XStreet Same trading conditions, more profits. Only with FXStreet Cashback program. Access now for free! Close alert EUR/USD recovers ground on Greenback weakness NEWS | 09/24/2024 23:20:29 GMT | By Joshua Gibson EUR/USD found its footing on Tuesday, recovering the early week’s lost ground. Markets have tilted into a short-USD stance on rising hopes for more rate cuts. Wednesday sees a notable lull in economic data for both sides of the Fiber.

XStreet Same trading conditions, more profits. Only with FXStreet Cashback program. Access now for free! Close alert EUR/USD recovers ground on Greenback weakness NEWS | 09/24/2024 23:20:29 GMT | By Joshua Gibson EUR/USD found its footing on Tuesday, recovering the early week’s lost ground. Markets have tilted into a short-USD stance on rising hopes for more rate cuts. Wednesday sees a notable lull in economic data for both sides of the Fiber.

USD/CAD loses momentum around 1.3430 in Wednesday’s early Asian session. The CB’s Consumer Confidence Index came in at 98.7 in September vs. 105.6 prior. BoC’s Macklem said the timing and pace of rate cuts will be dependent on data.

USD/CAD loses momentum around 1.3430 in Wednesday’s early Asian session. The CB’s Consumer Confidence Index came in at 98.7 in September vs. 105.6 prior. BoC’s Macklem said the timing and pace of rate cuts will be dependent on data.

GBP/USD continues Pound rally on Greenback weakness. US consumer sentiment data shows US consumer still fear inflation. Markets have leaned into higher expectations of further outsized Fed cuts.

GBP/USD continues Pound rally on Greenback weakness. US consumer sentiment data shows US consumer still fear inflation. Markets have leaned into higher expectations of further outsized Fed cuts.

e trading conditions, more profits. Only with FXStreet Cashback program. Access now for free! Close alert Silver Price Forecast: XAG/USD skyrockets to a four-month peak above $32.00 NEWS | 09/24/2024 22:17:47 GMT | By Christian Borjon Valencia Silver jumps over 4%, hitting a four-month peak of $32.26. Bullish technical stance as RSI indicates continued upside potential for XAG/USD. Potential breakout above $32.26 could target the year-to-date high of $32.51, with further resistance at $33.00 and October 2012 peak of $35.40. Downside supports are at $32.00, followed by the September 20 high of $31.44, and additional support at $31.00.

e trading conditions, more profits. Only with FXStreet Cashback program. Access now for free! Close alert Silver Price Forecast: XAG/USD skyrockets to a four-month peak above $32.00 NEWS | 09/24/2024 22:17:47 GMT | By Christian Borjon Valencia Silver jumps over 4%, hitting a four-month peak of $32.26. Bullish technical stance as RSI indicates continued upside potential for XAG/USD. Potential breakout above $32.26 could target the year-to-date high of $32.51, with further resistance at $33.00 and October 2012 peak of $35.40. Downside supports are at $32.00, followed by the September 20 high of $31.44, and additional support at $31.00.

et Cashback program. Access now for free! Close alert NZD/USD Price Analysis: Sharp bullish momentum seen and pair claims to highs since December NEWS | 09/24/2024 22:10:18 GMT | By Patricio Martín The NZD/USD pair has risen sharply to trade at 0.6340, a 1% rise, suggesting strong buying pressure. The RSI and MACD indicators are both sharply rising, indicating increasing buying momentum. With the pair near 0.6350, it tallied its highest level since December.

et Cashback program. Access now for free! Close alert NZD/USD Price Analysis: Sharp bullish momentum seen and pair claims to highs since December NEWS | 09/24/2024 22:10:18 GMT | By Patricio Martín The NZD/USD pair has risen sharply to trade at 0.6340, a 1% rise, suggesting strong buying pressure. The RSI and MACD indicators are both sharply rising, indicating increasing buying momentum. With the pair near 0.6350, it tallied its highest level since December.

Visa sinks more than 5% on pending DOJ antitrust lawsuit Visa (V) seriously slumped on Tuesday afternoon after reports that the US Department of Justice (DOJ) was intent on bringing an antitrust case against the payments giant for allegedly holding an illegal monopoly over the US debit card...

Visa sinks more than 5% on pending DOJ antitrust lawsuit Visa (V) seriously slumped on Tuesday afternoon after reports that the US Department of Justice (DOJ) was intent on bringing an antitrust case against the payments giant for allegedly holding an illegal monopoly over the US debit card...

