Author: FX
Data from the U.S. Bureau of Labor Statistics was a mixed bag, with headline inflation rising more than expected but core inflation showing signs of moderation. Headline CPI climbed 0.4% in December, beating the forecast of 0.3%, mainly due to a 2.6% jump in energy prices. Monthly core CPI—which leaves out food and energy—came in at 0.2%, lower than the expected 0.3%. That’s a step down from the steady 0.3% increases we’ve seen recently! On an annual basis, headline CPI sped up to 2.9% from November’s 2.7%, but core inflation dipped to 3.2% from 3.3%. This hints that underlying price…
imaginima/E+ via Getty Images President-elect Trump’s nominee to lead the U.S. Department of Energy told senators in his confirmation hearing Wednesday that his first priority would be to expand domestic energy production including liquefied natural gas and nuclear power. Chris Wright, the founder of Liberty Source link
The Cumulative Volume and Zone Trade Forex Trading Strategy is a powerful approach that combines two critical elements of technical analysis: cumulative volume and price zones. By integrating volume data with key support and resistance zones, this strategy helps traders make more informed decisions about when to enter and exit the market. The concept behind this strategy is simple yet effective: volume tells us the strength behind a price move, while price zones reveal areas of high probability for trend reversals or breakouts. Together, these components create a dynamic system for identifying high-probability trading opportunities in the forex market. Cumulative…
Struggling to make consistent profits in forex trading? A clear and effective trading plan can change that. This guide will show you step-by-step how to create a solid trading plan for success. Keep reading it’s time to trade smarter! Key Takeaways Set SMART goals like “Grow my portfolio by 15% in 12 months.” Align them with your risk tolerance and trading style. Pick a trading style that fits your schedule: day trading, swing trading, or position trading. Match it with active forex hours for better results. Use risk-reward ratios like 1:3 to aim for profits while limiting losses. Never risk…
Bank of Korea leaves rate unchanged at 3% vs. cut to 2.75% expectedmore to come This article was written by Eamonn Sheridan at www.forexlive.com. Source link
The Mexican Peso maintains its upward trajectory against the Dollar, buoyed by improved Gross Fixed Investment in October. Mixed US inflation data, with core figures below expectations, bolsters the market view of possible continued Fed easing. Divergent monetary policies between Banxico and the Fed could limit the Peso’s advance, with key economic data due next week. The Mexican Peso clings to earlier gains against the Greenback on Wednesday following the release of mixed United States (US) inflation data. Though headline inflation increased, core figures dipped compared to estimates and previous data. Therefore, the USD/MXN dropped 0.09%, trading at 20.48 at…
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks surged on Wednesday, with all three major indexes registering their biggest daily percentage gains in more than two months, as lower-than-expected December core inflation data and solid earnings from major U.S. banks fueled a rally. The Labor Department said the consumer price index (CPI) increased the most in nine months as energy costs rose, although a measure of underlying inflation pressures subsided. Data on Tuesday showed the producer price index (PPI) rose less than expected. “We’ve gotten so puckered over the fact that rates might be going up and this is going…
The United Kingdom’s headline inflation rate unexpectedly cooled to 2.5% year-over-year in December 2024, coming in below market expectations of 2.7% and November’s reading of 2.6%. The Office for National Statistics (ONS) data showed core inflation, which excludes volatile items, also moderated to 3.2% from 3.5% in November. Key points from the ONS report: Annual Consumer price growth decelerated slightly to 2.5%y/y from 2.6% y/y Monthly CPI rose by 0.3% m/m, below forecasts of 0.4% m/m Core CPI showed continued moderation, falling to 3.2% annually U.K. services inflation, which is closely watched by the Bank of England, fell to 4.4%…
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…
Pound Sterling gains on soft UK inflation, mix US CPI data The Pound Sterling (GBP) surges to near 1.2300 against the US Dollar (USD) in Wednesday’s North American session after the release of the United States (US) Consumer Price Index (CPI) report for December, which showed mixed numbers. The GBP/USD pair tumbled as the USD dives after the inflation data, with the US Dollar Index (DXY) sliding to near 108.70. Read More… GBP/USD trades with mild negative bias around 1.2200 ahead of UK/US inflation data The GBP/USD pair attracts some sellers during the Asian session on Wednesday, albeit it lacks follow-through and remains well within the…