Forex

Euro (EUR) Forecast: EUR/USD, EUR/GBP Crumble as Rate Cut Talk Gets Louder The Euro has sold off against a range of other currencies this week as expectations of ECB rate grow and bond yields slump. EUR/USD Forecast – Prices, Charts, and Analysis The ECB may be the first major central bank to cut interest rates […]

The unique economic landscape, regulatory environment, and growing interest in financial markets present both significant opportunities and challenges Forex trading in Malaysia has emerged as a popular and potentially lucrative activity in recent years. This form of trading, which involves the exchange of foreign currencies, has attracted a diverse range of participants from individual retail

GBP/USD is soaring on expectations of aggressive Fed rate cuts in 2024, despite Fed Chairman Powell’s protestations… Source link

GBP/USD is soaring on expectations of aggressive Fed rate cuts in 2024, despite Fed Chairman Powell’s protestations… Source link

Number of traders net-short has decreased by 19.21% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI USD/CAD BEARISH 51.44% 48.56% 5.67% Daily 46.95% Weekly -10.42% Daily -19.21% Weekly -2.80% Daily 5.15% Weekly of clients are net long. of clients are net short. Change in Longs Shorts

Markets: At the start of trading this morning, core (US) bonds showed tentative signs of taking a breather after their recent rally. However, French data again perfectly fit the recent bond friendly market momentum. French Q3 GDP growth was downwardly revised from +0.1% to -0.1%. October consumer spending fell off a cliff (-0.9% M/M) and,

Watch today’s US Open for insights on the inflation deceleration in the US and Eurozone, the hawkish hold from the central bank of New Zealand, Tesla’s Cybertuck delivery event and more Source link

The S&P 500 staged a rally, nearing record highs, but caution is urged as the market appears overextended. Source link

Trading into the weekend may prove choppy; U.S Treasury markets may affect sentiment regarding yields.  The NZD/USD hit the 0.62070 ratio early Wednesday, the last time this value had been attained was on the 1st of August. The upward climb in the NZD/USD has been rather consistent since the start of November, and bullish traders

Taipei, Nov. 30 (CNA) The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.010 to close at NT$31.260. Source link

GBPCHF reversed from resistance level 1.1130 Likely to fall to support level 1.1050 GBPCHF currency pair recently reversed down from the pivotal resistance level 1.1130, which stopped the previous minor correction 2 at the start of this month, as can be seen below. The resistance level 1.1130 was strengthened by the upper daily Bollinger Band

Key Highlights Gold prices rallied over the $2,000 and $2,020 resistance levels. A key bullish trend line is forming with support near $2,025 on the 4-hour chart. Crude oil prices are attempting a recovery wave from the $72.00 zone. EUR/USD climbed above the 1.1000 level before the bears appeared. Gold Price Technical Analysis Gold remained

  The Reserve Bank of India (RBI) has taken a significant step in safeguarding the interests of investors by updating its ‘Alert List’ of unauthorised forex trading platforms. The latest update includes 19 additional entities, bringing the total number to 75. This move aims to curb illegal forex trading activities and protect consumers from potential

Australian CPI falls more than expected AUD/USD down after four-day winning streak The Australian dollar is in negative territory on Wednesday, after four straight winning sessions. In the North American session, AUD/USD is trading at 0.6623, down 0.39%. Australia’s inflation rate surprises on the downside Australia’s inflation rate rose 4.9% y/y in October, down from

The US PCE inflation report is arguably the event of the week, and with traders having vigorously sold the US dollar ahead of it I am left wondering if it is a case of ‘sell the rumour, buy the fact’ – especially if it comes on hot. And with AUD/USD and gold stalling around key

German inflation falls to 3.2%, eurozone inflation next US second-estimate GDP improves to 5.2% The euro is showing limited movement on Wednesday. In the North American session, EUR/USD is trading at 1.0984, down 0.11%. German inflation falls to 3.2% Gerrmany’s inflation rate dropped more than expected, coming in at 3.2% y/y in November. This was

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USDJPY bounces from new ten-week low on Wednesday, as bears faced headwinds on probe through the base of daily cloud (147.38) and from 100DMA (146.97). Fresh jump was sparked by dovish comments from BoJ policymaker, who said that it is still early to talk about exiting from negative rate policy. However, bounce is likely to

On the higher timeframes, NZDUSD almost touched the upper boundary of the descending corridor, which the pair has mainly followed since March 2021. This year, the pair have spent a lot of time near the lower boundary, while reversals down from the upper boundary have been swift. During the period of this channel, it took