Author: FX
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
It’s a bit of a slow start to a busy trading week, but I’m hoping Australia’s PMI readings could spark some action for GBP/AUD. Here’s a simple retracement setup I’m watching. Before moving on, ICYMI, I’ve listed the potential economic catalysts that you need to watch out for this week. Check them out before you place your first trades today! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: Markets closed in China, Hong Kong and Singapore BOJ meeting minutes: One dissenter said it was inappropriate to tweak policy target…
US labour market is still very tightShe mentions that there is encouragement from recent data that the rate of US inflation has declined. Well, the trend in the past few months is a welcome development but it remains to be seen if this is enough to stay the course for inflation to return towards 2% or if we will eventually hit a spot where inflation is seen as being more sticky – one that is well above the 2% mark. Source link
Ahead of Wednesday’s Australian quarterly Consumer Price Index (CPI) data release, the country’s Treasurer Jim Chalmers said that the worst part of the country’s inflation crisis was over. Key quotes “The Australian economy will begin to soften a bit this year and that is the inevitable likely consequence of higher interest rates and a slowing global economy.” “That’s why our economic plan is cost-of-living relief in a responsible way and growing the economy without adding to these inflationary pressures.” “Energy is a bigger part of our inflation challenge in our economy.” Market reaction AUD/USD was last seen trading at 0.6997,…
#Johnson&Johnson, Daily Johnson & Johnson is a stock that naturally attracts a lot of investor interest because it is a component of the S&P 500 and one of the 30 stocks that make up the Dow Jones Industrial Index. J&J’s rebound from 159.11 erased some of the losses started in April 2022, but the rebound stalled at 181.02 in December. Even though in January there was an attempt to match the December high, it was only recorded as far as 180.88, before sliding beyond the 174.06 support. It is now trading in the range of ±168.00. Johnson & Johnson stock has…