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Forex Indicator

Xmaster-Oscillator Indicator

The Xmaster-Oscillator is a custom technical analysis indicator commonly used in MetaTrader 4 (MT4) to help traders identify market trends and potential entry/exit points. This oscillator is often favored for its ability to detect shifts in momentum, providing signals for both trend-following and counter-trend trading strategies. Key Features of the Xmaster-Oscillator Indicator: How to Use the Xmaster-Oscillator Indicator: . . How to Install the Xmaster-Oscillator Indicator in MT4: Conclusion: The Xmaster-Oscillator is a powerful tool for traders who want to identify momentum shifts, trend reversals, and optimal entry/exit points. By interpreting the oscillator’s movements relative to the zero line, price action, and any divergences, you can gain valuable insights into market behavior. Whether you’re a trend follower or counter-trend trader, this oscillator can be a useful addition to your trading strategy, especially when combined with other indicators or chart patterns.

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Currencies Forex News News Real Time News

NZDUSD Price Forecast: Bearish Bias Remains Intact Stagnating Below 0.5900

NZDUSD Price Forecast: Bearish Bias Remains Intact Stagnating Below 0.5900 The New Zealand Dollar (NZD) against the US Dollar (USD) on Wednesday faces mounting downward pressure as it breaks its three-day winning streak and traded to around the 0.5890 level in the European session Wednesday. The NZD/USD pair sits in a descending channel, with further bearish bias looking possible unless strong reversal is seen. Pair shows weakness, especially below key 0.5900, and short-term momentum remains bearish. Bearish Momentum: NZD/USD in a Descending Channel From the daily NZD/USD chart, a bearish outlook seems to be of concern for the bullish traders because the chart seems to be moving in a downward trend within a well-defined descending channel. A bearish sentiment usually prevails when the market is entering a kind of downtrend, as the pair cannot keep its course upwards but falls backwards. In the case of NZD/USD, this kind of pattern grows clearer because, day by day, it remains trading below both nine-day and 14-day EMAs. Currently, the nine-day EMA sits below the 14-day EMA, which is an important short-term indicator of price momentum and displays persistent weakness in the market. This means that bearish control is most likely to continue until a strong catalyst forces a directional shift in sentiment. The Relative Strength Index (RSI) – the measure of the speed and change of price movements – is also sitting below the neutral 50 level. When the RSI is constantly under 50, it usually means the market tends to have a bearish look, which commensurate with current trends for NZD/USD. Resistance Levels: Immediate Hurdles for NZD/USD Resistance levels for NZD/USD, however, are found in the immediate upside. The first level of key resistance is currently sitting at 0.5907, at the nine-day EMA. This represents the zone that sellers will be keenly watching for as a potential turning point. A break back above the nine-day EMA would be a marked shift in sentiment, though as of now, the pair sits below this resistance, which continues to support the bearish view. Above the nine-day EMA, the next level of resistance is at the 14-day EMA, which stands at 0.5926. This is a more important resistance level since it coincides with the upper boundary of the descending channel. From the breakout above the 14-day EMA and the upper boundary of the channel, the bearish momentum could be weakening, allowing the pair to further advance toward higher levels, even reaching the psychological level 0.6000. Given the current bearish momentum, however, such a breakout seems less likely over the short run unless something fundamental in market sentiment were to shift. NZD/USD Daily Price Chart Source: TradingView, prepared by Richard Miles Levels of Support : 0.5850 and the Lower Boundary of the Channel On the downside, the NZD/USD pair is facing potential support around the 0.5850 level, which represents a psychological level for the pair. If the price continues to slide lower, this support zone will be critical in determining whether the bearish trend will extend further. If the price breaks below 0.5850, the next level of support is likely to be the lower boundary of the descending channel, which is found around the 0.5930 region. The zone is of high importance situated around 0.5850 as it is a throwback support zone – a term used to describe a price zone where the market had previously shown support or resistance. If the NZD/USD pair can remain above the 0.5850 zone, it might be a good place for a reversal or at least a consolidation. On the other hand, if the price breaks decisively below that level, it would endorse the bearish view and push the pair down even further. Downside Risk: Testing the Two-Year Low at 0.5772 If the NZD/USD fails to maintain strength above 0.5850 and breaks below the lower boundary of its falling channel, critical support will be found at the two-year low at 0.5772. It reached the level last in November 2023, and this will be a signal for another decline in the value of the Kiwi versus the US Dollar, should the pair continue to the mentioned level. Such a move towards this level would squeeze the bearish sentiment and thus attract more selling pressure with further declines. Traders will be keenly watching how the price reacts to the lower boundary of the channel and the 0.5850 support. A break below these levels could potentially accelerate the decline and bring the pair closer to the two-year low of 0.5772. On the other hand, a failure to break below these levels might indicate a temporary consolidation, but the overall market sentiment would remain cautious and bearish. What Could Reverse the Bearish Trend? While the current outlook for NZD/USD remains bearish, it’s essential to consider potential catalysts that could reverse the trend. For instance, if there were a significant shift in market sentiment towards riskier assets or a sudden change in global economic conditions, it could provide support for the New Zealand Dollar. Positive economic data from New Zealand or a change in the US Federal Reserve’s policy stance could also impact the NZD/USD pair. Furthermore, if the pair breaks above the nine-day and 14-day EMAs, it could signal that the bears are losing control, allowing for a move higher. This scenario however, looks unlikely to come to pass without a significant fundamental trigger, as the current market sentiment is on further weakness for the Kiwi. What to Expect for NZD/USD Short-term view: The outlook for NZD/USD remains bearish, but the price was unable to stay above the key level of 0.5900. The pattern of the descending channel suggests further downside, with the support areas around 0.5850 and the lower boundary of the channel being areas to watch. A break below these levels would further solidify a strong bearish case, with a view toward reaching the two-year low of 0.5772. On the positive side, two important barriers that one needs to watch are resistance levels at the nine-day EMA (0.5907) and at the

