Author: FX
XAG/USD suffers the worst daily decline in months. Price hits the lowest level in five weeks, under pressure after losing key support levels. Gold remains steady, US stocks rise. Silver price is falling sharply on Monday, even as the US Dollar holds relatively steady and despite rising equity prices. XAG/USD recently hit a fresh one-month low at $22.73 before rebounding toward $23.00. During the Asian session, silver hit a five-day high at $24.15 but It failed to hold above $24.00. After moving sideways during most of the European session, XAG/USD broke the $23.60 support area, and tumbled, also losing the…
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FTSE 100, DAX 40 Technical Outlook Recommended by Tammy Da Costa Get Your Free Top Trading Opportunities Forecast Dax futures have recently struggled to maintain the bullish momentum responsible driving the major European index above 15,000. While the FTSE 100 experienced a pullback from its highest level since 2018, Dow futures have continued to threaten resistance.As a weaker US Dollar and rate expectations drive the global equities, rising volatility, sentiment and technical levels could provide an additional catalyst for price action.With fundamentals largely priced in, the below charts illustrate the manner in which historical moves could continue to assist in…
Prior was -0.2%2022 prices over all rose 7.7% overall compared to 10.3% in 2021The flat reading follows three months of declines but it may only be a temporary reprieve, especially if the Bank of Canada Bank of Canada The Bank of Canada (BOC) is the central bank of Canada. It was created in 1934 and is responsible for implementing monetary policy in the country, issuing currency, and promoting a safe and stable financial system.The Bank’s main role is to “promote the economic and financial welfare of Canada,” as defined in the Bank of Canada Act. This includes maintaining the stability…
KEY POINTS: Recommended by Zain Vawda Download Our Latest Q1 2023 Outlook Most Read: Markets Week Ahead: Dow Jones, Nasdaq 100, Canadian Dollar, BoC, AUD/USD, NZD/USDWTI FUNDAMENTAL OUTLOOKCrude Oil enjoyed a bounce following the European open this morning buoyed by a weaker dollar. The Asian session saw WTI struggle in the absence of Chinese traders as markets remain mixed around a potential demand surge following China’s reopening.Oil prices continue to benefit from a softer USD of late as markets come to terms with the potential rate hikes ahead. Before the Fed blackout period began last week, we heard from a…
In forex trading, actively managing open positions is just as important as coming up with your plan. Here are three tips to help you manage your active trades. 1. Stay in touch with the market. Whether you’re a hardcore technical or fundamentals trader, or maybe a little bit of each, you can’t deny that economic reports influence price action. This is why it pays to keep tabs on the events that pose risks to your trades. Some say that the market’s reaction to the news is more important than the news itself. But how can you make the most out of a reaction if…
GBP/USD softened after retesting recent peaks in the mid-1.24 zone. Losses should slow nearer the low-1.23s, economists at Scotiabank report. Cable struggles to get clearly above the 1.2450/60 area “Cable is clearly struggling to get clearly above the 1.2450/60 area that marks the 61.8% retracement of its 2022 decline.” “Losses may extend a little below minor trend support at 1.2365 intraday. The broader technical tone here is positive though so losses should slow nearer the low-1.23s.” “News of a government probe into the Tory party chairman’s tax affairs may be weighing on GBP sentiment at the margin but these sorts of…
GAMMA SQUEEZE TALKING POINTSSome find the gamma squeeze a mysterious concept. This article aims to illuminate the intricacies of the gamma squeeze by covering the following key ideas:What is a Gamma Squeeze?Delta and Gamma Greek Call Table.What causes a Gamma Squeeze and how you can avoid it?Gamma squeeze vs Short squeeze.Gamma squeeze example.What is a Gamma Squeeze?A gamma squeeze is a function of market makers hedging their exposure to negative (short) gamma and negative (short) delta after selling call options on a specific stock. This may all seem confusing so let’s break it down:Delta – this represents the expected change…
AzmanL MannKind (NASDAQ:MNKD) said clofazimine inhalation suspension (MNKD 101) will advance to an adaptive phase 2/3 study. In addition, the company noted that a paper was published in the American Society for Microbiology journal Antimicrobial Agents and Chemotherapy examining the potential of treating nontuberculous mycobacterial (NTM) infection through direct delivery of inhaled clofazimine to the lungs, overcoming the systemic toxicity witnessed in oral treatments. MannKind said direct delivery of clofazimine to the lungs may provide a treatment option for NTM lung disease which potentially overcomes systemic toxicity and lessens side effects. “We are encouraged by the preclinical and Phase 1…
Price of Axie Infinity (AXS) Surges 45% Over the Last 24 Hours Santiment tweeted that network activity for AXS and SLP cooled down.AXS’s price surged a whopping 45% over the last 24 hours.Technical indicators suggest that AXS’s price may continue to climb. The blockchain intelligence firm, Santiment, tweeted today that (AXS) and Smooth Love Potion (SLP) have “come back to earth after address activity slowed down last week.” The post Price of Axie Infinity (AXS) Surges 45% Over the Last 24 Hours appeared first on Coin Edition. See original on CoinEdition Source link