The Mexican Peso softens on Monday after three up days in a row. Increasing chances of deeper cuts to interest rates and slowing growth prospects had weakened the Peso’s peers. USD/MXN’s daily chart paints three down days in a row, a pattern called “Three Black Crows”. The Mexican Peso (MXN) trades moderately against its key…
Leading global fintech provider Broadridge Financial Solutions announced Monday that a Tier-1 Canadian bank has successfully implemented its Distributed Ledger Repo (DLR) platform for managing High-Quality Liquid Asset (HQLA) treasury securities. The implementation, according to the company, marks a significant step forward in the adoption of Distributed Ledger Technology (DLT) in the financial industry. “This…
Listen to the audio episode: Get The Complete Price Action Strategy Checklist! The 3 Scalping Setups That Make Me A Living In episode 471 of the Desire To Trade Podcast, we will be listening to the recording of an interview with John Kurisko discussing the 3 scalping setups that make him a living. Two pillars…
2024.09.16 2024.09.16 Short-term Analysis for Oil, Gold, and EURUSD for 16.09.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. On Friday, oil…
Despite today’s public holiday in Japan, yen buyers remain active. As shown on the USD/JPY chart, today’s candle low has dropped below the psychological level of 140 yen per dollar. The last time this exchange rate was seen was on 28 July 2023. On 11 September, when analysing the USD/JPY chart, we:→ drew a descending…
On Thursday evening, Adobe Inc. (ADBE) reported its third-quarter financial results:→ Earnings per share: actual = $4.65, expected = $4.53;→ Revenue: actual = $5.40 billion, expected = $5.37 billion. Despite beating analyst estimates, Adobe Inc.’s (ADBE) stock dropped by more than 9% due to a disappointing fourth-quarter forecast, which fell short of market expectations. According…
USDJPY: The USD/JPY pair is trading at a subdued level around mid-140.00 during the Asian session on Monday, with low trading volumes due to the Japanese holiday and the pair appearing vulnerable near the YTD low reached last week. However, those with a bearish outlook may prefer to await key central bank events this week…
GBPUSD: The GBP/USD pair is attracting some dip buying on the first day of the new week, despite relatively weak trading conditions due to holidays in China and Japan. Spot prices are currently trading at 1.3135-1.3140, representing a 0.10% increase on the day and remaining near the weekly high reached on Friday, amidst a prevailing…
The New Zealand dollar had a pretty tough week last week, as China’s growth concerns, weaker-than-expected mid-tier domestic data, and overall risk aversion highlighted the commodity-related currency’s relative weakness in the FX space. Meanwhile, the Bank of Canada’s (BOC) willingness to explore deeper interest rate cuts isn’t doing CAD bulls favors. In fact, the oil-related…
By Danielle Broadway and Christina Anagnostopoulos LOS ANGELES (Reuters) – At the Emmy Awards on Sunday, Hollywood celebrated a diverse line-up of nominees and winners at television’s highest honors and feted the success of Latino, LGBTQ+ and Japanese talent and stories. Disney’s “Shogun” took the top prize of best drama series following its record number…