Gold recovers after the steep sell-off on the previous day amid rising safe-haven flows. Hopes of a ceasefire in the Middle East were dashed after Hezbollah launched a rocket attack, killing seven people in northern Israel. Gold could be impacted by the release of US Nonfarm Payrolls data on Friday as it could change the […]
Trend-following strategies are effective tools for identifying and tracking price movements in the market. This article examines the MACD strategy and moving averages, highlighting key points on risk management and setting stop-loss orders. By leveraging these approaches, traders can make better decisions and enhance their performance. Overview of Trend-Following Strategies Trend-following approaches employ a methodical […]
By Fergal Smith TORONTO (Reuters) – The Canadian dollar is expected to rally against its U.S. counterpart in the coming year as lower borrowing costs boost the domestic economy but the result of the U.S. presidential election could unsettle the outlook, a Reuters poll found. According to the median forecast of 40 foreign exchange analysts […]
Investing.com – The U.S. dollar edged higher Friday, continuing October’s strength, ahead of the release of the widely-watched payrolls report. At 05:35 ET (09:35 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.1% to 104.025, after gains of well over 2% last month. Dollar awaits payrolls release […]
BoJ should not raise interest rates for at least half a year. Necessary to eventually normalise monetary policy. Monetary policy should not be used to manipulate currency rates. Effects of currency interventions only have short-term effects. These are just token remarks and they are not important for the market even though he’s right on everything. […]
ASX: MACQUARIE GROUP LIMITED – MQG Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart). Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with MACQUARIE GROUP LIMITED – MQG. We see MQG.ASX still having a push lower, and preparing for a future 5-grey wave rally. ASX: Macquarie Group Limited – MQG 1D chart (Semilog scale) analysis […]
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 […]
Gold price trades in positive territory in Friday’s Asian session. US election uncertainty and geopolitical risks underpin the Gold price, but renewed USD might cap its upside. The US October Nonfarm Payrolls data will take center stage on Friday. The Gold price (XAU/USD) recovers some lost ground on Friday. The uncertainties surrounding the US presidential […]
By Sarupya Ganguly BENGALURU (Reuters) – The U.S. dollar will hold on to its recent strength over coming months on robust domestic economic data and continued scaling back of bets for Federal Reserve interest rate cuts, a Reuters poll found. Some analysts have attributed the dollar’s 4% October rally to speculation about the likely result […]
