Missed the head and shoulders breakdown we were watching on gold prices a few days back? The precious metal is in the middle of a correction to this area of interest! Take a look at these near-term inflection points I’m watching on the 4-hour time frame: Gold (XAU/USD) 4-hour Chart by TradingView Check out that sharp neckline breakdown after…
Markets: S&P 500 up 0.4% WTI crude oil down $1.88 to $70.48 Gold down $24 to $2683 US 10-year yields down 4 bps to 4.30% JPY leads, AUD lags China set the table for US markets on Friday as the stimulus announcements disappointed, leading to a 5.5% decline in US-listed China ETFs and a slump in the Australian dollar…
China Consumer Price Index (YoY) came in at 0.3% below forecasts (0.4%) in October
2024.11.08 2024.11.08 How to trade Commodities: A Comprehensive Guide to an Unusual Market Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ You may wonder why we called the commodity market an unusual one. What is so special about it? If you are engaged in forex trading or speculate on the stock market, can you trade commodities? How does commodity trading work? Which commodities should you…
Many of us are lured into the world of forex trading because of the potential to score big bucks, along with plenty of opportunities to exercise one’s brain and will. For some, the latter only comes in second as the prospect of making sizeable returns is more appealing. There are instances when forex traders are just in it to win…
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…
China Producer Price Index (YoY) below forecasts (-2.5%) in October: Actual (-2.9%)
2024.11.08 2024.11.08 15 Best Forex Trading Books for Beginners and Advanced Traders Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Forex trading books are an alternative to private blogs, theoretical papers, forums, and separate articles. Books consistently and deeply reveal the essence of trading, and expert authors share their experiences. Moreover, books allow you to revisit and review the material at your own pace at…
Trump’s presidential win sparked a broad market rally, with investors piling into assets on hopes for business-friendly policies and fiscal stimulus under the new administration. Bitcoin made some of the biggest waves while U.S. stock indices also reached record levels. However, the excitement eased a bit toward the end of the week as both the Fed and Bank…
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…
