Author: FX

The Greenback goes nowhere after a rather soft start in Asia on Monday.  All eyes are on geopolitics after the Biden Administration delivered the green light for Ukraine to use long-range US missiles for targets in Russia.  The US Dollar index holds ground above 106.50 for now while the economic calendar is rather flat for this Monday. The US Dollar (USD) holds ground at rather elevated levels on Monday with a very calm start of the week, with the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, slightly in the red near a fresh year-to-date high reached…

Experiencing fear while trading is normal, but it can get in the way of catching good market moves and being consistently profitable. Fear is considered as a basic survival mechanism. Without fear, we won’t be able to recognize danger and respond appropriately. The problem with fear comes when we let the perceived danger of stopping out or losing money scare us into making a decision that goes against good trading habits and our pre-determined trading plan. A lack of confidence as a result of a string of losses can lead you to abandon your plan as well. Being haunted by the…

FBS, a leading global broker, explores the rise of tokenized real-world assets (RWAs) and their transformative impact on international finance. Representing tangible and intangible assets like real estate and private credit digitally on blockchains, RWAs are redefining asset ownership by enabling fractional ownership and boosting liquidity. This innovation is reshaping global finance, offering retail and institutional investors more accessible and diversified portfolios.FBS analysts emphasize the significant advantages of RWAs, including reduced barriers to entry, streamlined operations, and democratized access to high-value assets. The surge in adoption is evident, particularly in the Asia-Pacific region, where institutions like BlackRock and UBS are…

The Swiss Franc (CHF) weakening this episode (QTD) comes alongside the decline also seen in other major FX, though the magnitude of CHF depreciation was slightly lesser (- 4.7% vs USD) compared to JPY, EUR, GBP, AUD (down over 5-8% vs USD). USD/CHF was last seen at 0.8871 levels, OCBC FX analysts Frances Cheung and Christopher Wong note. Bullish momentum on daily chart intact “Safe-haven characteristic of CHF was likely one of the mitigating factors that saw CHF fell by less. Nevertheless, US election outcome was one of the main reasons that triggered broad USD strength as market contemplates a…

Hiroshi Watanabe Stock futures were mixed Monday morning as anticipation built around NVIDIA’s upcoming earnings, a key event for the markets this week. Here are some of Monday’s biggest stock movers: Biggest stock gainers Tesla (TSLA) shares climbed 6% following Source link

Investing.com — Tesla Inc (NASDAQ:) shares rose over 5% in after-hours trading on Robinhood (NASDAQ:) Sunday evening following reports from Bloomberg that the upcoming Trump administration will establish a federal framework for fully self-driving vehicles and make it a top priority for the Department of Transportation.   The development is seen as a major boon for Tesla, which has been leading the charge for fully autonomous driving. CEO Elon Musk has been a major supporter of President-elect Donald Trump and is now considered in his inner circle. Musk and Vivek Ramaswamy are heading up the recently announced Department of Government…

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 EUR/AUD pair within the H4 timeframe. I’ve shared a trade setup image for…

NZD/JPY has been cruising inside this range since last month, and it looks like another bounce off support is due. Or are we about to see a breakout soon? Check out these inflection points we’re watching on the 4-hour time frame: NZD/JPY 4-hour Forex Chart by TradingView NZD/JPY has been pacing back and forth between support near the 90.00 major psychological mark and resistance at the 92.00 handle since October. Relatively upbeat remarks from Bank of Japan (BOJ) head Ueda earlier this week seems to have kickstarted another round of yen rallies, as he acknowledged that the economy continues to…

There are just a couple to take note of, as highlighted in bold.They are for EUR/USD at the 1.0500 and 1.0520 levels. Similar to last week, the former will be the more important one to watch as it sits alongside a key technical support region for the pair. That will once again be a key downside level to watch out for throughout this week. If buyers can hold above that, they could yet stand a decent shot at reversing the near-term bias in the sessions ahead. The 100-hour moving average is now seen at 1.0575.For more information on how to…

Canada may print sticky high or higher price pressures in October, which could ease the pressure on the Bank of Canada (BOC) to keep on cutting its interest rates. Our Event Guide for Canada’s October CPI Reports points to rising wage growth and seasonal activity potentially keeping inflation sticky high for the month. If true, BOC – which recently shifted focus from actively pursuing lower inflation to “sticking the landing” on inflation – would have fewer reasons to cut its rates another time this year. Here’s why CAD/CHF and EUR/CAD are looking good in the case of…