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
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Oil rose above $80 Monday on Middle East tensions while equities slid in New York as political and interest rate concerns dented the recent rally. Brent North Sea crude, the international benchmark oil contract, went above $80 per barrel for the first time since late August. Oil futures have experienced recent volatility, with Brent slumping
Risk sentiment is a little bit subdued as US futures trade in the red ahead of North American session. Yen is recovering broadly, partly supported by Japan’s renewed verbal intervention efforts, with traders closely monitoring the possibility of action if USD/JPY breaches 150 psychological level. Swiss Franc and Dollar are also on the firmer side.
USD/CAD gathers strength to around 1.3620 in Tuesday’s early Asian session. The upbeat job data prompted traders to scale back bets on further jumbo Fed rate reductions. Higher crude oil prices might cap the downside for the Loonie. The USD/CAD pair extends the rally to near 1.3620 during the early Asian session on Tuesday. Strong
Fundamental Overview Crude oil rallied strongly last week following the tensions in the Middle East between Israel and Iran. We also got some key technical breakouts that increased the bullish momentum. Last Friday, we also got a strong US NFP report which cast aside recessionary fears and strengthened the case for a future pick up
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 prices appreciated by Rs 250 to hit a fresh all-time high of Rs 78,700 per 10 grams on Monday on account of consistent buying support from jewellers and firm trends in the overseas markets. The precious metal had settled at Rs 78,450 per 10 grams in the previous close on Friday. However, silver declined
Japan’s verbal intervention re-entered the spotlight today as USD/JPY briefly surged above the 149 mark amid a quiet Asian session. Yen continues to face pressure from the strong rebound in Dollar, driven by traders abandoning bets on of a 50bps Fed rate cut in November. Additionally, rising US and European yields exacerbated Yen weakness. Japanese
GBP/USD Forecast: Pound Sterling needs to reclaim 1.3100 to discourage bears GBP/USD registered large losses in the previous week despite holding its ground on Friday. The pair struggles to gain traction at the beginning of the new week and trades below 1.3100. GBP/USD declined sharply on Thursday, pressured by dovish comments from Bank of England
The RBNZ will meet next week and expectations are a 50 basis point cut (they meet on Wednesday in NZ). The fall today and the price below a swing area between 0.6167 and 0.61796. That area will now be close resistance. On the downside the 100 day moving average comes in at 0.6121. The 50%
Crude Oil Price Forecast: Navigating the Next Moves 🛢️📈 Hello traders and investors! This is Itai Levitan, an experienced market analyst at ForexLive.com, tracking crude oil for you today as well as what I am looking at. Let’s dive into the insights you need to make informed trading decisions. 🌊 Recent Rally Highlights 🚀 Strong
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
UPCOMING EVENTS: Monday: Eurozone Retail Sales. (China on holiday) Tuesday: Japan Average Cash Earnings, RBA Meeting Minutes, US NFIB Small Business Optimism Index. Wednesday: RBNZ Policy Decision, FOMC Meeting Minutes. Thursday: Japan PPI, ECB Meeting Minutes, US CPI, US Jobless Claims, New Zealand Manufacturing PMI. Friday: UK GDP, Canada Labour Market report, US PPI, US
Oil prices rose on Thursday on investor concern that a widening Middle East conflict could disrupt crude oil flows from the region, though a stronger global supply outlook kept a lid on gains. Brent crude futures were up $1.41, or 1.91%, at $75.31 a barrel by 1050 GMT. U.S. West Texas Intermediate crude futures rose
Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in crude flows against an amply-supplied global market. Brent crude futures were up 9 cents, or 0.12%, to $77.71 a barrel as of 0010 GMT. U.S.
Global markets are showing mixed performance as sentiment diverges across regions. In the US, stocks closed lower with traders displaying increased caution. ISM manufacturing report indicated continuation of the prolonged recession in the sector, though without any sharp deterioration. Attention is now focused on upcoming key economic data, including tomorrow’s ISM services report and Friday’s
The financial markets gained much-needed clarity last week as strong US employment data aligned market expectations with Fed’s own monetary policy outlook. The possibility of a 50bps rate cut in November has now vanished, with traders anticipating two more standard 25bps cuts this year, matching Fed’s dot plot. This development boosted Dollar, which ended the
The U.S. economy added far more jobs than expected in September, pointing to a vital employment picture as the unemployment rate edged lower, the Labor Department reported Friday. Nonfarm payrolls surged by 254,000 for the month, up from a revised 159,000 in August and better than the 150,000 Dow Jones consensus forecast. The unemployment rate
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