Author: FX
In forex trading, the initial goal is simple: to trade for another day. Opening an account and putting real money on it is the easy part. The challenge is to stay afloat long enough for you to acquire the skills needed to become consistently profitable. So how do you know when you’re on the right track? Does a negative balance automatically mean that you suck as a trader? How many trades do you think are needed before you HAVE to show profits? Should you panic when you’re on a losing streak? If you freaked out over the questions above, don’t.…
© Reuters. Investing.com — U.S. fell Wednesday after the surprise downgrade of the U.S. government’s credit rating by Fitch hit sentiment, as the quarterly earnings season continued. Here are some of the biggest premarket U.S. stock movers today: Advanced Micro Devices (NASDAQ:) stock rose 2.5% after the chipmaker forecast that the release of its artificial intelligence chips will drive up its annual results, planning to launch its MI300 AI chips later this year. Starbucks (NASDAQ:) stock fell 1.5% after the coffee chain reported disappointing global comparable sales, as demand for its drinks and food showed signs of slowing in North…
AUD/USD daily chartThat marks the lowest level for the pair since 2 June with the latest drop looking to take out the end-June and July low near 0.6600. The fall today owes to a softer risk mood mostly amid safety flows but it has been coming since the middle of last month already.The double-top near 0.6900 is being confirmed with the breaks of the 100 (red line) and 200-day (blue line) moving averages being solidified. That keeps up the more bearish momentum and with the drop below 0.6600, the next target will be the year’s lows near 0.6500.From the fundamental…
Share: Economists at Credit Suisse analyze USD/JPY outlook after the latest BoJ decision. Strong downside surprises for US data could cap upside While our call for unchanged policy we made last week did not work out, we feel vindicated by the ‘spirit’ of both the very modest shift in policy and Monday’s very rapid yield-capping intervention. Our expectation for Q3 is 135-152, and we have seen the 145 level as a natural magnet. If that level were to break, we see little reason for a move to test 150 to not unfold, unless in the meantime there are…
Yo Guppy just broke below a consolidation! Feeling a bit of FOMO from all the anti-risk moves? Here are levels you should watch out for if you’re betting on more losses for the pound and more gains for the yen: GBP/JPY 15-min Forex Chart by TV In case you were too busy plotting your start-of-month trading goals, you should know that credit ratings agency Fitch just downgraded the U.S.’ sovereign credit grade from AAA to AA+. While this won’t give “DEFAULT!!!” vibes, it may limit the demand for U.S. assets and USD. Of course, the news that the world’s largest…
RioCan Real Estate Investment Trust reports Q2 results; reaffirms FY23 guidance Source link
© Reuters. FILE PHOTO: Siemens Healthineers logo in a manufacturing plant in Forchheim near Nuremberg, Germany, October 7, 2016. REUTERS/Michaela Rehle/File Photo (Reuters) – U.S.-German medical device maker Siemens Healthineers on Wednesday reported a drop in quarterly operating profit and free cash flow due to the tailing-off of its rapid COVID-19 antigen test business. Adjusted earnings before interest and taxes (EBIT) fell to 740 million euros ($812.59 million) in the third quarter, below the 773 million euros expected by analysts according to a consensus provided by the company. Free cash flow was down 40% compared with the same quarter last…
Crude Oil, WTI, Brent, Fitch, AA+, US Dollar, Treasuries, HSI, Nikkei 225, Gold – Talking PointsThe crude oil price pressed toward elevated levels as markets recalibratedThe Fitch downgrade dominated price action, but the impact has been disparateIf the risk-off attitude continues, will WTI face headwinds? Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The crude oil price has managed to hold the high ground even though other growth-aligned assets took a hit on Wednesday.The WTI futures contract is a touch above US$ 82 bbl while the…
Where to next, bitcoin? BTC/USD recently fell through its short-term support zone and is now in the middle of a correction to this very same area. Will it hold as resistance this time? Bitcoin (BTC/USD) 4-hour Chart by TV Bitcoin has been on a dive over the past couple of weeks, but it seems to be pulling up for air early this month. Is this merely a correction from the slide, though? The Fibonacci retracement tool reveals that the former support area around the $30,000 major psychological mark is spanned by the 38.2% to 50% levels. A higher correction could…
A snippet on what Deutsche Bank is expecting from the Bank of England:expect a +25bps hike taking the Bank Rate to 5.25%it is a close call between that and +50bpsBeyond next week’s decision, see two more +25bps hikesrate cuts potentially starting from Q2 of 2024—Announcement due at 1100 GMT, which is 0700 US Eastern time: Source link