Author: FX
The USD/JPY pair moved lower in the early Asian session but found support once again near the rising 100-bar moving average on the 4-hour chart, currently at 153.944. This level, which also held yesterday and prompted a bounce, remains a key technical support. Staying above this moving average maintains a bullish bias, while a break below shifts the focus to the 61.8% retracement level at 153.397. Further downside targets include the 200-bar moving average on the 4-hour chart at 152.314 and the 200-day moving average at 151.941, with each level increasing the bearish bias if broken.On the upside, a swing…
The downturn in Gold prices underscored by sharp liquidations from macro funds lined up exceptionally well with historical patterns surrounding drawdowns associated with macro fund liquidations from extreme levels, averaging between 7-10% over the last decade, TDS’ Senior Commodity Strategist Daniel Ghali notes. Price action forces CTAs back into ‘max long’ position size “However, the strong price action since was less typical — featuring a concurrent decline in open interest in Comex Gold, despite with few directional money manager shorts after accounting for EFPs, continued divestment from ETFs in the West and in China, alongside a notable change in trading…
EUR/CAD fell 0.56% on Friday to trade close to 1.4550. Pair extended losing streak to four sessions and fell to a low since February. Oversold indicators signal potential correction, but negative outlook remains. The EUR/CAD extended its losing streak to four sessions, falling to a low since February on Friday. The pair declined by 0.56% to 1.4550. Technical indicators on the EUR/CAD currency pair continue to paint a bearish picture, as evidenced by the pair’s sharp decline in recent sessions and the ongoing four-day losing streak. The Relative Strength Index (RSI) has entered the oversold territory, with a current reading…
da-kuk/E+ via Getty Images Shares of Kingsoft Cloud (NASDAQ:KC) surged about 9% on Friday after Nomura upgraded the stock to Buy from Neutral citing AI and Xiaomi (OTCPK:XIACF) (OTCPK:XIACY) ecosystem demand. The firm also raised the price target to $6.70 from $2.30 on the Chinese company’s stock. The analysts Source link
Investing.com– Oil prices steadied Friday, heading for a positive week as increased concerns over Russia and Ukraine saw traders attach a greater risk premium to crude. At 09:25 ET (14:25 GMT), expiring in January fell 0.1% to $74.19 a barrel, while rose 0.1% to $70.19 a barrel. Both contracts were trading around 4% higher this week. Russia-Ukraine tensions put oil on track for weekly gain Oil’s gains this week were driven by concerns over supply disruptions stemming from the Russia-Ukraine war, especially as Kyiv began using Western-made long-range missiles. Russia responded by lowering its threshold for nuclear retaliation, as well…
The US Dollar Index (DXY) rallied to a fresh two-year high after Eurozone PMI data suggested the region’s economy is contracting. The US Dollar is also supported by safe-haven flows amid escalating geopolitical risks in the Russia-Ukraine war. The US Dollar Index pops above 108.00 and eases slightly afterward. The US Dollar (USD) jumps on Friday to its highest level in two years, with the DXY US Dollar Index popping above 108.00, as Purchasing Managers Index (PMI) data for the Eurozone signaled that the region’s economy fell back into contraction in November. The data weighed heavily on the Euro (EUR)…
Gratomic (OTCPK:CBULF) announced the appointment of Hermanus Manuel Silver, “Manie,” to the board of directors and the position of COO. Currently, MineManager and Head of Namibian Operations, he will continue those roles. The company announced the departure of Executive Chair Bruno Baillavoine for Source link
Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straight forward approach utilizes 2 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 Flip 55 strategy has identified a trading opportunity on the AUD/USD pair within the H4 timeframe. I’ve shared a trade setup image for…
MOSCOW (Reuters) – President Vladimir Putin said Russia had struck Ukraine with a new hypersonic medium-range ballistic missile in response to Kyiv’s use of U.S. and British missiles against Russia. What is the “Oreshnik” (Hazel tree)? WHAT DID PUTIN SAY? Putin said on Thursday that the Ukraine war was escalating towards a global conflict after the United States and Britain allowed Ukraine to strike deeper into Russia with their missiles, and warned the West that Moscow could strike back. In direct response to Ukraine’s use of U.S. and British missiles on Nov. 21, he said Russia had launched an “Oreshnik”,…
Is EUR/NZD in for a major trend reversal soon? I’m seeing a head and shoulders pattern on the 4-hour chart, with price currently testing the neckline support. Better not miss a potential breakdown if it happens! EUR/NZD 4-hour Forex Chart by TradingView Dovish ECB rhetoric has been dragging the shared currency lower against most of its counterparts over the past few weeks, bringing EUR/NZD down to test its head and shoulders neckline support. However, risk aversion stemming from the Russia-Ukraine conflict has also kept the higher-yielding Kiwi’s gains in check. Can the upcoming eurozone PMI releases turn the spotlight back…