Author: FX
By definition, black swan events are unexpected and extremely difficult to predict. It’s possible that we could see huge gaps, wild swings, and increased volatility during big events… or we could see no movement at all. Remember the time when the Swiss National Bank (SNB) surprised the markets with the decision to stop defending EUR/CHF’s 1.2000 floor? The move went down in history as a Black Swan event, an unpredictable, unforeseen event that had significant impact across financial markets. The SNB’s decision cost many market players a lot of money, and even forced some brokers and other financial institutions to close…
Prior -0.1%Market index 191.4 vs 214.5 priorPurchase index 130.8 vs 137.8 priorRefinance index 513.5 vs 630.0 prior30-year mortgage rate 6.81% vs 6.73% priorMortgage applications tanked in the past week with both purchases and refinancing activity slumping hard amid the rise in rates. Now that Trump has won the election and rates are skyrocketing even more, this is one spot that isn’t going to go down well in the next week. This article was written by Justin Low at www.forexlive.com. Source link
ITC LTD – ITC (1D chart) Elliott Wave technical analysis Function: Counter Trend (Minor degree, Grey). Mode: Corrective. Structure: Impulse within larger degree corrective wave. Position: Lower degree impulse might be complete. Not labelled yet. Details: We have proposed a potential change in the trend as price action confirms a break below 480 last week. A lower (Minute) degree impulse wave might be complete but not labelled yet. Will highlight an alternate count when price action is relevant. Invalidation point: 530. ITC Daily Chart Technical Analysis and potential Elliott Wave Counts: ITC daily chart is indicating a potential termination of Intermediate Wave (5)…
KYIV (Reuters) – Ukraine’s President Volodymyr Zelenskiy rapidly congratulated Donald Trump on Wednesday morning for winning the U.S. election, saying the Republican’s “peace through strength” approach to global affairs could bring a “just peace” closer in Ukraine. Zelenskiy, in a message shortly after Trump claimed victory, praised the election win as “impressive” and said he looked forward to an “era of a strong United States of America under President Trump’s decisive leadership.” The speed of the message aimed to quickly build ties with the next administration in Washington amid persistent uncertainty over what a Trump presidency would mean for the…
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 USD/CAD pair within the H4 timeframe. I’ve shared a trade setup image for your…
But the results have sort of been know for a while already, almost for the past four to five hours. Trump is on the verge of officially being declared the winner. He has 247 seats in the pocket with all the remaining five swing states (Arizona, Michigan, Nevada, Pennsylvania, and Wisconsin) all leaning towards him as well.Meanwhile, Republicans have also won control of the Senate. The only thing stopping a red sweep now is a potential House win for the Democrats. But the race there is still too close to call for now at least. Source link
Can gold prices go any higher from here? I’m seeing some signs of rally exhaustion on its 4-hour time frame and a potential reversal chart pattern, too! Check out these inflection points to gauge if the trend is still likely to continue: Gold (XAU/USD) 4-hour Chart by TradingView It looks like gold traders are also feeling queasy while waiting for the U.S. election results! The precious metal has been hovering above support around the $2,725 mark, which happens to be the neckline of what could be a head and shoulders reversal formation. A break below the support zone could be…
Key points Berkshire Hathaway missed earnings estimates in Q3. The company also sold off more Apple stock. Is Berkshire Hathaway stock a buy? Warren Buffett’s firm missed Q3 earnings estimates. Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) the conglomerate run by Warren Buffett, has seen its stock price fall nearly 3% since it posted third quarter earnings on Saturday that fell short of earnings estimates. The conglomerate run by Warren Buffett posted revenue of $93 billion in the quarter, which was essentially flat year-over-year. However, the company’s operating earnings, from the portfolio of businesses it owns, fell about 6.5% to $10.1…
All eyes were on the U.S. elections on Tuesday, encouraging pre-event positioning and volatile price action among the major assets. U.S. dollar alternatives like bitcoin and gold gained ground, while U.S. equities found support from a potential Trump win. Headlines: RBA kept its rates at 4.35% as expected and maintained a hawkish bias that supported AUD early Tuesday China Caixin services PMI for October: 52.0 (50.5 expected, 50.3 previous) Switzerland jobless rate steady at 4.6% as expected in October French industrial production sank 0.9% m/m in Sept (-0.5% forecast, previous reading downgraded from 1.4% to 1.1%) Spanish unemployment change in…
By Tim Reid and Sarah N. Lynch ATLANTA (Reuters) -Hoax bomb threats, many of which appeared to originate from Russian email domains, were directed on Tuesday at polling locations in five battleground states – Georgia, Michigan, Arizona, Wisconsin and Pennsylvania – as Election Day voting was underway, the FBI said. “None of the threats have been determined to be credible thus far,” the FBI said in a statement, adding that election integrity was among the bureau’s highest priorities. At least two polling sites targeted by the hoax bomb threats in Georgia were briefly evacuated. The two locations, in Fulton County,…