The US Dollar off the lows for this Friday with markets nervous on France’s budget talks possibly toppling the government. Monday’s opening might get choppy if French Prime Minister Michel Barnier is unable to secure a deal with the far-right National Rally party. The US Dollar Index is back above 106.00 and is looking for…
GBP/USD Price Forecast: Clings to daily gains below 1.2700 The Pound Sterling clings to earlier gains yet trades off the weekly highs, which reached around 1.2749 during the European session. At the time of writing, the GBP/USD trades at 1.2684, virtually unchanged. Read More… Pound Sterling gives up gains against USD as 20-day EMA limits upside…
Market Analysis: GBPJPY is Poised to Extend its Bearish Trend GBPJPY has experienced a significant bearish shift in market structure, confirmed by a decisive break in late July 2024. This movement featured a sharp bearish candlestick driven by strong selling pressure and minimal retracement. The decline found temporary support at the 182.960 demand zone, prompting…
Investing.com — Bank of America have released an estimate of month-end FX rebalancing flows, warning a significant outflow from the USD into the EUR and EM currencies, driven by strong equity performance and weak bond returns in November. U.S. equities, which hold the largest share in global portfolios, gained 6% this month, while European stocks fell…
Dow Jones – 29.11.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
Gold – 29.11.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
Crude Oil – 29.11.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
USD/JPY – 29.11.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
GBP/USD – 29.11.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
By RoboForex Analytical Department Gold prices have risen for four consecutive days, reaching 2,660 USD per troy ounce by Friday. The upward movement in Gold prices is primarily driven by the weakening of the US dollar and heightened geopolitical tensions. The current state of the currency market, characterised by low liquidity due to the extended…