Author: FX
WTI crude oil dailyThere is an interesting risk/reward setup in oil at the moment as it looks like Israel will hit back against Iran.Axios reports:“Israeli officials tell Axios it will launch a “significant retaliation” within days that could target oil production facilities inside Iran and other strategic site”The Islamic Revolutionary Guard Corps has been spreading threats today across several of their channels, claiming that if Israel decides to launch an attack on the Iranian oil industry, then they will retaliate with strikes against Azerbaijan, Oman, Saudi Arabia, and the United Arab Emirates.Former Israeli Prime Minister Naftali Bennett also tweeted this…
Private sector employment in the US rose 143,000 in September and annual pay was up 4.7% year-over-year, the Automatic Data Processing (ADP) reported on Wednesday. “Stronger hiring didn’t require stronger pay growth last month,” said Nela Richardson, chief economist, ADP. “Typically, workers who change jobs see faster pay growth. But their premium over job-stayers shrank to 1.9 percent, matching a low we last saw in January.” Market reaction to ADP employment data The US Dollar ticked marginally higher with the news, already backed by a risk-averse environment. US Dollar PRICE Today The table below shows the percentage change of US Dollar…
We here at BabyPips.com have always stressed the importance of deliberate practice to help improve your forex trading skills. Deliberate practice refers to the mindful process of repeating tasks to improve your skills. Take note that the keyword here is mindful. That is, unlike regular repetition, deliberate practice requires focused attention and is designed around specific goals. You can also be cutesy and demure about it, but that’s optional. Deliberate practice can be broken up into three stages: action, feedback, and incorporation. The action – whether it was successful or not – gets broken down into parts and is analyzed…
Investing.com — Apple (NASDAQ:)’s App Store revenue rose 14% year-over-year (y/y) in September, according to a report from Bank of America. The bank said in a note Wednesday that the increase was driven by strong global demand, with SensorTower data showing that Apple’s App Store revenue for the fourth quarter of fiscal year 2024 (F4Q24) totaled $7.8 billion, a rise of 13.6% y/y. In the same period, total app downloads (iPhone and iPad) grew by 5.5%, reaching 8.9 billion. “Despite being the 2nd largest category of Apps, Entertainment app rev grew +33% y/y in F4Q (according to data from SensorTower),…
Strategy: Flip 55 The 3/12 Tunnel is a trend-based strategy. This strategy is quite simple, and we have built it using 2 moving averages. Our team has done extensive backtesting on it, and its winning ratio is between 70% to 80%. Recommended Timeframe You can use this strategy on H1, H4, and Daily timeframes. It can also be used on lower timeframes than H1, but we suggest that if you want better results, use it on H1, H4, and Daily timeframes. Trade Details Currently, based on this strategy, we have a trade opportunity on the EUR/AUD pair on the H1…
Fundamental OverviewThe US Dollar got a bit of a boost this week as Fed Chair Powell reiterated that 50 bps of easing by year end remains the base case. The market’s probability for the Fed to cut by 50 bps in November fell from 51% to 40% as a result.On the data side, the ISM Manufacturing PMI released yesterday missed expectations slightly. On the bright side, the new orders index improved a little which might be an early signal of better times ahead. By contrast, the employment component fell further into contraction but remained above the cycle low.On the EUR…
EUR/JPY weakens to near 158.80 in Wednesday’s early European session, down 0.06% on the day. The negative outlook of the cross prevails, with the bearish RSI indicator. The immediate resistance level emerges at 161.80; the first support level is seen at 158.10. The EUR/JPY cross extends its downside to around 158.80 during the early European session on Wednesday. The risk-aversion across global markets provides some support to the safe-haven asset like the Japanese Yen (JPY). Technically, EUR/JPY keeps the bearish vibe unchanged on the daily chart as the cross holds below the key 100-day Exponential Moving Averages (EMA). Furthermore, the downward…
The SNB recently shared its expectations that inflation could decelerate at a faster pace. Is that what we’ll see in Switzerland’s September inflation data? Here are points you need to know if you’re trading the report’s release: 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! Source link
Justin Sullivan/Getty Images News Oracle (NYSE:ORCL) will invest more than $6.5B to establish a public cloud region in Malaysia, aimed at enhancing the country’s capabilities in artificial intelligence (AI) and cloud computing. The upcoming region will enable Oracle (ORCL) customers and partners in Malaysia to leverage AI Source link
(Corrects vice-presidential debate to late Tuesday, not Wednesday, in last paragraph) By Kevin Buckland TOKYO (Reuters) -Asia stocks sank on Wednesday, catching up with the sell-off on Wall Street after Iran’s ballistic missile strike on Israel provoked fears of a wider regional conflict, while pushed higher on the risk of supply disruptions. Investors flocked to safer assets, pushing U.S. Treasury bond yields down in Asian time, while gold hovered near an all-time high. The safe-haven dollar traded close to its strongest in three weeks versus the euro. Macroeconomics also buoyed the dollar, with a resilient U.S. job market arguing for…