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Commodities Commodity News Gold Gold News News Real Time News

Gold Prices Retreat Amid US Dollar Strength and Geopolitical Tensions

Gold Prices Retreat Amid US Dollar Strength and Geopolitical Tensions. In this article, Gold prices retreat as the US dollar heads back to a high record. Prices have tumbled recently due to Geopolitical interest. Gold price today. During the Asian trading session, gold prices fell back from their one-and-a-half-week high. Gold (XAU/USD) price currently at the $2,635-$2,636 area is still paving higher for three days. Gold continues to be supported despite its recent pullback due to a number of factors, including the ongoing geopolitical tensions in Russia and Ukraine which floods haven flows into the metal. However gold has been limited gain due to higher US bond yields and stronger US dollar, which deterred investments in non-yielding assets like gold. Gold Supported by Geopolitical Tensions Support for gold prices Still coming from the Russia-Ukraine conflict Gold also remains a safe haven for investors amid geopolitical tensions. In the last few days, that has turned towards an escalation in tensions which is only serving to add fuel to a fire already lit around gold. Tuesday amended Russia’s nuclear doctrine — hinting at circumstances in which nuclear weapons might be used — into its own country, a day after Russian President Vladimir Putin signed a similar decree. This step heightened concerns over a wider conflict, which in turn drove investors to seek safe-haven gold. At the same time, Ukraine — backed by the U.S. — began launching American-made ATACMS missiles at Russian military infrastructure inside Russia. These developments deepen fears of a spillover in the conflict, entrenching gold demand as a geopolitical risk hedge. Although fears of nuclear escalation are growing, there are also indications of moderation. But Russian Foreign Minister Sergei Lavrov said Russia “will do everything to prevent escalation of the conflict, including nuclear,” and the White House responded by saying it would not change its nuclear posture. However, the market remains skittish and these fears continue to look as a tailwind for gold prices in supporting them safe-haven from any potential fallout from the war. XAU/USD Daily Price Chart Source: TradingView, prepared by Richard Miles Rising $US Dollar Limiting the Upside for Gold So, Gold is Supported by geopolitical tensions but with higher US Bond yields and a Week-to-Date Rebound In The US Dollar, which Has Limited Gold Upside. US Treasury yields bounced back after a minor decline, offering fresh bullish momentum for the greenback. Meanwhile, the strength of the US dollar makes gold pricier for holders of other currencies, which can curb demand for the metal as an investment. Also, the stronger US dollar occurs while economic activities in the US are anticipated to continue improving assisted by its president-elect Donald Trump’s impending policies. Trump has a history of promising economic stimulation through deep, windfall tax cuts and heavy tariffs that will add to inflationary pressures. That, in turn, could curb the Federal Reserve’s ability to lower interest rates since higher inflation generally requires tighter monetary policy. US Treasury Yields | Expectation of Rate Cuts Another major driver of gold prices is the interest rate policies of the US Federal Reserve. Speculation about elevated US bond yields and that the Fed may not be so keen to lower interest rates in the near term has been propping up dollars helping gold upside limited. Today, markets are pricing in less than a 60% chance of a 25 basis point rate cut by the Fed at its upcoming meeting on monetary policy for December. Fed officials have been vocal enough about rising fiscal deficits and the potential for inflationary pressures, which could keep the central bank from aggressively cutting rates. Kansas City Federal Reserve President Jeffrey Schmid recently commented that huge fiscal deficits would not necessarily send the prices soaring because the Fed would intervene to prevent this. However, Such an approach might hike interest rates and make gold less desirable as a non-yielding asset. From this perspective, one would be closely monitoring the comments by influential speakers at the Federal Reserve over the next few days as further clues on the path the central bank is going to take emerge. These may indicate whether the Fed plans to cut rates soon or pursue a more hawkish policy, which would continue to gain the US dollar and cap the upside in gold. Technical Analysis: Gold’s Price Action and Key Levels Technically speaking, gold’s recovery from a two-month low is worth noting. The price has successfully crossed above the 38.2% Fibonacci retracement level of the recent sharp decline from its all-time top and, therefore, such movement is positive for a bullish kind of trader. Bullish momentum on the hourly charts, therefore, suggests that gold may continue in the short term, although the next major resistance zone is seen at around $2,658-$2,660. If gold manages to penetrate above this level, it could then push to the $2,670-$2,672 range and, after that, the $2,700 level. On the negative side, the key support area for gold is close to $2,620-$2,622, which has held thus far. A break below this will be a concern, and gold prices may continue lower until $2,600. The next sets of support lie around the 100-day Simple Moving Average (SMA) at roughly $2,555. If that gives way too, then gold may become a victim of a deeper correction as it potentially reaches last week’s swing low near $2,536. Market Sentiment and the Way Forward for Gold Going forward, market sentiment is a bit cautious, as investors balance competing influences of geopolitical risk vs US economic policies. Despite the fears of an expanding Russia-Ukraine conflict that has supported prices, prices of gold are capped by a stronger US dollar and rising bond yields. Several speeches by members of the Federal Reserve, to be delivered in the coming week, shall most probably determine market expectations on US interest rates and, therefore, a new path for gold. While the short-term gold outlook is somewhat clouded, its safe-haven status should continue to lend support, especially if Eastern European geopolitics become more heated. However,

