Author: FX

Japan’s Finance Minister Shunichi Suzuki said on Tuesday that he is “monitoring impacts from central banks’ monetary policies.” Suzuki said that he “expects the Bank of Japan (BoJ) to conduct appropriate monetary policy, while working closely with government.” Market reaction USD/JPY remains defensive near 143.70 following these above comments, almost unchanged on the day. Source link

The Momentum ATR Normalized Signal MT4 Indicator, often referred to as the “MANSI” for short, is a technical analysis tool specifically designed for the MetaTrader 4 (MT4) platform. It combines three key elements to help you identify potential trading opportunities: Momentum Oscillator: This component measures the rate of price change, providing valuable clues about the strength and direction of a trend. Average True Range (ATR): This volatility measure helps us understand the typical range of price fluctuations over a given period. Normalization: This process puts the momentum and ATR values on a common scale, making it easier to interpret the indicator’s readings. By…

The Fibo Pivot Candle Bar and Non-Lag Relative Strength Forex Trading Strategy stands out as a powerful tool. This strategy skillfully integrates Fibonacci pivot points with candle bar patterns and a non-lagging relative strength indicator, offering traders a comprehensive understanding of market dynamics. Its effectiveness lies in its ability to provide clear, actionable insights that can significantly enhance trading performance. The core strength of this strategy is its use of Fibonacci pivot points to identify critical support and resistance levels. These levels, derived from the Fibonacci sequence, are known for their accuracy in predicting potential price reversals. By pinpointing these…

TOKYO (Reuters) -Nippon Steel Vice Chairman Takahiro Mori said on Tuesday the Japanese company remains committed to talks with the United Steelworkers (USW) labour union over its bid to acquire U.S. Steel. Mori, the key negotiator of the $14.9 billion buyout deal, said USW President David McCall “has not seriously considered any of the proposals that we have presented” in a letter to the U.S. Steel employees. “We just need USW leadership to come to the table. I am hopeful they will do so in the very near future,” Mori wrote. The USW did not immediately reply to a Reuters…

JP Morgan remark on US stock market strength, with the view that stocks will continue to find support from the macroeconomic environment. While there may be short-term volatility their expectations is for stocks to move higher still. JPM cite:US consumer is in a strong positionsome individuals are feeling the effects of accumulated inflation, but overall consumer spending remains solidnotable surge in credit activitylingering demandthis all could fuel increased business creation, job growth, and housing demand This article was written by Eamonn Sheridan at www.forexlive.com. Source link

Invesco Dynamic Semiconductors ETF declares quarterly distribution of $0.0072 Source link

EL SEGUNDO, CA – Gregory N. Roberts, the Chief Executive Officer of A-Mark Precious Metals, Inc. (NASDAQ:), a leading precious metals trading company, has recently sold a significant portion of his stock in the company. On September 19 and 20, Roberts sold a total of 13,320 shares at prices ranging between $43.636 and $44.1028 per share, amounting to over $620,000. The transactions were executed in multiple parts, with the largest sale occurring on September 19, when 9,545 shares were sold. The next day saw an additional 3,775 shares being sold. These sales were made at weighted average prices, with the…

The Greenback remains off-kilter following the Fed’s recent pivot into a rate-cutting cycle. Last week, the US central bank delivered a jumbo 50 bps rate cut. The US Dollar remains under pressure, but markets have quickly pivoted to more impatient waiting for the next rate call. Here is what you need to know on Tuesday, September 24: The US Dollar Index remains pinned on the low end following the Federal Reserve’s (Fed) 50 bps rate slash last week. The DXY continues to clatter along the floor, grinding sideways just above the 100.50 level. US economic data is strictly mid-tier on…

The AUDUSD has been trying to extend to the upside over the last few trading days but has seen resistance even thoughnew highs have been made. Today is another try. The price has extended above the high price from last weekend at 0.6838. Also, it has moved above the August high price at 0.6823.Both of those levels along with the 61.8% retracement on the daily chart are support levels that if the buyers can stay above would keep them in play. Conversely, if they are broken my guess is that buyers return to sellers on the disappointment once again.ON the…

Further softness German data series could further undermine the outlook for the EUR. EUR/USD may suffer from dips to 1.10 in the weeks ahead, Rabobank’s FX strategist Jane Foley notes. Further soft data may undermine the outlook for EUR “This morning’s flash estimate of German September PMI saw business activity falling at the quickest pace in seven months. According to the survey provider, there was ‘a sharp an accelerated reduction in manufacturing production compounded by a near-stalling of growth in the service sector’.” “It was also reported that ‘the decline in employment also gathered pace as business expectations turned pessimistic…