Author: FX

By Anthony Deutsch AMSTERDAM (Reuters) – Riot police in Amsterdam began breaking up a pro-Palestinian protest on Sunday after a court upheld a ban on demonstrations following clashes this week involving Israeli soccer fans. Hundreds of demonstrators defied the prohibition to gather in the Dutch capital’s Dam square, chanting demands for an end to violence in Gaza and “Free Palestine.” But after a local court ratified the city authorities’ ban, police moved in, instructing protesters to leave. Several people were dragged away by police, a Reuters journalist saw. The three-day ban was imposed from Friday after attacks on Israeli soccer…

Investing.com — In a Wednesday note to clients, Citi economists discussed the potential impact of a 60% tariff on Chinese goods entering the US market, a measure that has gained attention following the projection of Donald Trump’s victory in the presidential election. The report outlines that such a tariff could lead to a significant reduction in Chinese exports to the US potentially decreasing China’s GDP growth by approximately 2.4 percentage points in an extreme scenario. However, Citi believes that a universal 60% tariff is more likely a negotiating tactic rather than an imminent policy change. “The proposal of a 60%…

UPCOMING EVENTS:Monday: BoJ Summary of Opinions. (US Holiday)Tuesday: UK Labour Market report, Eurozone ZEW, US NFIB Small Business Optimism Index, Fed’s SLOOS.Wednesday: Japan PPI, Australia Wage Price Index, US CPI.Thursday: Australia Labour Market report, UK GDP, Eurozone Employment Change and Industrial Production, US PPI, US Jobless Claims, Fed Chair Powell.Friday: Japan GDP, China Industrial Production and Retail Sales, US Retail Sales, US Industrial Production and Capacity Utilization.TuesdayThe UK Unemployment Rate is expected to tick higher to 4.1% vs. 4.0% prior. The Average Earnings incl. Bonus is expected at 3.9% vs. 3.8% prior, while the ex-Bonus measure is seen at 4.7%…

By Villen Anganan PORT LOUIS (Reuters) -Mauritius was holding a parliamentary election on Sunday with Prime Minister Pravind Kumar Jugnauth and his main rivals all promising to tackle a cost of living crisis in the Indian Ocean archipelago. Polling centres opened at 7 a.m. (0300 GMT), with small numbers of voters seen moving to check their names in the register before picking their ballots, a Reuters witness said. Voting was expected to end at 1400 GMT. The country of about 1.3 million people markets itself as a link between Africa and Asia, deriving most of its revenues from a flourishing…

Mon: US Holiday: Veterans Day. BoJ SOO (Oct), BoC SLOS; Norwegian CPI (Oct)Tue: Fed SLOOS, OPEC MOMR; German CPI (Final), ZEW (Nov), UK Unemployment/Weekly Earnings (Sep), US NFIB (Oct)Wed: Riksbank Minutes (Nov), EIA STEO; Australian Wage Price Index (Q3), US CPI (Oct)Thu: ECB Minutes (Oct), Banxico Policy Announcement, IEA OMR; Australian Unemployment Rate (Oct), Swedish CPIF (Oct), EZ GDP Flash Estimate (Q3), US Initial Jobless Claims (w/e 9th Nov), PPI Final Demand (Oct), Japanese GDP (Q3)Fri: Chinese House Prices (Oct), Industrial Output (Oct), Retail Sales (Oct), German WPI (Oct), UK GDP Estimate (Sep), GDP Prelim.(Q3), US Retail Sales (Oct), NY…

Pivot Points and Trading Sessions Forex Trading Strategy emerges as a crucial tool for traders seeking to enhance their market analysis. Pivot Points are essential levels that traders use to identify potential turning points in the market. They serve as indicators of support and resistance, offering insight into where the price may reverse or continue its trend. By understanding and applying Pivot Points, traders can gain a strategic edge in their decision-making processes, helping them to anticipate price movements more effectively. The significance of trading sessions in the forex market cannot be overstated. With the forex market operating around the…

The foreign exchange market, or forex for short, is a thrilling arena where fortunes can be made and lost in the blink of an eye. For traders navigating this dynamic landscape, identifying potential trend reversals is paramount. This knowledge empowers you to capitalize on shifts in momentum, potentially entering trades at opportune moments and profiting as the market carves a new direction. Fortunately, the MetaTrader 4 (MT4) platform, a widely popular choice among forex traders, offers a vast arsenal of technical indicators designed to aid in precisely this pursuit. But with a plethora of options available, the question arises: what’s…

The Price Action Scanner Forex Trading Strategy focuses on one of the most fundamental aspects of trading: the behavior of price itself. Price action, in its simplest form, refers to the movement of an asset’s price over time. This strategy is designed to identify specific patterns and trends based on how prices move, offering traders insights without relying heavily on indicators. By utilizing a scanner to detect price action signals across multiple currency pairs and timeframes, this approach gives traders the tools to make informed decisions quickly and efficiently. At the heart of this strategy lies the belief that all…

Nov. 09, 2024 6:36 PM ETS&P 500 Index (SP500)SPY, IVV, RSP, SH, SSO, SDS, UPRO, VOO, MAGA, SPXU, DEMZ, ACVF, YALL, KRUZ, NANCBy: Anuron Mitra, SA News Editor LD Minneapolis Federal Reserve President Neel Kashkari on Saturday said he is “not concerned” about the relationship between U.S. president-elect Donald Trump and central bank chair Jerome Powell, adding that both political parties wanted a strong economy and lower inflation. Powell was Source link

By Jason Lange WASHINGTON (Reuters) -Republicans on Saturday appeared close to clinching control of the U.S. House of Representatives, a critical element for President-elect Donald Trump to advance his agenda when he returns to the White House in January. With votes still being counted from the Nov. 5 general election, Republicans had won 212 seats in the 435-member House, according to Edison Research, which projected on Friday night that Republican Jeff Hurd had enough votes to keep Republican control of Colorado’s 3rd congressional district. Republicans need to win six more seats to keep control of the House and they already…