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Forex Indicator

Moving Average Ribbon Indicator

The Moving Average Ribbon Indicator is one of the most popular technical analysis tools for MetaTrader 4 (MT4) traders, which helps assess the market’s trends and strength visually by combining multiple moving averages. This effect is created on the chart as several plots of the moving averages with different periods, where the distance between them shows the strength and momentum of the market. Key Features of the Moving Average Ribbon Indicator: Using the Moving Average Ribbon Indicator: . . Installing the Moving Average Ribbon Indicator on MT4: Conclusion: The Moving Average Ribbon indicator will be very helpful for a trader who wishes to visualize market trends clearly and, in particular, to define entry/exit points. Monitoring the distance and color of the ribbon and the appearance of the buy/sell arrows can serve as guidance about market momentum and trading decisions. Being effective in any time frame, short or long, this Moving Average Ribbon Indicator can become part of a really useful trading toolbox.

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Forex Indicator

Prodigy Day Trading Indicator Free Download

The Prodigy Day Trading Indicator for MT4 sounds convenient for traders interested in catching on to a trend reversal or spotting a pullback. Here’s a quick rundown of how this indicator works, based on your description: Key Features: How It Can Help Traders: How to Download the Indicator for Free If you are looking here to download it for free, Generally, you’ll download the .ex4 file and keep it in your Indicators folder in the MT4 so it can be installed. Below is the download link, just fill in your basic details and we will send you a download link to your email inbox, If your email is not in your Inbox, Check Your Spam or Junk Folder for this Download. For the next email in the inbox, mark it as “Not Spam”. . . Apparently, you are geared up to install the Prodigy Day Trading Indicator in your MT4. Given below are the step-by-step installation procedures to ensure that you install it correctly. Installation Steps of Prodigy Day Trading Indicator Adding the Indicator to a Chart: After having restarted MT4: You should now see a chart that displays both the blue and magenta trend lines with green, red, and golden arrows that indicate potential entries and exits based on the market conditions. If you need any further assistance with customization or have some problems, feel free to ask! Buying Signal When It Develops:Blue Line (Upswing) + Green Up ArrowThe blue line means the market is trending up, but the green arrow indicates it has briefly pulled back; this would be an excellent time to buy .What It SaysThere’s an uptrend, but the price has gone back down for a brief period of time; the green arrow signals the pullback, and now is likely a low-risk opportunity to enter on a continuation upAction:Buy SignalOpen a buy position if you observe both the blue line and the green up arrow. This gives the signal that the trend is strong, and a pullback is a good entry. Sell Signal When it is TriggeredMagenta Line (Down Trend) + Red Down ArrowThe magenta line shows an upward trend in the market, and the red down arrow reflects a pullback in that downtrend.What it signifiesThe market is in a downtrend, but experiencing a temporary pullback (as marked by the red arrow). At this stage, the market will resume a fall when the pullback is completed.Action:Place a sell position once the magenta line and the red down arrow show on the chart. This is a signal that the market will likely resume its downtrend after the pullback. Minor Pullback Signal When it Happens:Dark Golden Arrows (no matter what the trend line color is)What It Signifies:The dark golden arrows mean that a small pullback exists in the current trend. The pullbacks are relatively small compared to the main ones and may occur during an uptrend (blue line) and a downtrend as well (magenta line).Action:Use these signals for a short, quick trade. These minor pull backs provide scalping or short-term trading opportunities since even in a trending market it gives the entry point. Conclusion on the Prodigy Day Trading Indicator The Prodigy Day Trading Indicator for MT4 is a remarkable indicator identifying major and minor market movements. It clearly provides the buy and sell signals in order that one can interpret them very well to make decisions when entering or exiting a trade confidently. Major Pullbacks (Green & Red Arrows): Signal strong trends reversals, which are just fine for traders looking to capitalize on bigger market moves.Minor Pullbacks (Dark Golden Arrows): Opportunities for traders seeking to capitalize on smaller corrections of both uptrends and downtrends.That is, regardless of your preference for hitting short-term moves or catching larger trend reversals, this indicator can guide you in knowing the right time for action. It presents a simplified decision-making process, especially for those traders who require clear and actionable signals without over-layered data.

