Author: FX
By Felix Light TBILISI (Reuters) – Seventy-five-year-old Marina Terishvili’s teenage son Mamuka was shot dead at a nationalist rally in Georgia in 1992. Now her other son, Giorgi, has been arrested for his role in protests against perceived Russian influence in their homeland. Seven police cars pulled up at her house in the capital Tbilisi on Friday and took Giorgi, a 52-year-old taxi driver, into custody, she said. He was placed in pre-trial detention for two months for “participating in group violence” according to a rights group and local media, and faces up to six years in prison if convicted,…
The ECB is widely expected to cut its interest rates in December. Recent economic indicators and ECB member commentary have strengthened this view, with the market pricing in additional cuts through 2025. How does EUR usually react to the central bank statement and press conference? We have the points you need to know if you’re trading the events! 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
Scholz is widely expected to lose the vote, after having seen his coalition collapse in November. For some context, his government does not command a majority already. The vote is all but a formality to tee up fresh federal elections in Germany. That will happen once Scholz loses the vote and has to dissolve parliament. The snap election is then expected to take place on 23 February.It’s a testing time for two of Europe’s largest economies, with France also caught in a political quagmire after Barnier lost his confidence vote as prime minister. Couple that with economic woes, it sets…
USD/CAD pulls back from a multi-year top, though the downside seems limited. Rising oil prices underpins the Loonie and exert pressure on the currency pair. The technical setup supports prospects for the emergence of some dip-buyers. The USD/CAD pair edges lower during the Asian session on Wednesday, though it lacks follow-through and remains close to the highest level since April 2020 touched the previous day. Spot prices currently trade just above mid-1.4100s, down less than 0.10% for the day, as traders keenly await the US consumer inflation figures and the Bank of Canada (BoC) policy decision before placing fresh directional…
WTI crude oil has formed lower highs and found support at $67 per barrel to create a descending triangle on its 4-hour chart. Is it gearing up for a breakout soon? WTI Crude Oil (USOIL) 4-hour Chart by TradingView WTI crude oil has been tossing and turning inside this triangle consolidation pattern while geopolitical tensions have escalated and cooled over the past months. This time, the energy commodity has found support at the descending triangle bottom once more, driven by worsening violence in Syria and resurfacing global supply concerns. In addition, the OPEC+ decision to delay its planned production hike…
By Gerry Doyle, Vijdan Mohammad Kawoosa and Arathy J. Aluckal (Reuters) – An SM-3 interceptor erupted into the night sky over Guam late on Tuesday, its engine briefly illuminating the northeast corner of the island as it accelerated toward its target: a ballistic missile. U.S. Missile Defense Agency and military personnel monitored the radars and telescopic cameras tracking both projectiles; this was not an attack, but a complex test. Within minutes, the ballistic missile – air-launched from a U.S. Air Force C-17 – was pulverized by the kinetic energy of the SM-3. (To view the graphic, click on ) The…
Dual Ulcer Index and Super Trend Dot Forex Trading Strategy is a powerful trading approach that combines two highly effective technical indicators to enhance decision-making in the volatile world of Forex. The strategy integrates the Dual Ulcer Index, a tool focused on measuring market drawdown and investor risk tolerance, with the Super Trend Dot indicator, known for its ability to identify and follow market trends with clarity. Together, these indicators offer a comprehensive method for traders to navigate price swings and make more informed entry and exit decisions. The Dual Ulcer Index provides a unique perspective by focusing on the drawdowns or losses from a peak,…
Goldman Sachs says the dip for gold was just a blip, its going higher. GS cite:easing monetary policycentral bank buyinginvestor buyingMore:“Since 2022, gold prices have surged 40% even as US interest rates were climbing … That is very strange. Typically, higher interest rates make gold less attractive – because gold doesn’t pay any interest, unlike bonds.”GS then trot out the familiar argument that in 2022, during Russia’s invasion of Ukraine and the subsequent freezing of Russia’s assets by Western countries, gold became an attractive option vs. the USD. Central banks globally bought to “diversify their reserves away from the dollar…
Silver gains 0.19%, stabilizing at $31.89 as traders anticipate key U.S. inflation figures and Fed’s next steps. Technical analysis highlights consolidation near the $32 mark, with $31.75 acting as crucial support. Potential downside risks include a fall towards the $31.00 area and the 100-day SMA at $30.47 if bearish pressure mounts. Silver price climbed some 0.19% on Tuesday yet failed to clear the $32.00 hurdle after hitting a three-week high of $32.27 at the beginning of the week. At the time of writing, XAG/USD trades at $31.89 as Wednesday’s Asian Pacific session commences. Mounting speculation about a potential Federal Reserve…
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