policy decisions lined up. But all in all, it may play out rather straightforward. The Fed is set to keep interest rates unchanged while the ECB and BOC are set to cut by 25 bps each respectively. And that settles it in terms of the decision making at least.As per usual, the language and communique from the Fed will be the most interesting of the bunch. That especially with Trump now in the picture. He is calling for the Fed to lower rates “immediately” but policymakers will…
The Australian Dollar holds losses following the mixed Chinese Purchasing Managers’ Index data release. The China Securities Regulatory Commission has approved a second round of long-term stock investment pilot programs valued at $7.25 billion. The USD strengthens amid uncertainty surrounding the impact of US President Donald Trump’s trade and immigration policies. The Australian Dollar (AUD) ends its three-day winning streak against the US Dollar (USD), with the AUD/USD pair trading subdued following the release of mixed Chinese Purchasing Managers’ Index (PMI) data on Monday. As close trade partners, China’s economic performance significantly impacts the Australian economy. China’s NBS Manufacturing PMI…
Australia will be printing its quarterly CPI soon, and lackluster results could keep the RBA on track to cut rates soon. In our Event Guide for Australia’s Q4 2024 CPI Report, we noted that underlying price pressures and the central bank’s core inflation measure could determine the Aussie’s direction after the release. Here’s what I’m watching on AUD/NZD and AUD/JPY if the inflation figures fall short. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive…
photovs/iStock via Getty ImagesQXO Inc. (QXO) plans to launch a hostile offer for Beacon Roofing (NASDAQ:BECN) after its earlier bids were rebuffed. The $124.25 a share offer may come as soon as Monday and is the same price it made its last bid, according to Source link
Aussie traders, huddle up! The Land Down Under is gearing up to print its latest inflation report, and the results could still impact RBA policy expectations. Will we see downbeat CPI readings that could ramp up rate cut talks? Here are the points you need to know. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
Struggling with losses in forex trading? Position sizing can be the key to managing risk and protecting your account. It helps traders decide how much to trade while keeping risks low. This guide explains position-sizing, its importance, and how you can calculate it step-by-step. Keep reading to learn more! Key Takeaways Position sizing helps control risk by deciding how much of your account to put in each trade. For example, risking 2% of a $5,000 account means risking $100 per trade. Proper position sizing uses stop-loss levels, pip values, and lot sizes like mini or micro lots to avoid big…