Author: FX

Hiroshi Watanabe Stock futures were mixed Monday morning as anticipation built around NVIDIA’s upcoming earnings, a key event for the markets this week. Here are some of Monday’s biggest stock movers: Biggest stock gainers Tesla (TSLA) shares climbed 6% following Source link

Investing.com — Tesla Inc (NASDAQ:) shares rose over 5% in after-hours trading on Robinhood (NASDAQ:) Sunday evening following reports from Bloomberg that the upcoming Trump administration will establish a federal framework for fully self-driving vehicles and make it a top priority for the Department of Transportation.   The development is seen as a major boon for Tesla, which has been leading the charge for fully autonomous driving. CEO Elon Musk has been a major supporter of President-elect Donald Trump and is now considered in his inner circle. Musk and Vivek Ramaswamy are heading up the recently announced Department of Government…

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 EUR/AUD pair within the H4 timeframe. I’ve shared a trade setup image for…

NZD/JPY has been cruising inside this range since last month, and it looks like another bounce off support is due. Or are we about to see a breakout soon? Check out these inflection points we’re watching on the 4-hour time frame: NZD/JPY 4-hour Forex Chart by TradingView NZD/JPY has been pacing back and forth between support near the 90.00 major psychological mark and resistance at the 92.00 handle since October. Relatively upbeat remarks from Bank of Japan (BOJ) head Ueda earlier this week seems to have kickstarted another round of yen rallies, as he acknowledged that the economy continues to…

There are just a couple to take note of, as highlighted in bold.They are for EUR/USD at the 1.0500 and 1.0520 levels. Similar to last week, the former will be the more important one to watch as it sits alongside a key technical support region for the pair. That will once again be a key downside level to watch out for throughout this week. If buyers can hold above that, they could yet stand a decent shot at reversing the near-term bias in the sessions ahead. The 100-hour moving average is now seen at 1.0575.For more information on how to…

Canada may print sticky high or higher price pressures in October, which could ease the pressure on the Bank of Canada (BOC) to keep on cutting its interest rates. Our Event Guide for Canada’s October CPI Reports points to rising wage growth and seasonal activity potentially keeping inflation sticky high for the month. If true, BOC – which recently shifted focus from actively pursuing lower inflation to “sticking the landing” on inflation – would have fewer reasons to cut its rates another time this year. Here’s why CAD/CHF and EUR/CAD are looking good in the case of…

Gold price attracts some haven flows on Monday amid rising geopolitical risks.  The USD remains on the defensive below a one-year high and also lends support. Bets for less aggressive Fed rate cuts and elevated US bond yields to cap gains.  Gold price (XAU/USD) gains strong positive traction on Monday and reverses a part of last week’s sharp decline to the lowest level since September 12. The commodity, for now, seems to have snapped a six-day losing streak and is supported by reviving safe-haven demand, bolstered by the risk of a further escalation of geopolitical tensions. Apart from this, subdued…

Can Canada’s upcoming CPI figures boost Bank of Canada (BOC) easing expectations? Our Event Guide for Canada’s CPI Report listed a couple of underlying metrics pointing to weaker input price pressures, possibly weighing on overall consumer inflation. Here’s what I’m watching on GBP/CAD and CAD/JPY in case the inflation figures fall short again. 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

By Rae Wee SINGAPORE (Reuters) – Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from Nvidia (NASDAQ:), while in Japan, a speech from its central bank’s head left markets none the wiser on the country’s rate outlook. Bank of Japan Governor Kazuo Ueda reiterated on Monday the central bank will keep raising interest rates if economic and price developments move in line with its forecasts, but made no mention of whether a hike could come in December. His speech had been closely watched by investors for clues on the BOJ’s next rate hike,…

The Perfect Trend Line and Volatility Quality Forex Trading Strategy is designed to offer traders a balanced approach by combining the strength of trend-following with precise volatility measurement. In the ever-fluctuating Forex market, identifying reliable trends is crucial for profitable trading. The Perfect Trend Line indicator helps in detecting clear, actionable trends by smoothing out price data and eliminating market noise. When combined with the Volatility Quality indicator, which measures the quality and sustainability of price movement, this strategy allows traders to make informed decisions about market entry and exit points. At the heart of this strategy is the idea…