Author: FX

WTI price drifts lower to near $70.80 in Friday’s Asian session.  Ongoing Middle East geopolitical tensions, prospects of further Fed rate cuts this year could support the WTI price.  The weaker oil demand in China might weigh on the WTI. West Texas Intermediate (WTI), the US crude Oil benchmark, is trading around $70.80 on Friday. WTI price edges lower amid some profit-taking. However, the downside of the WTI price might be limited as geopolitical tensions in the Middle East continue to escalate and the Federal Reserve (Fed) is likely to cut more interest rates in the months to come.Israeli warplanes and…

The foreign exchange market, often abbreviated as Forex, can be a thrilling yet intimidating arena for aspiring traders. With currency prices constantly in flux, deciphering market trends and making informed decisions requires a keen eye and a reliable toolbox of technical analysis tools. Enter the Omega Trend MT4 Indicator, a powerful addition to the arsenal of any Forex trader seeking to conquer the market. In this comprehensive guide, we’ll delve deep into the world of the Omega Trend, exploring its functionalities, uncovering its secrets, and equipping you with the knowledge to leverage its potential for success. Whether you’re a seasoned…

The combination of the Triangular Moving Average (TMA) with the PY Signal method stands out for its power and precision. Unlike traditional moving averages, the TMA adjusts its calculation to place greater emphasis on recent price movements. This adaptive approach not only smooths out market noise but also provides traders with clearer signals of ongoing trends in real time. The TMA operates by calculating an average price over a defined period, with a triangular weighting that prioritizes recent data. This means it reacts swiftly to changes in market sentiment, offering traders a timely reflection of current price dynamics. This responsiveness…

Thank you for your assistant Nike (NYSE:NKE) turned some heads on Thursday by announcing that CEO John Donahoe will step down to be replaced by Elliott Hill. Hill spent his career at Nike (NKE) in various senior leadership positions across Europe and North America, and Source link

By Daniel Trotta and Joseph Ax (Reuters) – North Carolina’s Republican candidate for governor promised to stay in the race on Thursday after CNN reported that he once called himself a “black NAZI!” and proposed bringing back slavery in comments posted on a pornography website. Mark Robinson, an African American who denied making the comments, is North Carolina’s lieutenant governor and running for governor in the Nov. 5 election against Democratic candidate Josh Stein, the state’s attorney general. North Carolina’s gubernatorial campaign has implications for the presidential contest. The fortunes of high-profile candidates there could affect partisan turnout or enthusiasm…

ICYMI, Justin ahd the headline on this Thursday:Adding in a little more now: from the GS note. Analsyst at the bank argue that the main reason for the larger rate cut, and the key takeaway from the meeting, was the shift in focus from inflation concerns to employment risks, due to recent signs of weakness in the labor market. And thus a longer sequence of consecutive 25-basis-point cuts is expected from November 2024 through June 2025, compared to the previous forecast, which anticipated consecutive cuts this year and quarterly cuts next year. The Fed’s terminal rate is projected to be…

FOMC meeting ended with 50 bps interest rate cut to the 4.75%-5.00% range. The Dot Plot suggests a gradual easing cycle that hints at three cuts in 2024. Chair Powell stressed during his presser that the Fed is not in a rush. The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, is trading flat near 100.70 on Thursday as the market digests the Federal Reserve’s (Fed) 50-basis-point (bps) cut. The market overreacted to the news, intensifying expectations of further easing despite the Fed’s efforts to indicate a gradual easing cycle. On Thursday,…

Centessa Pharmaceuticals a new buy at B Riley on sleep disorders pipeline Source link

The economic woes for Germany are coming from every direction. High energy prices and competition from China are undermining its manufacturing and export-oriented economy.The problems at Volkswagen are apparently worse than previously assumed, according to Manager-Magazine. In the medium term, the number of employees in Germany alone could be reduced by 30,000 to 100,000, the report says referencing group insiders.It’s not just jobs either, planned investments could be cut by 20 billion euros due to revenue shortfalls. The big miss is in China, where VW sells about one third of all its brands.I don’t have the original report but here’s…

EUR/USD holds gains above 1.1100 as investors expect the Fed to continue its aggressive policy-easing cycle. The Fed sees interest rates declining to 4.4% by year-end. ECB Nagel said that inflation is still higher than the ECB would like to see. EUR/USD gives up half of its intraday gains but holds the crucial support of 1.1100 in Thursday’s North American session. The major currency pair faces nominal pressure as the US Dollar (USD) bounces back after the release of lower-than-expected Initial Jobless Claims data for the week ending September 13. The data showed that the number of individuals claiming jobless benefits for the first time came…