Author: FX

Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced a new investment in its native project token PROS by one of the leading cryptocurrency mining companies BIT Mining Limited (NYSE: BTCM).Prosper’s new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem has been well-received by the community. As part of this strategic change, Prosper partners with prominent industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate.This investment from BIT Mining represents another significant validation of Prosper’s thesis…

The Trump trades rally in the US Dollar is heading into its fifth day of gains.  All eyes are on Fed Chairman Powell and his view on the interest rate cut in December. The US Dollar index jumps to a fresh year-to-date high at around 107.00.  The US Dollar (USD) extends the  Trump trade rally for the fifth consecutive trading day with the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, reaching the highest level seen since November 1, 2023, above 107.00. The additional push comes after major news agencies reported on Wednesday evening that…

Nov. 14, 2024 5:56 AM ETAluminum Futures (LMAHDS03:COM), USO, GLDIAU, UCO, SLV, SIL, CENX, GDX, KALU, DBO, UNG, FCG, USL, SCO, SGOL, SIVR, GDXJ, UNL, PHYS, BNO, PSLV, NUGT, BOIL, KOLD, RING, OUNZ, SILJ, CSTM, GUSH, DRIP, USOI, BAR, GLDM, AAAU, XPDUSD:CUR, XPTUSD:CUR, CO1:COM, XAGUSD:CUR, XAUUSD:CUR, CL1:COM, DXYBy: Arundhati Sarkar, SA News Editor adventtr Oil futures edged higher on Thursday as focus shifted to key U.S. economic data, after prices earlier fell on forecasts of higher output, while the precious metals complex ticked lower as the U.S. dollar gained strength. The U.S. Energy Information Administration on Source link

Investing.com — Premier Foods (LON:) reported a 4.6% rise in headline revenue for the first half of its financial year, reaching £498.7 million for the six months ending September 28.  Branded products continued to drive growth, with branded revenue up 6.8% to £444.7 million, led by popular names like Mr Kipling, Sharwood’s, and Ambrosia.  Grocery brands alone increased by 7%, while Sweet Treats like Mr Kipling cakes rose by 6.1%. In contrast, non-branded revenue declined by 10.4%, as consumers gravitated toward trusted brands, and the company exited several low-margin contracts. Profitability also saw improvement, with headline trading profit climbing 5.5%…

Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straightforward 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/GBP pair within the H4 timeframe. I’ve shared a trade setup image for your…

The US CPI report yesterday here provided some reason for a push and pull in markets but ultimately, the dollar settled higher as it continues its post-election momentum. It’s tough to fight that especially with dollar bulls also seeking out key technical breaks on the charts. And the greenback is once again keeping a little firmer today:EUR/USD is holding at its lowest levels this year after the break below the April low of 1.0601 overnight. Meanwhile, USD/JPY had a brief brush against 156.00 earlier as it eyes further gains alongside an uptick in Treasury yields.Elsewhere, GBP/USD is closing in on…

EUR/GBP trades with mild losses around 0.8310 in Thursday’s early European session.  BoE Chief Economist Pill sounded cautious on rate cuts.  ECB’s Rehn said the December cut is likely with disinflation on track.  The EUR/GBP cross trades with mild negative bias near 0.8310 during the early European session on Thursday. The flash Eurozone Gross Domestic Product (GDP) number for the third quarter (Q3) will be released later on Thursday. The Bank of England (BoE) Governor Andrew Bailey and the European Central Bank (ECB) President Christine Lagarde are scheduled to speak later on the same day. The UK Unemployment Rate rose more than…

Australia’s October jobs report was a bit of a mixed bag. Headline job gains met expectations, but they slowed down quite a bit from September’s big jump. The economy added 15,900 jobs, which kept things positive but was way below the downwardly revised 61.3K gain from the month before. Link to Australia’s Labor Force Survey (October 2024) The unemployment rate held steady at 4.1%, which is in line with market forecasts. Looking closer, there was a bit of softness under the surface. Full-time job additions slowed from 48.8K to 9.7K (vs. 15K expected) while part-time employment eased from 12.5K to…

Are we about to see a bounce or a break for Brent crude oil? The energy commodity has formed lower highs and higher lows lately, creating a symmetrical triangle pattern on its 4-hour chart. Better keep this triangle support zone on your radar if you’re hoping to catch a move! Brent Crude Oil (UKOIL) 4-hour Chart by TradingView Crude oil bulls haven’t exactly been in a good mood so far this week, as the OPEC+ once again downgraded global demand forecasts while warning about increased production from non-OPEC countries. It didn’t help that U.S. President-elect Trump called for increased drilling…

Investing.com– Most Asian currencies weakened on Thursday, while the dollar rose to a one-year high on data showing continued stickiness in U.S. inflation, with focus now turning to an upcoming address by Federal Reserve Chair Jerome Powell. Sentiment towards regional markets remained weak after recent stimulus measures from China disappointed, while the prospect of more U.S. protectionism under a Donald Trump Presidency also kept traders biased towards the dollar.  Most Asian currencies were nursing steep losses over the past week on this trade, with the Japanese yen and the Chinese yuan among the worst hit.  Dollar at 1-year peak after…