Author: FX
Momentum breakouts are prime trading conditions wherein traders can find good trading opportunities. This is because momentum breakouts tend to cause price to move in one general direction and could often result in a trend. Momentum trading is a technical trading technique wherein traders would buy or sell a tradeable instrument based on the strength of a trend. Basically, traders trading momentum strategies are trading with a strong force behind a price move. These strong price movements often cause price to move in the same direction and could often result in a trending market. Momentum outside of trading is a…
© Reuters. FILE PHOTO: A man works at a construction site of apartment buildings in Beijing, China, July 15, 2022. REUTERS/Thomas Peter (Reuters) – China is planning to relax restrictions on borrowing for property developers to support the troubled sector by dialing back the “three red lines” policy, Bloomberg News reported on Friday. The “three red lines” policy was unveiled in August 2020 to tackle property developers’ unbridled borrowing by restricting the amount of new borrowing they can raise each year. Beijing may allow some property firms to add more leverage by easing borrowing caps, and push back the grace…
Anyone up for short-term trades today? I’m seeing this simple trend pullback on AUD/NZD, plus a potential triangle breakout on the S&P 500 index. Better keep your eyes on these levels! AUD/NZD 1-hour Forex Chart from TradingView Here’s one for the trend traders out there! AUD/NZD has been cruising with higher lows connected by a rising trend line that’s been holding since mid-December. Another test of support seems to be in the cards, as the pair is stalling just below the 1.0900 major psychological mark. Applying the handy-dandy Fib tool shows that the 38.2% to 50% levels are near the…
Snippet commentary from JP Morgan on the US benchmark S&P500 index.We believe the market is approaching a bifurcation, at which point stocks risk seeing a more accelerated leg of the bear market that is associated with falling earnings expectations and break in correlation from interest ratesWe ultimately expect a H1 2023 bear market bottom. The realised inflation trajectory into early 2023 and the nature in which the forward rate curve reshapes to it will likely dictate the timing and level of the low. At the positive end of the risk spectrum … rapidly falling inflation data leads to further expectations…
European Central Bank (ECB) Governing Council member and French central bank governor Francois Villeroy de Galhau said late Thursday, “it would be desirable to reach the right ‘terminal rate’ by next summer, but it is too early to say at what level.” “We need to be pragmatic and guided by observed data, including underlying inflation, without fetishism for increases that are too mechanical,” Villeroy added. Market reaction EUR/USD was last seen trading at 1.0532, up 0.14% on the day. Source link
© Reuters. FILE PHOTO: Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS SHANGHAI (Reuters) -Tesla cut prices for all versions of its Model 3 and Model Y vehicles in China by up to 13.5%, according to its Chinese website on Friday, after its December deliveries of China-made cars fell to the lowest point in five months. The U.S. automaker reduced the prices for the models by 6% to 13.5%, according to Reuters calculations based on the prices shown on the website.…
<p>Model 3 starting price to 229,900 yuan</p><ul><li>Model Y 259,900</li></ul><p>No further details apart form the headline at this stage. </p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Justin Sullivan/Getty Images News PG&E (NYSE:PCG) said late Thursday it has restored power to more than 406K customers in northern and central California following a series powerful winter storms with hurricane-force winds that damaged electric equipment and caused numerous power outages. The company said ~2,300 outages remain, affecting 95K customers, many in the North Coast, Bay Area and Central Coast areas. California is bracing for additional storms over the next week, which the company said likely will affect restoration times and lead to additional widespread outages. More than five inches of rain could fall across a large part of California…
Citing Hans Hendrischke, professor of Chinese Business and Management at the University of Sydney, Bloomberg reported that China could ease its trade restrictions on imports of Australian wine, lobsters and other commodities following earlier reports that Beijing has ended a partial ban on imports of coal from Canberra. more to come … Source link
CACI International (NYSE:CACI) said Thursday it was awarded a five-year contract by the Defense Counterintelligence and Security Agency to provide background investigation fieldwork services, valued at $2.25B.The DCSA is responsible for conducting more than 2M background investigations annually on civilian and military applicants and federal employees or employees of government contractors and consultants.Under this enterprise technology contract, more than 1,000 of CACI’s (CACI) background investigators will conduct initial investigations and periodic reinvestigations nationwide.Morgan Stanley downgraded CACI International (CACI) earlier this week, saying the defense technology company is poised to benefit from increased federal spending on cybersecurity. Source link