The EURUSD held above the 200 hour MA during 2 tests yesterday and again today. Then the level was broken and failed in each of the prior two hourly bars. Now on yet another attempt, the MA is being broken with the pair moving to a new day low. Can the sellers now keep the
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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
Oil prices rose for a fourth straight day on Thursday with U.S. crude, heating oil and jet fuel stocks seen tight just as a chilly blast hits the United States and travel is set to soar for the holiday season. U.S. West Texas Intermediate (WTI) crude futures climbed 35 cents, or 0.5%, to $78.64 a
The markets become rather directionless again in Asian session. Yen is paring some gains as the boost from BoJ faded. Swiss Franc, Aussie and Kiwi are on the weaker side too. On the other hand, Canadian and US Dollar are the stronger ones for the day. Both are awaiting economic data release, including Canadian CPI
In this article FDX Follow your favorite stocksCREATE FREE ACCOUNT FedEx said Tuesday it would cut $1 billion more in costs after weak demand ate into its quarterly profit. The company in September announced cost-cutting measures that included parking planes and closing some offices in the face of softening global demand. It also raised package-delivery
GBP/USD recovers from three-week low amid broad US Dollar pullback. Upbeat UK CBI Retail Sales favor bulls, but British medical worker’s strike probe Cable bulls. Softer Treasury yields, mixed US data probe USD ahead of US Q3 GDP. UK’s Q3 GDP is expected to confirm a 0.20% QoQ contraction. GBP/USD prints mild gains around 1.2110
Crypto exchange Coinbase was granted permission by the Central Bank of Ireland to act as a virtual asset service provider (VASP), according to a Dec. 21 announcement. The company’s operations in the country will be overseen by Cormac Dinan, a former employee of Crypto.com, Deloitte and Citigroup. Under the VASP registration, Coinbase Ireland will be
The AUDJPY is down sharply today (down -4.88% to be exact). That move has taken the price below the swing low from May 2022 at 87.29 and down to a low of 87.01. That low was within 16-17 pips of the rising 100 week moving average currently at 86.844. The price of the AUDJPY has
Prior report revised up to to 101.4 from 100.2 Consumer confidence rises to 108.3 from 101.4 last month (revise form 100.2). Estimate was at 101.0. Present situation Index 147.2 in December versus 138.3 (revised from 137.4) Expectations index 82.4 vs 76.7 last month (revised from 75.4). 1 year inflation expectations 6.7% in December down from
The yellow metal kicked off 2022 with all glam and glitter — for once the geopolitical crisis between Russia and Ukraine can be credited for this. It actually pushed the demand for the yellow metal higher. After a corrective phase, following successive rate hikes by central banks, the year-end once again saw the prices of
The markets appear to be back in risk-on mode as seen in major European indexes and US futures. Aussie is recovering notably, followed by Swiss Franc. But New Zealand Dollar is the weakest for the day, followed by Sterling and then Yen. Dollar and Euro are mixed. As for the week, Kiwi is the worst
In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT Nike on Tuesday reported quarterly results that easily topped Wall Street’s expectations while raising its outlook, as the company touted its success in clearing through its hefty inventory pile. Shares of Nike rose more than 10% in off-hours trading. related investing news Pro Picks: Watch
USD/JPY plunged by over 4% on Tuesday, the largest drop since October 1998. Economists at MUFG Bank believe that the pair could extend its slide to the high 120’s. JPY is now the top performing G10 currency since 21st October “Governor Kuroda was expressing reservations about the sustainability of the pick-up in inflation, predicting it
This video will discuss Best Funded Account Trading Strategy (Pass EVERY Challenge!). Trading with twenty-five thousand fifty thousand or one hundred thousand dollars is way better than trading a small account. That’s why today, I’m gonna teach you a trading strategy that my actual viewers use to pass their funding challenges and trade on big
Andrew Lockwood is here to teach you his simple stochastic indicator forex strategy step-by-step. A stochastic oscillator is a technical indicator that measures the relationship between a forex pair’s closing price and the pair’s price range over a set period of time. When using the stochastic trading strategy, the lines of the stochastic indicator can
The price of crude oil has been trading up and down over the last few days. Looking at the high prices, the price has been able to stall nare the $76.50 area. There is a short term ceiling formed near that ceiling. On the downside, the 200 hour MA (green line) currently at $74.45 stalled
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
Gold prices steadied near a one-week high on Wednesday, after rising more than 1% in the previous session as the dollar weakened after the Bank of Japan’s surprise policy tweak. * Spot gold was flat at $1,816.94 per ounce as of 0031 GMT. U.S. gold futures were up 0.1% at $1,827.10. * The dollar index