Author: FX
By Dietrich Knauth NEW YORK (Reuters) -FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using $16 billion in assets recovered since the once-leading crypto exchange collapsed. U.S. Bankruptcy Judge John Dorsey approved the wind-down plan at a court hearing in Wilmington, Delaware, saying FTX’s success made it “a model case for how to deal with a very complex Chapter 11 bankruptcy proceeding.” The plan is built on a series of settlements with FTX customers and creditors, U.S. government agencies, and liquidators appointed to wind down FTX’s operations outside the U.S. …
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…
DXY snapped a five-day winning streak and seems to be taking a breather below 103.00 Fed easing expectations have been tempered following last week’s jobs report Fed speakers are expected to reiterate a gradual approach The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, witnessed a calm Monday session with mild losses, holding steady despite elevated levels near last week’s highs. Amidst ongoing Middle East tensions, market participants await key events this week, including the release of the Federal Reserve’s (Fed) Federal Open Market Committee (FOMC) Meeting Minutes and US Consumer Price…
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…
USD/JPY decisively breaks above a critical level in a bullish sign. It may also have completed a three-wave correction of the medium-term downtrend with more bearish implications. USD/JPY decisively pieces and closes above both its long-term trendline and key upside obstacle in the form of the 147.24 October 3 high. This lends credence to the bullish view and suggests a possible continuation of the short-term uptrend to a tentative target at the next key resistance level of 149.40, the August 15 high. USD/JPY Daily Chart Momentum is broadly bullish since the August bottom and the Moving Average Convergence Divergence (MACD)…
Investing.com — n a note Monday, UBS analysts cautioned that the U.S. economy may continue running hotter than expected, raising concerns about overheating. The strong September jobs report, with 254,000 payroll gains—well above expectations—and revisions that added 72,000 jobs for the prior two months, suggests the economy is performing better than many anticipated. “Labor market data defying expectations not only boosted confidence in the soft landing by quelling fears that it’s at risk of cracking,” said UBS. The bank notes that economic data, which had been trending negatively since the spring, is now consistently surprising to the upside. Meanwhile, consumer…
Strategy: Big MACD Breakfast The Big MACD Breakfast is a trend-following strategy. This straightforward approach utilizes 200 moving averages, MACD and 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 Big MACD Breakfast strategy has identified a trading opportunity on the USD/JPY pair within the H1 timeframe. I’ve shared a…
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 remains on the defensive amid reduced bets for a 50 bps Fed rate cut in November. The USD consolidates last week’s strong gains and exerts some pressure on the XAU/USD. Geopolitical risks might continue to act as a tailwind and limit losses for the precious metal. Gold price (XAU/USD) trades with a negative bias for the fourth straight day on Monday, albeit it lacks follow-through selling and remains confined in a familiar range held over the past week or so amid mixed fundamental cues. Friday’s upbeat US jobs report smashed market expectations for a more aggressive policy easing…
The Reserve Bank of New Zealand (RBNZ) is widely expected to cut interest rates this week! Our Event Guide for RBNZ’s Decision suggests that there’s room for as much as a 50bps rate cut from the central bank in October. But with traders already pricing in a rate cut for days, we could actually see a net positive outcome for the New Zealand dollar, even with the rate reduction. Here’s why we’re keeping a close eye on NZD/JPY and GBP/NZD in case the Kiwi surprises with a bullish move. This Article Is For Premium Members Only Become…