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Bitcoin Crypto Crypto News News Real Time News

Can Cryptocurrency Save the U.S. from a Debt Crisis? The Role of Stablecoins and Bitcoin

Can Cryptocurrency Save the U.S. from a Debt Crisis? The Role of Stablecoins and Bitcoin The United States’ debt situation is rapidly becoming precarious, with the national debt now rising past an incredible $35 trillion. Former House Speaker Paul Ryan recently indicated that perhaps cryptocurrency would be able to save the U.S. from a potential debt crisis, citing stablecoins and Bitcoin specifically as solutions. As the reserve status of the dollar starts bearing down, will these virtual currencies start to keep the burden of the monetary cost of the country in check? And will Bitcoin continue its meteoric rise past $150,000? Debt Crisis in the US: A Growing Problem The national debt of the United States is an issue that has been troubling the nation for quite some decades now. This form of fiscal policy has relied heavily on deficit spending, which has resulted in an increasingly onerous debt burden now threatening its financial stability. The erosion of its position as the world’s reserve currency may well weaken the U.S. ability to borrow cheaply and its influence over the global economy. The problem is compounded by decreasing interest from abroad in “. Treasury bonds—something once considered a safe haven for investors. Stablecoins: Saving Graces for U.S. Debt? One new entrant into the world of cryptocurrency is digital coins that are pegged to the traditional form of currency, like the U.S. dollar, called stablecoins. The main stablecoins, such as Tether and USD Coin, keep a large majority of their total reserves in U.S. government debts. According to recent reports, Tether alone keeps over $84 billion worth of U.S. Treasury bills, and Circle’s USD Coin holds an additional $11 billion. Stablecoins are increasingly in vogue, and a big surge in demand can be created for U.S. debt. Stablecoins essentially are a bridge between the fiat and crypto worlds-they make it easy for traders to jump into and out of digital assets. Demand could thus help absorb U.S. Treasury bonds, thus part of the pressure built by foreign governments decreasing their hold on U.S. debt. For instance, the largest historical buyer of U.S. debt — China — has greatly reduced its exposure in the past few years — from $1.27 trillion in 2013 to under $1 trillion in 2022. A big part of it is geopolitical and changes in trade policies; it’s now more dependent on domestic and alternative buyers to purchase their debt. Some stablecoins may be introduced into the debt market. Given that stablecoins can mollify some of the foreign lack of interest in Treasuries, this development could reduce the dependence of the nation on old buyers for its debt. This may stabilize the demand for U.S. debt amid an ever-changing global balance sheet. BTC/USD Daily Chart Source: TradingView, by Richard Miles from Fx4Today Stablecoins and the Global Reserve Currency Debate The biggest issue with stablecoins is related to the erosion of the position of the U.S. dollar as a global reserve currency. A strong player entering this space on public, permissionless blockchains, stablecoins may challenge leadership positions, then challenge the status quo. But whereas centrally issued digital currencies will fulfill the ideals of freedom, openness, and transparency— which are virtues the U.S. financial system espouses—stablecoins may thereby be more attractive than the state-backed digital yuan in China. A Hoover Institution report says that for the U.S. to maintain economic leadership, it will have to take a lead role in the digital currency space. It shall look to set worldwide standards for digital currencies that shall emphasize privacy, accountability, and respect for the rule of law. By creating some kind of regulatory framework for stablecoins, the U.S. can be assured of using these new digital currencies to strengthen and not to destroy American values. Building free world global digital financial infrastructure alone will require collaboration with other democratic nations. In this new world shaping, the U.S. plays an active role; in that event, stablecoins can potentially prove a historic step toward securing a financial future, no matter how high the debt grows. Bitcoin and the Debt Crisis of the United States: An Exotic Proposal Although stablecoins could be more immediate in solving the debt problem, there also have been proposals that make use of Bitcoin as a solution. On July 2024, U.S. Senator Cynthia Lummis introduced the Bitcoin Act, which calls for the establishment of a national Bitcoin reserve. According to that proposed legislation, the U.S. could buy up to 1 million Bitcoin tokens and put them into reserve, using this as a store of value to shore up the balance sheet of the country. Lummis says holding Bitcoin will cover off part of the nation’s $23 trillion national debt within 20 years – essentially with rising Bitcoin prices. When it appreciates enough, the U.S. could, he says, pay off portions of its Bitcoin holdings to retire debt. But this proposition, he claims has attracted skepticism, given the enormous size of the national debt outstanding today. At the time of November 2024, Bitcoin market capitalization is approximately $1.7 trillion, and the total supply of Bitcoin capped at 21 million tokens. In order to pay off national debt entirely using Bitcoin, each BTC would have to be valued at more than $35 million, which is an astronomical figure that is unlikely to occur anytime soon, even when prices for Bitcoin continue to rise. Will Bitcoin Price Hit $150,000? Despite many warnings that Bitcoin cannot do anything to address the national debt, Bitcoin has continued to rocket. Until November 2024, it had been trading above $90,000, with many analysts predicting it could reach $100,000 by year-end. Some technical indicators even go as far as hinting that Bitcoin could reach $150,000 in coming months. From the end of September to November 2024, Bitcoin’s rally reached a near 70% gain. If there is any rally of this level, it will catapult Bitcoin higher to new dimensions. The indicator MACD has presented a positive upward moving momentum and will continue it. Caution should be issued.

