Author: FX
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…
Nasdaq launched options trading for BlackRock’s iShares Bitcoin Trust (IBIT) on Tuesday. MarketWatch (gated) with the rundown, in brief:First-day trading included: 70 million call options expiring in 2026 at a $100 strike price (equivalent to a $174,000 bitcoin price … n IBIT price at $100 corresponds to a bitcoin price of roughly $174,000). 30 million call options expiring in 2027 at a $100 strike price. Most IBIT options trades were relatively small compared to larger block trades handled by brokers. A position limit of 25,000 contracts is in place, suitable for institutional investors but not significant for large hedge funds.***BTC/USD…
Financial markets showed mixed behavior as traders processed statements from Federal Reserve officials, while Bitcoin made headlines by reaching new all-time highs and rising inflation data from the UK added to the mix. Let’s dive into today’s key market developments! Headlines: Australian Leading Economic Index improved from –0.20% to +0.26% in October Japan trade balance for October 2024: -¥461.2B (-¥320.0B forecast; -¥294.1B previous) As expected, China’s one-year Loan Prime Rate (LPR) was held at 3.1%, and the five-year LPR, which often influences mortgage rates, is steady at 3.6% Bitcoin broke past $94K to make new all-time highs, nearly touching the…
Vertigo3d Digital Brands Group (NASDAQ:DBGI) has partnered with prominent influencer marketer LTK to raise awareness of its Sundry, Stateside, and Avo brands through videos and influencer endorsements. “LTK is a scalable platform that is performance based, which we plan to utilize as Source link
Angela Pruitt, a director at UMH Properties, Inc. (NYSE:), recently sold 2,800 shares of the company’s stock. The shares were sold at a price of $19.26 each, bringing the total value of the transaction to $53,928. Following this sale, Pruitt holds 7,992.77 shares directly. In addition to the sale, Pruitt holds derivative securities in UMH Properties. These include 11,000 shares with an exercise price of $15.80, and 10,000 shares with an exercise price of $14.36, set to expire in 2034 and 2033, respectively. In other recent news, UMH Properties reported strong growth in its Q3 2024 earnings call. The company…
The Dow Jones backslid another 150 points on Wednesday at its low point. Equity markets with little data to chew on are awaiting key earnings reports. Nvidia earnings are due after the closing bell, meaningful economic data starts Thursday. The Dow Jones Industrial Average (DJIA) tested familiar lows on Wednesday, churning chart paper just north of the 43,000 handle. Markets are tepid as investors pull back slightly ahead of a key earnings report from major tech company Nvidia (NVDA) which is due after the bell, and a lack of meaningful economic figures throughout the front half of the trading week…
The U.K. Consumer Price Index (CPI) increased to 2.3% year-over-year in October, surpassing expectations of 2.2% and rising from 1.7% in September. This brings inflation back above the Bank of England’s 2% target. Key points from the Office for National Statistics (ONS) report: Core inflation, excluding energy, food, alcohol, and tobacco, rose to 3.3% from 3.2% Services inflation increased to 5.0%, a concern for the Bank of England Housing and household services saw significant increases, with electricity prices rising 7.7% and gas prices up 11.7% The monthly CPI rose by 0.6%, up from being unchanged in September Headline CPIH (including…
The US treasury will sell… well auction…. $16 billion of 20 year bonds at the top of the hour.The six-month averages of the major components shows: Bid to cover 2.60XTail 0.1 bpsDirects (domestic demand): 17.2%Indirects (international demand): 71.6%Dealers: 11.2% This article was written by Greg Michalowski at www.forexlive.com. Source link
Today’s stronger-than-expected UK CPI print potentially sets up EUR/GBP for continued downside movement in the short-term. With headline inflation jumping to 2.3% versus 2.2% expected, and core measures also running hotter at 3.3%, the odds of aggressive BOE rate cuts appear to be diminishing rapidly. Let’s examine how we may theoretically structure a trade plan around this development. 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
Bank of England (BoE) Deputy Governor Dave Ramsden spoke late in the London market session on Wednesday, highlighting the BoE dove’s stance on rate cuts versus the UK’s current inflation outlook. The BoE policymaker shrugged off October’s upswing in UK inflation as an outlier, convinced that UK inflation will continue to fall fast enough to allow the BoE to continue trimming interest rates. Key highlights The economy will continue to normalise, with the recent trend towards low and relatively stable inflation continuing. This would imply a scenario in which inflation stays closer to the 2% target throughout the first part…