Author: FX

BEIJING (Reuters) – China is “dissatisfied” with the Dutch goverment’s decision to expand export controls on ASML (AS:) chipmaking equipment, the Chinese commerce ministry said in a statement on Sunday. The Dutch government on Friday said it would expand export licensing requirements for ASML’s 1970i and 1980i DUV (Deep Ultraviolet) immersion lithography tools, aligning its rules with export restrictions on these machines unilaterally imposed by the United States last year. Beijing has repeatedly criticised Washington’s strategy of pressuring allies like the Netherlands and Japan to join export controls targeting Chinese access to cutting-edge chips and chipmaking equipment. “In recent years,…

The Linear Regression Channel acts as a reliable guide through the complexities of currency price movements. It visually represents trends with three distinct lines on a chart: upper and lower bands indicating potential resistance and support levels, and a central line tracking the average trend direction. This setup not only enhances the clarity of price dynamics but also allows traders to assess trend strength and stability over time. Complementing the Linear Regression Channel is the Non-Lag Dot indicator, renowned for its ability to deliver prompt and accurate signals compared to traditional moving averages. By placing dots directly on price bars…

The Stochastic Cross and MSP Forex Trading Strategy integrates technical analysis with real-world market dynamics, providing traders with a powerful toolset to navigate the complexities of Forex trading. At its core, this strategy utilizes the stochastic oscillator, developed by George Lane, to gauge market momentum. By comparing current price movements to recent price ranges, the oscillator identifies potential trend reversals or continuations, offering traders insights into optimal entry and exit points. Complementing the stochastic oscillator is MSP (Moving Average and Support/Resistance Points) analysis, which dives into historical price data to identify critical support and resistance levels. These levels represent key…

The foreign exchange market, or Forex for short, beckons with the promise of exciting opportunities. However, navigating its ever-shifting currents can be a daunting task, especially for newcomers. This is where technical analysis tools like the Trade Assistant MT4 Indicator come to the rescue. In this comprehensive guide, we’ll delve into the world of the Trade Assistant MT4 Indicator, unpacking its functionalities, exploring its benefits, and equipping you with the knowledge to leverage it for informed trading decisions. By the end of this journey, you’ll have a clear understanding of whether this indicator can be a valuable asset in your…

JHVEPhoto With armed conflicts in the Middle East and Ukraine continuing to escalate, investors may be evaluating whether to move more money into defense stocks. Despite rising tensions, defense stock performance has been mixed this year, with many well-known names lagging the S&P 500. Which brings us to today’s SA Asks question: Which defense stock is the best short-term investment right now? We asked Seeking Alpha analysts Dhierin Bechai, Jere Wang of JR Research, Leo Nelissen and Deep Value Ideas for their picks. Dhierin Bechai: For the near-term, I believe Saab AB (OTCPK:SAABF) offers a compelling investment opportunity. Out of…

By Amy Tennery NEW YORK (Reuters) – Belarusian Aryna Sabalenka beat American sixth seed Jessica Pegula 7-5 7-5 in the U.S. Open women’s final on Saturday. Sabalenka blocked out the wild cheers for the home hope on Arthur Ashe Stadium to break Pegula in the final game and win her first title at Flushing Meadows. A year after coming up short in the final, the second seed fought back from a break down in both sets to claim victory and fell to the court in her moment of triumph. The 30-year-old Pegula had waited a long time to reach her…

Volkswagen (OTCPK:VLKAF)(OTC:VLKPF)(OTCPK:VWAGY)(OTCPK:VWAPY) has “one, maybe two” years to turn its namesake brand around, Chief Financial Officer Arno Antlitz said this week as the German auto giant considers its first plant closures in the country, Reuters reported. Antlitz was met with heckles of “goodbye” in German as he told some 25,000 workers at the company’s headquarters in Wolfsburg on Wednesday they needed to work with management to help it slash spending to help the VW survive its shift to electric vehicles, according to the report. The finance chief was quoted as saying the European car market had contracted after the COVID-19…

jetcityimage/iStock Editorial via Getty Images Update: 2.34 PM EST: Includes Stellantis’ comments about global recall Chrysler owner Stellantis (NYSE:STLA) on Saturday announced plans to recall 1.46M vehicles worldwide, including nearly 1.2M vehicles in the U.S., due to a software malfunction in the anti-lock brake system that can increase the risk of a crash. The recall includes about 159K vehicles in Canada, 13K in Mexico, and 61K outside North America, the company said, adding that it is not aware of any related injuries or crashes. Previously: Stellantis (STLA) is recalling about 1.2M vehicles in the U.S. due to concerns that a…

By John Irish PARIS (Reuters) -Thousands of people demonstrated across France on Saturday against Emmanuel Macron’s decision to pick centre-right politician Michel Barnier as prime minister, with leftist parties accusing the president of ignoring election results. Macron named 73-year-old Barnier, a conservative and the former Brexit negotiator for the European Union, as prime minister on Thursday, capping a two-month search following his ill-fated decision to call a legislative election that delivered a hung parliament. “Democracy is not only the art of knowing how to accept victory, but the humility to accept defeat,” Jean-Luc Melenchon, head of the far-left France Unbowed…

On Friday, shares of Nvidia fell 4% and chipmakers dragged the Nasdaq to its lowest in the three weeks.One reason for the sell-off was a Goldman Sachs note from Peter Oppenheimer arguing that traffic to ChatGPT was plunging. Goldman published this chart, which was later widely circulated (including in the Financial Times). It showed the number of visits to ChatGPT:The chart was further picked up by the usual suspects who argued that ChatGPT is a gimmick, that Meta/Grok/Anthropic is eating its lunch, that it went woke or whatever other agenda they were pushing.The truth is embarrassingly simple.The URL of ChatGPT…