Author: FX
Chip stocks drove a Thursday rally even as the US and Iran traded airstrikes. Here’s why AI investment news can outweigh geopolitical risk in markets. Source link
The NZD/USD pair gains strong follow-through positive traction for the third straight day and rallies to an over three-week top during the Asian session on Friday. Spot prices currently trade around the 0.5775-0.5780 region, up nearly 0.40% for the day, and remain on track to register strong gains for the second week in a row amid a combination of supporting factors.The New Zealand Dollar (NZD) continues to be underpinned by the Reserve Bank of New Zealand’s (RBNZ) hawkish outlook, which, along with a broadly weaker US Dollar (USD), acts as a tailwind for the NZD/USD pair. As was widely expected,…
Guppy recently busted through its symmetrical triangle resistance but seems to be stalling on its climb. Is it gearing up for a quick retest? Source link
The QM Indicator MT4 was created to help traders recognize one of the most respected reversal patterns in price action before the next major move develops.The challenge is that Quasimodo patterns can be difficult to identify in real time. During active sessions, price creates dozens of highs and lows, making it easy to confuse a genuine setup with a fake-out. Poor timing can quickly increase drawdown, especially when trading volatile pairs like GBP/USD or XAU/USD.The QM Indicator MT4 simplifies this process by highlighting potential Quasimodo formations automatically. Instead of searching every swing manually, traders can focus on confirmation and risk…
AUD/NZD’s Bollinger Band signal points to a possible bullish reversal, but downside follow-through remains a key risk. Source link
Chipmakers powered a Wall Street rebound Thursday as Micron lifted U.S. spending plans, with the dollar easing, gold and Bitcoin higher, and oil sliding despite renewed U.S.-Iran strikes. Source link
The major US stock indices pushed to the upside in trading today led by the NASDAQ index.Looking at the closing levels for the major indices:Dow industrial average rose 0.27% or 139 points to 52492.26S&P index rose 0.81% or 60.93 points to 7543.63NASDAQ index rose 1.30% or 336.24 points to 26206.89Russell 2000 rose 1.22% or 36.15 points to 2291.92Some of the big winners today included:Arm Holdings (ARM): $328.08, +27.84 (+9.27%) SanDisk (SNDK): $1,858.27, +131.09 (+7.59%) Lam Research (LRCX): $353.17, +20.02 (+6.01%) Advanced Micro Devices (AMD): $546.72, +29.32 (+5.67%) Palo Alto Networks (PANW): $338.33, +17.74 (+5.53%) Alaska Air Group (ALK): $50.14, +2.61…
AUD/USD trades higher near the 0.6940 area on Thursday, as the Australian Dollar (AUD) benefits from a softer US Dollar (USD), even after stronger-than-expected United States (US) jobless claims data showed that the labor market remains stable.US Initial Jobless Claims fell to 215K, below expectations of 218K and the previous 217K, suggesting that layoffs remain limited. However, the Greenback failed to gain strong traction as the broader US Dollar Index (DXY) slipped for a second straight session, while markets continued to assess geopolitical risks and the Federal Reserve’s (Fed) policy outlook.China also remains a key driver for the Aussie, given…
The Nasdaq technicals are back in neutral territory. S&P is more bullish again !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
UOB’s Quek Ser Leang notes that after a prior rise in USD/CNH, upward momentum has now faded, with the pair expected to trade between 6.7950 and 6.8100 in the near term. The analyst reiterates that a close above 6.8080 would open the way toward 6.8195, while maintaining that upside risk persists as long as USD/CNH holds above 6.7830.Upside risk while support holds”24-HOUR VIEW: After USD rose as we expected on Tuesday, we highlighted the following yesterday: “The advance has gathered momentum, and today, USD could break above the 6.8080 resistance. However, any further advance is unlikely to reach last month’s…