Author: FX
Grid Round Numbers and Round Levels Forex Trading Strategy is an intriguing approach that capitalizes on the psychological significance of round numbers in the Forex market. These numbers such as 1.2000 or 1.5000 often serve as pivotal points where traders congregate, making them vital for both support and resistance levels. Understanding how to navigate these key areas can significantly impact trading success, as price action tends to react more dramatically at these thresholds. This strategy leverages the concept of grid trading by placing multiple orders around these crucial round numbers. By creating a “grid” of buy and sell orders, traders…
This is via Roger Wilkins, an economist at The University of Melbourne.A bleak picture indeed. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Phynart Studio US Steel (NYSE:X) soared as much as 9.4% and is now up 6% as investors wait to hear the outcome of CFIUS review of its planned $14 billion sale to Nippon Steel (OTCPK:NPSCY). Nippon Steel (OTCPK:NPSCY) Vice Chairman Takahiro Miro said Source link
Kim C. Hanemann, President and Chief Operating Officer of PSE&G, a subsidiary of Public Service Enterprise Group Inc. (NYSE:), recently sold shares of the company’s common stock. According to a filing with the Securities and Exchange Commission, Hanemann sold 955.8881 shares at a price of $90.09 per share, totaling approximately $86,115. This transaction was executed on November 19, 2024, and the shares were held indirectly through a 401(k) plan. Following this sale, Hanemann holds no shares in this particular account. However, she retains direct ownership of 70,011.2330 shares of common stock, which includes accumulated dividend reinvestments. In other recent news,…
US Dollar Index retreats to 106.50 and continues hitting a barrier near 107.00. Dollar weakens on Fed’s Williams hinting at inflation cooling and rate reduction. Fed officials remain cautious amid persistent inflation concerns and uncertainty about future rate decisions. Mid-tier data from the US came in mixed on Thursday. In Thursday’s session, the US Dollar Index (DXY) flattens after Fed’s Williams indicated a potential cooling of inflation and a subsequent decline in interest rates. On the data front, the data for Jobless Claims came in below expectations, while Manufacturing data raised concerns among investors. The DXY hovers around 106.50, indicating…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
EUR/CAD fell 0.19% on Thursday, hitting 1.4700, the lowest since July 1st. With indicators in deeply oversold territory, the EUR/CAD might consolidate to the upside, but the overall outlook remains negative. The EUR/CAD declined by 0.19% to 1.4700 in Thursday’s session, reaching its lowest level since July 1st. The currency pair has been falling steadily since then, amid increasing selling pressure as indicated by the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). The overall momentum appears to be bearish, with the pair likely to continue its downward trend in the near term, as per our previous…
franckreporter The major averages are mixed on Thursday, as investors assessed Nvidia’s (NVDA) third quarter earnings, and looked forward to key economic reports. The S&P 500 (SP500) was -0.4%, the Nasdaq Composite (COMP:IND) was -1.2% and the Dow (DJI) was +0.1%. The 10-year Treasury yield ( Source link
DegenLayer, a newly launched memecoin focused blockchain & trading terminal app suite, has announced its testnet release, marking a key step toward its upcoming mainnet launch. The platform aims to facilitate zero setup memecoin trading and creation, leveraging the $20 billion liquidity within the Optimism Superchain ecosystem.The project’s developers project daily revenues of $1 million in ETH, assuming a daily DEX trading volume of $200 million. With low transaction fees and a streamlined user interface, DegenLayer seeks to provide a gateway for mainstream users to engage in blockchain-based trading and creation.The project’s native token $DELAY was fair launched on Uniswap…
Anyone who thought that the significant downward surprise in September’s UK inflation figures would be repeated seamlessly in October was disappointed yesterday. Not only was the headline rate slightly higher than expected (which can still be explained by the one-off effects of household energy bills), but services inflation, and hence the core rate, also surprised on the upside, Commerzbank’s FX analyst Michael Pfister notes. BoE pause is now almost a foregone conclusion “Two facts are unlikely to please the Bank of England. On the one hand, the rather low figure for services inflation in September compared with the previous month…