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Currencies EUR/USD EUR/USD News Forex News News Real Time News

EURUSD Bounces Back to the Highs of Almost 1.0550 After a Dive from New Yearly Lows

EURUSD Bounces Back to the Highs of Almost 1.0550 After a Dive from New Yearly Lows EUR/USD erased substantial losses after a run of five consecutive negatives, bouncing to the areas around 1.0540 during Asian trading on Friday. This followed the US Dollar Index (DXY) taking its first retreats from the newest yearly high reached at 107.06. Both dovish comments by Federal Reserve Chairman Jerome Powell and mixed US economics data influenced the move. Despite the strength in Euro, the European Central Bank still remains cautious on the economic outlook, leaving its future movements toward the pair subject to developments both in the US and the Eurozone. EUR/USD’s Recent Rebound and the Pullback in the US Dollar The currency pair EUR/USD recovered some of the losses because of a correction within the US Dollar. As the US Dollar Index (DXY) had skyrocketed to 107.06 for the year, the reversal in this upward trend for the greenback, as well as its corresponding reversal for the Euro itself, contributed to a modest rebound for the Euro, and EUR/USD advanced toward 1.0540. US Dollar Pulls Back Some of the factors behind the U.S. Dollar’s pullback have been the slowdown of so-called “Trump trades,” that had been helping the dollar out in the first half of the year. These trades-tied very closely to expectations surrounding economic policies from the previous U.S. administration-have started to lose some of their momentum as market sentiment shifts. Simultaneously, comments from Fed Chair Jerome Powell regarding the US economy lighten the tone of the US Dollar. Powell described the US economic performance as “remarkably good, thus giving Federal Reserve some leniency to slowly trim its interest rates. Contrastively, such rhetoric is diametrically opposed to the more hawkish tone that had prevailed in communications until now by the Fed, thus questioning a change in policy that should continue to weaken the Dollar at least in the short term. Mixed US Economic Data Powell’s comments came simultaneously with the release of US PPI numbers. The PPI index increased 2.4% year-over-year in October, beating the revised 1.9% of September and more than the market’s expectations of 2.3%. Meanwhile, the Core PPI for the month rose 3.1% YoY from 3.0% expectation, which eliminates food and energy prices. Although the data showed inflationary pressures were on the rise, which would play into the hands of the USD in the long run, the immediate reaction was tame because attention shifted to Powell’s more dovish talk over interest rates.The convergence of these factors saw DXY pull back, falling to around 106.80 at time of writing, providing some respite to the Euro and pushing EUR/USD higher from recent lows. EUR/USD Daily Chart Source: TradingView, by Richard Miles ECB in a Catch 22 Situation: How to Cut Rates while Tackling Inflation Though the Euro has gained a few percent against the US Dollar, European Central Bank ECB is now caught between the politics of rate cuts, and home-grown inflationary concerns. Home-grown inflationary pressures-the central issue for ECB officials-arise from the boost in wages. ECB is emphasizing more on cutting of interest rates. Showing an increased receptivity to cut rates, the central bank at the monetary policy meeting in October signaled that it was indeed turning its ears to the calls of the reducing economy. This news marks a change in tone especially since the growth fell way slower than expected, and equally, inflation data in the Eurozone remains weak. For Isabel Schnabel, an ECB board member, interest rates remain the prime instrument for policy changes but the secondary adding instruments are buys on bonds and forward guidance. While the ECB is paying increasing attention to cuts in rates, it has been quite cautious in taking concrete steps for some time now because the inflationary pressures continue unabated in the Eurozone. With hard-striving increases in wages coupled with the growth in labor productivity lagging behind, the raised fears of a wage-price spiral – where the increase in wages leads to higher prices that trigger even more wage increase in a spiral ride – belie this potential outcome working adversely for the ECB’s desired goal of putting inflation back on track. ECB Cautious on Inflationary Pressures The ECB is more sensitive to the realization that an early policy response, in this case, even some rate cuts, will mean high inflationary pressures. The central bank has thus indicated a need for more data before doing significant policy changes. The situation remains fluid, and the ECB is likely to continue monitoring the economic and inflationary landscape very carefully before making its next move. Meanwhile, the Eurozone is likely to continue struggling to find elusive momentum in growth. Most analysts think it will slow down in 2025. Cut in rates by the ECB would weaken the Euro further though the timing and full quantum of cut are still unclear. Key Economic Data to Watch The movements of the EUR/USD pair are likely to be sensitive to these upcoming data releases, especially from both the US and the Eurozone. Here are some of the key economic events and indicators to monitor in the coming days: US Economic Data US Retail Sales (October): Details about US retail sales may help explain the soundness of the US consumer-the very pulse of the whole economy. Better-than-expected retail sales can also be an additional strength for the US dollar if it translates to continued demand despite higher inflation. US CPI (Consumer Price Index): The main ‘event’ in the Dollar’s line-up will be the release of the US CPI report. In case inflation remains at these levels or even increases further, then this might lead to ideas about the Fed rate policy turnaround and hence a boost for the USD. Eurozone Economic Data Eurozone GDP Growth (Q3): The GDP data for the Eurozone will say much about its general health. Weaker growth than expected would only raise more concerns regarding the Euro outlook, while stronger growth could support the Euro in the short term.Eurozone CPI (Oct): Eurozone inflation

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Currencies Forex News News Real Time News USD/JPY

