Author: FX
The Rahul Mohindar Osc and MA Trend Forex Trading Strategy represents a sophisticated approach to trading that combines the analytical prowess of the Rahul Mohindar Oscillator (RMO) with the reliable signals provided by Moving Averages (MAs). This strategy is designed to help traders identify and capitalize on prevailing market trends while also spotting potential reversal points. By leveraging the strengths of both tools, traders can develop a more comprehensive understanding of market dynamics, ultimately improving their trading decisions. At its core, the RMO is an advanced momentum oscillator that offers insights into the strength and direction of a trend. It…
Rosenthal Bennett, Co-Founder and Chairman of the Private Equity Group at Ares Management Corp (NYSE:), recently sold shares worth approximately $13.67 million. According to a filing with the Securities and Exchange Commission, Bennett disposed of a total of 78,804 shares of Class A Common Stock over several transactions from November 20 to November 22, 2024. The shares were sold at prices ranging from $170.07 to $176.55 per share. Following these transactions, Bennett, through BAR Holdings, LLC, retains an indirect ownership of 114,967 shares. These sales were part of a pre-arranged trading plan under Rule 10b5-1, which allows executives to set…
J.P. Morgan forecasts lower oil prices in Trump's upcoming term Source link
It was a crazy week in the global markets that saw safe haven assets rally on escalating Russia-Ukraine tensions, with gold surging from $2,580 to $2,670 and oil climbing toward $70.40. Bitcoin stole the show, though, as the crypto king approaching the $100,000 mark on strong ETF adoption. Despite geopolitical jitters and Target’s earnings disappointment, U.S. equities demonstrated resilience with the S&P 500 grinding higher, supported by Tesla’s early-week surge and small-cap strength while bond yields traced a volatile path as traders digested less dovish Fed comments and strong economic data. This Article Is For Premium Members Only Become…
Major currencies saw wild swings as Russia-Ukraine tensions escalated. Safe havens rallied on geopolitical fears while commodity currencies gained on rising oil prices. Source link
Gold prices rally 1.50% on Friday, boosted by a decrease in US 10-year Treasury yields to 4.40%. Escalating geopolitical concerns, including potential expansion of the Russia-Ukraine conflict, fuel demand for Bullion’s safe-haven status. US economic data shows mixed signals; Services and Composite PMIs outperform while Manufacturing PMI remains in contraction. Gold price rallies to a new two-week high on Friday during the North American session as US Treasury bond yields drop. Geopolitics continued to play its part, keeping the golden metal bid, while US business activity improved, capping the non-yielding metal advance. The XAU/USD trades at $2,710, gaining 1.50%. The…
Mexican Peso makes a late session recovery, supported by strong Q3 GDP figures and lower mid-month inflation. Concerns linger as Mexico’s legislative changes could impact its status in the USMCA agreement, potentially affecting trade dynamics. Banxico Governor indicates readiness to cut rates further if inflation trends continue downward, influencing Peso’s strength. US economic data, including better-than-expected S&P Global Flash PMIs and UoM Consumer Sentiment, bolstered the US Dollar. The Mexican Peso stages a recovery late in the North American session and registers minimal gains against the US Dollar. Upbeat economic data in Mexico and the US, ultimately boosted the Peso,…
US Dollar Index declines below 108.00 on Friday, November 22. DXY retreats from 2-year high despite strong S&P PMI data; profit-taking and China’s stimulus package contribute to pullback. Fed officials remain cautious with Barkin citing inflation risks and Williams indicating potential rate reduction. In Friday’s session, the US Dollar Index (DXY) declined slightly after reaching a new two-year high amidst geopolitical instability. However, strong S&P PMI data reinforced the US economy’s relative resilience, supporting the DXY’s gains. The US Dollar’s pullback was attributed to profit-taking and positive economic indicators from China, including a rate reduction and a comprehensive stimulus package.…
Aussie dropped 0.27% to 0.6495 in Friday’s trading. Mixed Judo Bank PMI data impacted the AUD, with strong manufacturing but weak service sector activity. S&P PMI data from the US came in strong. The AUD/USD declined just below 0.6500 as the market is focused on the US Dollar’s strength. The US Dollar Index (DXY) index hit a two-year high above 108.00. The AUD/USD pair exhibits a mixed outlook, influenced by the interplay of hawkish Reserve Bank of Australia (RBA) and mixed local economic data. However, the potential for future RBA rate hikes may limit the downside, though the overall trend…
NZD/JPY fell 0.27% on Friday, trading near the 90.30 level. Pair tallied a 3-day losing streak and seems to be scaping the 90.00-92.00 range to the downside. RSI and MACD bearish, signaling potential further losses toward 90.00. The NZD/JPY pair has been on a downward trajectory for the past three days, shedding 0.27% on Friday’s session to close near the 90.30 level. This losing streak has seemingly broken the 90.00-92.00 range, with further losses possible. The bearish outlook is supported by the Moving Average Convergence Divergence (MACD), which indicates a sell signal, and the Relative Strength Index (RSI), which is…