Author: FX

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…

(Reuters) -Singapore Post said on Sunday it had dismissed its chief executive and two other senior managers after an internal investigation found they had mishandled whistleblower allegations about misconduct by company employees. The firm’s shares slumped by the most in over four years as the city-state’s bourse opened for trading. The stock plunged as much as 9.8%, its biggest intraday loss since March 2020. The alleged misconduct reported by the whistleblower related to several employees who worked in the company’s international e-commerce logistics parcels business, the company said in a statement, without giving further details. The firm had received a…

The Bear Bulls Power Candle and ASO Forex Trading Strategy is a powerful combination designed to help traders navigate the complexities of the Forex market with precision. At its core, this strategy relies on the Bear Bulls Power Candle to visually represent the balance between buyers and sellers, providing insight into market sentiment. When paired with the Advanced Stochastic Oscillator (ASO), which excels at identifying overbought and oversold conditions, the strategy becomes a comprehensive tool for spotting high-probability trade setups. This strategy is particularly effective because it merges price action with technical analysis. The Bear Bulls Power Candle identifies pivotal…

People’s Bank of China USD/CNY reference rate is due around 0115 GMT.The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%. How the process works:Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central…

AUD/USD flatlines near 0.6250 in Monday’s early Asian session.  The US PCE inflation reports came in softer than the expectations in November, weighing on the USD.  The rising bets for RBA rate cuts next year could undermine the Aussie.  The AUD/USD pair trades on a flat note around 0.6250 during the early Asian session on Monday. Traders brace for the Reserve Bank of Australia (RBA) Minutes released on Monday for some insight into the interest rate outlook. The softer-than-expected US Personal Consumption Expenditures (PCE) Price Index report dragged the US dollar (USD) lower on Friday. Data released by the US Bureau…

By Gram Slattery WEST PALM BEACH, Florida (Reuters) -President-elect Donald Trump threatened to reassert U.S. control over the Panama Canal, accusing Panama of charging excessive rates to use the Central American passage, which allows ships to cross between the Pacific and Atlantic oceans. Speaking to a crowd of supporters in Arizona on Sunday, Trump also said he would not let the canal fall into the “wrong hands,” warning of potential Chinese influence on the passage. China does not control or administer the canal, but a subsidiary of Hong Kong-based CK Hutchison Holdings has long managed two ports located on the…

iShares ESG Aware MSCI EAFE ETF declares semi-annual distribution of $1.0051 Source link

WASHINGTON (Reuters) – Stephen Miran, who was an adviser for economic policy at the U.S. Treasury Department when Donald Trump was last in office, has been tapped by the president-elect as the chair of his Council of Economic Advisers, Trump said on Sunday. The White House Council of Economic Advisers advises the president on economic policy. Source link

By Anne Kauranen SAARISELKA, Finland (Reuters) -Russia poses a bigger threat to European Union security than just defence as Moscow can use illegal immigration and other issues to undermine the bloc, Italian Prime Minister Giorgia Meloni said on Sunday. Finland hosted the leaders of Italy, Sweden and Greece, as well as the EU foreign affairs chief, in its northern Lapland region at the weekend to discuss security in the Nordic region and the Mediterranean, as well as migration challenges in southern Europe. “We have to understand the threat is much wider than we imagine,” Meloni, who leads a conservative government,…

By Nidal al-Mughrabi CAIRO (Reuters) -Israeli military strikes across the Gaza Strip killed at least 17 Palestinians, eight of them at a school sheltering displaced families in Gaza City, medics said, as the Israeli military ordered the evacuation of a hospital in the north. Palestinian medics said eight people, including children, were killed in the Musa Bin Nusayr School that sheltered displaced families in Gaza City. The Israeli military said in a statement the strike targeted Hamas militants operating from a command centre embedded inside the school. It said Hamas militants used the place to plan and execute attacks against…