Author: FX

Andreus SpaceX (SPACE) has launched its initial six satellites earmarked for a “direct to cell” mobile phone service effort it’s testing with T-Mobile (NASDAQ:TMUS). SpaceX noted late Tuesday night that its Falcon 9 rocket launched 21 Starlink (STRLK) satellites into orbit, including six that featured the “direct to cell” capabilities intended to operate something like a cellular tower in space. The initial plan looks to enable text messaging in remote areas lacking strong or any cellular signal, while it also aims toward voice and data connections in the future. Alongside the partnership’s summer 2022 announcement, SpaceX chief Elon Musk said…

© Reuters. FILE PHOTO: Pump jacks of Wintershall DEA are pictured in Emlichheim near the northern German city of Meppen, Germany, March 9, 2022. REUTERS/Fabian Bimmer/File Photo By Natalie Grover and Noah Browning (Reuters) -Oil prices rose more than a $1 a barrel on Wednesday after reports of a disruption to Libya’s top oilfield added to supply concerns emanating from tensions in the Red Sea. was up $1.34 or 1.8% at $77.23 a barrel by 1450 GMT, while U.S. West Texas Intermediate crude futures rose $1.29 or 1.8% to $71.67 a barrel. Protests have forced a partial reduction in output…

Bitcoin (BTC) Prices, Charts, and Analysis:Bitcoin slumps as report suggests SEC will reject all ETF proposals in January.Leveraged long positions wiped out. Recommended by Nick Cawley Get Your Free Introduction To Cryptocurrency Trading A bearish report by crypto financial services company Martixport is said to be behind the sharp sell-off in Bitcoin. The report suggested that despite all the recent meetings between ETF applicants and SEC staff, and subsequent amendments, all applications will fall short of SEC requirements and will be denied in January. The report added that these requirements may be fulfilled by Q2 2024.Bitcoin (BTC/USD) 15 Minute Price…

These days, you’re probably seeing a lot of bitcoin billionaires and TikTok investors buying mansions and Lambos from their trading profits. For simpler folks such as myself, having the freedom and flexibility that comes with full-time trading already sounds like a pretty sweet deal. Imagine being able to ditch a 9-to-5 job while staying at home, watching the markets for a few hours, trading in pajamas, and doing whatever you want for the rest of the day. If that ain’t living the dream, then I don’t know what is! But is it really possible to make a living from trading…

In the ever-evolving world of financial markets, traders are constantly on the lookout for tools and strategies that can help them make informed decisions and maximize their profits. One such tool that has gained significant popularity among traders is the ADX Buy Sell MT5 Indicator. In this article, we will delve into the intricacies of this indicator, explaining what it is, how it works, and how traders can effectively use it to enhance their trading endeavors. Understanding the ADX Indicator What is ADX? The ADX, or Average Directional Index, is a technical indicator used in financial markets to gauge the…

The last two months can be characterised by the theme of sell the dollar, buy everything else. Upon coming back to the new year yesterday, we got a treat of the opposite. And then in trading today, we’re seeing more of the same once again. It’s hard to read into opening week flows at times but what if the price action we’re seeing is no fluke?Are market players starting to realise that they have brought the euphoria a little too far at the end of last year?Looking at broader markets today, the dollar is higher while almost everything else is…

Share: Gold price pares intraday gains as bets in favour of early rate cuts by the Fed drop slightly. Action in the FX domain could turn volatile as FOMC Minutes and Manufacturing PMI are due for release. The US Dollar Index recovers as upbeat sentiment-based rally pauses. Gold price (XAU/USD) surrenders gains generated in the early Asian session amid caution ahead of the Federal Open Market Committee (FOMC) minutes and crucial data from the United States, namely  the Institute for Supply Management (ISM) Manufacturing PMI for December and JOLTS Job Openings data for November.  The precious metal faces…

GBP/USD, EUR/USD Prices, Analysis and ChartsJOLTs, ADP, and NFP reports released this week.How dovish was Fed Chair Powell at the last FOMC meeting?Download our Brand New Q1 US Dollar Forecast Below!! Recommended by Nick Cawley Get Your Free USD Forecast The US dollar is keeping hold of most of Tuesday’s gains as expectations of an aggressive series of US rate cuts are pared back. Going into the end of 2023, CME Fed Fund probabilities at one stage showed markets expecting 175 basis points of rate cuts this year with the first move seen in March. This has now been reduced…

Electrovaya reports Q4 results Source link

In case you missed it, the U.S. dollar dominated yesterday’s trading as some traders cooled down their Fed interest rate cut bets. Other market players also priced in global growth concerns especially as geopolitical tensions escalate in the Middle East following Iran’s release of a warship to the Red Sea. USD gained a few pips on fellow safe haven CHF, enough to push USD/CHF to a key technical resistance zone. 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…