Author: FX

Have you ever ditched your forex trading plan? If not, you should read this anyway because you’re most likely lying. If you have, why do you think you’re so “unfaithful”? 1. It’s you. Do you blame it on your personality? Temporary insanity? Or an excuse that it’s all just part of trading? You might actually be right. There are many factors that could contribute to your lack of discipline. Depending on your personality, background, training, and experience with the forex markets, you may have trouble controlling your tendency to act on impulse. For some, impulsiveness is in their blood. They have…

© Reuters. FILE PHOTO: A vulture sits on a tree as the sun rises at the iconic Kruger National Park, in Skukuza, Mpumalanga Province, South Africa, February 10, 2022. REUTERS/Siphiwe Sibeko By Andrea Shalal HAMMANSKRAAL, South Africa (Reuters) – The U.S. Treasury Department and South Africa’s National Treasury on Wednesday agreed to form a task force to combat illicit finance linked to the illegal wildlife trade, U.S. Treasury Secretary Janet Yellen said. Speaking at the Dinokeng Game Reserve outside Pretoria, Yellen told South African officials that the new task force aims to boost information sharing between the two country’s financial…

EUR/USD Price, Chart, and AnalysisGerman Ifo data suggest that the economic outlook is improvingThe ECB – market impasse over interest rates continues. Recommended by Nick Cawley Download our new Q1 Forecast Most Read: EURUSD Latest – The Bullish Trend Remains in Place as the ECB Talks ToughThe German economy is starting the new year with more conviction, according to the latest Ifo report. The business climate and expectations readings both moved higher compared to December’s report, while current conditions were marginally lower.‘Sentiment in the German economy has brightened. The Ifo business climate index rose to 90.2 points in January, up…

USOIL, DAILY 2023 is likely to be a year of change, as the economy emerges from one of the most difficult periods of the 21st century. In 2022, interest rates were soaring globally, Inflation soared, there was chaos in the distribution of goods and services and war in eastern Europe. Perhaps this year, too, could be an inflection point in crude oil prices as China reopens and supplies increase gradually. The oil market is stuck in a situation where demand is increasing at an unprecedented rate, while supply constraints remain. China increased its crude oil import quota earlier this month,…

Headlines:Markets:AUD leads, NZD lags on the dayEuropean equities lower; S&P 500 futures down 0.7%US 10-year yields down 2.7 bps to 3.439%Gold down 0.7% to $1,923.81WTI crude up 0.1% to $80.21Bitcoin down 1.2% to $22,621It was a bit of a quiet session but there were some decent market moves, as risk sentiment turned from being cautious to being put on the defensive.Microsoft warned about a slowing sales outlook and that weighed on tech stocks with Nasdaq futures holding lower by 0.6% at the end of Asia trading, before things turned worse in European morning trade. The mood in equities is perhaps…

USA30, DAILY The US stock indexes and the Russell 2000 have all advanced significantly since the start of the year, signaling optimism for American equities, but how long will that last? Some analysts think stock indexes will continue to rise in the coming months and the recovery will accelerate, but the pressure on consumers from the rapid rise in interest rates tells a different story. Recent data has shown that retail sales have plummeted, forcing companies to start cutting prices and announcing layoffs. The threat of recession risk, worsening fundamentals and the possibility of a hard landing cannot be ruled…

AUD and NZD have both made strong starts in 2023. Economists at CIBC Capital Markets expect Antipodeans currencies to stabilize before staging another leg higher. Early year gains face near-term headwinds “The current outlook is for some consolidation in both AUD and NZD before gains through the remainder of the year. The near-term prompt for that is a retracement and pause being seen in USD/CNH.” “In the medium-term, the leverage of both the AUD and NZD to a significantly more constructive China outlook than previously anticipated is real, and is more so for AUD.” “Q1 2023: 0.68 | Q2 2023:…

WTI Oil Price, Charts and Analysis: Recommended by Zain Vawda Download Our New Q1 Oil Forecast Most Read: Gold Holds the High Ground as US Dollar Languishes. Where to for XAU/USD?WTI FUNDAMENTAL OUTLOOKCrude Oil has struggled since a bullish start to the week as technical and fundamental factors form a perfect cocktail. The Chinese Lunar Holidays coupled with some economic and demand concerns have kept oil prices on the back foot.There have been a host of factors that could be attributed to the decline in oil prices this week. The optimism around a demand surge from China remains on hold…

artJazz The European Commission (EC) granted orphan drug designation to Poxel’s (OTC:PXXLF) PXL770 and PXL065 to treat adrenoleukodystrophy (ALD). ALD is a type of hereditary condition which damages the membrane (myelin sheath) that insulates nerve cells in the brain. The disorder is the result of fatty acid buildup and affects the nervous system and adrenal glands. The EC adopted the positive opinion issued by a panel of the European Medicines Agency (EMA) to designate the status to the drugs. The French company said that both compounds are preparing to enter into phase 2a proof-of-concept biomarker studies in patients with ALD…

Microsoft shares gain 4% on Q2 EPS beat By Davit Kirakosyan and Geoffrey Smith  Investing.com —  Microsoft (NASDAQ:) shares are set to open under pressure later Wednesday after the software giant reported its slowest sales growth in six years and warned that there may be worse to come.  grew only 2% year-over-year in the three months through December to $52.7 billion, missing the consensus estimate of $53.12B. While earnings were fractionally ahead of expectations at $2.32 a share, but were still down 12% on the year at $16.4B.  Microsoft’s numbers have significant implications for the rest of the U.S. stock…