Author: FX

Is the Canadian economy expecting another jobs slowdown that could keep the Bank of Canada (BOC) dovish? Or are we about to see a rebound that could change their policy bias? Here are the points you need to know if you’re thinking of trading Canada’s October jobs release. 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 guides Access to exclusive MarketMilk™ sections Plus More! Source link

Trump’s election win dominated price action on Wednesday, sending most of the major assets to notable highs and lows. How did your favorite assets trade yesterday? We have the deets: Headlines: Trump’s projected election win sent the U.S. dollar, Treasury yields, and equities sharply higher Germany factory orders jumped from -5.4% to 4.2% m/m in September; August reading revised from -5.8% Spain services PMI for October: 54.9 (56.6 expected, 57.0 previous) Italy services PMI for October: 52.4 (50.3 expected, 50.5 previous) France final services PMI revised higher from 48.3 to 49.2 in October Germany final services PMI upgraded from 51.4…

The foreign exchange market, or forex for short, can be a thrilling yet intimidating arena for aspiring traders. With constant price fluctuations and a plethora of technical analysis tools, navigating this dynamic landscape requires both knowledge and a reliable toolkit. Enter the DSS Bressert MT4 Indicator, a powerful weapon in your technical analysis arsenal that can help you identify potential overbought and oversold conditions, ultimately guiding your entry and exit points in the market. This comprehensive guide delves into the world of the DSS Bressert, equipping you with the knowledge and confidence to leverage its potential. We’ll explore its origin,…

Australian trade data for September 2024Barely impacting on the Australian dollar. This article was written by Eamonn Sheridan at www.forexlive.com. Source link

EUR/USD plummeted nearly 2% on Wednesday as markets bid up the US Dollar. Fiber saw one of its worst days in years as markets struggle to find a reason to buy the Euro. EU economic calendar remains tepid, leaving markets to focus on Fed rate cuts. EUR/USD plummeted during the midweek market session, falling over 1.75% into the red and tumbling back below 1.0750 for the first time since July. Markets have broadly pivoted into the Greenback following clear results from this week’s US presidential election that sees former President Donald Trump as the frontrunner. EU-based market data remains relatively…

designbase/E+ via Getty Images Led by gains in its fragrances category, Coty (NYSE:COTY) reported a modest improvement in sales in the fiscal first quarter, leading to a 67% increase in profits which fell short of expectations. The outcome resulted in a loss of less Source link

Investing.com – Russia stocks were higher after the close on Wednesday, as gains in the , and sectors led shares higher. At the close in Moscow, the rose 1.79%. The best performers of the session on the were ADS Ozon Holdings PLC ORD SHS (MCX:), which rose 5.95% or 162.50 points to trade at 2,891.50 at the close. Meanwhile, AK ALROSA PJSC (MCX:) added 4.80% or 2.33 points to end at 50.87 and Unipro PJSC (MCX:) was up 4.76% or 0.08 points to 1.70 in late trade. The worst performers of the session were Polyus PJSC (MCX:), which fell 3.37%…

John PaulsonGold is down $78 today to $2666 on the combination of higher Treasure yields and a stronger US dollar following the election. There is also some element of ‘sell the fact’ and relief that we don’t have a contested, uncertain result.It’s a 2.8% daily drop but it’s only a moderate setback in this year’s 29% rally. I don’t have an opinion on the short-term as momentum trades are likely to extend here but gold traders will want to keep an eye on Trump’s selection for Treasury Secretary.A strong candidate is hedge fund manager John Paulson. The New Yorker ran…

UNH stock jumps more than 6% on Trump presidential election win. Health insurers that manage Medicare Advantage programs saw their share prices rise. The Biden administration has been attempting to lower reimbursement rates for senior healthcare. Companies focused on Medicaid care swung to losses as Republicans are less favorable to the poor.   UnitedHealth Group (UNH), the single largest weighting in the Dow Jones Industrial Average (DJIA), has risen about 6% on Wednesday in light of Donald Trump’s reelection to the US presidency.  Though states are continuing to count the outstanding vote, Trump has secured enough electoral votes to ensure…

By Karin Strohecker and Noe Torres LONDON/MEXICO CITY (Reuters) -Mexico’s peso touched its weakest level in over two years on Wednesday as Donald Trump emerged victorious in the U.S. presidential election, extending a streak of volatility and weakness for the emerging markets bellwether currency. The peso dropped in early trading as low as 20.8100 per dollar for the first time since August 2022, more than 3% below its previous close and the biggest such tumble since Mexico’s election in the summer roiled domestic assets. It then retraced some of its losses to hover at 20.6170 to the dollar by 0928…