Geopolitics Steal Show from Yields as XAU/USD Eyes Breakout

GOLD PRICE OUTLOOK Gold prices have been rallying this month despite the surge in U.S. Treasury yields Bond market dynamics are taking a back seat as trades shift their attention to geopolitics. This article looks at XAU/USD’s key levels to watch in the near term Trade Smarter – Sign up for the DailyFX Newsletter Receive

China ramps up yuan internationalisation under Belt and Road Initiative By Reuters

2/2 © Reuters. FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo 2/2 SHANGHAI/SINGAPORE (Reuters) – China is using loans agreed through its Belt and Road Initiative (BRI) to promote the yuan internationally, having already boosted the yuan’s share of global payments to record levels. During

NZD/USD sets new low for 2023 at 0.5815 as Kiwi continues to slide

Share: The NZD/USD hit a new low for the year as the Kiwi loses ground against the US Dollar. Markets twisted following a dovish showing from Fed Chair Powell, but the Kiwi extends downside momentum. New Zealand Trade Balance figures failed to inspire meaningful momentum. The NZD/USD slipped into a fresh low for

EUR/USD Battles Channel Resistance while USD/JPY Stays Put

Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter EUR/USD FORECAST – TECHNICAL ANALYSIS EUR/USD rebounded on Thursday after a subdued performance during the previous trading session, but gains were capped by soaring U.S. Treasury rates, a hostile market environment that appears

Morgan Stanley says Anti-obesity drugs have trimmed market value by $258bn

An interesting snippet from analysts at Morgan Stanely on a not-so-fat result: GLP-1 medications like Ozempic have seen a $340 billion uplift in market value for GLP-1 makers And, offsetting that on the scales, “disrupted” stocks have lost around US$258 billion in market value Analysts noted that consumer interest in the medications has weakened somewhat,

Master Grid MT5: Phantom Mode – Other – 19 October 2023

The AskUP_Range, AskDOWN_Range, BidUP_Range, BidDOWN_Range settings are designed to allow the advisor to use the absolute minimum of PENDING orders in order to support trading grids with any number of MARKET positions that the broker allows. Using these settings enables the so-called PHANTOM mode, when it is not at all necessary to immediately spread out