Month: December 2024

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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Dollar and Yen saw modest recoveries in Asian session, driven by the cautious tone in financial markets as traders positioned themselves ahead of a crucial week for economic data and central bank announcements. Risk sentiment was subdued, with equities weakening on concerns over weaker inflation data from China. Adding to the caution, Fitch Ratings downgraded
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The price of crude oil is settling at $68.37. That is up $1.17 or 1.7%. The high price reached $68.85. The low price was at $67.07. Looking at the hourly chart, the high price today was able to breach the near-converged 100 and 200-hour moving averages at $68.63. However, the price could not sustain momentum
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Commodity currencies found significant support today after China pledged to intensify its economic stimulus efforts, aiming to secure next year’s growth targets. Australian Dollar led the charge, followed by New Zealand Dollar and Canadian Dollar, as risk-sensitive assets reacted positively to the news. Meanwhile, Hong Kong’s HSI surged, reflecting optimism in the region, though gains
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U.S. President-elect Donald Trump holds an award during the FOX Nation’s Patriot Awards at the Tilles Center on December 05, 2024 in Greenvale, New York. Michael M. Santiago | Getty Images Optimism about household finances hit a multiyear high following Donald Trump’s presidential election victory in November, according to a New York Federal Reserve survey
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This is an interesting piece from Finance Magnates (good buddies of ForexLive!), it examines FX Market Reactions to Key Economic Events: focus on Federal Reserve meetings, NFP releases, and CPI announcements using high-frequency data to analyze millisecond-level price changes The report highlights the speed of price movements. It shows that 60% of price changes within
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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
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