Author: FX
While gold seems to have resumed its rally, silver is still struggling to attract buyers during its ongoing pullback. Could it be in for a reversal soon? Better keep your eyes peeled for reversal candlesticks around these nearby inflection points: Silver (XAG/USD) 4-hour Forex Chart by TradingView Profit-taking off earlier safe-haven plays forced silver to retreat from its latest highs near R1 ($34.98) down to the 50% Fibonacci retracement level near S1 ($30.23) and the 100 SMA dynamic inflection point. Its fellow precious metal, gold, has already been able to bounce thanks to safe-haven flows spurred by worsening geopolitical tensions…
The dollar held a bit more of a mixed mood since trading yesterday with EUR/USD falling to its lowest levels since October 2023, breaking below 1.0500, but USD/JPY eased further as it dipped back under the 155.00 mark. It is making for a trickier end to the week with broader markets also rallying for the most part.Equities pushed up yesterday but largely to small caps with the S&P 500 ending up 0.5% but the Nasdaq was flat. Meanwhile, gold and oil are also both catching bids this week with geopolitical tensions arguably part of the mix. Besides that, we have…
Gold price scales higher for the fifth straight day and touches a nearly two-week high on Friday. The worsening Russia-Ukraine conflict continues to drive haven flows toward the XAU/USD. Bets for a less dovish Fed, elevated US bond yields, bullish USD does little to hinder the move up. Gold price (XAU/USD) prolongs its uptrend for the fifth consecutive day on Friday and climbs to a nearly two-week top, around the $2,690-2,691 area during the Asian session. Intensifying Russia-Ukraine tensions force investors to take refuge in traditional safe-haven assets and turn out to be a key factor underpinning the precious metal.…
Geopolitical tensions between Russia and Ukraine were still front and center, driving safe-haven assets higher for yet another day. Bitcoin struck fresh record highs yet again, partly driven by increased ETF interest, while gold also found itself in positive territory. Here are the latest updates that drove price action and how financial markets fared. Headlines: New Zealand credit card spending recovered 0.3% y/y in Oct vs. previous 3.1% slump Bank of Japan Governor Ueda discussed the need to incorporate new U.S. administration policies into Japan’s economic outlook but refrained to comment on short-term FX movements. Russian President Vladimir Putin announced…
Robert L. Reffkin, Chairman and CEO of Compass, Inc. (NYSE:COMP), recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Reffkin sold 653,444 shares of Class A Common Stock on November 19, 2024. The shares were sold at a weighted average price of $6.2011, resulting in a total transaction value of approximately $4.05 million. The sales were conducted as part of an automatic trading plan under Rule 10b5-1, which Reffkin adopted on May 10, 2024. Following this transaction, Reffkin holds 7,828,116 shares indirectly through various trusts and…
The world of forex trading can feel like a whirlwind of charts, indicators, and complex strategies. For those seeking an edge in navigating this dynamic market, the NeuroImpulse MT4 Indicator has emerged as a intriguing tool. But what exactly is it, and can it truly help you become a more successful trader? Buckle up, because we’re about to embark on a deep dive into the NeuroImpulse MT4 Indicator, exploring its functionalities, interpreting its signals, and ultimately, determining if it deserves a spot in your trading arsenal. Demystifying the NeuroImpulse MT4 Indicator Let’s start by getting acquainted with the NeuroImpulse MT4…
Grid Round Numbers and Round Levels Forex Trading Strategy is an intriguing approach that capitalizes on the psychological significance of round numbers in the Forex market. These numbers such as 1.2000 or 1.5000 often serve as pivotal points where traders congregate, making them vital for both support and resistance levels. Understanding how to navigate these key areas can significantly impact trading success, as price action tends to react more dramatically at these thresholds. This strategy leverages the concept of grid trading by placing multiple orders around these crucial round numbers. By creating a “grid” of buy and sell orders, traders…
This is via Roger Wilkins, an economist at The University of Melbourne.A bleak picture indeed. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Phynart Studio US Steel (NYSE:X) soared as much as 9.4% and is now up 6% as investors wait to hear the outcome of CFIUS review of its planned $14 billion sale to Nippon Steel (OTCPK:NPSCY). Nippon Steel (OTCPK:NPSCY) Vice Chairman Takahiro Miro said Source link
Kim C. Hanemann, President and Chief Operating Officer of PSE&G, a subsidiary of Public Service Enterprise Group Inc. (NYSE:), recently sold shares of the company’s common stock. According to a filing with the Securities and Exchange Commission, Hanemann sold 955.8881 shares at a price of $90.09 per share, totaling approximately $86,115. This transaction was executed on November 19, 2024, and the shares were held indirectly through a 401(k) plan. Following this sale, Hanemann holds no shares in this particular account. However, she retains direct ownership of 70,011.2330 shares of common stock, which includes accumulated dividend reinvestments. In other recent news,…