Author: FX

I’ve been writing about this since the election and it’s worth repeating now. Trump’s economic campaign was on three things:Boosting the stock marketNarrowing trade deficits via tariffsNarrowing fiscal deficitsThose three goals are incompatible.I have emphasized that the way to trade Trump is to believe that the stock market (and GDP growth) will be the real priority, at the expense of the other two. There will be incredible noise around those other priorities but he’s not going to spark some kind of trade war that hurts stock markets badly, nor will he cut the deficit in a way that weakens growth.I…

EUR/USD recovers to near 1.0320 as the risk mode is on, with investors focusing on Trump’s inauguration. The Fed is expected to keep interest rates at their current levels by the May policy meeting. ECB’s Stournaras warns that higher tariffs by the US could drag Eurozone inflation below the central bank’s target. EUR/USD rises sharply to near 1.0320 in Monday’s North American session. The major currency pair gains as the safe-haven appeal of the US Dollar (USD) diminishes ahead of United States (US) President-elect Donald Trump’s inauguration. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, declines…

By Christoph Steitz, Emma-Victoria Farr and Jan Lopatka FRANKFURT/PRAGUE (Reuters) -Czech billionaire Daniel Kretinsky is among potential suitors who have been approached by Berlin about a purchase of German state-owned utility Uniper, three people familiar with the matter said. Sources have said previously that others approached include New York-headquartered fund Brookfield, Norway’s Equinor and Abu Dhabi’s TAQA. Czech energy holding company EPH, which is majority-owned by Kretinsky’s investment vehicle EPCG, is “part of the process”, one of the sources said, declining to be identified because the talks are confidential. EPH and Uniper both declined to comment. The Finance Ministry, which…

Eurostoxx +0.1%Germany DAX flatFrance CAC 40 +0.1%UK FTSE flatSpain IBEX +0.1%Italy FTSE MIB flatNot a whole lot going on as the session gets underway. It’s a quiet one with US on holiday but there is Trump’s inauguration to look forward to later at 1700 GMT. US futures are also lightly changed, with S&P 500 futures just up 0.1% currently. This article was written by Justin Low at www.forexlive.com. Source link

DOW JONES – DJI Elliott Wave Analysis Trading Lounge day chart. Technical analysis overview Function: Bullish Trend. Mode: Impulsive. Structure: Navy Blue Wave 5. Position: Gray Wave 1. Direction next higher degrees: Navy Blue Wave 5 (Started). Details: Navy Blue Wave 4 appears complete, with Navy Blue Wave 5 currently in play. Wave cancel invalid level: 41822.71. The Dow Jones daily chart illustrates a bullish trend within the Elliott Wave framework, characterized by an impulsive mode. The current wave structure features navy blue wave five, which continues the upward momentum following the completion of navy blue wave four. This movement signals the beginning of a new phase in the broader bullish…

(Reuters) – Wipro (NYSE:)’s shares surged about 8% on Monday, set for their best day in nearly four years, after India’s No. 4 IT services company joined its peers in signaling a revival in demand. The company beat third-quarter revenue and profit estimates on Friday and CEO Srinivas Pallia said, “We see discretionary spending slowly coming back” after facing macroeconomic challenges in 2024. Wipro’s shares were also among the top percentage gainers on the benchmark Nifty 50 index, which was trading flat. At least eight brokerages raised their rating on Wipro’s stock, while 16 raised their price targets, as per…

Just when it seemed that this pair dipped below its long-term range bottom, price jumped back above the support zone! Can it keep losses in check from here? Look at these inflection points I’m watching on the 4-hour time frame: NZD/JPY 4-hour Forex Chart by TradingView Shifting monetary policy expectations for both the Reserve Bank of New Zealand (RBNZ) and the Bank of Japan (BOJ) have kept NZD/JPY pacing back and forth inside a range since December last year. At the same time, risk appetite switching on and off over the past few weeks have allowed support around the 87.00…

Trend warriors huddle up! AUD/CAD had a solid week, bouncing from its .8850 lows and inching closer to the .9000 mark today. Will the pair face strong selling pressure at this level? Here’s why the potential resistance zone has our attention: AUD/CAD 4-hour Forex Chart by TradingView If you checked out our FX Weekly Recap, you’ll know that the Australian dollar found support last week from easing China growth concerns, upbeat domestic data, and growing optimism that the Fed may signal early rate cuts in 2025. Meanwhile, the Canadian dollar softened alongside crude oil prices after ceasefire talks in Gaza…

Expectations of a Bank of England (BOE) interest rate cut and concerns over the U.K.’s fiscal conditions have been putting the British pound on the defensive so far this month. Will this week’s labor market update support the markets’ dovish expectations? Or will they lead to bullish pullbacks for Sterling? Here are points you need to know if you’re trading the U.K. December jobs data release: 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™…

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…