Author: FX

Cable has just halted a downswing around a potential technical support zone. Will GBP/USD find enough demand at the level to extend a long-term trend? We’re checkin’ out the daily chart! GBP/USD 1-hour Forex Chart by TradingView In case you missed our last FX Weekly Recap, you should know that the U.S. dollar got a lot of support from shifting Fed interest rate expectations and a potential Trump presidency leading to higher inflation in the U.S. The British pound wasn’t a slacker either, as it maintained its gains against “riskier” FX counterparts after a BOE member hinted at higher terminal…

With a full slate of GDP, inflation, and central bank updates, markets are set for a whirlwind of economic insights this week. As the BOJ, global data releases, and U.S. job figures take the stage, traders will be sizing up each report for clues on future rate paths and growth momentum. Before all that, make sure you’re updated on the global intermarket moves and major FX themes that pushed the major financial assets around last week. Now here’s what market analysts are expecting from this week’s catalysts: This Article Is For Premium Members Only Become a Premium member…

Info comes via Reuters, updating the Citi outlook for oil. Lowers 0-3 month Brent oil target price to $70/bbl (from $74/bbl)Lowers Q4 2024 Brent forecast to $70/bbl (from $74/bbl)Recent Israel military action is unlikely to be seen by the market as leading to an escalation that impacts oil supplyWe expect a lower geopolitical risk premium in our base case, than we previously assumed Oil gapped lower in Sunday evening (US time) futures trade:Oil update – Brent (futures) circa $72Israel strikes on Iran look designed to minimize the chance of retaliation This article was written by Eamonn Sheridan at www.forexlive.com. Source…

NZD/USD weakens to near 0.5970 in Monday’s early Asian session.  Expectation of slower pace of Fed rate reductions boosts the US Dollar.  Fresh stimulus policies from China might help limit the NZD’s losses.  The NZD/USD pair trades with mild losses around 0.5970 on Monday during the Asian trading hours. The firmer Greenback amid stronger US economic data and the less dovish stance of the US Federal Reserve (Fed) undermine the pair.  Meanwhile, the USD Index (DXY), which tracks the US Dollar (USD) against a basket of currencies, currently trades near a three-month top of 104.50. US rate futures have priced in a…

The Total Power and Fractal Channel Forex Trading Strategy is designed to simplify your trading process while boosting accuracy. If you’ve ever struggled with deciding when to enter or exit trades, this strategy aims to clear up that confusion by combining two reliable indicators. The Total Power Indicator helps you figure out if the market is being controlled by buyers or sellers, giving you a better sense of the overall trend. Meanwhile, the Fractal Channel helps spot key price levels where the market could reverse, making it easier to time your trades. Using the Total Power Indicator, you get a…

Have you ever felt like the market is taking a breather after a strong move, only to see it pick up steam again in the same direction? This is a classic sign of a flag or pennant pattern, a chart formation beloved by technical analysts for its potential to predict trend continuations. But how can you identify these patterns with confidence, especially in the fast-paced world of online trading? Enter the world of MT4 Flag and Pennant indicators, automated tools that can streamline your technical analysis and potentially elevate your trading game. This comprehensive guide dives deep into the world…

By Sakura Murakami, John Geddie and Tim Kelly TOKYO (Reuters) -Japan’s ruling coalition lost its parliamentary majority in a drubbing at Sunday’s national election, raising uncertainty over the make-up of the next government and the outlook for the world’s fourth-largest economy. With all but 20 of the 465 seats accounted for, Prime Minister Shigeru Ishiba’s Liberal Democratic Party (LDP), which has ruled Japan for almost all of its post-war history, and junior coalition partner Komeito took 209 seats in the lower house of parliament, public broadcaster NHK reported. That was down from the 279 seats they held previously and marked…

This week our currency strategists focused on the Bank of Canada interest rate statement and the Euro Area PMI survey updates for potential high-quality setups. Out of the eight scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay.  Check out our review on those discussions to see what happened! Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If…

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…

wdstock Douglas Elliman’s (NYSE:DOUG) board forced CEO Howard Lorber to resign last week amid concerns about a sexually charged work environment, The Wall Street Journal reported Sunday, citing people familiar with the situation. According to the report, the issues were raised Source link