Author: FX
Sanofi pushes ahead on adult vaccines with $2.2 billion Dynavax deal Source link
The Canadian Dollar (CAD) holds modest gains against the US Dollar (USD) on Wednesday, even as the Greenback trades firm amid limited movement as markets drift into holiday mode. At the time of writing, USD/CAD is trading around 1.3675, hovering near its lowest level since July 25.Gross Domestic Product (GDP) data released on Tuesday did little to shift sentiment around USD/CAD. Canada’s economy contracted by 0.3% MoM in October, matching forecasts and reversing a 0.2% gain in the prior month. Meanwhile, the preliminary estimate of third-quarter GDP showed the US economy grew at a strong annualised pace of 4.3%, beating…
Gold (XAU/USD) trades on the back foot on Wednesday after surging to a fresh all-time high near $4,526 earlier in the day. Volatility picked up amid thin holiday liquidity ahead of Christmas, encouraging mild profit-taking at elevated levels. At the time of writing, XAU/USD trades around $4,470, up nearly 3% this week.Bullion’s historic rally this year has been nothing short of remarkable, with prices up more than 70% year to date, putting Gold on track for its strongest annual performance since 1979. The rally has been driven by strong safe-haven demand amid persistent geopolitical risks and economic uncertainties, as well…
Quick Summary:Success in Forex isn’t about predicting the win; it’s about defining where you are wrong. This guide covers the 3-step risk process: Defining (Technical levels), Limiting (Position sizing/proximity), and Accepting (Mental edge).A Text That Boosted My Ego (And Proved My Point)A few years ago, at a social gathering, I met someone through a mutual friend who traded Forex. Naturally, we got to talking shop. During the conversation, I hammered home a point I make to anyone who will listen: risk management is the most important aspect of trading.I didn’t hear from her for a long time. But this week,…
Soccer-Martha Stewart joins Snoop Dogg as Swansea minority co-owner Source link
GBP/USD slips slightly as holiday-thinned markets keep trading subduedThe British Pound (GBP) softens against the US Dollar (USD) on Wednesday, with the Greenback finding mild support amid reduced liquidity during the shortened US holiday session. At the time of writing, GBP/USD trades around 1.3500, easing slightly after briefly touching an intraday high near 1.3534, its strongest level since September 19. Read More…Pound Sterling outperforms US Dollar amid firm Fed dovish bets for 2026The Pound Sterling (GBP) revisits the three-month high around 1.3535 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair trades firmly as the Greenback underperforms, with unexpectedly stronger…
Sector OverviewIn today’s market snapshot, the overall sentiment appears cautious with the technology sector exhibiting minor declines. Notably, Nvidia (NVDA) has slipped by 0.64%, leading the sector’s retreat. Meanwhile, Oracle (ORCL) marked a decrease of 0.38%.Conversely, the consumer cyclical sector offered a beacon of positivity, with Tesla (TSLA) gaining 0.76%. The consumer defensive sector, including stalwart Walmart (WMT) and Costco (COST), also showed slight upward movements, up by 0.25% and 0.67% respectively.Market Mood and TrendsThe day’s market mood reflects a mixed bag, heavily characterized by sector-specific dynamics rather than an overarching market trend. The modest downturn in tech, particularly among…
Nvidia (NVDA) is trading around $189, attempting to bounce from its brutal December selloff, but the technical picture reveals a more concerning story than the price action alone suggests. The semiconductor giant is now trapped within a descending channel that began at the November highs near $212, with multiple layers of resistance overhead threatening to cap any recovery attempt. Now the question is: Can NVDA break free from its bearish channel structure and reclaim $195, or will the combination of overhead resistance and extreme overbought momentum send the stock spiraling back toward $170? NVDA (Nvidia): 4-Hour Chart Trend and Structure…
Rivian Automotive (RIVN), the electric vehicle manufacturer focused on adventure-oriented trucks and SUVs, has staged an impressive comeback from its December lows. But the real test for bulls lies directly ahead, where three distinct resistance levels are now stacked like hurdles on a track.Trading at $21.38 after pulling back 2.62% today, RIVN finds itself in an intriguing spot. The stock has climbed roughly 65% from its mid-December base around $12-13, a rally that’s caught the attention of momentum traders and EV enthusiasts alike. What strikes me here is the clarity of the resistance structure overhead—three well-defined levels that tell us…
Oklo Inc. (OKLO) has become a favorite for investors looking to play the intersection of advanced nuclear technology and the massive power demands of AI data centers. Their fast fission reactors are a compelling story, but the fundamental timeline remains a major hurdle. As of today, Oklo has zero operational plants. Furthermore, management doesn’t expect to have a plant online until late 2027 or early 2028. This leaves the company with a multi-year gap where no continuous revenue is being generated, making the stock highly sensitive to technical shifts and market sentiment.When we look at the daily chart, the technical…