Author: FX
US Dollar Index retreats to 106.50 and continues hitting a barrier near 107.00. Dollar weakens on Fed’s Williams hinting at inflation cooling and rate reduction. Fed officials remain cautious amid persistent inflation concerns and uncertainty about future rate decisions. Mid-tier data from the US came in mixed on Thursday. In Thursday’s session, the US Dollar Index (DXY) flattens after Fed’s Williams indicated a potential cooling of inflation and a subsequent decline in interest rates. On the data front, the data for Jobless Claims came in below expectations, while Manufacturing data raised concerns among investors. The DXY hovers around 106.50, indicating…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
EUR/CAD fell 0.19% on Thursday, hitting 1.4700, the lowest since July 1st. With indicators in deeply oversold territory, the EUR/CAD might consolidate to the upside, but the overall outlook remains negative. The EUR/CAD declined by 0.19% to 1.4700 in Thursday’s session, reaching its lowest level since July 1st. The currency pair has been falling steadily since then, amid increasing selling pressure as indicated by the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). The overall momentum appears to be bearish, with the pair likely to continue its downward trend in the near term, as per our previous…
franckreporter The major averages are mixed on Thursday, as investors assessed Nvidia’s (NVDA) third quarter earnings, and looked forward to key economic reports. The S&P 500 (SP500) was -0.4%, the Nasdaq Composite (COMP:IND) was -1.2% and the Dow (DJI) was +0.1%. The 10-year Treasury yield ( Source link
DegenLayer, a newly launched memecoin focused blockchain & trading terminal app suite, has announced its testnet release, marking a key step toward its upcoming mainnet launch. The platform aims to facilitate zero setup memecoin trading and creation, leveraging the $20 billion liquidity within the Optimism Superchain ecosystem.The project’s developers project daily revenues of $1 million in ETH, assuming a daily DEX trading volume of $200 million. With low transaction fees and a streamlined user interface, DegenLayer seeks to provide a gateway for mainstream users to engage in blockchain-based trading and creation.The project’s native token $DELAY was fair launched on Uniswap…
Anyone who thought that the significant downward surprise in September’s UK inflation figures would be repeated seamlessly in October was disappointed yesterday. Not only was the headline rate slightly higher than expected (which can still be explained by the one-off effects of household energy bills), but services inflation, and hence the core rate, also surprised on the upside, Commerzbank’s FX analyst Michael Pfister notes. BoE pause is now almost a foregone conclusion “Two facts are unlikely to please the Bank of England. On the one hand, the rather low figure for services inflation in September compared with the previous month…
Halma press release (OTCPK:HLMAF): 1H Non-GAAP EPS of 36.90p. Revenue of £950.5M (+8.6% Y/Y). Strong cash performance; continued balance sheet strength: cash conversion9 of 96% (2022/23: 63%), above 90% target; net debt/EBITDA 1.4 times, within operating range of up to 2 times. 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 GBP/USD pair within the H4 timeframe. I’ve shared a trade setup image for…
By Siyi Liu SINGAPORE (Reuters) -Oil prices climbed on Thursday as geopolitical concerns over escalating tensions between Russia and Ukraine outweighed the impact of a bigger-than-expected increase in inventories. futures rose 60 cents, or 0.82%, to $72.81 as of 0734 GMT. U.S. West Texas Intermediate crude futures rose 64 cents, or 0.93%, to $69.39. Ukraine fired a volley of British Storm Shadow cruise missiles into Russia on Wednesday, the latest Western weapon it has been permitted to use on Russian targets, a day after it fired U.S. ATACMS missiles. Moscow has said the use of Western weapons to strike Russian…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…