Author: FX
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…
shapecharge/E+ via Getty Images Morgan Stanley on Friday reshuffled its rating recommendations on a couple of asset managers, upgrading Victory Capital Holdings (NASDAQ:VCTR) to Equal Weight from Underweight and downgrading BrightSphere Investment Group (NYSE:BSIG) to Underweight from Equal Weight. On Victory Capital (VCTR Source link
Micron Technology, Inc. (MU) designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho. MU weekly chart March 2023 As we see in the chart above, we ended an impulse as wave I at $96.96 high. Then, the market did an expanded flat correction (3-3-5) causing the price to drop to $48.43. We labelled this low as wave II. From here, we expected to continue the rally…
Investing.com — According to Bernstein, the opportunity for storage in AI datacenters remains limited when compared to servers, particularly as LLMs (large language models) require much less storage. In a recent webinar with David Hall, former VP of Infrastructure at Lambda, Bernstein gathered insights about trends in the AI cloud market. Hall is said to have estimated that storage costs only represent “8-12% of the cost of a model-training GPU cluster,” reinforcing Bernstein’s view that storage will play a smaller role than servers in AI infrastructure. While models focused on images and videos need higher storage due to larger datasets, the…
To trade or not to trade? Trading from home and having more time to watch the charts and market headlines doesn’t necessarily mean you have to take more setups. For most traders, even seasoned professionals, this is easier said than done. After all, forex price action can often be fast-paced and exciting, and the idea of missing out on a profitable setup is enough to keep traders on their toes all the time. Market Wizards author Jack Schwager mentioned in an interview: “It is common for traders who develop good methodologies that signal trades infrequently to take other trades that lack…
When put into context to the near-term chart below, the quick 30 pip drop earlier isn’t that meaningful. There weren’t any major headlines driving it, at least not any that I can pick up on the screens. A fat finger moment between 149.85 and 149.58 perhaps? Hmm. But here’s a look at how things are playing out on the hourly chart for the pair:USD/JPY hourly chartSellers did try to wrestle back some momentum earlier in the week but were thwarted in their attempts to push below 149.00. Since then, the 100-hour moving average (red line) has returned back to be…
EUR/USD recovers mildly while its outlook remains uncertain as the ECB is expected to extend its policy-easing cycle. A victory of Donald Trump in the US presidential elections would significantly impact the Eurozone economy. Investors expect the Fed to follow the rate-cut path gradually. EUR/USD recovers mildly on Friday after posting a fresh 10-week low near 1.0800 on Thursday. The outlook of the major currency pair remains bearish as the Euro (EUR) could face selling pressures on expectations that more interest rate cuts from the European Central Bank (ECB) are in the pipeline. The ECB reduced its Rate on Deposit…
(Corrects Ukraine to Russia in first paragraph) By Gram Slattery WASHINGTON (Reuters) -Donald Trump on Thursday blamed Ukrainian President Volodymyr Zelenskiy for helping start that nation’s war with Russia, a comment that further suggests Trump is likely to radically shift U.S. policy toward Russia if he wins the Nov. 5 election. The Republican former president has frequently criticized Zelenskiy on the campaign trail, repeatedly calling him “the greatest salesman on Earth” for having solicited and received billions of dollars of U.S. military aid since the war broke out in 2022. Trump has also slammed the Ukrainian leader for failing to…
Strategy: 3/12 Tunnel The 3/12 Tunnel is a trend-following strategy. This straightforward approach utilizes 3 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 3/12 Tunnel strategy has identified a trading opportunity on the EUR/AUD pair within the H1 timeframe. I’ve shared a trade setup image for your…
Bitcoin has had a good October so far, climbing from its $60,400 lows to its current levels near $67,650. Can the OG crypto count on “Uptober” to push BTC/USD consistently above a key technical resistance zone? We’re taking a closer look at the daily chart! Bitcoin (BTC/USD) Daily Chart by TradingView Bitcoin has been seeing gains in the last few weeks, as expectations of an “Uptober,” a historical time when bitcoin experiences significant price increases, got mixed in with crypto-friendly Presidential candidate Trump improving his odds in closely watched polls and risk-takers cheering the prospect of further rate cuts from…