As reported by CNBC, Morgan Stanley analysts have evaluated the potential impact of tariff plans proposed by Donald Trump during his presidential campaign on the U.S. economy and stock market. Key initiatives from the president-elect include:→ Introducing a general tariff of 10% to 20% on all imported goods.→ Imposing additional tariffs of 60% to 100%…
AUD/USD is attempting a recovery wave from 0.6440. NZD/USD is also correcting losses and might recover if there is a clear move above the 0.5950 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today · The Aussie Dollar found support near 0.6440 and is now recovering against the US Dollar. · There was a break…
StoneX Group Inc. announced record financial results for the fiscal year 2024, with net income reaching $260.8 million, a 9% increase compared to the previous year. The global financial services network reported on Tuesday that in the fourth quarter, it saw a strong performance across its operating segments and products, despite relatively low market volatility….
The escalation in the Russia-Ukraine conflict had only a short-lived impact on FX, and safe-haven demand has rapidly faded. The balance of risks is shifting more to the upside for the US dollar, also considering some positioning re-adjustment may have happened. In the UK, hot inflation should prevent a December BoE cut, and we retain…
Online brokerage Interactive Brokers announced the launch of Plan d’Epargne en Actions (PEA) accounts for its French clients on Wednesday. The accounts offer favourable tax exemptions, making them an attractive savings vehicle for eligible French individuals. Interactive Brokers explained in its press release that PEA accounts through Interactive Brokers enable French tax-resident clients to build…
The EURJPY market has been forming lower lows since September 30th. One of these lows was a support level of 163.50, and the latest low was around 162.60. This downward trend is supported by improved PPI and inflation figures in Europe, coupled with declining manufacturing PMI and household spending in Japan. Let’s delve into the…
Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straight forward approach utilizes 2 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…
The forecast for the current situation has been partially realized. The price, under pressure from sales, indeed headed down, but the current minimum was not updated. Instead, buyers suddenly became active, bringing the value back to the starting point of the movement. Apparently, this continued the development of correction wave 4, which is becoming very…
Daily Pivots: (S1) 1.0545; (P) 1.0574; (R1) 1.0625; More… Intraday bias in EUR/USD remains neutral and more consolidations could be seen above 1.0495. Outlook will stay bearish as long as 1.0760 support turned resistance holds. On the downside, firm break of 1.0495 will resume the fall from 1.1213 to 1.0447 support and then 1.0404 key…
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