USD/CAD softens below 1.3850 as traders brace for US election results

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USD/CAD edges lower to around 1.3825 in Wednesday’s early Asian session.  Election-related uncertainty weighs on the USD.  Higher crude oil prices might support the Loonie for the time being.  The USD/CAD pair weakens to near 1.3825 during the early Asian session on Wednesday. The US Dollar (USD) remains under some selling pressure amidst heightened expectations […]

Brazil looks at curbing health, education spending in fiscal package, sources say By Reuters

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By Marcela Ayres and Lisandra Paraguassu BRASILIA (Reuters) – Brazil’s government is preparing measures to curb spending that would put health and education expenditures under a general cap that already applies to other outlays, two officials familiar with the matter said on Tuesday. The measures, which have not been finalized, are aimed at easing fiscal […]

Markets in election grip: Dow, S&P fall, Nvidia climbs steadily

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U.S. Stock Market Wrap-Up: Election Anticipation and Investor Anxiety U.S. stocks ended slightly down on Monday after a volatile trading session, with investors bracing for a decisive week as the nation prepares to choose its next president and the Federal Reserve gets set to release a key policy statement. Final Push: Trump vs. Harris In […]

All Candlestick Patterns – Meaning and Effects

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Candlestick Patterns are essential tools that help investors identify trends and reversal points in financial markets. From basic patterns like the Doji to more complex ones like the Engulfing and Three Line Strike, each pattern provides specific signals regarding price movements. Understanding and correctly applying candlestick patterns not only enhances analytical skills but also increases […]

BOC Meeting minutes: BOC felt upside pressure on inflation will continue to decline | Forexlive

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The Bank of Canada meeting minutes for the October 2024 meeting. The BOC cut rates by 50 basis points at the October 23 meeting: Ahead of Bank of Canada’s October 23 rate announcement, governing council felt upside pressures on inflation will continue to decline, so policy did not need to be as restrictive. Governing council […]

United States 10-Year Note Auction increased to 4.347% from previous 4.066%

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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any […]

Why you should open a Cents Account

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Exploring Cent Accounts in Forex Trading: Advantages, Risks, and Strategic Applications In the world of Forex trading, cent accounts have become a popular choice, especially for those new to trading or those looking to test strategies without substantial capital. But what exactly are cent accounts, and how can traders maximize their potential? This article dives […]

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Mastering the Market with the Bollinger Bands Trend Following Strategy!

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This article examines the Bollinger Bands trend following strategy as a key tool for traders to assess market volatility and price trends. The Bollinger Bands trend following strategy covers its basic principles, ideal time frames, complementary indicators, and inherent limitations. Additionally, this article highlights the importance of using the Bollinger Bands trend following strategy alongside […]

US September trade balance -84.4 billion vs -84.1 billion | Forexlive

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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 […]

Dollar slips as FX traders gird for US election outcome By Reuters

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By Amanda Cooper LONDON (Reuters) -The dollar eased on Tuesday as traders squared positions ahead of what is expected to be a close U.S. presidential election, while options volatility soared after recent polls dented some market bets on a victory for Republican Donald Trump. Democrat Kamala Harris has also experienced improving odds on election gambling […]

Mexican Peso traders brace for US presidential election result

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The Mexican Peso trades little changed as traders await news of the US presidential election.  The winner could have a significant impact on the Peso in the days to come. Technically, USD/MXN continues to trade below the opening chart gap it formed when it broke lower on Monday.   The Mexican Peso (MXN) fluctuates between tepid […]