Author: FX

WTI crude oil is consolidating inside a descending triangle pattern on its 4-hour chart, and price is currently testing resistance. Is it about to bust higher from here? Or will we see another dip to the triangle support? Take a look at these inflection points! WTI Crude Oil (USOIL) 4-hour Chart by TradingView After its rallies earlier this week, the energy commodity appears to be hitting a ceiling at the triangle top near the $70 per barrel major psychological mark and R1 ($69.34 per barrel). A slightly larger than expected EIA inventory build likely convinced oil bulls to retreat, as…

The Indian Rupee extends its downside in Thursday’s Asian session. Rising geopolitical tensions, Trump trades, and sustained portfolio outflows weigh on the INR.  Traders brace for the US data and Fedspeak later on Thursday.  The Indian Rupee (INR) extends its decline on Thursday. The heightened geopolitical tensions and market reactions due to Donald Trump’s victory in the US presidential elections drag the local currency lower. Additionally, continuous foreign portfolio outflows might continue to undermine the INR in the near term.Nonetheless, the Reserve Bank of India (RBI) is likely to intervene in the foreign exchange to mitigate further depreciation of the…

By Anastasiia Malenko, Tom Balmforth and Max Hunder KYIV (Reuters) – The United States said it had reopened its embassy in Kyiv late on Wednesday after it had shut for the day due to what it called the threat of a significant air attack, a day after Ukraine used American missiles to hit a target inside Russia. Russia had described the strike by U.S. missiles as an escalation in the 1,000-day-old war, while Ukraine’s military spy agency said Russia was trying to sow panic by circulating fake online messages about a looming missile and drone attack. “@USEmbassyKyiv has resumed services…

We’re seeing the first readings of Euro Area business conditions in November! What trends should you watch out for and how does the euro usually react to the results? We’re breaking down the points you need to know: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

The financial markets, for all their complexities, often exhibit a fundamental truth: trends happen. Prices tend to move in a sustained direction, upwards (bullish) or downwards (bearish). Trend following strategies capitalize on this by identifying these trends and aligning your trades accordingly. The Trend Intensity Index (TTI) is a technical indicator specifically designed to assist trend followers. It gauges the strength of the prevailing trend, providing valuable insights into whether a trend is likely to continue or lose momentum. Think of the TTI as your personal trend meter. A strong reading on the indicator suggests the trend has legs, while…

The Extreme TMA Line and Market Direction Forex Trading Strategy is a robust approach designed to help traders navigate the complexities of market trends. This strategy combines the power of the Triangular Moving Average (TMA) with precise market direction analysis to identify high-probability entry and exit points. The Extreme TMA Line acts as a dynamic support and resistance zone, helping traders gauge whether the market is trending or ranging. By following the behavior of price action around this line, traders can make more informed decisions about when to enter or exit a trade. One of the strengths of this strategy…

Nasdaq launched options trading for BlackRock’s iShares Bitcoin Trust (IBIT) on Tuesday. MarketWatch (gated) with the rundown, in brief:First-day trading included: 70 million call options expiring in 2026 at a $100 strike price (equivalent to a $174,000 bitcoin price … n IBIT price at $100 corresponds to a bitcoin price of roughly $174,000). 30 million call options expiring in 2027 at a $100 strike price. Most IBIT options trades were relatively small compared to larger block trades handled by brokers. A position limit of 25,000 contracts is in place, suitable for institutional investors but not significant for large hedge funds.***BTC/USD…

Financial markets showed mixed behavior as traders processed statements from Federal Reserve officials, while Bitcoin made headlines by reaching new all-time highs and rising inflation data from the UK added to the mix. Let’s dive into today’s key market developments! Headlines: Australian Leading Economic Index improved from –0.20% to +0.26% in October Japan trade balance for October 2024: -¥461.2B (-¥320.0B forecast; -¥294.1B previous) As expected, China’s one-year Loan Prime Rate (LPR) was held at 3.1%, and the five-year LPR, which often influences mortgage rates, is steady at 3.6% Bitcoin broke past $94K to make new all-time highs, nearly touching the…

Vertigo3d Digital Brands Group (NASDAQ:DBGI) has partnered with prominent influencer marketer LTK to raise awareness of its Sundry, Stateside, and Avo brands through videos and influencer endorsements. “LTK is a scalable platform that is performance based, which we plan to utilize as Source link

Angela Pruitt, a director at UMH Properties, Inc. (NYSE:), recently sold 2,800 shares of the company’s stock. The shares were sold at a price of $19.26 each, bringing the total value of the transaction to $53,928. Following this sale, Pruitt holds 7,992.77 shares directly. In addition to the sale, Pruitt holds derivative securities in UMH Properties. These include 11,000 shares with an exercise price of $15.80, and 10,000 shares with an exercise price of $14.36, set to expire in 2034 and 2033, respectively. In other recent news, UMH Properties reported strong growth in its Q3 2024 earnings call. The company…