Author: FX

Halma press release (OTCPK:HLMAF): 1H Non-GAAP EPS of 36.90p. Revenue of £950.5M (+8.6% Y/Y). Strong cash performance; continued balance sheet strength: cash conversion9 of 96% (2022/23: 63%), above 90% target; net debt/EBITDA 1.4 times, within operating range of up to 2 times. Source link

Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straight forward approach utilizes 2 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than H1, optimal results are typically achieved within the H1, H4, and Daily timeframes. Trade Details Currently, the Flip 55 strategy has identified a trading opportunity on the GBP/USD pair within the H4 timeframe. I’ve shared a trade setup image for…

By Siyi Liu SINGAPORE (Reuters) -Oil prices climbed on Thursday as geopolitical concerns over escalating tensions between Russia and Ukraine outweighed the impact of a bigger-than-expected increase in inventories. futures rose 60 cents, or 0.82%, to $72.81 as of 0734 GMT. U.S. West Texas Intermediate crude futures rose 64 cents, or 0.93%, to $69.39. Ukraine fired a volley of British Storm Shadow cruise missiles into Russia on Wednesday, the latest Western weapon it has been permitted to use on Russian targets, a day after it fired U.S. ATACMS missiles. Moscow has said the use of Western weapons to strike Russian…

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…

WTI crude oil is consolidating inside a descending triangle pattern on its 4-hour chart, and price is currently testing resistance. Is it about to bust higher from here? Or will we see another dip to the triangle support? Take a look at these inflection points! WTI Crude Oil (USOIL) 4-hour Chart by TradingView After its rallies earlier this week, the energy commodity appears to be hitting a ceiling at the triangle top near the $70 per barrel major psychological mark and R1 ($69.34 per barrel). A slightly larger than expected EIA inventory build likely convinced oil bulls to retreat, as…

The Indian Rupee extends its downside in Thursday’s Asian session. Rising geopolitical tensions, Trump trades, and sustained portfolio outflows weigh on the INR.  Traders brace for the US data and Fedspeak later on Thursday.  The Indian Rupee (INR) extends its decline on Thursday. The heightened geopolitical tensions and market reactions due to Donald Trump’s victory in the US presidential elections drag the local currency lower. Additionally, continuous foreign portfolio outflows might continue to undermine the INR in the near term.Nonetheless, the Reserve Bank of India (RBI) is likely to intervene in the foreign exchange to mitigate further depreciation of the…

By Anastasiia Malenko, Tom Balmforth and Max Hunder KYIV (Reuters) – The United States said it had reopened its embassy in Kyiv late on Wednesday after it had shut for the day due to what it called the threat of a significant air attack, a day after Ukraine used American missiles to hit a target inside Russia. Russia had described the strike by U.S. missiles as an escalation in the 1,000-day-old war, while Ukraine’s military spy agency said Russia was trying to sow panic by circulating fake online messages about a looming missile and drone attack. “@USEmbassyKyiv has resumed services…

We’re seeing the first readings of Euro Area business conditions in November! What trends should you watch out for and how does the euro usually react to the results? We’re breaking down the points you need to know: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

The financial markets, for all their complexities, often exhibit a fundamental truth: trends happen. Prices tend to move in a sustained direction, upwards (bullish) or downwards (bearish). Trend following strategies capitalize on this by identifying these trends and aligning your trades accordingly. The Trend Intensity Index (TTI) is a technical indicator specifically designed to assist trend followers. It gauges the strength of the prevailing trend, providing valuable insights into whether a trend is likely to continue or lose momentum. Think of the TTI as your personal trend meter. A strong reading on the indicator suggests the trend has legs, while…

The Extreme TMA Line and Market Direction Forex Trading Strategy is a robust approach designed to help traders navigate the complexities of market trends. This strategy combines the power of the Triangular Moving Average (TMA) with precise market direction analysis to identify high-probability entry and exit points. The Extreme TMA Line acts as a dynamic support and resistance zone, helping traders gauge whether the market is trending or ranging. By following the behavior of price action around this line, traders can make more informed decisions about when to enter or exit a trade. One of the strengths of this strategy…