Forex

Forex

Mastercard and BCP Group Partner on Cross-Border Payment Solutions in Africa
BySilas W November 29, 2024

Mastercard and the BCP Group, a Moroccan banking group, have partnered to improve cross-border payment solutions. This collaboration seeks to improve transaction efficiency while strengthening economic growth in the region. Improving Cross-Border Payments According to the official statement, the partnership combines Mastercard’s expertise in payment technology with BCP Group’s regional presence across African markets. Based…

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Forex

Canada’s Q3 GDP growth slows to 0.3%, per capita output declines for sixth straight quarter – Action Forex
BySilas W November 29, 2024

Canada’s economy expanded by 0.3% qoq in Q3, down from 0.5% qoq growth recorded in Q1 and Q2. Household and government spending provided support to overall GDP, but their contributions were offset by slower non-farm inventory accumulation, reduced business capital investment, and a decline in exports. On a per capita basis, GDP contracted by -0.4%…

Read More Canada’s Q3 GDP growth slows to 0.3%, per capita output declines for sixth straight quarter – Action Forex
Forex

Week Ahead – Traders Lock Gaze on NFP after Thanksgiving Holiday – Action Forex
BySilas W November 29, 2024

Will the NFP data corroborate bets of a Fed pause? Loonie traders await employment numbers as well Australia’s GDP to verify whether bets of May RBA cut are realistic Euro could take directions from ECB President Lagarde NFP and ISM PMIs to shape Fed expectations The US dollar took a breather this week, pulling back…

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Forex

Weekly Focus – Political Risks Rise Again in France – Action Forex
BySilas W November 29, 2024

Geopolitics and political events dominated the agenda this week. On Monday evening, president-elect Donald Trump announced 25% tariffs on imported goods from Canada and Mexico, and an additional 10% tariff on China. This would bring the total China tariff to 35%. Mexico has already threatened to retaliate while Canadian Prime Minister Justin Trudeau said he was…

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Forex

Markets overview. Muted Trading Over Thanksgiving – ForexNews.PRO
BySilas W November 29, 2024

USDWith the US out for Thanksgiving yesterday, dollar trading conditions were naturally muted. A similar story is likely to be true today as well, with many in the US taking an extended weekend vacation. Even so, we think dollar risks are skewed to the downside to end this week, with portfolio rebalancing likely to result…

Read More Markets overview. Muted Trading Over Thanksgiving – ForexNews.PRO
Forex

3 Tips for Developing Good “Atomic Habits” in Trading
BySilas W November 29, 2024

If you’re a fan of self-improvement books like I am, then I’m sure you’ve heard of the book “Atomic Habits” by James Clear. In case you haven’t or if you’re not sure how it all applies to trading, I’ve rounded up some helpful nuggets that you can put into practice. You see, the book is…

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Forex

XAUUSD: Elliott wave analysis and forecast for 29.11.24 – 06.12.24 | LiteFinance
BySilas W November 29, 2024

2024.11.29 2024.11.29 XAUUSD: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 2792.90 with a target of 2418.82 – 2304.21. A sell signal: the price holds below 2792.90. Stop Loss: above 2800, Take Profit:…

Read More XAUUSD: Elliott wave analysis and forecast for 29.11.24 – 06.12.24 | LiteFinance
Forex

USD/JPY Technical: Potential Start of a Medium-Term Corrective Decline – Action Forex
BySilas W November 29, 2024

Yen strength continued to persist reinforced by an uptick seen in the leading Tokyo’s core-core inflation rate as it rose to 1.9% y/y in November. Japan’s overnight swap rates have indicated an increase in odds that BoJ may hike its short-term policy interest rate again in the upcoming 18-19 December meeting. Watch the 149.30 intermediate…

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Forex

Weekly Summary And Review 29th November 2024
BySilas W November 29, 2024

Traders Workshop – For Real Success – You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of November 29th 2024 is here. It is now time to recap and summarize the trade setups that we had during this…

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Forex

Euro shrugs after eurozone inflation rises – MarketPulse
BySilas W November 29, 2024

The euro is showing little movement on Friday. In the European session, EUR/USD is trading at 1.0564, up 0.09%. There are no US events today and US markets will close early for the Thanksgiving holiday weekend. Eurozone inflation jumps to 2.3% Today’s eurozone inflation report was a reminder that inflation may be largely contained but…

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