Author: FX
The Perfect Trendline and Xmaster Formula Forex Trading Strategy stands out as a remarkably powerful tool in the arsenal of forex traders. At its core, this strategy leverages the traditional method of trendline analysis, a well-established technique for identifying and following market trends. By drawing lines that connect significant price points, traders can visualize the market’s direction and make educated decisions. However, the true strength of this strategy lies in its integration with the Xmaster formula, which amplifies the effectiveness of trendline analysis with advanced algorithmic enhancements. What makes the Xmaster formula so impactful is its ability to refine the…
By Sinead Cruise and Lawrence White LONDON (Reuters) -HSBC’s history-making new chief financial officer Pam Kaur is a battle-hardened risk and audit veteran who credits her success to the “Power of Chi”. The first woman to occupy the role in the bank’s 160-year history, she has observed at close quarters the challenges HSBC faces under new CEO Georges Elhedery, as it navigates a new interest rate cycle and a more fractious relationship between China and the West. Indian-born Kaur, 60, joined HSBC from Deutsche Bank in April 2013, rising to the role of group chief risk and compliance officer before…
While Japanese authorities tell us not to be worried about levels, focus on the rapidity and volatility (and speculative nature) of yen moves, UBS is nominating levels to eye regardless:say below 148.00 in short-term valueand that above 152.00 the rate is stretchedUBS cite US rates in their reasoning. Keep on eye on Japanese rates too though, the Bank of Japan meet October 30 – 31, and while no rate hike is expected there are some expectations of one at the December 18 – 19 meeting. I was expecting some beefy intervention comments out of Japan yesterday. Nope:ForexLive Asia-Pacific FX news…
Gold price surges to an all-time high, nearing the $2,750 mark, supported by geopolitical tensions and expectations of further Fed rate cuts. Despite rising US Treasury yields, risk aversion and fears of a Trump presidency drive safe-haven demand for Gold. Traders are pricing in 42 bps of Fed rate cuts by year-end with 89.6% odds of a 25 bps cut at the November meeting. Gold prices extended their gains for the fifth day out of the last six and reached an all-time high (ATH) at $2,748, just shy of the psychological $2,750 mark. Geopolitical tensions and expectations that the Federal…
Oct. 22, 2024 3:58 PM ETBy: Liz Kiesche, SA News Editor krblokhin Andrew Left associate Ryan Choi agreed to pay more than $1.8M to settle charges that he negligently engaged in a scheme that misled readers of Citron Research in connection with two tweets published by the platform, the U.S. Securities and Exchange Commission said Source link
Fiserv, Inc. (FISV), a leading global provider of payments and financial services technology solutions, reported a strong financial performance in its Third Quarter 2024 Earnings Conference Call. CEO Frank Bisignano highlighted significant growth with an adjusted earnings per share (EPS) of $2.30, marking a 17% increase from the previous year. Adjusted revenue grew by 7% to $4.9 billion, and the adjusted operating margin improved to 40.2%. The Merchant Solutions segment saw a remarkable 24% organic revenue growth, and the company raised its full-year guidance for organic revenue growth to 16%-17% and adjusted EPS to $8.73-$8.80. Fiserv also announced a partnership…
Closing changes in Europe:Stoxx 600 -0.2%German DAX -0.1%France CAC flatUK FTSE 100 -0.1%Spain IBEX -0.1%Italy’s FTSE MIB -0.6% This article was written by Adam Button at www.forexlive.com. Source link
Crude oil markets may feel oversold, but trend following models hold a war chest of dry-powder to deploy in either direction, TDS’ Senior Commodity Strategist Daniel Ghali notes. Crude oil markets seem oversold “While our return decomposition framework suggests that markets have continued to erode supply risk premia over the last week, geopolitical tensions remain at a boil and traders are awaiting more information on Israel’s targets for a strike against Iran, keeping a floor on prices.” “With prices failing to keep up with downtrend signals, CTAs are still set to cover their shorts this session. The scope for subsequent algo flows…
Strategy: 3/12 Tunnel The 3/12 Tunnel is a trend-following strategy. This straightforward approach utilizes 3 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 3/12 Tunnel strategy has identified a trading opportunity on the EUR/AUD pair within the H1 timeframe. I’ve shared a trade setup image for your…
The dollar is keeping more mixed with light changes being observed overall. There’s not much appetite or follow through, as traders are keeping a watchful eye on the bond market for anything. USD/JPY is one to pay attention to as such but is running up against a key resistance region as outlined here.Besides that, all the other major currencies are stuck in narrower ranges on the day. The antipodeans are up slightly but it’s not really saying a lot after the fall yesterday. AUD/USD is up 0.3% to 0.6678 but is still keeping below its own 100-day moving average of…