Author: FX
The Goldman Sachs proprietary “Panic Index” is a two year rolling percent measure across four equity vol metrics. Its sitting basically at zero.Goldman Sachs Group Inc. Managing Director Scott Rubner wrote in a report: there are “no longer any bears left” Add this in also, Goldman’s Sentiment Indicator points to stretched positioning in equities:This from earlier is not something you see at a market bottom either:BMO launches game-changing 4X Leveraged ETNs linked to S&P 500 This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Share: EUR/USD attracts some sellers around 1.0795 in early Wednesday. November’s Eurozone Composite PMI arrived at 47.6 vs. 47.1 prior, above the market consensus of 47.1. US ISM Services PMI for November came in better than expected, rising to 52.7 from 51.8 in the previous reading. Investors await the Eurozone Retail Sales and US ADP private employment data. The EUR/USD pair remains under selling pressure below the 1.0800 psychological mark during the early Asian session on Wednesday. The upbeat Eurozone PMI data for November failed to inspire the Euro (EUR) amid the persistently weak demand in the Eurozone.…
In the ever-evolving world of financial markets, traders and investors are constantly seeking tools and strategies to gain an edge in their decision-making processes. One such tool that has gained popularity among traders is the Linear Regression Channel MT4 Indicator. In this article, we will delve into the intricacies of this indicator, exploring its uses, advantages, and how it can be effectively incorporated into your trading strategy. What Is the Linear Regression Channel MT4 Indicator? To grasp the essence of this indicator, it’s essential to understand what linear regression is. Linear regression is a statistical method used to model the…
NASDAQ 100, GOLD PRICES (XAU/USD) FORECAST:The Nasdaq 100 rose modestly on Tuesday, supported by falling U.S. Treasury yieldsDespite the pullback in rates, gold prices trended slightly lower during the trading sessionAttention will be on the U.S. nonfarm payrolls later in the week Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: US Dollar Setups – USD/JPY Gains as GBP/USD Trends Lower, AUD/USD HammeredThe Nasdaq 100 rebounded modestly on Tuesday following a subdued performance at the start of the week, supported by a significant drop in…
Hailshadow PTC Therapeutics (NASDAQ:PTCT) said it has submitted a briefing document to support renewal of its conditional approval for Translarna in Europe and plans to meet with the FDA in Q1 2024 to discuss the potential filing of a market application for US approval. The biotech company said it submitted the briefing document to EU regulators as part of a reexamination of a negative opinion on the drug by the Committee for Medicinal Products for Human Use, or CHMP. The reexamination is expected to last until late January, after which CHMP will provide an opinion. The opinion would then be…
Volatility for the Loonie is likely to explode this week, making this uptrend consolidation pattern on NZD/CAD one to watch for the short-term. What kind of technical setups are there to keep an eye on once the Canadian dollar gets moving? NZD/CAD: 4-Hour NZD/CAD 4-Hour Forex Chart by TradingView If you haven’t yet heard, the Bank of Canada is giving their latest monetary policy statement, potentially bringing in a lot of action to the Canadian dollar this week. Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your fundie…
© Reuters. FILE PHOTO: AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration//File Photo LONDON (Reuters) – Britain proposed new age-check guidance on Tuesday to protect children from accessing pornography online, including a suggestion to use AI-based technology to see if a viewer looks to be of legal age. The government’s newly passed Online Safety Act requires sites and apps that display or publish pornographic content to ensure that children are not normally able to encounter pornography on their service. The legal age to watch porn in Britain is 18 or…
WTI crude oil settled down by 72-cents to $72.32 today.It fell as low as $72.17, which was just a cent above the November low. The settlement today is the lowest since July.It was a choppy session as oil bounced from the November low and got some support from higher Saudi-grade pricing and positive comments on extending the OPEC deal from Russia’s Novak.Still, that wasn’t enough to spark any kind of sustainable rally as oil fell for the fourth day. A break of the November lows would squarely target the summer lows near $68. Source link
Share: Mexican Peso stages a comeback but faces strong support as USD/MXN hovers above the 100-day SMA. Mexico’s Thursday inflation report could thwart the Bank of Mexico’s easing plans. USD/MXN traders are eyeing important US jobs data ahead of the important Nonfarm Payrolls on Friday. Mexican Peso (MXN) staged a recovery on Tuesday after registering earlier loses against the US Dollar (USD) in the North American session after the USD/MXN briefly tested the 200-day Simple Moving Average (SMA), a critical resistance level. Nevertheless, the pair reversed its course and is trading in the red, at around 17.37, losing…
Corebridge Financial files for automatic mixed shelf offering Source link