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Tuesday, November 26, 2024

European Markets Wrap-Up: Gold keeps lower to start the week, what are the levels to watch?

Gold keeps lower to start the week, what are the levels to watch?

Gold (XAU/USD) hourly chart The drop this week sees price take a tumble from $2,700 with the low earlier touching $2,605. That was held by the 38.2 Fib retracement level of the swing higher since the... 

tranche

A quiet one on the agenda in Europe today

The dollar is a little higher at the balance today, helped by Trump making his first push on tariffs already. From earlier: Trump threatens a 25% tariff on Mexico and Canada The yen is sitting a littl... 

ICYMI: Tariff man is back in action

A good ol' sense of déjà vu, eh? It's a throwback to the 2016 to 2020 era as Trump takes office again at the White House. And we didn't have to wait too long before his first attempt to rattle markets... 

USD/CAD in focus as Trump threatens Canada with tariffs

USD/CAD daily chart From earlier: Trump threatens a 25% tariff on Mexico and Canada And so it begins. The random Trump tweets sending waves across markets. The first victims are the Canadian dollar an... 

Japan PM Ishiba calls for cooperation from businesses on bigger wage hikes

Ishiba says that the government is requesting the cooperation from businesses to achieve a "large" wage growth in the spring wage negotiations. This is to follow up from last year's success and to bre... 

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Latest Forex Orders

FX option expiries for 26 November 10am New York cut

There are a couple on the board for the day, as highlighted in bold . They are all for EUR/USD and layered at the 1.0415, 1.0475, and 1.0500 levels. The one at 1.0500 ties together with the 100-hour m... 

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