Author: FX
© Reuters. A boy waits in line at a health insurance enrollment event in Cudahy, California March 27, 2014. REUTERS/Lucy Nicholson/File Photo (Reuters) – More than 15.3 million Americans have signed up for health insurance under the Affordable Care Act (ACA) for 2024, a 33% increase from this time last year, according to data released by the Centers for Medicare & Medicaid Services on Wednesday. The Biden-Harris Administration said preliminary data also projects that over 19 million people will enroll in 2024 through the ACA marketplace. People who want to choose a healthcare plan for 2024 under the ACA, also…
GBPUSD falls to support target.The GBPUSD has moved lower in trading today after better-than-expected inflation data sent UK yields lower and the GBPUSD lower as well. The UK CPI YoY came in at 3.9% which is still well above the 2% target but was much lower than the 4.3% estimate and 4.6% last month. The core came at 5.1% vs 5.6% estimate and 5.7% last month. Again still high but lower-than-expected.Technically, the GBPUSD tumbled to a low of 1.26288 which did crack below the 100 bar MA on the 4-hour chart at 1.2636 (see blueline in the chart), but fell…
With only a few days left until the end of 2023, it’s time for forex traders to close up shop. So, how exactly do you wrap up your trading year so that you’ll be ready to hit the ground running when the new year starts? Here are four simple steps: 1. Review your trading journal and metrics Just because you may have ended the year with profits doesn’t mean you’ll end up with profits again next year. In order to keep on doing what’s working and stop doing what isn’t, you have to review your trading journal. With your journal, you…
Gold (XAU/USD) Price, Analysis and ChartThe latest US inflation will steer gold going into 2024.Gold continues to test resistance, 20-dsma acting as near-term support.Learn How to Trade Gold with our Complimentary Guide Recommended by Nick Cawley How to Trade Gold The technical outlook for gold is looking increasingly positive as we near the last major data event of 2023, the Fed’s preferred measure of inflation, Core PCE. This Friday’s release is expected to show the November Core PCE Price Index (y/y) slip to 3.3% from 3.5% in October, while the PCE Price Index (y/y) is expected at 2.8% from a…
Share: The BRL has done well this year to rally 7.7% on spot basis vs. USD. Economists at Société Générale analyze USD/BRL technical outlook. Right shoulder near 4.97 must be overcome to negate the Head and Shoulders formation The pair is now close to crucial graphical level of 4.84 which is also the neckline of Head and Shoulders. Break below this support would confirm the pattern and denote an extended decline towards 4.78 and July low of 4.73/4.69. The right shoulder near 4.97 must be overcome to negate the formation. Source link
In the fast-paced world of financial markets, traders and investors are constantly seeking tools and strategies to gain an edge. One such tool that has gained popularity among traders is the Camarilla Pivots MT4 Indicator. In this article, we will delve into what this indicator is, how it works, and how it can be a valuable asset for traders looking to make informed decisions in the dynamic realm of forex and stock trading. What Are Camarilla Pivots? Camarilla Pivots, often referred to as Camarilla levels, are a set of support and resistance levels used by traders to identify potential price…
Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, S&P 500 Analysis and ChartsFTSE 100 tries to reach its September peakThe FTSE 100 is on track for its third straight day of gains and has overcome its 7,702 October high while on its way to its near three-month high at 7,725 as UK inflation comes in much lower than expected in November at 3.9% versus a forecast 4.4% and 4.6% in October. Core inflation dropped to 5.1% versus a forecast of 5.6% and a previous reading of 5.7%.Above 7,725 beckons the September peak at 7,747.Potential slips should find…
J2R Telefónica (NYSE:TEF) stock rose on Wednesday after the Spanish government announced plans to acquire a stake which could be worth more than €2B ($2.2B), countering a stake that Saudi Arabia’s built in the telecommunications company, Bloomberg News reported. The Spainish company’s shares surged about 4.18% to €3.714 on the Madrid Stock Exchange on Wednesday. The stock gained as much as 7.2%, the largest intraday jump since Jan. 2021. However, on the NYSE the stock has dipped about 3% premarket. Sepi, the Spanish government’s investment arm, will acquire about 10% of Telefonica’s stock to provide “greater shareholder stability” and protect…
KYIV (Reuters) – Russia launched its fifth air attack this month targeting Kyiv and air defence systems destroyed all drones on approach to the capital, Ukrainian military officials said early on Wednesday. Ukraine’s Air Force said air defence systems destroyed 18 out of 19 attack drones launched at Kyiv, Odesa, Kherson and other regions of Ukraine. It was not immediately clear how many were destroyed over Kyiv. “According to preliminary information, there were no casualties or destruction in the capital,” Serhiy Popko, head of Kyiv’s military administration, said on the Telegram messaging app. The Ukrainian air force also said that…
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