Author: FX
Most of us perceive that keeping a cool head in the midst of a large drawdown is the key to becoming consistently profitable. Keeping track of your forex trading performance and emotions when you’re winning is just as important. You wouldn’t want to lose your mojo while you’re on a winning streak, would you? If you answered “NO,” then you better watch for signs of being overconfident. See, there’s nothing like a string of winners to make a trader feel like he or she can’t make mistakes. Overconfidence is usually characterized by an exaggerated belief in one’s own trading skills. Now, don’t get me…
© Reuters. SAN DIEGO – Belite Bio, Inc (NASDAQ: BLTE), a biopharmaceutical company, has recently completed the enrollment for a pivotal global Phase 3 trial of its drug Tinlarebant, targeted at treating Stargardt Disease (STGD1), a genetic eye disorder. The trial, known as DRAGON, includes 104 adolescent subjects across 11 countries, with interim results expected in the fourth quarter of 2024. The company also announced its submission to the Pharmaceuticals and Medical Devices Agency (PMDA) in Japan to initiate a clinical trial named DRAGON II. This trial will assess the drug’s pharmacokinetics and pharmacodynamics in Japanese adolescent subjects with STGD1…
GBPUSD on the 4 hourly chart looking bearishThe GBP/USD currency pair, often dubbed the “Cable”, has shown some dramatic moves on the chart lately. Here’s a breakdown of the latest price action and what traders are talking about:Trending Downward: The chart showcases a notable drop in the value of the British Pound against the U.S. Dollar. This move signifies a bearish momentum in the near term. ?Technical Indicators Signal “Sell”: The technical analysis widgets on the screen are leaning towards a strong sell, suggesting that the downward trend may continue. ?Resistance Turned Support Breached: The chart indicates a previous resistance…
US Dollar Index Price and AnalysisUS The dollar index prints a fresh one-month high.Sterling continues to re-price lower after Thursday’s dovish BoE meeting.For all major central bank meeting dates, see the DailyFX Central Bank Calendar Recommended by Nick Cawley Traits of Successful Traders The Bank of England looks set to join the Federal Reserve and the European Central Bank in lowering borrowing costs in June with a global rate-cutting cycle looking set to dominate financial markets over the coming months. The Swiss National Bank jumped the gun yesterday, unexpectedly cutting its borrowing rate by 25 basis points to 1.5%. The…
Australian Dollar extends losses amid an improved US Dollar on Friday. The decline in the ASX 200 could have undermined the Australian Dollar. S&P Global Manufacturing PMI rose to 52.5 against the expected 51.7 and 52.2 prior. The Australian Dollar (AUD) depreciates for the second consecutive session on Friday, as the US Dollar (USD) strengthened following mixed S&P preliminary Purchasing Managers Index (PMI) data and robust weekly Jobless Claims from the United States (US). The Australian Dollar receives downward pressure from the decline in the ASX 200 Index. The Australian equity market experienced losses, particularly in energy and consumer stocks,…
Outlook: Charle Gamba, President and CEO of Canacol, stated: “As we previously stated, the corporation’s long-term plan is focused on i) maintaining and growing our reserve base and production from our core assets in the Lower Magdalena Valley Basin, targeting the full use of existing transportation infrastructure; ii) exploring high impact exploration opportunities in the Middle Magdalena Valley Basin; iii) strategic entrance into the gas market in Bolivia, and iv) continue to develop and improve in the area of ESG.” Source link
© Reuters. A Japanese 1,000 yen banknote and Chinese 100 yuan banknotes are seen in this picture illustration in Beijing, China, January 21, 2016. REUTERS/Jason Lee/File photo A look at the day ahead in European and global markets from Rae Wee Markets have been betting on a dollar downturn for months on the view that U.S. rates would eventually have to fall at some point this year. Until now, that has been wishful thinking. The yen and the yuan were the latest to fall prey to a resurgent dollar on Friday, with the Japanese currency slipping deeper into intervention territory…
GBP/CAD can’t seem to make new lows below a key technical support! Will this lead to the pair extending its 2024 uptrend? Today’s 4-hour chart may give us more clues! GBP/CAD 4-hour Forex Chart by TradingView In case you missed it, the British pound took hits after the Bank of England (BOE) gave us a “dovish hold” where two voting members who previously voted to raise interest rates now favor keeping interest rates at 5.25%. Meanwhile, sticky high Canadian inflation and a bout of risk-taking took commodity-related currencies like CAD higher than their major counterparts. Will the tides change again…
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…
The Japanese Yen edges higher following the release of Japanese consumer inflation data. The uncertainty over the BoJ’s future policy steps keeps a lid on any further positive moves. A modest US Dollar downtick exerts some pressure, though the downside remains limited. The Japanese Yen (JPY) witnessed a dramatic intraday turnaround on Thursday and dived closer to the YTD low touched the previous day. However, it lacked follow-through amid the uncertainty over the Bank of Japan’s (BoJ) future policy steps. In fact, the central bank indicated earlier this week that financial conditions would remain accommodative and fell short of offering…