Author: FX
NZD/USD trades with mild gains around 0.5900 in Thursday’s early Asian session. The cautious stance from the Fed on further rate cuts might lift the US Dollar. The speculations about a potential 10% tariff on Chinese goods could weigh on the Kiwi. The NZD/USD pair gains traction to around 0.5900 during the Asian trading hours on Thursday, bolstered by the weaker US Dollar (USD). The Greenback edges lower due to the month-end flows and some profit-taking for the US long weekend. The US markets will be closed on Thursday in observance of the Thanksgiving holiday.However, the downside for the Greenback…
The world of forex trading thrives on information. Discerning subtle patterns and hidden trends within price fluctuations is the lifeblood of any successful trader. This is where technical indicators come into play, acting as powerful tools to illuminate the market’s inner workings. Among these valuable resources, the Fast Exponential Moving Average (EMA) stands out for its ability to provide real-time insights tailored for fast-paced trading environments. But before diving headfirst into the world of Fast EMAs, let’s establish a solid foundation. This comprehensive guide will equip you with the knowledge and confidence to leverage the Fast EMA MT4 indicator effectively,…
The Volume Weighted MA and Price Forex Trading Strategy stands out as a robust method for traders seeking to enhance their market analysis and decision-making. By integrating the Volume Weighted Moving Average (VWMA) into their trading toolkit, traders can gain insights that go beyond traditional price analysis. The VWMA not only accounts for the average price of a currency pair over a specified period but also weights that average by the trading volume, providing a clearer picture of market dynamics and helping to identify significant price movements. In Forex trading, understanding the interplay between price and volume is crucial for…
Jill Hazelbaker, Senior Vice President of Marketing and Public Affairs at Uber Technologies, Inc. (NYSE:), recently sold a substantial portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Hazelbaker sold 27,780 shares of Uber common stock on November 25, 2024. The shares were sold at an average price of $72.90, resulting in a total transaction value of approximately $2,025,164. Following the sale, Hazelbaker retains direct ownership of 107,289 shares. Additionally, she holds an indirect interest in 9,002 shares through the Franks 2021 Irrevocable Trust, which benefits her immediate family members. The sale…
A parade of closely-watched economic data and positioning ahead of a U.S. bank holiday and end of the month sent the major assets all over the charts on Wednesday. Can you guess which catalysts caused some of the biggest moves in the last trading sessions? We’re breaking them down for ya: Headlines: Australia’s annual CPI steady at 2.1% (2.5% expected) in October China industrial profits fell 4.3% in the year to October, faster than the 3.5% decline in the year to September RBNZ cut its rates by 50bps to 4.25% in November; Gov Orr hinted at another 50bps rate cut…
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…
The US Dollar Index plunged toward 106.00 on Wednesday. The US Dollar ticked lower, but its losses may be limited as markets are pricing in a more hawkish Fed. PCE data from October met expectations for inflation. In Wednesday’s session, the US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, ticked 1% lower as markets assess the release of high-tier economic data including a Personal Consumption Expenditures (PCE) reading, the Federal Reserve’s (Fed) preferred gauge of inflation. Daily digest market movers: US Dollar retreats despite sticky inflation data Despite US data indicating rising…
By David Thomas (Reuters) – Rank-and-file attorneys in the federal government fear major budget cuts when President-elect Donald Trump assumes office and are hunting for private-sector jobs in unusually high numbers, five legal recruiters told Reuters. Each new administration sparks an exodus of political appointees and other senior legal officials, but the recruiters said they are also hearing from far more lower-level, career government lawyers this year. “It absolutely feels different than the transition to the first Trump administration,” said Rachel Nonaka, a former U.S. Securities and Exchange Commission attorney-turned-recruiter in Washington. Another Washington headhunter, Dan Binstock, said government attorneys…
The price of Bitcoin is trading up around $3800 today at $95,750. The high for the day has reached $96,435. The move higher took out the 100 and 200-hour MAs at $95,632 and $95,932 respectively. However, there is some apprehension on the break. Buyers and sellers are battling above and below the MAs awaiting the next shove. Have the buyers reached their peak? Traders will need to get back above and stay above the $95,931 level. Yesterday, the price moved lower and on the move down, did extend below a swing area target between $91,124 and $91,928 (yellow area). The…
The November FOMC minutes revealed a Committee firmly committed to a gradual, methodical approach to monetary policy easing. All participants backed the 25 basis-point cut to 4.50% 4.75%, but what’s particularly interesting was their repeated emphasis that policy decisions were “not on a preset course.” The Fed seems determined to avoid any market assumptions about a predetermined path of rate cuts. The Committee detailed uncertainties about the neutral rate of interest and the importance of looking past volatile monthly data to focus on underlying economic trends as reasons for taking a cautious stance. They’re essentially walking a tightrope – trying…