USD/JPY retreats after a two-week peak of 144.68, dragged down by declining US Treasury yields. Technical indicators maintain a bearish stance with the pair below the Ichimoku Cloud and 200-DMA, suggesting more declines. Key supports identified at the September 20 low of 141.73 and the September 16 low of 139.58. For a bullish reversal, USD/JPY must surpass the Kijun-Sen at 143.44, with further hurdles at 144.00 and the recent high of 144.68.

USD/JPY retreats after a two-week peak of 144.68, dragged down by declining US Treasury yields. Technical indicators maintain a bearish stance with the pair below the Ichimoku Cloud and 200-DMA, suggesting more declines. Key supports identified at the September 20 low of 141.73 and the September 16 low of 139.58. For a bullish reversal, USD/JPY must surpass the Kijun-Sen at 143.44, with further hurdles at 144.00 and the recent high of 144.68.

Australian Dollar reaches a three-month high of 0.6852 against the US Dollar on Tuesday. AUD/USD is supported by China's stimulus measures, a weaker USD, and positive global market sentiment. Reserve Bank of Australia (RBA) held rates steady and maintained its hawkish stance, further supporting the AUD.

Australian Dollar reaches a three-month high of 0.6852 against the US Dollar on Tuesday. AUD/USD is supported by China's stimulus measures, a weaker USD, and positive global market sentiment. Reserve Bank of Australia (RBA) held rates steady and maintained its hawkish stance, further supporting the AUD.

Gold hits a new ATH of $2,664 amid declining US Consumer Confidence and weakening US Dollar, XAU/USD trades at $2,651. Fed Governor Michelle Bowman signals a cautious approach to rate cuts. Geopolitical tensions in the Middle East also fuel safe-haven demand for Gold, driving the precious metal to new heights.

Gold hits a new ATH of $2,664 amid declining US Consumer Confidence and weakening US Dollar, XAU/USD trades at $2,651. Fed Governor Michelle Bowman signals a cautious approach to rate cuts. Geopolitical tensions in the Middle East also fuel safe-haven demand for Gold, driving the precious metal to new heights.

Gold closes 2024 with an impressive 27% annual gain, despite recent struggles near the lower band of its formation. In contrast, miners showed minimal gains throughout the year and suffered significant setbacks following Trump's election victory. Meanwhile, cryptocurrencies surged, overshadowing the performance of precious metal miners. This divergence raises questions about the applicability of the efficient market hypothesis to the mining sector, as it failed to capitalize on gold's strong performance. The year ends with a sharp contrast between gold's resilience and the underwhelming performance of its related equities.

Gold closes 2024 with an impressive 27% annual gain, despite recent struggles near the lower band of its formation. In contrast, miners showed minimal gains throughout the year and suffered significant setbacks following Trump's election victory. Meanwhile, cryptocurrencies surged, overshadowing the performance of precious metal miners. This divergence raises questions about the applicability of the efficient market hypothesis to the mining sector, as it failed to capitalize on gold's strong performance. The year ends with a sharp contrast between gold's resilience and the underwhelming performance of its related equities.

David Kostin of Goldman Sachs highlights a bullish outlook for cyclical stocks amid expectations of robust US economic growth in 2025. Key points include: 1. Above-Consensus Growth Expectations Goldman Sachs economists predict US economic growth in 2025 will surpass market consensus, supported by potential fiscal policy shifts. 2. Cyclicals Outperform Defensives Since Election Day, cyclicals (excluding commodities) have outperformed defensives by 5 percentage points, reflecting optimism in economic activity. 3. Growth Beyond Optimistic Projections Current performance of cyclicals aligns with real GDP growth projections significantly exceeding even Goldman’s optimistic forecasts. This signals strong investor confidence in economic resilience and cyclical sectors' potential.

David Kostin of Goldman Sachs highlights a bullish outlook for cyclical stocks amid expectations of robust US economic growth in 2025. Key points include: 1. Above-Consensus Growth Expectations Goldman Sachs economists predict US economic growth in 2025 will surpass market consensus, supported by potential fiscal policy shifts. 2. Cyclicals Outperform Defensives Since Election Day, cyclicals (excluding commodities) have outperformed defensives by 5 percentage points, reflecting optimism in economic activity. 3. Growth Beyond Optimistic Projections Current performance of cyclicals aligns with real GDP growth projections significantly exceeding even Goldman’s optimistic forecasts. This signals strong investor confidence in economic resilience and cyclical sectors' potential.

