This is more or less what happens when market players don’t get their fix. It’s all about economic data these days and there hasn’t been any ones this week that stood out. The focus turned towards the bond market and rising yields but even that has cooled off in the past few sessions. 10-year Treasury yields are flat today…
The Mexican Peso pauses in its recovery amid rising chances of Donald Trump winning the US presidential election. Further attempts by deputies to limit the power of the Mexican judiciary also weigh on the Peso. USD/MXN pauses in its recent pullback and looks technically poised to begin a new leg higher, piercing the 20.00 level. The Mexican Peso’s (MXN)…
2024.10.25 2024.10.25 Short-term Analysis for Oil, Gold, and EURUSD for 25.10.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro continues to trade in a…
Bitcoin busted through a long-term triangle consolidation pattern to suggest that a major trend is in the works. Where could BTC/USD be headed next? Take a look at these potential targets I’m seeing on the daily time frame! Bitcoin (BTC/USD) Chart by TradingView A combination of risk-taking and anti-USD action on election-related uncertainty allowed bitcoin to surge above its…
No need for the ECB to contemplate such a scenario That would require weaker baseline and substantial undershooting of inflation target I guess we know which side of the debate that he is on. This article was written by Justin Low at www.forexlive.com.
Gold prices fell in Saudi Arabia on Friday, according to data compiled by FXStreet. The price for Gold stood at 329.34 Saudi Riyals (SAR) per gram, down compared with the SAR 330.44 it cost on Thursday. The price for Gold decreased to SAR 3,841.30 per tola from SAR 3,854.13 per tola a day earlier. Unit measure Gold Price in…
The flash PMI readings from the eurozone painted a mixed picture of the economy in October, as improvements were seen in Germany but France reported a slowdown in both manufacturing and services sectors. The French flash manufacturing PMI dipped to 44.5 instead of climbing to 44.9 during the month, reflecting a sharper pace of industry contraction, while the services…
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…
The People’s Bank of China (PBOC), China’s central bank, injected CNY6700 billion on Friday via the one-year Medium-term Lending Facility (MLF) rate of 2.0%. Meanwhile, the PBOC drained CNY780 billion from the economy. Market reaction As of writing, AUD/USD is struggling below 0.6650, losing 0.05% on the day. Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD)…
Citi’s head of global wealth Andy Sieg spoke with CNBC: bullish U.S. equities expects rally after election uncertainty has gone “There’s going to be a relief rally that is most likely to happen. We saw it in 2016, we saw it in 2020” “… relief rally, it’s uncertainty leaving the market, being replaced by some certainty in terms of…