It was another busy day as traders digested the Fed’s latest rate cut, BOE’s decision to stand pat, better-than-expected U.S. data, and developing stories in the Middle East. Which assets took advantage of Thursday’s headlines? We’re discussing them below! Headlines: New Zealand GDP contracted 0.2% in Q2 2024 (-0.4% forecast, previous reading downgraded from 0.2%…
Investing.com– BCA Research said bets on a stronger Japanese yen were becoming more entrenched amid attractive valuations in local assets, the prospect of more interest rate hikes and an improving Japanese economy. The yen saw a stellar recovery over the past two months, as a hawkish Bank of Japan, a weaker dollar and an unwinding…
By David Shepardson WASHINGTON (Reuters) -SpaceX said Thursday it “forcefully rejects” the Federal Aviation Administration’s conclusion that Elon Musk’s company failed to follow U.S. regulations during two rocket launches, alleged violations carrying $633,000 in fines. The FAA on Tuesday faulted SpaceX’s actions ahead of launches in June and July of 2023 in Cape Canaveral, Florida,…
In an 8-1 vote, Bank of England (BOE) members voted to keep their official bank rate at 5.00% in September. Swati Dhingra, a known dovish member, voted for another 25bps rate cut following a similar reduction in August. The voting result is much less “finely balanced” than the 5-4 decision to cut rates last month…
NEW YORK, Sept. 19, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in NANO Nuclear Energy Inc. (“NNE” or the “Company”) (NASDAQ: NNE) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of NNE investors who were adversely affected by alleged securities fraud between May 8,…
The foreign exchange market, often abbreviated as Forex, can be a thrilling yet intimidating arena for aspiring traders. With currency prices constantly in flux, deciphering market trends and making informed decisions requires a keen eye and a reliable toolbox of technical analysis tools. Enter the Omega Trend MT4 Indicator, a powerful addition to the arsenal…
The combination of the Triangular Moving Average (TMA) with the PY Signal method stands out for its power and precision. Unlike traditional moving averages, the TMA adjusts its calculation to place greater emphasis on recent price movements. This adaptive approach not only smooths out market noise but also provides traders with clearer signals of ongoing…
How do some traders seem to recognize legitimate price movements versus fakeouts? Can they really see into the future? Is some kind of blood sacrifice required? Don’t worry—no black magic necessary! Experienced traders often use techniques like volume analysis to help make informed decisions. It’s no secret, then, that learning about it can greatly boost…
Short term Elliott Wave view on EURJPY suggests cycle from 8.16.2024 high ended at 155.14 as wave A. Internal subdivision of wave A unfolded as 5 waves impulse. Down from 8.16.2024 high, wave ((i)) ended at 160 and wave ((ii)) rally ended at 162.89. Wave ((iii)) lower ended at 155.446 and rally in wave ((iv)) ended…
Coca-Cola Co (NYSE: KO) started a new bullish cycle on October 2023. As discussed in our previous article, the stock rallied from our blue box area after ending a corrective double three structure. The impulsive rally suggested the start of wave III to the upside and this year KO managed to break above 2022 into…