Author: FX
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…
Bank of England (BoE) Governor Andrew Bailey testifies on the November Monetary Policy Report (MPR) before the UK Parliament’s Treasury Select Committee (TSC) on Tuesday. Key quotes Services inflation is still above a level that’s compatible with on-target inflation. We need to watch services inflation very carefully, reflects labour market developments. A gradual approach to removing monetary policy restraint will help us to observe risks the inflation outlook. Most important part of budget is how businesses respond to higher employment costs. Recent evidence has been that inflation has been lower than expected but we don’t know if that will continue.…
jetcityimage/iStock Editorial via Getty Images Packaging solutions company Amcor (NYSE:AMCR) has agreed to acquire peer Berry Global Group (NYSE:BERY) in a $8.4B all-stock transaction. The transaction values Berry’s (BERY) common stock at $73.59 a share. Berry (BERY) shareholders will receive a fixed Source link
BERLIN (Reuters) – Rheinmetall (ETR:) aims for 20 billion euros ($21.08 billion) in sales for 2027, boosted by increased defence spending by EU and NATO country leaders in response to the Ukraine war, the German defence group said in a Capital Markets Day presentation. There is also potential for an 18% operating margin for 2027, said the company on Tuesday, singling out increased market potential by its entry in the United States and a joint venture with Italian defence giant Leonardo. ($1 = 0.9487 euros) Source link
Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straight forward approach utilizes 2 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than H1, optimal results are typically achieved within the H1, H4, and Daily timeframes. Trade Details Currently, the Flip 55 strategy has identified a trading opportunity on the AUD/CAD pair within the H4 timeframe. I’ve shared a trade setup image for…
And that comes after a key test of the 1.0500 mark last week, with the importance of the level underlined here. The bounce this week sees the pair nudge up closer to 1.0600 but is also pausing a little since overnight trading. That coincides with the 23.6 Fib retracement level of the swing lower this month, also seen at the figure level.EUR/USD daily chartBesides that, offers layered at the 1.0600 mark are also in play for now and that is keeping the bounce in check. Looking to the near-term chart though:EUR/USD hourly chartWe can more clearly see how the dollar…
Missed the range breakdown on EUR/CAD? The pair seems to be in the middle of a correction to the area of interest, but will it keep holding? Take a look at these inflection points I’m watching on the 4-hour time frame: EUR/CAD 4-hour Forex Chart by TradingView European markets had a mostly bearish reaction to the U.S. elections earlier this month, dragging EUR/CAD below the strong support zone around the 1.4900 major psychological mark. However, a return in risk-off flows this week also forced the higher-yielding Canadian dollar to take hits, allowing the pair to pull back up to the…
USD/CHF trades stronger to near 0.8835 in Tuesday’s early European session. Fed easing bets pared on Trump policy outlook, and strong US economic data. Geopolitical risks might boost the Swiss Franc and create a headwind for the pair. The USD/CHF pair edges higher to around 0.8835 during the early European session on Tuesday, bolstered by the firmer Greenback. Switzerland’s October Trade Balance will be released later on Tuesday. Also, the Federal Reserve’s (Fed) Jeffrey Schmid is set to speak. The strong US economic data and potential inflation from proposed tariffs have fuelled speculation that the Fed would slow the path of rate…
All eyes will be on the latest U.K. CPI reports that may hint at the Bank of England’s (BOE) policy decision in December. Our Event Guide for the U.K. October CPI Report points out that leading business surveys and slowdowns in retail activity could lead to subdued monthly price pressures. Weak inflation readings would support BOE members’ expectations of “gradualism” and likely drag GBP lower against counterparts like NZD and JPY. 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…
By Lisandra Paraguassu and Andreas Rinke RIO DE JANEIRO (Reuters) -Leaders from the Group of 20 major economies on Monday issued a joint statement highlighting the suffering caused by conflicts in Gaza and Ukraine, while calling for cooperation on climate change, poverty reduction and tax policy. G20 leaders meeting at Rio de Janeiro’s Modern Art Museum for a two-day summit tackled an agenda that reflected a shifting global order, trying to shore up multilateral consensus before U.S. President-elect Donald Trump returns to power in January. Their discussions of trade, climate change and international security will run up against the sharp…