Author: FX
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© Reuters Innoviz Technologies (INVZ) Reiterates Value Proposition in Open Letter to Shareholders Innoviz Technologies Ltd. (INVZ) (“Innoviz”), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today issued an open letter to its shareholders following its recently-completed underwritten public offering of ordinary shares, in which Co-Founder and CEO Omer Keilaf highlights the Company’s strong operational execution and recent customer wins. The full text of the letter follows: Dear Fellow Shareholders, Following our successful capital raise last week, I want to offer additional color on the context and strategy behind the follow-on offering and what…
As with most high-performance endeavors, trading can bring a lot of pressure and stress. Here are some of the common roots of trading anxiety and how you can address them. 1. Unrealistic expectations Most newbie traders fall prey to this idea of a hotshot trader living a baller lifestyle in a penthouse, driving a sports car, and makin’ it rain Benjamins on a yacht. This ain’t an episode of Billions yo! The reality is that, unless you’re running an illegal bucket shop like the Wolf of Wall Street, it takes years or even decades of putting in the work and…
To strengthen coordination of various policies to boost growthTo continue to expand policy room to bolster consumption, promote investmentWill make greater efforts to attract and utilise foreign investmentTo fend off major risksThe cabinet meeting is said to be held amid mounting economic woes in the country. But it just appears to be a bit of a timely message I would say to try and comfort markets and the public. I mean, if you look at the Google trends image below, you can see that there is skyrocketing interest in the Chinese economy all of a sudden. And that isn’t a…
Share: USD/JPY continued to drift higher, taking cues from higher US Treasury yields and USD rebound. Economists at OCBC analyze the pair’s outlook. Intervention risks likely overblown Path of least resistance may be skewed to the upside given USD strength. While there are chatters of the risks of BoJ intervention, it is important to note that policymakers care more about excessive volatility than the level in itself. Beyond the near term, we expect USD/JPY to trade lower on the back of a moderate-to-soft USD profile (as Fed tightening stretches into late cycle and that USD can fall when…
simoncarter London +0.02% UK inflation rate drops to 6.8% in July, lowest since February 2022. Germany +0.18% France +0.32% The pan-European Stoxx 600 (STOXX) was up 0.16%, sectors were spread across positive and negative territory, with retail stocks leading gains and telecom seeing a downturn. Coming up in the session: Eurozone Q2 GDP second estimate at 9:00 GMT; Eurozone Q2 GDP second estimate at 9:00 GMT. In the bond market, the U.S. 10-year Treasury yield was down 3 basis points to 4.18%. Germany’s 10-year yield was down 1 basis points to 2.67%. U.K.’s 10-year yield was up 3 basis points…
CAD/JPY just broke its short-term uptrend! Does this mean that the pair is about to see a reversal? Take a look at the 15-minute chart and tell me what you think! CAD/JPY 15-minute Forex Chart by TV I don’t know if you’ve noticed but CAD/JPY has been making higher highs and higher lows since last week after the pair bounced from the 105.80 zone. This week, the pair’s upswing was supported by a trend line and 100 and 200 simple moving average lines. Not anymore! Not only has CAD/JPY broken below its trend line support, but it’s also now trading…
There aren’t any major ones to take note of for the day. As such, trading sentiment will rely more on the technicals (which are favouring the dollar) and also the broader market mood (which the bond market is still being a key influence).For more information on how to use this data, you may refer to this post here. Source link
Brent crude oil prices are down to the bottom of a short-term rising channel. Will we see a bounce or a break right here? As you can see from the 4-hour chart below, the commodity price has formed higher lows and higher highs connected by an ascending channel that’s been holding since mid-July. Brent Crude Oil (UKOIL) 4-hour Chart by TV UKOIL is now testing support around $84.75 per barrel, which happens to line up with the 100 SMA dynamic inflection point. Now this moving average is above the slower-moving 200 SMA, suggesting that the path of least resistance is…
Share: NZD/USD rebounds after hitting a fresh YTD low in reaction to the RBNZ’s hawkish outlook. A slightly oversold RSI contributes to intraday recovery from descending ternd-channel support. Any subsequent move up is likely to confront a stiff barrier near the 0.6000 psychological mark. The NZD/USD pair stages a modest recovery from the 0.5930 area, or a fresh low since November 2022 touched during the Asian session on Wednesday in reaction to the Reserve Bank of New Zealand’s (RBNZ) hawkish outlook. Spot prices currently trade around the 0.5960-0.5965 region, up 0.20% for the day, and for now, seem…