Author: FX
© Reuters. FILE PHOTO: Bottles of prescription painkiller OxyContin, 40mg, 20mg and 15mg pills, made by Purdue Pharma L.D. sit on a counter at a local pharmacy, in Provo, Utah, U.S., April 25, 2017. REUTERS/George Frey/File Photo By John Kruzel and Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court on Monday grappled with a challenge by President Joe Biden’s administration to the legality of OxyContin maker Purdue Pharma’s bankruptcy settlement, a deal that if approved would shield its wealthy Sackler family owners from lawsuits over their role in the country’s opioid epidemic. Purdue’s owners under the settlement would receive immunity…
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…
If you’re a fan of self-improvement books like I am, then I’m sure you’ve heard of the book “Atomic Habits” by James Clear. In case you haven’t or if you’re not sure how it all applies to trading, I’ve rounded up some helpful nuggets that you can put into practice. You see, the book is a practical guide on how to be consistent about making changes for the better, with the goal of having these tiny habits compound into significant results. Here are some key concepts to keep in mind: 1. Small habits, big difference More often than not, we…
In the dynamic world of trading, every tool at your disposal can make a significant difference. One such tool that has garnered attention in recent years is the RSI Trend Catcher Signal MT4 Indicator. This article aims to provide you with a comprehensive understanding of this indicator, its functionality, and how to incorporate it into your trading strategy. Understanding RSI The Relative Strength Index (RSI) is a well-known technical indicator used by traders to assess the strength and momentum of a price trend. It oscillates between 0 and 100, with readings above 70 indicating an overbought condition and readings below…
Share: The Pound trades sideways after failing to break 1.2730. Traders are cautious ahead of a string of key US data this week. The broader positive trend remains intact. The Pound is moving sideways, without a clear direction on Monday, after having failed to extend gains above 1.2760 amid a somewhat stronger US Dollar.Investors have grown more cautious on Monday after the risk rally witnessed on Friday. With a string of US indicators ahead ending with the Nonfarm Payrolls report on Friday, investors are looking for more data to assess the Fed’s next steps.Beyond that, the deteriorating…
Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, S&P 500 – Analysis and Charts Recommended by IG Top Trading Lessons FTSE 100 comes off six-week highThe FTSE 100 is seen coming off last week’s six-week high at 7,543 as investors await more data this week to guide the economic and monetary policy outlook.The 55-day simple moving average (SMA) at 7,492 may be revisited, together with the early November high at 7,484. While Friday’s low at 7,466 underpins, the recent overall upside pressure should remain intact. Failure there would put the major 7,384 to 7,369 September, early October,…
Spencer Platt/Getty Images News Spotify Technology (NYSE:SPOT) is laying off about 17% of its workforce to reduce costs, marking the third round of layoffs for the company this year. In January, the music streaming service provider said that it was cutting nearly 6% of its workforce, while in June the company announced that it was laying off about 200 employees (nearly 2% of its headcount) in its global podcast division. The latest round of cuts will affect about 1,500 people, according to media reports. In a letter to employees, Spotify CEO Daniel Ek said that in 2020 and 2021 the…
© Reuters. The proposed merger between Zee Entertainment Enterprises Limited (ZEEL) and Sony (NYSE:) Pictures Networks India has encountered a legal hurdle as IDBI Trusteeship Services Limited (ITSL) appeals against the National Company Law Tribunal’s (NCLT) approval of the deal. ITSL is contesting on grounds that Subhash Chandra, Zee’s founder, breached a personal guarantee from 2019, seeking over Rs. 500 crore ( Rs 1 crore = $119,982.20) in repayment. The National Company Law Appellate Tribunal (NCLAT) received ITSL’s appeal on Friday, which specifically targets Chandra for not fulfilling a personal guarantee linked to Essel Infraprojects Limited (EIL) debentures amidst the…
If you’ve read the latest Global Market and FX Weekly recaps, then you’ll know that AUD has benefited from a risk-friendly trading environment as well as hawkish inflation and RBA speeches in the last few days. Meanwhile, the British pound mostly took cues from its countercurrencies as not even hawkish statements from BOE members kept GBP bears from pricing in uncertain growth trajectories in the U.K. compared to the other major economies. GBP/AUD, which traded inside a range for most of last week, broke below its 1.9050 range support and hit the 1.9000 psychological handle before GBP bulls stepped in.…
It’s the first full trading week of the month and you know what that means – it’s NFP week, yo! Which calendar events are traders most looking forward to and what are they expecting from the releases? Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the calendar this week: Source link