XAU/USD drops to $2,646 after September inflation data suggests progress toward the Fed’s 2% target. US 10-year Treasury yield falls five basis points, while the US Dollar Index dips by 0.16% to 100.41. Geopolitical risks rise as Israel strikes Lebanon, but Gold fails to gain momentum as traders cash in profits. Gold fell to a […]
The NZD/USD climbed to fresh highs since December. The RSI stands deep in positive area and the MACD shows rising green bars supporting an overall bullish outlook. If the bulls fail to conquer 0.6400, it might trigger a downward correction. On Friday, the NZD/USD pair continued its ascent from Thursday, adding 0.20%, reaching 0.6354 and […]
AUD/USD gains traction from risk-on sentiment and China’s stimulus measures. Hawkish RBA stance and soft US inflation maintain upside potential for AUD/USD. Markets are still betting on a 50 bps cut by the Fed. The AUD/USD gained traction on Friday, climbing by 0.20% to 0.6910. Optimism surrounding China’s stimulus measures, including monetary easing by the […]
XAG/USD drops over 1% to $31.60 after reaching a yearly high of $32.71 earlier in the week. Failure to close above $31.75 could see Silver trading between $31.00 and $31.70, with potential for further weakness. A break above $32.00 may lead to retesting the YTD high of $32.71, with $33.00 as the next key resistance […]
The Canadian Dollar fell across the board on Friday. Canada saw a higher-then-expected GDP print from July. US PCE inflation data dominated Friday’s headlines. The Canadian Dollar (CAD) fell back against all of its major currency peers on Friday, shedding nearly one-third of one percent against the Greenback. Markets shrugged off an upbeat print in […]
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 […]
Closing changes in North American equities: S&P 500 -0.1% Nasdaq Comp -0.4% DJIA +0.3% Russell 2000 +0.7% Toronto TSX Comp -0.3% On the week: S&P 500 +0.6% Nasdaq Comp +1.0% DJIA +0.6% US stocks had a strong start and liked the PCE report but the bombing in Beirut along with quarter-end flows added some caution. […]
(Reuters) – The U.S. Securities and Exchange Commission on Friday charged cryptocurrency trading platform Mango Markets with unregistered sales of its digital asset token, which the regulator identified as a security. The SEC also settled charges against Mango Labs and Blockworks Foundation for failing to register as brokers, the agency said. Jurors in federal court […]
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar fell on Friday after a reading of U.S. inflation signaled price pressures continue to ebb, while the yen strengthened against the greenback after Shigeru Ishiba, seen as an interest rate hawk, was set to become Japan’s next prime minister. The U.S. personal consumption expenditures (PCE) price index […]
The FT interviewed St Louis Fed President Alberto Musalem and he said that future cuts should come gradually but that if there’s further weakness, a faster pace could be appropriate. That’s hardly a departure from Powell. This article was written by Adam Button at www.forexlive.com. Source link
Iran’s supreme leader, Ayatollah Khamenei, is holding an emergency meeting of the Supreme National Security Council at his home compound, in response to Israel’s strike in Beirut that targeted the leader of Hezbollah, Hassan Nasrallah. The latest reports suggest Nasrallah was killed but there have been many conflicting reports for hours. The market seemingly isn’t […]
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 […]