Japanese Yen Continues Losing Streak Amid Slower Q3 GDP Growth

Japanese Yen Continues Losing Streak Amid Slower Q3 GDP Growth The Japanese Yen (JPY) remains under significant pressure, extending its losing streak against the US Dollar (USD) for the fifth consecutive session. This ongoing weakness follows the release of Japan’s third-quarter (Q3) Gross Domestic Product (GDP) data, which showed a slowdown in domestic economic activity. With the USD maintaining strength and traders awaiting key US economic data, the Yen’s outlook seems precarious, especially as Japan’s central bank and government officials prepare for potential interventions in the foreign exchange (FX) market. Q3 GDP Data Reflects Economic Slowdown Japan’s economy grew at an annualized pace of 0.9% in the third quarter of 2024, sharply down from the 2.2% growth recorded in Q2. While the Q3 figure surpassed market expectations of 0.7%, it signals a significant deceleration in Japan’s economic momentum. The slowdown was also evident in the quarter-on-quarter GDP growth, which came in at 0.2%, down from 0.5% in Q2, and matched market forecasts. These disappointing economic figures underscore concerns about the ongoing stagnation in Japan’s domestic economy, particularly as the country faces challenges such as an aging population, weak consumer spending, and global economic headwinds. As a result, the Japanese Yen continues to struggle, further exacerbated by the strong performance of the US Dollar and shifting expectations for US interest rates. USD/JPY Daily Price Chart Source: TradingView, prepared by Richard Miles Japan’s Government Response: FX Intervention Likely In light of the persistent depreciation of the Yen, Japan’s Finance Minister, Katsunobu Kato, made comments on Friday signaling potential government action to address excessive FX rate fluctuations. Kato emphasized that the government would take “appropriate action” to prevent excessive volatility in foreign exchange markets, particularly as the Yen continues to lose value against the USD. This remark comes amid concerns that a rapidly weakening Yen could harm Japan’s import-dependent economy and exacerbate inflationary pressures. Kato stressed the importance of stable currency movements that reflect economic fundamentals, warning against one-sided or sharp movements that could disrupt Japan’s financial stability. Monitoring for Government Intervention While the Japanese government has not directly intervened in FX markets since 2011, such remarks have historically preceded market interventions aimed at stabilizing the Yen. Should the Yen continue its downward trajectory, the government could consider taking steps such as direct currency market intervention or other measures to curb excessive depreciation. Japan’s Economic Outlook: Modest Recovery with Risks Despite the slowdown in Q3 GDP growth, Japan’s Economy Minister, Ryosei Akazawa, expressed cautious optimism, suggesting that the country’s economy could see a modest recovery in the coming quarters. According to Akazawa, improvements in employment and wages could support continued growth, though he acknowledged the risks from global economic uncertainties and financial market volatility. While Japan’s domestic labor market remains relatively tight, with low unemployment rates, consumer spending remains subdued, limiting the scope for a strong economic rebound. Additionally, Japan’s heavy reliance on exports makes it vulnerable to global economic fluctuations, especially if major trading partners experience slowdowns. USD Strength Continues to Bolster USD/JPY The USD has been on a strong upward trajectory, providing further downward pressure on the Japanese Yen. The US Dollar Index (DXY), which measures the performance of the USD against a basket of major currencies, recently hit a new high for the year, hovering around 107.06, marking its strongest level since November 2023. This dollar strength is largely attributed to robust US economic data and the Federal Reserve’s relatively hawkish stance, as well as a divergence between US and Japanese monetary policies. Fed’s Positive Economic Outlook Supports USD On Thursday, Fed Chair Jerome Powell stated that the US economy has shown “remarkably good” performance recently, providing the Federal Reserve with the flexibility to lower interest rates gradually, without undermining economic growth. These comments have helped sustain investor confidence in the US Dollar, reinforcing expectations that the Fed will continue to follow a cautious approach to rate cuts. Additionally, Richmond Fed President Thomas Barkin noted that while the Fed has made substantial progress on controlling inflation, there is still more work to be done to ensure that economic momentum continues. This suggests that the Fed may remain more focused on gradual rate changes, which should support the USD further in the near term. US Economic Data Strengthens Dollar Key US economic data also continues to fuel the bullish outlook for the USD. For instance, the US Producer Price Index (PPI) increased by 2.4% year-over-year in October, exceeding expectations and signaling continued inflationary pressures in the economy. The core PPI, which excludes volatile food and energy prices, rose 3.1%, also surpassing forecasts. These inflation readings point to persistent price pressures in the US economy, which may keep the Federal Reserve on a steady course in terms of rate policy. In contrast, Japan’s economic indicators have not shown the same strength. Japan’s Producer Price Index (PPI) for October rose 3.4% YoY, slightly above expectations, but not enough to offset the ongoing weakness in domestic demand. Moreover, the Bank of Japan’s (BoJ) dovish stance on monetary policy remains unchanged, contributing to the Yen’s relative underperformance. Technical Analysis: USD/JPY Bulls in Control The USD/JPY pair remains in a strong bullish trend, trading near 156.50 as of Friday’s session. A closer look at the daily chart reveals an ascending channel, which has supported the pair’s upward trajectory. The 14-day Relative Strength Index (RSI) is hovering just below the 70 level, suggesting that the market is in bullish territory, but it is approaching overbought conditions. A breakout above the 70 mark could indicate that the pair is nearing the upper limit of its rally, potentially triggering a short-term correction. Bullish Targets for USD/JPY The next resistance level for USD/JPY is near the upper boundary of the ascending channel, located around 159.70. A breakout above this level would reinforce the bullish sentiment, potentially pushing the pair toward a four-month high of 161.69, last seen on July 11. However, traders should remain cautious of a potential pullback. If the RSI enters overbought territory or if the USD

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Commodities Gold Gold News News Real Time News

Gold Price Outlook: Modest Gains with Limited Upside Potential Ahead of US Retail Sales

