USDCHF extends higher but stalls at the 50% of the wks range The USDCHF this week moved down on Monday, Tuesday, and Wednesday (3 straight down), consolidated up and down on Thursday, and corrected higher today. The move to the upside today extended above the 100 day MA in the early European session, and corrected
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I’ve fired off a few mistaken headlines at ForexLive so I can sympathize but this was a doozy. I don’t think it hit the newswire and so the damage was minimal but it’s a reminder that even a great trade can get ruined by something as simple as a headline mistake. Go easy on the
In this article AMZN Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon will report its fourth-quarter earnings after the bell on Thursday. Here’s what Wall Street expects: Earnings per share: $3.57, according to
HOUSTON: Oil prices are increasing, again, casting a shadow over the economy, driving up inflation and eroding consumer confidence. Crude prices rose more than 15% in January alone, with the global benchmark price crossing $90 a barrel for the first time in more than seven years, as fears of a Russian invasion of Ukraine grew.
A job seeker receives information from a recruiter during a job fair in Miami on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images Long-term unemployment fell significantly in January, continuing a downward trajectory from its pandemic-era peak after having plateaued in recent months. The number of Americans out of work for at least six
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The non-yielding metal is trading above $1805, the trendsetter 200-DMA. The US ADP data was worse than expected; it could be a prelude to the Nonfarm Payrolls (NFP). XAU/USD Technical Outlook: A daily close above the 200-DMA could signal a shift in gold’s trend. Gold (XAU/USD) climbs in the North American session as US T-bond
Dollar tumbles broadly today as markets are staying in risk-on mode. Additional selling pressure is seen on the greenback after shocking poor ADP job data. On the other hand, Euro is lifted by another record reading in consumer inflation data. Sterling is following Euro as markets await tomorrow’s BoE rate hike. Aussie is slowing down
The Coachella Valley Music & Arts Festival has partnered with FTX US to launch a series of NFT collectibles that includes tokenized lifetime access passes to its annual music festivals. The iconic music festival is held over two consecutive three-day weekends every April in California, and is being headlined by Harry Styles, Billy Eilish and
At the end of last week a handful of charts were looking grim, pointing to the potential for an ugly turn in risk trades, prompted by a surprisingly dovish message from Fed Chair Jerome Powell. This week though, there have been some stark turnarounds, potentially invalidating the moves. I want to highlight three. 1) AUD/USD
The dollar looked like it was set for a breakout on multiple fronts at the end of last week but suddenly, we’re seeing everything turn back on a series of a couple of false breaks. EUR/USD dropped below 1.1200 only to come back up to 1.1270 now, moving towards the 50.0 retracement level of its
In this article GOOGL Sundar Pichai, CEO of Alphabet, in Brussels, Belgium, on Jan. 20, 2020. Geert Vanden Wijngaert | Bloomberg | Getty Images Google parent Alphabet reported better-than-expected fourth-quarter earnings and revenue. The shares popped in extended trading. The company also announced a 20-for-1 stock split that will go into effect in July. Here
LONDON: OPEC+ will likely stick to existing policies of moderate output increases on Wednesday, five sources from the producers’ group said even as it expects demand to rise to new peaks this year and as oil prices trade near their highest since 2014. The group, which comprises of the Organization of the Petroleum Exporting Countries
Free food is handed out by the Brooklyn community organization PASWO during a weekly food distribution on December 08, 2021 in New York City. Spencer Platt | Getty Images Spurred by a massive inventory rebuild and a consumers flush with cash, the U.S. economy last year grew at its fastest pace since 1984. Don’t expect
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Today I share with you, the most simple forex strategy that works. During my Years of forex I’ve learned a lot, the most/key concepts I’ve learned came from the charts it self. Forex is a language and once you learn it, you become fluent. Today I share with you the most fluent strategy that works.