Author: FX
We’ve all seen the amazing things ChatGPT can do. The good news is that advanced AI trading tools are now bringing similar benefits to retail forex traders. However, a lot of marketing hype surrounds AI trading. Many forex traders wonder where the line is between truth and marketing fluff. Can artificial intelligence really deliver consistent profits in trading? In this article, we’ll look at where AI really adds value for traders, and where it’s just hyped-up marketing spin. What is Forex AI Trading? Forex AI trading is algorithmic trading that has been improved with artificial intelligence. Old-fashioned trading algorithms can…
EUR/CHF has been cruising below a descending trend line on its 4-hour time frame and looks ready to test resistance once again. Will the area of interest still hold? Take a look at this confluence of inflection points! EUR/CHF 4-hour Chart by TradingView Another tariffs tirade from Trump and China triggered strong safe-haven rallies in early October, bringing in strong demand for the lower-yielding gold-correlated Swiss franc. However, trade war jitters faded last week when the U.S. and China struck a truce, leading CHF to retreat from its climb and EUR/CHF to pull up from its downtrend. Is this a…
The Kremlin said on Friday that Moscow places high importance on Russian Prime Minister Mikhail Mishustin’s upcoming visit to China, viewing it as a key event in the two countries’ growing strategic partnership. A Kremlin spokesperson told reporters that Russia hopes Mishustin will meet with Chinese President Xi Jinping during the trip, describing such engagement as part of the nations’ “established traditions” of close bilateral dialogue.“We look forward to this visit and consider it very important” Mishustin is scheduled to visit China on November 3–4, where he will attend the 30th annual meeting of Russian and Chinese prime ministers alongside…
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.0867 compared to the Friday’s fix of 7.0880 and 7.1171 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist…
The Doda Donchian v2 mod is a custom-built version of the famous Donchian Channel indicator. It calculates the highest high and lowest low over a specific period, drawing upper and lower bands on the chart. These bands act as dynamic support and resistance levels. The v2 modification enhances this by providing smoother visual signals and a more responsive reaction to price movements, making it easier for traders to follow the trend and avoid false signals. How It Helps Traders This indicator works perfectly for trend-following strategies. When prices break above the upper band, it signals a potential buying opportunity. Conversely,…
SA Asks: What's the best quantum computing stock play right now? Source link
Australia’s Optus CEO apologises for emergency line outage, refuses to stand down Source link
UBS said that while no formal trade or cooperation agreement emerged from the latest U.S./China discussions, the tone of the talks was positive enough to support market sentiment. The bank described the outcome as a “modestly positive” result for global investors, suggesting it could sustain recent rallies in both U.S. and Chinese equities.UBS analysts noted that markets had braced for potential friction between the world’s two largest economies, but the absence of any escalation, coupled with signs of constructive dialogue, may be enough to reassure investors. “A modestly positive outcome on this U.S./China risk catalyst may be sufficient for global…
Nidec Q1 FY2025 slides: Operating profit rises despite sales decline, unveils 'Conversion 2027' plan Source link
OPEC+ raised output by 137,000 barrels per day, which is the same pace as last month.This round of output hikes kicks in for December but the group is clearly worried about winter oversupply as they agreed to pause hikes for Q1, 2026. That should lend some support to crude oil Monday, as it wasn’t expected.WTI crude oil finished Friday at $60.98/barrel. Source link