Gold Price Outlook: Modest Gains with Limited Upside Potential Ahead of US Retail Sales The gold price has shown modest gains in early Friday’s Asian trading session, but the broader outlook remains cautious. Despite a mild recovery from its two-month low, gold’s upside potential seems constrained by several key factors, including the strength of the US Dollar (USD) and growing expectations of a slower pace of interest rate cuts by the Federal Reserve. As the market awaits the release of key economic data later on Friday, including the US Retail Sales report for October, the future direction of gold remains uncertain. Gold Price Rebounds After Reaching Two-Month Low Gold (XAU/USD) has experienced a slight recovery, trading around $2,570 after hitting a two-month low earlier in the week. The precious metal’s performance has been weighed down by a stronger USD, as well as speculation about the Federal Reserve’s rate-cutting trajectory. A key development contributing to this pressure is the expectation that the Fed will slow its pace of interest rate cuts, which typically diminishes gold’s appeal as an investment. Despite these headwinds, there are factors that could support gold prices, particularly geopolitical risks and inflationary concerns. However, these elements may not be enough to counterbalance the USD strength and the Fed’s cautious stance on rate cuts. XAU/USD Daily Price Chart Source: TradingView, prepared by Richard Miles Factors Impacting Gold Price Performance Several factors are influencing gold’s recent price movements, and a combination of these may determine the precious metal’s trajectory in the near future. 1. Strength of the US Dollar The US Dollar has been showing strength recently, exerting downward pressure on gold prices. A firmer USD makes gold more expensive for holders of other currencies, reducing demand. As a non-yielding asset, gold is particularly sensitive to shifts in the value of the dollar, with a stronger USD typically leading to lower gold prices. 2. Federal Reserve’s Rate Cut Expectations The Federal Reserve’s stance on interest rates plays a significant role in gold’s price dynamics. While the central bank’s actions to curb inflation with aggressive rate hikes earlier this year have subdued demand for gold, markets are now factoring in a more gradual approach to future rate cuts. The expectation of slower rate reductions has been a key factor behind the recent downward pressure on gold, as higher interest rates reduce the appeal of gold, which yields no interest or dividends. 3. Inflation Concerns and Political Uncertainty There are concerns about higher inflation in the coming year, particularly in light of economic policies proposed by former President Donald Trump. If inflation expectations rise, there could be upward pressure on gold prices, as investors traditionally flock to the yellow metal as a hedge against inflation. Additionally, geopolitical risks—particularly tensions in the Middle East and the ongoing conflict between Ukraine and Russia—could drive demand for gold as a safe-haven asset, potentially supporting prices in times of uncertainty. 4. Geopolitical Tensions and Safe-Haven Demand Ongoing geopolitical developments, particularly in the Middle East and Eastern Europe, could bolster demand for gold. Gold has historically been viewed as a safe-haven asset during times of geopolitical instability. Any escalation in global tensions, whether related to the Israel-Hamas conflict or the war in Ukraine, could drive investors to seek refuge in gold, pushing prices higher. Upcoming US Economic Data and Market Sentiment The market is closely watching the release of key US economic data, which could provide further clarity on the trajectory of the US economy and the Federal Reserve’s next steps. 1. US Retail Sales Report for October The US Retail Sales report for October, due later on Friday, is a crucial data point that investors will closely monitor. A strong retail sales figure could signal a resilient consumer sector, which may influence the Fed’s decision-making in the upcoming meetings. Conversely, weaker-than-expected data could raise concerns about the health of the economy, potentially leading to a shift in expectations for future rate cuts. 2. NY Empire State Manufacturing Index & Industrial Production In addition to retail sales, the NY Empire State Manufacturing Index and Industrial Production data will be released later on Friday. These reports will provide further insight into the state of the manufacturing and industrial sectors, which are key drivers of economic growth. Any signs of weakness in these areas could influence market sentiment, potentially supporting gold prices as a safe-haven asset. 3. Speeches by Fed Officials Fed officials are scheduled to speak later on Friday, including Susan Collins and John Williams. Their comments could provide additional insight into the central bank’s thinking regarding future interest rate moves. If they indicate a more dovish outlook, it could provide some support for gold prices. However, if they reaffirm the Fed’s commitment to a cautious approach in lowering rates, gold could face further headwinds. Technical Outlook: Gold Price’s Vulnerable Bullish Bias From a technical perspective, gold’s price action remains vulnerable, despite the recent uptick. The price is currently hovering around the key 100-day Exponential Moving Average (EMA), a level that has historically acted as both support and resistance. 1. Break Below 100-Day EMA Could Signal Further Downside Gold’s recent price action suggests that a break below the 100-day EMA could signal the resumption of the bearish trend. The 14-day Relative Strength Index (RSI) is currently below the 50-midline at around 33.60, indicating that momentum remains to the downside. If the price falls below the 100-day EMA, it could pave the way for further declines. 2. Support Levels to Watch If the gold price breaks below the 100-day EMA, the next key support level to watch is $2,485, the low from September 8. Further declines could push the price down to $2,353, the low of July 25, with a more significant drop potentially targeting the $2,300 psychological level. 3. Resistance Levels and Potential Upside On the upside, immediate resistance for gold is seen near $2,665, a level that has acted as both support and resistance in recent trading. A decisive break above this level could trigger a

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EURUSD Hits Fresh Annual Lows Amid US Dollar Strength and Trump’s Trade Momentum

