Author: FX

Many traders aim to take trades at the beginning of a fresh trend and exit at or near the end of the same trend. One of the types of trading strategies that allow for such type of trading result is a trend reversal trading strategy. Trend reversal strategy is a type of trading strategy wherein as a trend ends traders anticipate a fresh trend in the opposite direction of the prior trend. Traders then aim to enter the trade near the start of the trend and exit near the end of the trend. Given the nature of a trend reversal…

Is that a reversal formation being completed on the 4-hour chart of EUR/NZD? If so, then the pair might be in for a downtrend later on. Better keep your eyes on these levels if you want to catch a big move! EUR/NZD 4-hour Forex Chart by TV It looks like euro bulls are getting exhausted from charging! EUR/NZD is forming a head and shoulders pattern on its 4-hour chart, with the pair already getting ready to test the neckline. A break below this support zone around the 1.7200 major psychological level could set off a drop that’s at least the…

US Dollar, DXY, Debt Ceiling Deal Bets, Jobless Claims – Briefing:US Dollar on course for best 2-week gain since SeptemberDebt ceiling deal bets, jobless claims data boosted demandDXY uptrend in focus after 100-day SMA was taken out Recommended by Daniel Dubrovsky Get Your Free USD Forecast US Dollar Back in the Spotlight as Treasury Yields RiseThe US Dollar roared higher on Thursday, extending a recent winning streak. Over the past 2 weeks, the DXY Dollar Index is up about 2.2%. That is the best 10-day performance since September 2022. Let us take a closer look at the past 24 hours…

Ripple, Visa join HK CBDC pilot, Huobi accusations, GameFi token up 300%: Asia Express On May 18, the Hong Kong Monetary Authority (HKMA) announced the launch of the cyber Hong Kong dollar pilot project. According to officials, 16 selected companies from the financial payment and technology sectors will conduct the first round of trials this year on the feasibility of a Hong Kong dollar central bank digital currency (e-HKD). Companies included in the pilot include Alibaba (NYSE:) Group’s Alipay Financial, Mastercard (NYSE:) Asia, Labs, Visa (NYSE:), and HSBC. The digital Hong Kong dollar will start off with six potential uses…

Just_Super Vale (NYSE:VALE) received binding offers for a 10% stake in its base metals unit worth ~$2.5B earlier this week, Brazilian newspaper Valor Economico reported Thursday, citing unnamed sources. The binding offers likely will be analyzed by the company’s board at a schedule meeting on May 25, according to the report. Vale’s (VALE) base metals business includes nickel mines in Canada and Indonesia, copper mines in Brazil, and interests in cobalt and platinum group metals. Media reports earlier this year said General Motors, Mitsui and Saudi Arabia’s Public Investment Fund were considering making offers for the 10% stake. More on…

The G7 leaders summit in Hiroshima, Japan, will discuss plans to impose restrictive measures against the Russian diamond industry and against countries and institutions that help Russia circumvent international sanctions.“You can expect this to be mentioned in the G7 communique,” an EU official told reporters in a briefing. The official said there would not be an agreement at this stage, but he was confident that talks between leaders in Hiroshima, Japan, between May 19-21 would open the door to putting a tracing mechanism in place before restrictions were implemented.More here. Source link

Share: The economic calendar is light on Friday. During the Asian session, New Zealand will report on exports and imports, as well as Credit Card Spending. Japan will release inflation data and the Tertiary Industry Index. Later in Europe, the highlight will be German wholesale inflation. The rally of the US dollar is in focus, and the slide in Gold price also deserves attention. Here is what you need to know on Friday, May 19: US stocks had another positive day, with the Dow Jones gaining 0.34% and the Nasdaq jumping 1.51%. Optimism about a debt ceiling deal,…

NASDAQ 100 TECHNICAL FORECAST:Nasdaq 100 breaks above major technical resistance at 13,740 and rises to its best level since April 2022While the technical backdrop looks constructive, the market appears stretched and close to overbought condition, signaling a near-term pullback should not be ruled outThis article looks at NDX’s key levels to watch over the coming days Recommended by Diego Colman Get Your Free Equities Forecast Most Read: Gold Prices Crushed by Resurgent Yields & Strong Dollar, Bullish Outlook in PerilThe Nasdaq 100 (NDX) extended its advance and staged another decent rally on Thursday, powering through resistance at 13,740 and notching…

Generation Income Properties declares $0.039 dividend Source link

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