Author: FX
In the fast-paced world of trading, timing is everything. To make informed decisions and maximize profits, traders rely on various tools and indicators. One such indispensable tool is the Time MT4 Indicator. In this article, we will delve into the depths of this technical indicator, exploring its significance, functionality, and how traders can effectively use it to their advantage. Understanding Time MT4 Indicator The Time MT4 Indicator is a powerful tool that provides traders with essential time-related information within the MetaTrader 4 (MT4) platform. It serves as a clock on your trading chart, displaying crucial time-related data that can significantly…
SlavkoSereda/iStock via Getty Images Crude oil prices tumbled Thursday to their lowest levels since early July on continued concerns over weak global oil demand, following U.S. data confirming that crude stockpiles added 3.6M barrels to the highest level since August, including a build at the key Cushing, Oklahoma, storage hub. On Thursday, U.S. data showed industrial production fell 0.6% in October, another sign of a potentially softening economy that could hurt energy demand Front-month Nymex crude (CL1:COM) for December delivery closed -4.9% to $72.90/bbl, and front-month January Brent crude (CO1:COM) finished -4.6% to $77.42/bbl, their worst settlements since July 6…
© Reuters. FILE PHOTO: A smartphone with a displayed Applied Materials logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Samrhitha A (Reuters) -Applied Materials forecast first-quarter revenue above analysts’ estimates on Thursday, but the company’s shares fell more than 7% after the bell following a report that the semiconductor equipment maker was under investigation. Reuters reported Applied Materials (NASDAQ:) is under U.S. criminal investigation for potentially evading export restrictions on China’s top chipmaker SMIC. The United States has restricted shipments of advanced chips and chipmaking equipment to China for national…
It was a choppy day with no big moves as the market consolidates after some big gains. A flat day for stocks after such larger gains qualifies as a win for the bulls.S&P 500 +0.1%Nasdaq Comp +0.1%Russell 2000 -1.5%DJIA -0.2%The US economic data calendar on Friday is light so the ebb and flow will dominate into the weekend. This article was written by Adam Button at www.forexlive.com. Source link
Share: BABA stock loses 8%, moving below $80. Revenue for the fiscal Q2 misses consensus by $230 million. Management decides against spinning off the cloud business for now. Alibaba issues a $1 annual dividend to holders of ADS shares. Alibaba (BABA) stock has sold off 10%, driving closely to long-term support at $78. The market did not appreciated the Chinese e-commerce leader’s fiscal second-quarter earnings results on Thursday. Alibaba missed the quarter’s sales consensus by $230 million. Management has also decided against spinning off its cloud business due to US semiconductor restrictions. The cash-strong company still introduced a dividend for…
GOLD PRICES OUTLOOKGold prices rally and break above technical resistance in the $1,975/$1,980 areaBullion’s gains are driven by a steep pullback in Treasury yields following disappointing economic dataThis article examines key XAU/USD’s levels worth watching in the coming trading sessionsMost Read: EUR/USD Hits Snag After Breakout, Nasdaq 100 Stalls, Oil Prices at Risk of MeltdownGold prices (XAU/USD) rallied over 1.0% on Thursday, rebounding from a lackluster performance in the preceding trading session, propelled by a significant retreat in U.S. Treasury yields following disappointing labor market data released earlier in the day.Focusing on the catalysts, applications for unemployment benefits for the…
Tom Cooper/Getty Images Entertainment Amazon (NASDAQ:AMZN) on Thursday said that its prototype Project Kuiper internet satellites had achieved a “100% success rate” on their first test mission dubbed “Protoflight.” Amazon (AMZN) in October launched the two satellites – KuiperSat-1 and KuiperSat-2 – into space aboard an Atlas V rocket, and said that they were operating as designed. The company’s Project Kuiper is aimed at increasing global broadband access through a constellation of 3,236 satellites in low Earth orbit. “Every major system and subsystem on board the two prototypes—from flight computers and solar arrays to our propulsion system and advanced radio…
Oil (Brent, WTI) Analysis(EIA) US storage data reveals massive inventory builds as many fear weaker demandSofter economic data continues to flow in for the US (NFP, CPI, retail sales)IG client sentiment offers few clues on potential price path despite net-long positioningThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryBrent Crude Under Even More Pressure After Stock BuildsDelayed and current EIA data for the week ending the 3rd and 10th of November revealed massive increases in crude storage, weighing heavily on the price. Deteriorating economic data…
© Reuters. FILE PHOTO: The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook//File Photo By David Shepardson and Ben Klayman DETROIT (Reuters) -General Motors’ tentative labor deal with the United Auto Workers (UAW) union has clinched ratification, making its workers the first of those at the Detroit Three automakers to approve the agreement. Attention now shifts to ongoing voting at Ford (NYSE:) and Chrysler parent Stellantis (NYSE:), where current margins in favor of the deal suggest the agreement will be approved comfortably.…
EUR/USD Analysis and ChartsEUR/USD jumped this week as US inflation slowed downIt has held most of those gains through Thursday’s sessionKey resistance still eludes the bulls, howeverLearn How to Trade EUR/USD With our Complimentary Guide Recommended by David Cottle How to Trade EUR/USD The Euro has hung on to most of its recent sharp gains against the United States Dollar in Thursday’s trade but has returned some of them as the remainder of this week is short of obvious trading cues, leaving EUR/USD more adrift. The single currency has risen since early October as global markets have started to believe…