Author: FX

By Nathan Layne and Joseph Ax WILKES-BARRE, Pennsylvania (Reuters) -Republican Donald Trump said on Saturday he believed Democrat Kamala Harris will be easier to beat than President Joe Biden even as some polls showed her edging ahead in the race for the Nov. 5 presidential election. Trump, the former president, held a rally on Saturday in Wilkes-Barre in the northeastern part of Pennsylvania, a state looming large in the campaign. Vice President Harris will conduct a bus tour of western Pennsylvania starting in Pittsburgh on Sunday, ahead of the kickoff of the Democratic National Convention on Monday in Chicago. “I…

cemagraphics The Industrial Select Sector SPDR Fund ETF (XLI) rose +2.16% for the week ended Aug. 16, while the SPDR S&P 500 Trust ETF (SPY) surged +4%. Aspen Aerogels (NYSE:ASPN) was the top industrial gainer (in the segment), while Hillenbrand (NYSE:HI) saw its stock decline following a rating downgrade. All the 11 S&P 500 sectors ended the week in the green. Year-to-date, or YTD, XLI has climbed +11.39%, while SPY has soared +16.62%. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +11% each this week. YTD, all 5…

(Reuters) – The leader of Russia’s Chechnya region, Ramzan Kadyrov, published a video on Saturday of himself driving a Tesla Cybertruck with what looked like a machinegun mounted on top, saying he would send it to the Ukraine conflict zone. Kadyrov, known for extravagant publicity stunts, heaped praise on both the vehicle and Tesla Motors (NASDAQ:) chief executive Elon Musk on the Telegram messaging app, calling him the “strongest genius of modern times” and inviting Musk to Chechnya. “We… await your future products that will help us finish the special military operation,” Kadyrov wrote, using the official term by which…

We’ve been spared from summer doldrums in financial markets this year but early next week could be something of a dud, particularly until Jackson Hole begins.Monday kicks off with Fed’s Waller speaking at 09:15 am ET but that will be all for the day.Tuesday features speeches from the Fed’s Bostic and Barr but is otherwise bare.Wednesday is hardly better with only EIA weekly crude oil stocks and a 20-Year bond auction. The highlight will be the FOMC Minutes release at 14:00 pm ET; expect some dovish indicators there.Thursday is when it picks up with jobless claims data, S&P Global PMIs…

Citi analysts are forecasting a better-than-expected outlook for the global memory market in 2025, despite concerns about potential oversupply. In a research note to clients this week, the investment bank Citi projected that memory average selling prices (ASP) will remain largely stable, supported by trends in semi-customization and strong demand for AI memory. Citi anticipates a robust recovery for NAND, with ASP expected to rise by 30% year over year in 2025. In contrast, DRAM ASP is projected to increase at a more modest rate of 14% year over year. The supply and demand dynamics are also expected to favor…

Have you ever felt like you’re deciphering a cryptic message when staring at your MT4 charts? You see the price wiggling up and down, but gauging its overall sentiment – is it overheating or ready for a rebound? can be a head-scratcher. Thankfully, the world of technical analysis offers tools to shed light on this very dilemma. Enter the realm of overbought/oversold indicators, your trusty companions in navigating market sentiment within the popular MT4 platform. This comprehensive guide dives deep into the world of overbought/oversold indicators for MT4. We’ll crack the code on identifying market extremes, explore the limitations of…

The Squeeze Break strategy revolves around understanding market volatility cycles. It involves spotting periods of low volatility, termed the squeeze, which often precedes significant price movements. Traders capitalize on these phases to anticipate potential breakouts, strategically entering trades as market momentum accelerates. Complementing this method is the Price Volume Trend indicator, which enhances traditional price analysis by incorporating trading volume. This dual approach provides traders with a comprehensive view of market dynamics. By analyzing both price trends and trading volumes, traders gain insights into trend strength and potential reversals, empowering them to make informed trading decisions. Together, the Squeeze Break…

AUD/USD shows an increase, climbing to 0.6950. RBA’s Bullock was on the wires and maintained its hawkish stance. A weaker USD also benefited the Aussie. The AUD/USD pair experienced an increase of 0.40% during Friday’s session, settling near 0.6950. Mixed sentiment data from the United States combined with the words of Reserve Bank of Australia’s (RBA) Governor Michele Bullock impacted the Aussie. The RBA’s continued hawkish stance, despite the mixed Australian economic forecast and increasing inflation, has resulted in markets predicting only a 25-basis-point easing for 2024, which seems to be making the Aussie gain interest. Daily digest market movers:…

USD slid following the University of Michigan Sentiment figures and housing market data. Markets remain confident about a cut in September. Greenback might continue being sensitive on data releases. On Friday, the US Dollar (USD), as measured by the US Dollar Index (DXY), experienced a decline following the release of the University of Michigan’s Consumer Sentiment Index figures and softer-than-expected housing market data. As per the US economic outlook, careful evaluation of the data suggests that the US economy is maintaining growth above trend. This portrays an overestimation by the market in pricing for aggressive easing as the Federal Reserve…

NZD/JPY mildly rose to 89.30, testing the 20-day SMA. The RSI is near 50 while the MACD shows flat green bars, signaling that the momentum is sideways. A jump above the 20-day SMA would confirm a bullish outlook. The NZD/JPY pair gained ground in Friday’s session, climbing to 89.30. The uptick follows side-ways movements during the week, but the pair could be ready for a change of trend. The Relative Strength Index (RSI) is hovering near 50, indicating that the pair is near neutral territory. If the RSI can move above 50, it could signal a potential shift in market…