BofA Securities closes long EUR/USD position

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In November, Meta Platforms (META) shares have shown bearish momentum following the company’s quarterly report, which included a one-off income tax expense of $15.93 billion (as previously noted). Investor concerns have been further fuelled by the company’s plans to raise capital expenditure to $70–72 billion in 2025, aimed at expanding data centre infrastructure and acquiring…

USD/JPY gyrated in range of 142.10/148.64 last week. Initial bias remains neutral this week first. On the upside, above 146.27 will target 148.64 resistance first. Firm break there will resume the rebound from 139.87. Nevertheless, break of 142.10 will bring deeper fall back to 139.87 low. In the bigger picture, price actions from 161.94 are…

USD/CHF is knocking on a key resistance zone after weeks of strength! Are we looking at an upside breakout in the making? Or will dollar bears step in to limit the Greenback’s gains? USD/CHF Daily Forex Chart Faster with TradingView The U.S. dollar has been king of pips several times in the past few days,…