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OPEC+ is expected to approve another increase in the collective oil production level. Canada released a weak GDP report.
By the end of Friday, the Dow Jones Index (US30) rose by 0.09% (for the week +0.32%). The S&P 500 Index (US500) gained 0.26% (for the week, 0.08%). The Technology Index Nasdaq (US100) closed higher by 0.48% (for the week +0.61%). AMZN shares jumped over 10% after reporting that third-quarter cloud revenue increased by 20%…
Chart Art: USD/JPY Long-Term Channel Correction
Another major pullback seems to be underway for USD/JPY, as the pair is closing in on these Fibonacci retracement levels on the daily time frame. Take a look at these potential inflection points that could be tested in the upcoming trading sessions! USD/JPY Daily Forex Chart by TradingView This dollar pair has been forming higher…
Weekly Brief: MetaQuotes and TradingView, CMC Invest Taps TipRanks, My Forex Funds
Brokers Are Leaving MetaTrader Behind When Integrating TradingView MetaQuotes, the company behind MetaTrader platforms, is restricting brokers from integrating TradingView with the support of MT4 and MT5 on the backend. The company has restricted multiple brokers from using MetaTrader with TradingView, Finance Magnates learned from several industry sources. The firm crafted the clauses in MetaTrader…
457: Trading Advice You Need To Be Profitable – Casey Stubbs
Listen to the audio episode: Get The Complete Price Action Strategy Checklist! Trading Advice From A Full-Time Profitable Master In episode 457 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Casey Stubbs sharing trading advice you need to be profitable. Why is it crucial to set…
Australian Dollar gains ground after rate cuts in China, remarks from RBA Hauser
The Australian Dollar appreciates following the PBoC’s rate cuts on Monday. The PBoC has reduced the 1- and 5-year Loan Prime Rate to 3.10% and 3.6%, respectively. The Aussie Dollar appreciated as domestic upbeat labor data has lowered the odds of the RBA’s rate cut this year. The Australian Dollar (AUD) extended its winning streak…
European Stocks Rise for Sixth Consecutive Week
According to the Eurostoxx 50 index (Europe 50 on FXOpen) chart:→ The index has gained over 6% since early February.→ It is now trading at an all-time high. Factors driving market optimism:→ Expectations of a ceasefire in Ukraine.→ Trump’s decision to delay tariff implementation until April, signalling room for trade negotiations. Technical Analysis of the…
