Author: FX
Battery startup Lyten yet to convince carmakers over Northvolt revival Source link
Friday’s U.S. dollar weakness pulled NZD/USD to a hot trend retracement area! Think the bears will step in at current levels? Or will bulls sustain their momentum and aim for higher areas of interest? Here’s what we’re seeing on the 4-hour time frame: NZD/USD 4-hour Forex Chart by TradingView Powell’s dovish Jackson Hole speech dragged the U.S. dollar lower against most of its counterparts on Friday. But traders aren’t likely to forget that at least two Reserve Bank of New Zealand (RBNZ) members voted for a sharper interest rate cut in August. Remember that directional biases and volatility conditions in…
After hitting fresh record highs this month, bitcoin appears to be picking up on bearish pressure as a double top pattern can be seen on its 4-hour chart. Will it break below the neckline soon? Or will we see another attempt to climb? Bitcoin (BTC/USD) 4-hour Chart by TradingView Dollar strength over the past few weeks have dragged BTC/USD back down from its $124K all-time highs to the long-term support around $114K. With that, price has completed a double top reversal pattern, although it has yet to break below the neckline to confirm that a downtrend is in the works.…
Candlestick charts are one of the most widely used tools in technical analysis, offering traders a clear and concise way to interpret price movements over specific time intervals. Each candlestick captures four key data points—the open, high, low, and close—providing valuable insight into market behaviour within that period. By studying the shapes and formations of candlestick patterns, traders can gauge market sentiment, identify potential reversals or continuations, and make more informed trading decisions. Whether you’re trading forex, stocks, or commodities, understanding candlestick charts can enhance your ability to analyse price action and refine your strategy. In this guide, we’ll explore…
Hey FX playas, grab your coffee and settle in – we’re heading into a week when the Fed’s favorite inflation gauge takes center stage! Source link
Goldman Sachs lifted its price target on Cambricon to CNY 1,835, up from the current share price of 1,243.The bank cited three key drivers behind the upgrade:Rising capital expenditure from China’s cloud giants such as Tencent.Broader diversification of chipset platforms, including developments like DeepSeek 3.1.Continued investment in research and development. —Cambricon Technologies is a Beijing-based, partially state-owned semiconductor firm founded in 2016 as a spin-off from the Chinese Academy of Sciencesspecializes in designing AI processors and GPGPUs for deep learning applications across cloud servers, edge devices, and intelligent terminalsnicknamed “China’s Nvidia” Source link
The DF Profit Monitor MT4 Indicator is designed to simplify trading by displaying real-time account performance data. Instead of checking multiple tabs or manually calculating profits, traders can see updated results instantly on their chart. This makes it easier to track open positions, monitor total profit, and manage risk without distraction. It’s especially helpful for beginners who need clear insights into how their trades are performing. Key Features and Benefits One of the biggest benefits of this indicator is convenience. It shows account balance, equity, open profit, and closed trade results in a straightforward way. By keeping all this information…
New Zealand central bank proposes reducing deposit takers' capital requirements Source link
St. Louis Fed branch chief Musalem said more data is needed before deciding on a September rate cut, warning inflation remains closer to 3% than 2%. He struck a more cautious tone than Powell, noting labor market risks have yet to materialize and stressing the decision will hinge on upcoming jobs data.Musalem spoke with Reuters. -St. Louis Fed President Alberto Musalem said he needs more data before deciding whether to back a rate cut at the September 16–17 FOMC meeting. He noted inflation is running closer to 3% than the Fed’s 2% target and could prove persistent, while risks to…
US VP Vance says Russia has made significant concessions toward Ukraine peace deal Source link