Author: FX
Gold bears have been in control lately, pushing XAU/USD down nearly 7% from its recent all-time highs. But could the shiny metal find strong support at a key technical confluence zone that could spark another leg higher? Check out these inflection points we’re watching on the daily time frame: Gold (XAU/USD) Daily Chart by TradingView The U.S. dollar has been on a roll since Trump’s election victory, which pointed to inflationary policies that may keep U.S. interest rates higher for longer. At the same time, a risk-friendly trading environment weighed on the demand for safe havens like gold. Now that…
All China Oct New Home Prices: -5.9% YoY (Sept -5.8%)All China Oct New Home Prices: -0.5% MoM (Sept -0.7%)Regionally:China Oct Shenzhen New Home Prices: -8.1% YoY (Sept -8.6%)China Oct Shenzhen New Home Prices: +0.1% MoM (Sept -1.0%)China Oct Guangzhou New Home Prices: -10.4% YoY (Sept -10.3%)China Oct Guangzhou New Home Prices: -0.7% MoM (Sept -0.9%)China Oct Shanghai New Home Prices: +5.0% YoY (Sept +4.9%)China Oct Shanghai New Home Prices: +0.3% MoM (Sept +0.6%)China Oct Beijing New Home Prices: -4.9% YoY (Sept -4.6%)China Oct Beijing New Home Prices: -0.7% MoM (Sept -0.7%) This article was written by Greg Michalowski at www.forexlive.com.…
JPow shook the markets on Thursday when he hinted that the FOMC gang isn’t in any hurry to cut interest rates further. How did the major assets react to the possibility? We’re breaking down the biggest market movers in the last trading sessions! Headlines: AUD slipped after Australia’s lower job growth hinted at cooling labor market pressures in October RBA Gov. Bullock thinks the central bank is “restrictive enough” and will remain restrictive until they’re confident in the “downward trajectory in demand” RICS: U.K. house price growth appears to be “gradually gaining momentum” though the rise in bond yields may…
The world of financial markets can be a thrilling yet daunting landscape. For traders, navigating price movements and identifying trends is crucial for making informed decisions. This is where technical analysis comes in, offering a toolbox of indicators to illuminate potential opportunities. Today, we’ll delve into a unique and dynamic indicator – the Kaufman Adaptive Moving Average (KAMA) – specifically designed for the MetaTrader 4 (MT4) platform. What is the KAMA Indicator? The KAMA indicator is a trend-following tool developed by technical analyst Perry Kaufman. Unlike traditional moving averages that simply average past price points, the KAMA boasts a more…
EUR/USD continues to decline as the Euro deflates. Fiber found a 57-week low as the Greenback continues to climb. US Retail Sales in the barrel for Friday will wrap up the economic calendar. EUR/USD briefly tested fresh year-long lows on Thursday, piercing the 1.0500 handle for the first time in 54 weeks. A lack of meaningful EU data is doing very little to provide support for the Euro, and Fiber bids continue to tilt in favor of the safe haven US Dollar. European Gross Domestic Product (GDP) growth figures failed to spark a bid under the Euro, printing exactly at-expectations.…
GaryPhoto/iStock Editorial via Getty Images Discover Financial’s (NYSE:DFS) credit card delinquency rate edged up while its net charge-off rate dropped significantly in October, the company disclosed in a filing on Thursday. The delinquency rate increased to 3.87% from 3.84% in September. That compared with 3.61% a year ago and Source link
Jennifer Tejada, the Chief Executive Officer of PagerDuty, Inc. (NYSE:), recently executed a significant stock transaction. According to a filing with the Securities and Exchange Commission, Tejada sold 18,750 shares of PagerDuty’s common stock on November 12, 2024, at a weighted average price of $20.04 per share. This sale, conducted under a 10b5-1 trading plan, brought the total transaction value to approximately $375,750. In addition to the sale, Tejada exercised stock options to acquire 18,750 shares at a price of $2.00 per share, increasing her holdings by a corresponding amount. Following these transactions, Tejada’s direct ownership stands at 907,631 shares,…
Goldman Sachs anticipates October core retail sales to grow by 0.3%, in line with consensus, driven by robust card spending. Headline retail sales are forecasted to increase by 0.4%, with lower gasoline prices partially offset by higher auto sales.Key Points:Core Retail Sales Forecast: Core retail sales are expected to increase by 0.3%, reflecting stable consumer spending patterns, especially in card-based transactions.Headline Sales Boost from Autos: Headline retail sales are projected to rise 0.4%, bolstered by auto sales growth, though partially countered by lower gasoline prices.Conclusion:Goldman Sachs expects October’s retail sales data to show steady growth, with solid core sales and…
Remarks from Fed Chair Jerome Powell will heat the US session on Thursday. Fed officials maintain the monetary policy path despite the new political scenario. Powell’s speech and Fed commentary will likely revolve around Trump’s victory. Federal Reserve (Fed) Chairman Jerome Powell is due to participate in a panel discussion titled “Global Perspectives” at an event hosted by the Federal Reserve Bank of Dallas this Thursday, and speculative interest eagerly awaits his words. The Fed had recently delivered as expected, trimming the benchmark interest rate by 25 basis points (bps) in November after cutting it by 50 bps in September.…
Disney logs best post-earnings gain in years on entertainment, strong profit guidance Source link