Author: FX

By Gram Slattery (Reuters) – President-elect Donald Trump indicated on Sunday that he favored allowing TikTok to keep operating in the United States for at least a little while, saying he had received billions of views on the social media platform during his presidential campaign. Trump’s comments before a crowd of conservative supporters in Phoenix, Arizona, were one of the strongest signals yet that he opposes a potential exit of TikTok from the U.S. market. The U.S. Senate passed a law in April requiring TikTok’s Chinese parent company, ByteDance, to divest the app, citing national security concerns. TikTok’s owners have…

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Gold prices remained broadly unchanged in Malaysia on Monday, according to data compiled by FXStreet. The price for Gold stood at 378.98 Malaysian Ringgits (MYR) per gram, broadly stable compared with the MYR 378.63 it cost on Friday. The price for Gold was broadly steady at MYR 4,420.33 per tola from MYR 4,416.27 per tola on friday. Unit measure Gold Price in MYR 1 Gram 378.98 10 Grams 3,789.77 Tola 4,420.33 Troy Ounce 11,787.55 FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units. Prices are updated daily based on the market…

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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…

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(Reuters) -Singapore Post said on Sunday it had dismissed its chief executive and two other senior managers after an internal investigation found they had mishandled whistleblower allegations about misconduct by company employees. The firm’s shares slumped by the most in over four years as the city-state’s bourse opened for trading. The stock plunged as much as 9.8%, its biggest intraday loss since March 2020. The alleged misconduct reported by the whistleblower related to several employees who worked in the company’s international e-commerce logistics parcels business, the company said in a statement, without giving further details. The firm had received a…

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The Bear Bulls Power Candle and ASO Forex Trading Strategy is a powerful combination designed to help traders navigate the complexities of the Forex market with precision. At its core, this strategy relies on the Bear Bulls Power Candle to visually represent the balance between buyers and sellers, providing insight into market sentiment. When paired with the Advanced Stochastic Oscillator (ASO), which excels at identifying overbought and oversold conditions, the strategy becomes a comprehensive tool for spotting high-probability trade setups. This strategy is particularly effective because it merges price action with technical analysis. The Bear Bulls Power Candle identifies pivotal…

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People’s Bank of China USD/CNY reference rate is due around 0115 GMT.The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%. How the process works:Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central…

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AUD/USD flatlines near 0.6250 in Monday’s early Asian session.  The US PCE inflation reports came in softer than the expectations in November, weighing on the USD.  The rising bets for RBA rate cuts next year could undermine the Aussie.  The AUD/USD pair trades on a flat note around 0.6250 during the early Asian session on Monday. Traders brace for the Reserve Bank of Australia (RBA) Minutes released on Monday for some insight into the interest rate outlook. The softer-than-expected US Personal Consumption Expenditures (PCE) Price Index report dragged the US dollar (USD) lower on Friday. Data released by the US Bureau…

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By Gram Slattery WEST PALM BEACH, Florida (Reuters) -President-elect Donald Trump threatened to reassert U.S. control over the Panama Canal, accusing Panama of charging excessive rates to use the Central American passage, which allows ships to cross between the Pacific and Atlantic oceans. Speaking to a crowd of supporters in Arizona on Sunday, Trump also said he would not let the canal fall into the “wrong hands,” warning of potential Chinese influence on the passage. China does not control or administer the canal, but a subsidiary of Hong Kong-based CK Hutchison Holdings has long managed two ports located on the…

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