Author: FX
I usually encounter a lot of questions regarding the ideal amount of capital you should put in forex trading. On one hand, I recommend risking money that you can afford to lose. On the other hand, there are plenty of risks associated with being undercapitalized. You see, once you step into live forex trading, the way you look at capitalization will never be the same. Forex trading is now a business – YOUR business. This means that you are the manager and just like in any other business, you need to have a business plan. You need to know what you’re going…
tbradford/iStock Unreleased via Getty Images Lenovo (OTCPK:LNVGY) (OTCPK:LNVGF) said it reached an annual AI infrastructure revenue of over $2B and noted that it will invest an additional $1B over three years to boost artificial intelligence (AI) deployment for businesses globally. The investment will expand the company’s AI-ready portfolio of smart devices, infrastructure solutions and services to help boost innovation, enabling the use of generative AI and delivering cognitive decisions at scale across remote locations in financial, manufacturing, healthcare, retail and smart city applications. As part of the investment, Lenovo is committing $100M to grow the Lenovo AI Innovators program, which…
In case you missed it, market players believe that the Fed would “skip” from raising its interest rates in June after deciding on rate hikes every decision day since March 2022. The markets’ dovish bias was further supported by yesterday’s U.S. inflation reports, which showed headline inflation slowing down from 4.9% y/y to a cool 4.0% y/y. Will it mean losses for USD and gains for major counterparts like EUR? EUR/USD 1-hour Forex Chart by TV EUR/USD just turned lower from the R1 (1.0800) of the 1-hour chart’s Standard Pivot Points, and now the pair is heading for a trend…
The OPEC+ seems to be intentioned to maintain oil prices above the $70 mark, but even with the Saudi Arabia additional voluntary production cut of 1 million barrels per day (bpd) beginning in July, with the possibility of extension based on market conditions, and the other members of OPEC+ extending their production cuts throughout 2024, oil prices keep falling. While the OPEC+ supply cuts may generate short-term spikes, it looks more and more evident that we are in a recessionary cycle, and the demand side is influencing heavily the oil market. The last surprising production cut back in April was…
Share: USD/CHF remains sidelined within the key DMA envelope amid pre-Fed inaction. Clear downside break of previous support line, U-turn from multi-day-old resistance underpin bearish bias. Looming bear cross on MACD adds strength to the downside hopes. Swiss Franc bears need acceptance beyond 0.9130 to keep the reins. USD/CHF aptly portrays the pre-Fed anxiety as it makes rounds to 0.9050 heading into Wednesday’s European session. In doing so, the Swiss Franc (CHF) pair dribbles between the 50-DMA and the 100-DMA while paring the weekly gains of late. It should be noted that the impending bear cross on the…
Here’s one for the gold bugs out there! The precious metal is back in consolidation mode, and it looks like a breakout is due soon. On the hourly time frame below, you can see that XAU/USD formed lower highs and found support around $1,940 to create a descending triangle pattern. Gold (XAU/USD) 1-hour Chart by TV Price is currently testing the triangle support once more, still deciding whether to make another bounce to the resistance or go for a break lower. Note that this floor has been holding for more than a couple of weeks already, so gold bulls might…
Market RecapMajor US indices continue to add to recent gains overnight (DJIA +0.43%; S&P 500 +0.69%; Nasdaq +0.83%), as further cooling in US inflation reflects some degree of success in policy moves thus far and provides room for the Federal Reserve (Fed) to put on some wait-and-see at the upcoming Federal Open Market Committee (FOMC) meeting. An almost-certain 90% probability that rates will be put on hold this week is being priced by the Fed Funds futures, although expectations still largely lean towards a 25 basis-point (bp) upward adjustment in rates in July.A 0.4% increase in core inflation from the…
© Reuters. FILE PHOTO: Gasoline pumps with Shell’s logo are seen at a petrol station in South East London, Britain, February 2, 2023, REUTERS/May James (Corrects paragraph 1 to say prices inched lower not higher) By Arathy Somasekhar (Reuters) -Oil prices inched lower on Wednesday after industry data showed an unexpected rise in stocks, signalling weak demand to markets already worried about recession and disappointing Chinese economic data. futures eased 27 cents, or 0.4%, to $74.01 a barrel by 0019 GMT. U.S. West Texas Intermediate (WTI) crude was at $69.13 a barrel, down 29 cents, or 0.4%. Both benchmarks climbed…
David Becker/Getty Images Entertainment Microsoft’s (NASDAQ:MSFT) planned $69 billion acquisition of Activision was temporarily blocked by a federal judge after a Federal Trade Commission request on Monday. A federal judge in San Francisco granted the FTC’s request for a temporary restraining order to block Microsoft (MSFT) from completing its purchase of videogame giant Activision, according to a court filing late Tuesday. An evidentiary hearing on on the preliminary injunction is scheduled for June 22 and June 23. The FTC made the request for the temporary block and a preliminary injunction on Monday out of concern that Microsoft (MSFT) planned to…
This is based on the probabilities of changes to the Fed Funds rate and U.S. monetary policy, as implied by 30-Day Fed Funds futures pricing data.For the June meeting, later today on Wednesday, 14 June 2023 its showing 100% for no change, for Fed Funds to stay in the 5 – 5.25% range. The July meeting, however, is still very much live at this stage:By the time the July meeting comes around we’ll have had another CPI reading for the US. This is likely to show inflation falling further, so I expect that pricing will move towards another ‘no change’…