Author: FX

Gold consolidates ahead of key US Nonfarm Payrolls report. XAU/USD remains above $2,900 but struggles as US 10-year yield hits 4.286%. Trade tensions escalate as Canada and China retaliate against Trump’s tariffs. Atlanta Fed GDPNow model revises Q1 2025 forecast to -2.4%, up from -2.8%. Gold halted its three-day rally due to investors booking profits ahead of the crucial US Nonfarm Payrolls report. The rise of US Treasury bond yields also made holding the non-yielding metal less appealing. At the time of writing, the XAU/USD trades at $2,918, virtually unchanged. The yellow metal consolidated above the $2,900 figure, capped by…

Explainer-Why would the US government shut down? Source link

USD/CAD 5 minsIt looks like we will get an end to this chapter in the tariff war later today.On CNBC, Commerce Secertary Howard Lutnick said it’s “likely” that tariffs will be removed on all USMCA compliant goods and services that cross the border. That covers pretty much everything that goes between Canada and the USA.In response, we’ve seen an improvement in risk appetite and USD/CAD fall to 1.4265 in a quick 80 pip move. It’s the third day of selling in the pair after touching 1.4543 early on Monday. It’s the best level for the loonie since Feb 24.I think…

EUR/USD moves higher to near 1.0840 as the ECB reduces its Deposit Facility rate by 25 bps to 2.5%. The ECB sees the core inflation averaging to 2.2% by the year-end. US President Trump provides one month of tariff relaxation on automobiles from Canada and Mexico. EUR/USD gains further to near 1.0840 in Thursday’s North American session after the European Central Bank’s (ECB) monetary policy decision. The ECB reduces its Deposit Facility Rate by 25 basis points (bps) for the fifth time in a row, pushing it lower to 2.5%, as expected. The Main Refinancing Operations Rate is also slashed by 25 bps to 2.65% in line with…

Grocery chain Kroger forecasts annual sales above estimates on steady demand 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…

NIFTY Elliott Wave technical analysis Technical analysis overview Function: Counter Trend (Minor Degree, Grey). Mode: Corrective. Structure: Zigzag. Position: Minute Wave ((c)). Details: The alternate count is now preferred, with a potential ((a)) – ((b)) – ((c)) Zigzag pattern appearing complete in the 22,000 – 21,900 zone. High probability remains for at least a counter-trend rally towards the 23,700 – 24,000 range. Alternatively, a further decline from the current levels could target the 21,300 – 21,400 range, aligning with Minor Wave 4 of the previous uptrend. Invalidation point: 26,400. NIFTY 50 INDEX – Daily chart Technical Analysis & Potential Elliott Wave Counts The NIFTY 50 INDEX daily chart suggests a major top formation around 26,300 in September 2024. A high-probability wave count suggests that the index carved Minute Wave ((a))/((i)) around the 23,267 mark,…

Are you having trouble finding a good forex trading strategy? The forex market is huge, with over $5 trillion traded daily. Yet, many traders lose money. The Grid and FX Snipers T3 CCI strategy might be what you need. This method uses grid trading and the FX Snipers T3 CCI indicator. It could make your market analysis better and increase your profits. Most trades involving the U.S. dollar, it focus on major currency pairs. Learn how this forex trading strategy can help you in the complex world of currency trading. Key Takeaways Combines grid trading with FX Snipers T3 CCI…

Can an upbeat Canadian jobs report convince the BOC to drop its dovish bias soon? Or will we see another downside surprise that could keep the central bank in easing mode? Here are the points you need to know when trading Canada’s February employment data. 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 Unlimited Access access to MarketMilk™ Plus More! Source link

China has introduced Manus, a state-of-the-art AI agent, claiming it surpasses OpenAI’s models in performance, according to Shanghai Securities News. Manus achieved a top score in the GAIA benchmark test, positioning it as a highly advanced general-purpose AI assistant. Unlike traditional AI models, Manus is designed for both idea generation and real-world execution, allowing it to complete complex tasks autonomously. A demonstration highlighted its ability to write reports and create tables with tailored outputs. The AI agent also features a highly adaptive “digital brain”, enabling independent learning, complex instruction processing, and cross-domain collaboration. Source link