Author: FX
EUR/USD struggles to sustain above 1.0950 as the US Dollar performs strongly ahead of the FOMC Minutes. Traders have priced out Fed large rate cut bets for November. The ECB is expected to reduce interest rates by 50 bps in the last quarter of the year. EUR/USD walks on a thin rope near the eight-week low of 1.0950 in Wednesday’s New York session. The major currency pair remains under pressure as the US Dollar (USD) extends its previous week’s rally further, with the US Dollar Index (DXY) rising above the seven-week high of 102.70. The Greenback has strengthened as traders have priced out expectations for the Federal…
Neogen (NASDAQ:NEOG) is scheduled to announce Q1 earnings results on Thursday, October 10th, before market open. The consensus EPS Estimate is $0.09 (-18.2% Y/Y) and the consensus Revenue Estimate is $216M (-5.7% Y/Y). Over the last 2 years, NEOG has Source link
This article summarizes the most significant insider buying and selling activities reported for US stocks on Tuesday, October 8, 2024. Top Insider Buys: • FrontView REIT, Inc. (NYSE:FVR): Alyeska Investment Group, a significant shareholder in FrontView REIT, Inc., has increased its stake in the company. The investment group purchased 810,810 shares worth approximately $15.5 million at an average price of $19.11. The transactions were executed on October 3, 2024, through multiple acquisitions of 135,135 shares each. This substantial investment demonstrates Alyeska’s continued confidence in the real estate investment trust’s future prospects. • Eton Pharmaceuticals , Inc. (NASDAQ:): Opaleye Management Inc.,…
Strategy: 3/12 Tunnel The 3/12 Tunnel is a trend-following strategy. This straightforward approach utilizes 3 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than H1, optimal results are typically achieved within the H1, H4, and Daily timeframes. Trade Details Currently, the 3/12 Tunnel strategy has identified a trading opportunity on the AUD/CAD pair within the H1 timeframe. I’ve shared a trade setup image for your…
Market headlines aren’t exactly sounding cheery these days, leading some to worry that another crash may be looming. How can your account survive if this happens? Here are five tips to keep in mind: 1. Stay rational This is simply a more constructive way of saying “DON’T PANIC!” Sure it can be unnerving to see market heat maps all flashing red, so you gotta remind yourself to keep a cool head and focus your energy into looking for profit opportunities. Of course this is actually easier said than done. Not everyone can stay calm and collected when watching their portfolio…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Gold price drops further as fading Fed 50 bps rate cut bets strengthened the US Dollar’s appeal. The downside in Gold price is expected to be limited due to geopolitical tensions. Investors await the FOMC Minutes and the US inflation data for September. Gold price (XAU/USD) extends its losing streak for the sixth consecutive trading day on Wednesday. The precious metal has been battered by the upbeat US Dollar (USD), which has strengthened as traders are pricing out another Federal Reserve (Fed) larger-than-usual interest rate cut of 50 basis points (bps) in their next meeting in November. The US Dollar…
Remember the resistance zone we marked a few days ago? Well, WTI crude oil has broken above the area! This time, we’re looking at the possibility of a break-and-retest situation: WTI Crude Oil (USOIL) 4-hour Chart by TradingView In case you missed today’s Daily Market Recap, you should know that a lack of material escalation in the Middle East and concerns over China’s growth have limited the demand for crude oil. Meanwhile, traders reeling in their Fed rate cut expectations have supported the U.S. dollar against some of its major counterparts. Remember that directional biases and volatility conditions in market…
PiQ on Twitter China’s Finance Ministry to hold fiscal policy briefing on October 12, detailing intensified adjustment China’s Finance Ministry will hold a press briefing on October 12th to provide insights into fiscal policy and economic development. The briefing, scheduled for 10:00 local time, will introduce details on China’s intensified fiscal policy adjustments aimed at boosting economic recovery. Markets will be closely watching for any additional stimulus measures or fiscal reforms that could influence China’s economic trajectory and global market sentiment. Source link
Expectations for aggressive Fed easing appear to be fading these days, so will the upcoming CPI release further convince the U.S. central bank to shed its dovish feathers? Market analysts are expecting slightly slower price pressures for September, but some leading indicators are hinting at a potential upside surprise. Check out these USD/CHF and AUD/USD setups on my radar in case this happens. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More!…