British Pound Outlook: GBP/USD GBP/USD may trade within the November range as it pares the decline from the start of the week, but the exchange rate may stage additional attempts to test the May low (1.2446) as a bear-flag formation appears to be taking shape. GBP/USD Recovery Vulnerable as Bear Flag Formation Takes Shape Keep

Created on December 03, 2024  This makes a huge difference, due to the fact that the futures markets of course have the most liquidity during the US session. Furthermore, it’s worth noting that the contract that you are trading in is more likely than not a derivative of the Henry Hub Natural Gas contract, which

As 2024 draws to a close, financial markets are experiencing the reverberations of significant geopolitical events and monetary policy shifts. The re-election of Donald Trump and his revived trade policy agenda have reignited volatility across currency markets, propelling the USD to two-year highs. Is your payments strategy sufficient to help ensure your business stays ahead

Created on December 03, 2024 The US dollar initially did try to recover against the Japanese yen during the trading session on Monday, but a lower than anticipated manufacturing PMI number may have been a bit of a problem. While that has seen the US dollar rocket higher against other currencies, I think this is

The euro plunged in the previous session due to political turmoil in France. The euro lost 3% of its value against the dollar in November. The US manufacturing PMI increased from 46.5 to 48.4. The EUR/USD price analysis shows some bullish momentum after a slide in the previous session.

Created on December 03, 2024 As we predicted, the EUR/USD’s resilience wouldn’t last long. At the beginning of this crucial trading week, the currency pair attempted to surpass its recent gains of 1.0571, but with the continued pressure on the Euro due to political and economic factors, as well as the strength of the US

The EUR/JPY is our featured technical chart, for not only a technical breakdown is looking increasingly likely, but the macro back backdrop makes for a bearish fundamental backdrop. In short, the euro is undermined because of Europe’s persistent economic and political challenges, while a potential rate hike from the Bank of Japan magnifies the yen’s

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: