Author: FX
Justin Sullivan/Getty Images News Meta Platforms (NASDAQ:META) will appeal the decision by the European Commission to list its Messenger and Marketplace services as “gatekeepers” as part of the continent’s Digital Markets Act. “This appeal seeks clarification on specific points of law regarding the designations of Messenger and Marketplace under the DMA,” a spokesman said, according to Reuters. “It does not alter or detract from our firm commitment to complying with the DMA, and we will continue to work constructively with the European Commission to prepare for compliance.” The Mark Zuckerberg-led company said Marketplace is a consumer to consumer service and…
US DOLLAR, USD/JPY, GBP/USD, AUD/USD OUTLOOKThe broader U.S. dollar regains ground after Tuesday’s selloffDespite today’s moves, the path of least resistance may be lower for the greenback, especially against some of its top peersThis article delves into crucial technical levels to monitor for USD/JPY, GBP/USD, and AUD/USD 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 in Freefall After US CPI, Setups on EUR/USD, GBP/USD, Nasdaq 100, GoldThe U.S. dollar, as measured by the DXY index, inched higher on Wednesday, up about 0.25%…
© Reuters. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. REUTERS/Brendan McDermid/File Photo By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S.-listed exchange traded funds focused on China are seeing bullish options activity as investors await U.S. President Joe Biden’s meeting with Chinese leader Xi Jinping on Wednesday for signs of easing friction between the two superpowers. Some of the bullish positions included call options on the Xtrackers Harvest CSI 300 China A-Shares ETF with a $27 strike price – some 6% higher than where the fund trades…
As the trading gets underway in the US, the major US indices are higher, but off their implied premarket starting levels.A snapshot of the market 11 minutes into the open is showing:Dow industrial average up 86.39 points or 0.25% at 34914.10S&P index up 14.57 points or 0.32% at 4510.28NASDAQ index up 55.52 points or 0.39% at 14149.90Russell 2000 is up 8.96 points or 0.50% at 1807.07. Yesterday that index led the charge with a gain of 5.44%. It has been the lagging index in 2023.Looking at the US yield curve, higher yields are helping to contribute to a slower opening…
Share: WTI Oil trades in the red after a volatile session on Tuesday. The US Dollar is trading in another universe after a substantial devaluation. Oil upticks are still to be factored in, while the overall downside is the most probable outcome. Oil prices are in the red just ahead of the Producer Price Index numbers and US Retail Sales, after crude briefly tried breaking $80.00 on Tuesday. The drop in US inflation numbers trembled the markets and saw equities and bond prices soaring substantially higher. Oil traders this Thursday will for sure be asking themselves if Crude…
We here at BabyPips.com believe that proper position sizing is THE single most important skill a forex trader should have. Yup, that’s right – it’s THAT critical! But before we get down and dirty with the details of position sizing, let’s define it first. What is proper position sizing? Simply put, proper position sizing means setting the correct amount of units to buy or sell an asset. In other words, it involves finding the position size that will keep you within your risk comfort level. Why is it so important? Proper position sizing is a key element in risk management. Risk management can determine whether…
In the fast-paced world of financial markets, traders are constantly seeking an edge to maximize their profits. The Dark Point MT4 Indicator is one such tool that has garnered attention for its ability to assist traders in making informed decisions. In this article, we will delve into the intricacies of this indicator, shedding light on how it works and why it has become a popular choice among traders. What Is the Dark Point MT4 Indicator? Before we delve into the technical details, let’s start with the basics. The Dark Point MT4 Indicator is a powerful technical analysis tool designed to…
Global Bond Yield AnalysisUS and UK price pressures slow down.Interest rate forecasts point to a series of cuts next year.DailyFX Economic CalendarThe bond market is back in the headlines again as global yields slumped yesterday after the release of the latest US inflation report. While Tuesday’s US CPI report showed both readings falling just 0.1% below forecasts, the effect on the US Treasury market, and the dollar, was marked.The yield on the rate-sensitive UST 2-year fell by 20 basis points to 4.85%, the UST 10-year shed 18 basis points, while the UST 30-year fell by 15 basis points on the…
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Crypto exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to facilitate round-the-clock trading of segregated assets to push institutional adoption of digital assets forward. According to OKX, CoinShares will trade on the OKX exchange, while Komainu, a third-party custody provider, holds the collateral assets. This is done to mitigate counterparty risks, such as the other party failing to fulfill its part of the deal in a trading transaction. Continue Reading on Cointelegraph Source link