Author: FX
Bitcoin is closing out a great week on a positive note. It briefly fell below $88K in US trading but has been steadily bid since and particularly in the past hour. It’s now up 3.3% on the day to $91,200 and that’s coincided with a modest rebound in risk appetite more broadly. This article was written by Adam Button at www.forexlive.com. Source link
The US Dollar Index has pulled back from its yearly high, helping to limit the decline of the Aussie Dollar. Weak Australian labor data pushes the pair downwards on Friday. Hawkish bets on the RBA might also help the Aussie. The AUD/USD pair rose by 0.20% to 0.6460 in Friday’s session. The Australian Dollar staged a comeback as the US Dollar Index (DXY) pulled back from its yearly highs. However, the Aussie Dollar may face challenges due to recent weak domestic and Chinese economic data. On the bright side, Reserve Bank of Australia (RBA) Governor Bullock stated that current interest…
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…
US equities are making new lows but bonds have turned around.Ten-year Treasury yields touched the highest since May earlier today at 4.50% but have since turned around and are now down 1.6 bps on the day to 4.40%.US 10s, hourlyThat’s a solid rejection but the next hurdle is yesterday’s low. A drop below that would end a series of higher lows and if it comes with more equity selling it could be part of a broader flight to safety.USD/JPY will also key off of yields and could further retrace if this move continues.Interestingly, the big jump in yields started after…
Everything is always on the policy tableAsked about a Dec cut, said he doesn’t like to tie his hands before dataWe are going to be looking at rate cuts along the lines of the Sept Fed projectionsRecent inflation has been higher than target, if that’s extended then it’s too highNot a lot has changed in the past couple weeksHere are the Sept projections. The market is pricing in 3.80% for next December. This article was written by Adam Button at www.forexlive.com. Source link
The USD retreated on Friday after hitting yearly highs near 106.60. The market has responded to Fed Chair Powell’s comments with odds of a December cut falling to 60%. Retail Sales expanded by 0.4% in October vs. the previous month, surpassing expectations. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, failed to secure a sixth consecutive day of gains in a volatile trading Friday. Federal Reserve (Fed) Chair Jerome Powell has instilled uncertainty in the markets by expressing reservations about a December interest rate cut, while markets assess fresh Retail…
Nov. 15, 2024 12:32 PM ETVanEck Uranium and Nuclear ETF (NLR), URAXLU, CCJ, LEU, UUUU, DNN, UEC, URG, LTBR, NXE, URNM, UROY, SMR, OKLO, NNEBy: Carl Surran, SA News Editor zhongguo/E+ via Getty Images Uranium prices rose Friday after Russia announced temporary restrictions on the export of enriched uranium to the U.S., although uranium-related shares trade mixed after moving higher on the initial news. Trading higher: Ur-Energy (URG) +3.6%, Denison Mines ( Source link
GBP/USD Price Forecast: Stumbles on soft UK data, bears target 1.2600 The Pound Sterling extends its agony and printing losses for the sixth straight day against the Greenback. Soft UK GDP coupled with robust US Retail Sales figures boosted the US Dollar and weighed on GBP/USD, which trades at 1.2636, down 0.22%. Read More… GBP/USD resumes downside bias after release of US Retail Sales GBP/USD edges lower on Friday, falling to the 1.2660s as markets digest the latest data release, US Retail Sales in October, and its positive implications for the US Dollar (USD). Read More… GBP/USD holds ground above 1.2650 following mixed UK data, US Retail sales eyed GBP/USD…
GBP/USD remains under pressure, testing significant support levels after crossing below the 200-day SMA. Further downside may see the pair target 1.2600 and potentially extend to May’s low of 1.2445. Recovery above 1.2700 could challenge resistance at 1.2817, with RSI indicating potential consolidation ahead. The Pound Sterling extends its agony and printing losses for the sixth straight day against the Greenback. Soft UK GDP coupled with robust US Retail Sales figures boosted the US Dollar and weighed on GBP/USD, which trades at 1.2636, down 0.22%. GBP/USD Price Forecast: Technical outlook The GBP/USD is bearish-biased once it falls below the 200-day…
By Eduardo Baptista LIMA (Reuters) – With Donald Trump’s imminent return to the U.S. presidency looming over the Asia-Pacific Economic Cooperation (APEC) summit in Lima, Chinese President Xi Jinping said on Friday that unilateralism and protectionism needed to be rejected in favour of economic globalization. Xi’s critique of protectionism at APEC offers a preview of how China will seek to position itself once Trump takes office in January. Trump has pledged to impose tariffs on Chinese imports in excess of 60% but Beijing and Chinese companies are hoping that his protectionist policies will also irk U.S. allies in Europe and…