Created on December 03, 2024 As I look at the Euro against the British pound, I have to ask a lot of questions of whether or not we are breaking down more significantly than we have seen in the past. When I zoom out on the charts going back to approximately the summer of 2016,

Market Overview: Key Developments and Outlook Asian Session Highlights USD vs. Yen: The U.S. dollar remained near a six-week low against the yen. Euro Weakness: The euro declined, partly due to political instability in France, where Prime Minister Michel Barnier faces a potential vote of no confidence, which could introduce volatility in the euro and

Canada’s manufacturing PMI rose from 51.1 to 52.0 in November. The US manufacturing PMI rose to 48.4 after a previous reading of 46.5. US unemployment might increase in November. The USD/CAD outlook shows stronger-than-expected business activity in Canada’s manufacturing sector which is supporting the loonie. Meanwhile, the dollar eased

Silver (XAG/USD) remains under pressure, trading at $30.55 after hitting an intra-day low of $30.05. The primary driver behind this bearish move is the renewed strength of the US Dollar (USD), fueled by expectations of slower Federal Reserve rate cuts and rising US Treasury yields. The USD has gained additional support amid escalating geopolitical uncertainties.

Image used for representative purpose only | Photo Credit: Reuters The rupee fell 4 paise to all-time low of 84.76 against the U.S. dollar in early trade on Tuesday, as the strength of the American currency in the overseas market and unabated foreign portfolio outflows dented investor sentiments. Forex traders said the depreciation in rupee

Created on December 02, 2024 My previous BTC/USD signal on 21st November was not triggered, as none of the key levels which I had identified were reached that day. Today’s BTC/USD Signals Risk 0.50% per trade. Trades may only be taken prior to 5pm Tokyo time Tuesday. Long Trade Ideas Long entry after a bullish

Retail sales in Australia grew by 0.6% in October, above forecasts of a 0.4% increase. Market participants do not expect an RBA rate cut this year. US employers likely hired 195,000 new workers in November.  The AUD/USD forecast shows a volatile start to the week due to upbeat Australian

Created on December 02, 2024 After trading around the 20.73000 level into Wednesday of last week, the USD/MXN has begun to exhibit calmer trading sentiment among financial institutions, but the currency pair remains within higher elements still even as it trades lower. The USD/MXN has traded slightly lower and is touching the 202.41400 level early

Created on December 02, 2024 The cable rallied a bit during the trading session on Friday to break above the crucial 1.27 level. However, we have seen a little bit of pushback. So, this is what I call a holding pattern in the Forex world. We’ve broken out. And once you see this candlestick alarm

Created on December 02, 2024 Trump’s harsh threats against BRICS countries regarding the exclusive use of the US dollar have contributed to a strong positive momentum for the US dollar, causing gold prices to decline to the support level of $2622 per ounce. This move abandoned the gains of the previous Friday’s session, which reached

EUR/USD falls amid French political uncertainty French government is on the verge of collapse Eurozone manufacturing PMI contracts further USD rises as Trump threats trade tariffs EUR/USD looks to test 1.05 EUR/USD is falling at the start of the week after strong gains last week as the US dollar rebounds and amid French political uncertainty.

With the US election complete and Q3 earnings season drawing to a close, eyes are now turning to December and interest rates, with several major central banks set to decide on their latest interest rate moves, including the Bank of England, European Central Bank, Federal Reserve and Bank of Japan. Here’s what to watch: Inflation:

Created on December 02, 2024 At the beginning of this week, the US dollar regained its recent losses following Trump’s recent harsh threats and ahead of the start of trading for those who abandon the US dollar. As a result, the EUR/USD currency pair is stabilizing on a downward trend around the support level of

Canada’s economy expanded by 1% in the third quarter. Markets raised the chances of another super-sized BoC rate cut from 31% to 50%.  Market participants are awaiting the US nonfarm payrolls report. The USD/CAD outlook shows a weak Canadian dollar after data last week raised the likelihood of another

Created on December 02, 2024 IFC Markets, a leading global CFD broker, is thrilled to announce the launch of its new ECN (Electronic Communication Network) accounts. This new offering enhances traders’ access to the market by providing direct connectivity to liquidity providers, ensuring competitive pricing and lightning-fast order execution. With the introduction of ECN accounts,

Created on December 01, 2024 During the month of November, we have seen the gold market plunge a couple of times, but quite frankly it continues to find plenty of buyers, and I think that is something that you need to pay attention to. After all, when the market simply won’t die, that’s a good

Created on December 01, 2024 The NASDAQ 100 has been pretty noisy during the month of November, but ultimately it looks like we are closing out with a bit of again. At this point in time, the first thing that comes to mind when I think of stock markets in December is that they have

Created on December 01, 2024 The month of November has been positive for the S&P 500 again, and as we head into December, this is one of the more interesting times of the year. This is a month that will be noisy, mainly due to the fact that we had been running straight up in

Created on December 01, 2024 The US dollar has been positive against the Mexican peso for most of the month of November, and as I write this article, we are threatening to break above the 20.70 level quite handily. This brings the 21 MXN level into focus, and I think this is an area that