Author: FX

Gold declined as Fed Minutes revealed a “substantial majority” backed a 50 bps cut, while some preferred 25 bps. CME FedWatch Tool shows lower odds of a 25 bps cut, down to 75.9%, with rising expectations for a rate pause. US 10-year Treasury yield rises to 4.062%, supporting the US Dollar. Traders await Thursday’s CPI data for further direction on inflation and Fed policy. Gold extended its losses for the sixth consecutive day after the Federal Reserve (Fed) revealed its September Meeting Minutes. The Minutes showed that the “substantial majority” of the Federal Open Market Committee (FOMC) backed a 50-basis-point…

Jose Luis Pelaez Inc The co-founder of biotech giant Regeneron Pharmaceuticals (REGN) recently raised concerns about the potential side effects of popular weight-loss drugs, which he said could lead to increased loss of muscle mass. This contributed to a growing narrative about the dangerous Source link

By Mike Scarcella (Reuters) – In the span of two days this week, Alphabet (NASDAQ:)’s Google was hit with a court order to open up its app store Play to rivals and learned that the U.S. Justice Department may soon ask a judge to split up the company to limit its hold over online searches. Here is a look at the U.S. antitrust cases that have Google playing defense and that could help shape the company’s future. ANDROID APPS U.S. District Judge James Donato in San Francisco on Monday ordered Google to overhaul parts of its Android app business, spelling…

Fed’s Jeffereson did NOT FAIL to disappoint, when the only headline from his speaking engagment was a remark repeated from Tuesday: Fed decisions will be meeting by meeting.Meanwhile there is nothing from Richmond Fed Pres. Barkin. This article was written by Greg Michalowski at www.forexlive.com. Source link

EUR/USD struggles to sustain above 1.0950 as the US Dollar performs strongly ahead of the FOMC Minutes. Traders have priced out Fed large rate cut bets for November. The ECB is expected to reduce interest rates by 50 bps in the last quarter of the year. EUR/USD walks on a thin rope near the eight-week low of 1.0950 in Wednesday’s New York session. The major currency pair remains under pressure as the US Dollar (USD) extends its previous week’s rally further, with the US Dollar Index (DXY) rising above the seven-week high of 102.70. The Greenback has strengthened as traders have priced out expectations for the Federal…

Neogen (NASDAQ:NEOG) is scheduled to announce Q1 earnings results on Thursday, October 10th, before market open. The consensus EPS Estimate is $0.09 (-18.2% Y/Y) and the consensus Revenue Estimate is $216M (-5.7% Y/Y). Over the last 2 years, NEOG has Source link

This article summarizes the most significant insider buying and selling activities reported for US stocks on Tuesday, October 8, 2024. Top Insider Buys: • FrontView REIT, Inc. (NYSE:FVR): Alyeska Investment Group, a significant shareholder in FrontView REIT, Inc., has increased its stake in the company. The investment group purchased 810,810 shares worth approximately $15.5 million at an average price of $19.11. The transactions were executed on October 3, 2024, through multiple acquisitions of 135,135 shares each. This substantial investment demonstrates Alyeska’s continued confidence in the real estate investment trust’s future prospects. • Eton Pharmaceuticals , Inc. (NASDAQ:): Opaleye Management Inc.,…

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 AUD/CAD pair within the H1 timeframe. I’ve shared a trade setup image for your…

Market headlines aren’t exactly sounding cheery these days, leading some to worry that another crash may be looming. How can your account survive if this happens? Here are five tips to keep in mind: 1. Stay rational This is simply a more constructive way of saying “DON’T PANIC!” Sure it can be unnerving to see market heat maps all flashing red, so you gotta remind yourself to keep a cool head and focus your energy into looking for profit opportunities. Of course this is actually easier said than done. Not everyone can stay calm and collected when watching their portfolio…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…