Author: FX

The Time Zone and Nonlagdot Non Repaint Forex Trading Strategy offers traders a unique approach to navigating the ever-changing forex market. Combining time-based trading insights with the precision of the Nonlagdot indicator, this strategy focuses on maximizing entry and exit accuracy. Time zones play a pivotal role in forex trading as they influence market activity and liquidity, which vary across global sessions. Understanding how to align trades with these active periods can help traders identify opportunities for higher profitability and reduced risk. Central to this strategy is the Nonlagdot indicator, renowned for its ability to avoid repainting—a common issue with…

National Australia Bank monthly survey of business, for November 2024Business Confidence drops to -3Business Conditions drop to +2, the lowest since the pandemic (worst since late 2020)Some of the sub indexes:sales come in at +5, from +13 in Octoberprofitability -1 (from +5)employment intentions +2 (from +3)Cost pressure indicators:retail prices quarterly pace of +0.6%, from +1.1% in Octoberinput costs ticked up to +1.1%labour costs held at 1.4%Comments from the report: “While we were optimistic last month, it appears the trend of well below-average confidence remains intact,” “Conditions in the goods sector remain weak,” “Interestingly conditions in the services sectors – recreation…

Matteo ColomboMoody’s Ratings upgraded the State of California’s outlook to stable from negative on Monday on the view that “the state’s fiscal challenges have eased in light of both the implementation of spending adjustments and favorable revenue performance supported by a strong Source link

SAN DIEGO—Kevin Tang, a director at Aurinia Pharmaceuticals Inc. (NASDAQ:), recently acquired a significant number of the company’s common shares, according to a filing with the Securities and Exchange Commission. Between December 5 and December 9, Tang purchased a total of 1.2 million shares for approximately $10.82 million. The shares were bought at prices ranging from $8.91 to $9.09. The biotech company, currently valued at $1.31 billion, has demonstrated strong momentum with revenue growth of 39% over the last twelve months. These transactions were executed through Tang Capital Partners (WA:), LP, and Tang Capital Partners III, Inc., both of which…

The price of crude oil is settling at $68.37. That is up $1.17 or 1.7%.The high price reached $68.85. The low price was at $67.07.Looking at the hourly chart, the high price today was able to breach the near-converged 100 and 200-hour moving averages at $68.63. However, the price could not sustain momentum above that level and is settling the day below the key moving averages. It would take a move and close above those moving averages to increase the bullish bias.Conversely, on the downside the low today stalled near the high of the swing area between $66.31 to $67.10.…

The Dow Jones marked out familiar territory near 44,600. Equity traders were pushed into a cautious stance after a policy pivot from China. Investors will get a breather from high impact data until midweek CPI inflation figures. The Dow Jones Industrial Average (DJIA) churned near 44,600 as equities kick off the new trading week on a quiet note. Markets bucked early Monday after China announced its first official monetary policy shift in 13 years. However, risk appetite was hobbled by geopolitical risks from the Middle East and South Korea. Political turbulence dampened investor mood during Monday’s overnight session. Chinese political…

Roland Magnusson AstraZeneca (NASDAQ:AZN) has received FDA Breakthrough Therapy Designation for its drug Dato-DXd, also known as datopotamab deruxtecan, for the treatment of EGFR-mutated lung cancer. The drug received the designation for locally advanced or metastatic EGFR-mutated non-small cell lung cancer with Source link

On Monday, US stocks with significant ties to China, spanning from materials and consumer sectors to Chinese ADRs, experienced a notable rally. This surge came in response to announcements by China’s top leaders, signaling a shift towards more accommodating monetary and fiscal policies. The KraneShares CSI China Internet ETF saw an 11% increase, with major internet companies such as Alibaba (NYSE:), Baidu (NASDAQ:), PDD, JD (NASDAQ:).com, NetEase (NASDAQ:), Trip.com, KE Holdings, and Bilibili (NASDAQ:) all making substantial gains in New York. The Hang Seng Tech Index, after initially shedding some value, rebounded to close 4.5% higher, while the broader rose…

Stock heatmap by FinViz.com Mon, 09 Dec 2024 14:46:10 GMT🔍 Stock Market SnapshotToday’s stock market paints a mixed picture, with significant fluctuations across various sectors. While some technology giants face pressure, the automotive industry shows promising gains.📉 Semiconductor Struggles: Nvidia Leads the DeclineSemiconductors are seeing a harsh downturn today, notably with Nvidia (NVDA) plummeting by 3.14%. This decline reflects investor caution surrounding technology stocks and potential sector-specific challenges. Other semiconductor companies such as AMD (down 2.88%) are also feeling the squeeze, suggesting a broader sector pullback.🚗 Automotive Surge: Tesla Boosts Investor ConfidenceIn sharp contrast, Tesla (TSLA) is powering forward with…

The US Dollar (USD) is somewhat softer on the session as markets react to further upheaval in uncertainty in the Middle East, more signs from China’s politburo that it will step up efforts to bolster stimulus efforts and comments from President-elect Trump reiterating tariff and deportation plans once he takes office, Scotiabank’s Chief FX Strategist Shaun Osborne notes. DXY is flat, resisting the usual negative seasonal price trend “Ranges among the major currencies are relatively limited outside of the AUD and NZD which head the overnight performance league with gains of 0.9% and 0.6% respectively on China growth hopes. The…