Author: FX
The final week of November delivered a mix of significant market developments, despite the shortened U.S. trading week due to a major U.S. holiday. From Scott Bessent’s surprise nomination as Treasury Secretary to shifting sentiment in the Middle East, markets navigated through a complex web of political, economic, and geopolitical factors that tested trader conviction across asset classes, resulting in the only gains being found in the equity markets by the Friday close. 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…
JPY led majors while CAD struggled amid trade uncertainty & falling oil prices, highlighting how policy shifts and external factors shaped forex markets this week. Source link
The Derivative Oscillator is a technical indicator that falls under the umbrella of momentum indicators. These indicators focus on the rate of price change, helping traders gauge the strength or weakness behind a market move. Developed by Constance Brown, the Derivative Oscillator builds upon the popular Relative Strength Index (RSI) but aims to provide more refined buy and sell signals. Think of it this way: the RSI is like a compass, pointing you in the general direction of potential overbought or oversold conditions. The Derivative Oscillator takes that information a step further, acting like a telescope that allows you to…
The StochRSI and Currency Pairs Correlation Forex Trading Strategy offers a sophisticated approach for traders seeking to enhance their performance in the foreign exchange market. By combining the Stochastic Relative Strength Index (StochRSI) with an understanding of currency pairs correlation, traders can develop a comprehensive strategy that not only identifies potential entry and exit points but also optimizes risk management. This dual approach equips traders with the tools to navigate the complexities of forex trading, where timely decisions and informed analysis can significantly impact overall success. At the heart of this strategy is the StochRSI, a momentum oscillator that measures…
James H. Litinsky, Chairman and CEO of MP Materials Corp. (NYSE:MP), has sold a significant portion of his holdings in the company. According to a recent filing, Litinsky disposed of 500,000 shares of common stock over two days. The timing is notable as MP Materials trades near its 52-week high of $21.70, with the stock showing strong momentum over the past three months. On November 26, he sold 300,000 shares at a weighted average price of $20.22, while on November 27, he sold an additional 200,000 shares at a weighted average price of $20.90. The total value of these transactions…
Gold gains 0.67% in late session, but geopolitical strife keeps it above $2,600 despite monthly losses. Escalation in Russia-Ukraine conflict and Middle East tensions underline Gold’s safe-haven appeal. Market optimism grows for a 25 bps Fed rate cut in December, bolstering Bullion’s short-term prospects. Gold’s price advanced late during the North American session on Friday, up by 0.67%, yet it remains set to print monthly losses of over 3%. Geopolitical risks continue to drive price action with the non-yielding metal fluctuating at around $2,600. The XAU/USD trades at $2,652 after hitting a daily low of $2,634. Geopolitical tensions eased in…
Mexican Peso appreciates 0.59% against US Dollar, poised for strong weekly performance. Banxico minutes suggest potential for 50 bps rate cut in December, boosting Peso’s outlook. President Sheinbaum optimistic about averting Trump’s proposed 25% tariffs, bolstering MXN stability. The Mexican Peso appreciated against the US Dollar during the North American session as the Greenback extended its downfall and is about to hit its most significant weekly loss in three months. Speculation that US President-elect Donald Trump may moderate his trade rhetoric weighed on the American currency. Therefore, the USD/MXN trades at 20.29, down 0.59%. Mexico’s economic docket was light on…
Silver posts a 1.33% gain on Friday, yet records a weekly loss of 2.30%. Technical outlook neutral with a potential bullish pivot if Silver clears $31.00 resistance. Downward risk persists if Silver falls below $30.35, targeting next support at $30.00. Silver price advanced on Friday and finished the session with gains of over 1.33%, yet printed losses of 2.30% in the week. A weak US Dollar sponsored a leg up in the grey metal, which has cleared the 100-day Simple Moving Average (SMA) of $30.35. At the time of writing, the XAG/USD trades at $30.60. XAG/USD Price Forecast: Technical outlook…
Aussie mildly rose to 0.6510 in Friday’s session. Gains in the Aussie pair are influenced by broad-based US Dollar weakness. Aussie finds support but faces pressure from trade war concerns between China and the US. The AUD/USD pair extends gains for the third straight day on Friday, although it has trimmed a portion of its intraday gains and holds above the 0.6500 psychological threshold. The pair recently reached a multi-day high before retracing some of its intraday gains. The positive momentum in the pair is influenced mainly by broad-based US Dollar weakness. Despite showing signs of resilience and gaining, the…
Friday’s session saw NZD/USD rally 0.61% to trade around 0.5930. Price action shows recent gains and a recovery to the 20-day SMA, indicating potential for a reversal. Indicators look promising and approaching positive areas so the pair may see further upside. The NZD/USD pair surged by 0.61% on Friday’s session, continuing the recovery from last week’s lows and reaching 0.5930. The pair has resumed its upward trajectory, fueled by positive technical indicators. The Relative Strength Index (RSI) has moved near positive territory at around 49, signaling increasing buying pressure and bullish sentiment. Moreover, the Moving Average Convergence Divergence (MACD) indicator displays…