Survey Insights Apollo's Slok highlights the latest CFO survey by Duke University and the Federal Reserve Banks of Richmond and Atlanta, showing increased optimism about the economy and their own companies. Key Findings - Own-Firm Optimism**: Increased by two points this quarter, reaching 71.2. - U.S. Economy Optimism**: Increased by five points, reaching 65.9. Notable Trend Much of the optimism rise occurred after the election results were announced.

Survey Insights Apollo's Slok highlights the latest CFO survey by Duke University and the Federal Reserve Banks of Richmond and Atlanta, showing increased optimism about the economy and their own companies. Key Findings - Own-Firm Optimism**: Increased by two points this quarter, reaching 71.2. - U.S. Economy Optimism**: Increased by five points, reaching 65.9. Notable Trend Much of the optimism rise occurred after the election results were announced.

EAconomy has really change my life for good, I have never been this confident while trading, I now trade with ease and peace of mind , also rest assured that my money and trades are safe

EAconomy has really change my life for good, I have never been this confident while trading, I now trade with ease and peace of mind , also rest assured that my money and trades are safe

* Financial Trading. * Candlestick Trading. *Technical Analysis (finance) * Swing Trading. * Investing. * Options Trading. * MetaTrader 5. * Futures Trading.

* Financial Trading. * Candlestick Trading. *Technical Analysis (finance) * Swing Trading. * Investing. * Options Trading. * MetaTrader 5. * Futures Trading.

Forex trading: where every day can feel like Christmas, with opportunities to profit from global markets!" "Give yourself the gift of financial freedom this Christmas with Forex trading." "Forex trading: the one gift that keeps on giving, all year round."

Forex trading: where every day can feel like Christmas, with opportunities to profit from global markets!" "Give yourself the gift of financial freedom this Christmas with Forex trading." "Forex trading: the one gift that keeps on giving, all year round."

The Greenback shed weight across the board after market participants stepped up bets of an additional 50 bps jumbo rate cut from the Fed in November. Markets have quickly absorbed the Fed’s first rate cut in four years, and are pivoting into hopes for more.

The Greenback shed weight across the board after market participants stepped up bets of an additional 50 bps jumbo rate cut from the Fed in November. Markets have quickly absorbed the Fed’s first rate cut in four years, and are pivoting into hopes for more.

Mean reversion is based on the statistical concept that prices fluctuate around a mean or average value. Temporary deviations from this mean present trading opportunities. Key Characteristics: Effective in range-bound markets. Requires tools to identify deviations from the mean. Relies on the assumption of price normalization over time.

Mean reversion is based on the statistical concept that prices fluctuate around a mean or average value. Temporary deviations from this mean present trading opportunities. Key Characteristics: Effective in range-bound markets. Requires tools to identify deviations from the mean. Relies on the assumption of price normalization over time.

Mean reversion strategies focus on the idea that prices tend to revert to their historical averages over time. Traders identify overbought or oversold conditions and position themselves to profit when prices return to the mean.

Mean reversion strategies focus on the idea that prices tend to revert to their historical averages over time. Traders identify overbought or oversold conditions and position themselves to profit when prices return to the mean.

The Canadian Dollar gained ground on Tuesday as markets pivot out of Greenback. Bank of Canada Governor Macklem reaffirmed BoC’s stance. Markets are churning on rising Fed rate cut expectations.

The Canadian Dollar gained ground on Tuesday as markets pivot out of Greenback. Bank of Canada Governor Macklem reaffirmed BoC’s stance. Markets are churning on rising Fed rate cut expectations.

1. Start Small Begin with low-risk trades to understand the mechanics of carry trading. 2. Focus on Fundamentals Choose currencies from stable economies with reliable interest rates. 3. Track Performance Regularly evaluate trades to ensure they remain profitable. 4. Adapt to Market Conditions Be prepared to close trades if market dynamics shift unfavorably.

1. Start Small Begin with low-risk trades to understand the mechanics of carry trading. 2. Focus on Fundamentals Choose currencies from stable economies with reliable interest rates. 3. Track Performance Regularly evaluate trades to ensure they remain profitable. 4. Adapt to Market Conditions Be prepared to close trades if market dynamics shift unfavorably.