EURUSD Hits Fresh Annual Lows Amid US Dollar Strength and Trump’s Trade Momentum The EUR/USD currency pair has been under significant pressure lately, sinking to new annual lows around 1.0530. The continued weakness of the Euro against the US Dollar (USD) is primarily driven by a combination of factors, including the aftermath of the US presidential election, inflationary pressures in the US, and a shift in market expectations surrounding the Federal Reserve’s interest rate policy. In this analysis, we’ll examine the forces driving the EUR/USD exchange rate, the technical outlook, and key market events to watch for. EUR/USD Daily Price Chart Source: TradingView, prepared by Richard Miles US Dollar Strength Boosted by Trump’s Trade Agenda One of the key drivers behind the strengthening of the USD is the momentum following the election of Donald Trump. With Republicans securing control of both the Senate and the House of Representatives, Trump is poised to implement his economic agenda, which includes tax cuts and higher import tariffs. This has resulted in a surge of confidence in the US Dollar, as investors anticipate that Trump’s policies could stimulate domestic growth, potentially leading to higher inflation. Impact of Trade Tariffs on the Eurozone The implementation of higher import tariffs is expected to particularly impact the Eurozone’s export sector. The region is a major exporter to the United States, and higher tariffs on European goods could dampen demand for those goods, hurting Eurozone growth. This could weaken the Euro further, especially if it leads to slower-than-expected GDP growth in the region. Inflationary Pressures in the US and Interest Rate Expectations The US inflation data for October has also supported the USD. The Consumer Price Index (CPI) showed that price pressures were building, as expected, on both a monthly and annual basis. The CPI release significantly influenced market expectations, increasing the likelihood of a Federal Reserve interest rate cut in December. According to the CME FedWatch Tool, the probability of a 25 basis point rate cut surged to 83% from 59% a day earlier, further bolstering the Greenback’s bullish momentum. Market Eyes on Federal Reserve’s December Policy Decision As investors digest the US inflation data, they are eagerly awaiting further guidance from the Federal Reserve on future interest rate decisions. On Thursday, Federal Reserve Chair Jerome Powell will participate in a panel discussion at the Federal Reserve Bank of Dallas at 20:00 GMT. Powell’s comments will be closely scrutinized, as they could provide additional insight into the Fed’s stance on interest rates in the coming months, as well as the broader economic impact of Trump’s proposed policies. US Economic Data: Jobless Claims and PPI Along with Powell’s speech, investors will focus on other key US economic data, including the Initial Jobless Claims for the week ending November 8 and the Producer Price Index (PPI) for October. Both reports, scheduled for release at 13:30 GMT, will be critical in assessing the strength of the US economy and gauging the likelihood of additional Fed rate cuts. Euro Faces Downside Pressure from Eurozone Issues The Euro (EUR) has faced significant challenges in recent weeks, not only from Trump’s trade policies but also from internal European issues. The political situation in Germany has added to concerns about the Euro’s outlook. On November 6, German Chancellor Olaf Scholz dismissed Finance Minister Christian Lindner, leading to the collapse of the country’s three-party coalition government. This political instability is likely to weigh on the Euro in the near term, as investors may be wary of the impact on fiscal and economic stability within Europe. Potential Impact of Trump’s Tariffs on the Eurozone The prospect of Trump’s trade tariffs on the Eurozone’s export sector is a growing concern. A significant decline in exports would likely slow economic growth in the region, putting additional pressure on the Euro. If these trade restrictions lead to a marked slowdown in the Eurozone economy, it could result in further depreciation of the Euro, potentially bringing the EUR/USD exchange rate closer to parity, according to analysts at major banks like JPMorgan and Deutsche Bank. ECB’s Policy Outlook and Inflation Expectations In addition to political instability, the European Central Bank (ECB) is facing its own challenges. The ECB has signaled that it may need to implement additional interest rate cuts if inflation remains subdued. ECB Governing Council Member Olli Rehn indicated on November 12 that the ECB might reduce its Deposit Rate to the so-called neutral rate between 2% and 2.25% in the first half of 2025. This dovish outlook for the ECB further weighs on the Euro, as lower rates in the Eurozone could make the EUR less attractive compared to the USD, especially given the Fed’s potentially more aggressive policy moves. Technical Analysis: EUR/USD Breaks Key Support Levels From a technical perspective, the EUR/USD has been in a pronounced downtrend, with the pair recently breaking below the April 16 low of 1.0600. The move below this key support level has triggered further selling pressure, with the pair falling to its lowest levels since November 2023, near 1.0530. Bearish Momentum and Moving Averages The technical outlook for EUR/USD remains bearish, with all short- to long-term Exponential Moving Averages (EMAs) indicating downward momentum. The 14-day Relative Strength Index (RSI) has also dipped to nearly 30.00, suggesting that the pair is in oversold territory. However, this also implies that the downside may be limited in the short term, and a potential rebound could occur if the selling pressure eases. Key Support and Resistance Levels Looking ahead, EUR/USD is expected to find support near the psychological level of 1.0500. A break below this level could open the door for further declines towards 1.0400 or even parity. On the upside, the key resistance level for Euro bulls is the round-number 1.0700, which would need to be breached for any meaningful reversal to take place. EUR/USD Faces Challenging Conditions Ahead The outlook for EUR/USD remains negative, with several factors contributing to the strength of the US Dollar and the weakness of the Euro. Trump’s

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