Author: FX
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…
Share: Australian Dollar loses ground in response to cooler-than-expected inflation data. Australian Consumer Price Index was unchanged at 3.4% for January, against the expected 3.5%. RBNZ held the OCR unchanged at 5.5% in its February monetary policy meeting. The US Dollar could face a challenge on subdued US Treasury yields. The Australian Dollar (AUD) faces challenges following the release of cooler-than-anticipated Monthly Consumer Price Index (CPI) data from Australia on Wednesday. Furthermore, the decline in the S&P/ASX 200, which followed subdued price action on Wall Street overnight, added to market uncertainty ahead of the release of a series…
Moving average crossovers are probably one of the simplest trading strategies. It is a trend reversal trading strategy wherein trend reversal signals are based on the crossing over of moving average lines. Moving average crossovers have taken a lot of flack from many losing traders. This is probably because these losing traders blindly followed a moving average crossover strategy without taking into account the context of the market conditions. Some would continue using a moving average crossover strategy even on a choppy range bound market condition. This would naturally cause a string of losses because this is not the context…
ImagineGolf/E+ via Getty Images The Trans Mountain pipeline expansion will cost ~C$3.1B more than the Canadian government-owned company running the project previously expected, bringing the total cost to C$34B, ~10% above the most recent estimate, according to a filing Monday with the Canada Energy Regulator. The latest cost increase, due to construction difficulties, marks another setback for the project that was supposed to cost C$5.4B when it was first estimated in 2013. Trans Mountain said in the filing that commencement for firm service contracts with shippers is May 1, a one-month delay from its prior launch date, RBC Capital analysts…
Most Read: US Dollar Forecast – PCE Data Takes Center Stage; Setups on EUR/USD, GBP/USDEUR/USD FORECAST – TECHNICAL ANALYSISEUR/USD saw a slight decline on Tuesday but managed to stabilize above the 1.0835 area, where trendline support intersects with the 200-day moving average. Bulls will have to defend this crucial battleground vigorously; failure to do so could usher in a move towards 1.0725. On further weakness, all eyes will be on the 1.0700 handle.On the flip side, if buyers regain the upper hand and push prices higher over the coming trading sessions, resistance can be identified at 1.0890, near the 50-day…
© Reuters. The corporate logo of the UnitedHealth Group appears on the side of one of their office buildings in Santa Ana, California, U.S., April 13, 2020. REUTERS/Mike Blake/File Photo (Reuters) -The U.S. Department of Justice has launched an antitrust investigation into UnitedHealth Group (NYSE:), the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter. Investigators have in recent weeks been interviewing healthcare industry representatives in sectors where UnitedHealth competes, including doctor groups, the report said. During their interviews, investigators have asked about issues including certain relationships between the company’s UnitedHealthcare insurance unit and its Optum…
Via oilprice.com on twitter:–Expectations I had seen centred on:Headline crude +2.7mn barrelsDistillates -2.1 mn bblsGasoline -1.5 mn–This data point is from a privately-conducted survey by the American Petroleum Institute (API):It’s a survey of oil storage facilities and companiesThe official report is due Wednesday morning US time. The two reports are quite different. The official government data comes from the US Energy Information Administration (EIA):Its based on data from the Department of Energy and other government agenciesWhereas information on total crude oil storage levels and variations from the previous week’s levels are both provided by the API report, the EIA report…
Uncle Sam is about to give an update on the Q4 2023 GDP figures. Are any revisions about to push USD pairs around midweek? Read on for the major points you need to know if you’re planning on trading the release. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
Gold (XAU/USD) AnalysisGold pushes on despite subdued volatility as the dollar and US yields easeGold tracks trendline resistance and tests 50-day simple moving averageThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow How to Trade Gold Gold Pushes on Despite Subdued Volatility as the Dollar and US Yields EaseImplied gold volatility derived from the derivatives market remains subdued and shows little indication of a spike higher. Typically, gold prices rise during periods of elevated volatility and are more likely to peter…
Mind Medicine (NASDAQ:MNMD) is scheduled to announce FY earnings results on Wednesday, February 28th, before market open. The consensus EPS Estimate is -$2.31 and the consensus Revenue Estimate is $0M. Over the last 3 months, EPS estimates have seen 0 upward revisions and 1 downward. Source link