Author: FX
Stocks advance, US yields hold gains ahead of inflation test Source link
Gold has been setting one record high after another lately, but it looks like the precious metal is ready for a major pullback. Are these support levels still about to hold? Take a look at these inflection points on the 4-hour time frame! Gold (XAU/USD) 4-hour Chart by TradingView Gold bulls have been charging lately thanks to all the market uncertainty surrounding Trump’s tariffs announcements. However, the precious metal seems to be stalling at its latest all-time high just shy of the $3,000 major psychological mark. Are we about to see a huge correction from its climb? Remember that directional…
Market correlations appeared to break down once again, as asset classes struggled to find direction ahead of Powell’s and Trump’s testimonies. Gold retreated from its record highs while crude oil continued to climb along with Treasury yields, despite a weaker U.S. dollar. Here are the latest updates you need to know! Headlines: Japanese banks closed for the National Foundation Day holiday U.K. BRC retail sales monitor up down from 3.1% y/y to 2.5% in January (1.1% forecast) Australia’s NAB business confidence improved from -2 to +4 in January U.S. President Trump reiterated that there will be no exceptions for higher…
New forex traders often feel lost in the complex world of currency trading. The forex market sees a daily trading volume of $7.5 trillion. This article lists five top books to help beginners learn forex basics. These books offer key insights for new traders. Key Takeaways Five top Forex books help beginners learn currency trading basics. Currency Trading for Dummies covers forex fundamental analysis and trading strategies. Kathy Lien’s book mixes theory with real strategies for day-and-swing successful trading. Jim Brown’s book explains forex basics in simple terms for new traders. Steve Nison’s work teaches candlestick charting for technical analysis.…
Bitcoin Futures (BTC) is currently trading at 96,165, and today’s analysis focuses on key technical levels, VWAP strategies, and volume profile insights to guide both bullish and bearish trade scenarios.📈 Bitcoin Price Prediction: Bullish Trade PlanWe turn bullish above 96,250, a key threshold sitting just above the Value Area Low (VAL) of February 6th. If BTC holds above this level, the following targets come into play:96,600 – A short-term resistance level just below yesterday’s VWAP, where sellers may emerge.97,160 – The Point of Control (POC) from February 6th, a major liquidity zone below yesterday’s Value Area High (VAH) at 97,275.97,500…
GBP/USD rose 0.6% on Tuesday, bolstered by Greenback outflows. Fed Chair Powell sees few moves on rates, tariffs expected to be reversed. US inflation data, UK GDP growth figures on the horizon. GBP/USD recovered ground on Tuesday, snapping a three-day losing streak and recovering back into touch range of the 1.2450 level, rising around two-thirds of one percent on the day. Global FX markets sold off the US Dollar slightly as risk appetite softly recovers across the board, bolstered by a steady-handed appearance from Federal Reserve (Fed) Chair Jerome Powell and and expectations that the latest iteration of US President…
Fed's Williams says monetary policy is in right place to achieve Fed goals Source link
The risk mood is improving once again and the S&P 500 is higher in what’s been a choppy day.SPX 5 minsThe comments from Powell were a non-factor as he reiterated a wait-and-see attitude that’s nearly unanimous at the Fed.I noted a comment from Citadel CEO Ken Griffin who said that Trump’s bombastic tariff rhetoric is a mistake. “From my vantage point, the bombastic rhetoric, the damage has already been done,” Griffin said Tuesday at UBS Financial Services Conference in Florida. “It’s a huge mistake to resort to this form of rhetoric when you’re trying to drive a bargain because ……
The Dow Jones held steady as investors digest Fed Chair remarks. Markets are brushing off the latest batch of tariff threats. Key US inflation data looms ahead this week. The Dow Jones Industrial Average (DJIA) is mostly on balance on Tuesday, holding steady near 44,500 after Federal Reserve (Fed) Chair Jerome Powell signaled that the Fed is willing to wait as long as necessary to make sure the economy is stable and further progress on inflation will be made before cutting rates again. United States (US) President Donald Trump escalated his ongoing efforts to spark a global trade war between…
Xpeng, Geely shares fall after BYD offers free smart driving features Source link