Investing.com– Most Asian currencies weakened on Thursday as the dollar rose from seven-month lows amid some bargain buying, although traders remained largely biased against the greenback on expectations of interest rate cuts. The Japanese yen softened after making strong gains this week, although sentiment towards Japan was buoyed by positive purchasing managers index data. Broader…
(Reuters) – Bank of Queensland will slash up to 400 jobs and convert all 114 owner-managed branch networks into its corporate structure by March as part of a broad restructuring, the Australian lender said on Thursday. The Brisbane-based lender expects to incur charges of A$115 million to A$125 million ($77.41 million-$84.14 million) to convert the…
NEW ORLEANS, Aug. 21, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 15, 2024 to file lead plaintiff applications in a securities class action lawsuit against Extreme Networks, Inc. (NasdaqGS: EXTR), if they purchased the Company’s shares between July 27, 2022 and January 30, 2024, inclusive…
In this video, I break down a simple yet powerful method for trend analysis using JD.com, listed in Hong Kong, as a real-world example. Source link
USD/JPY has seen a sharp decline, dropping from 149.36 to as low as 144.45. What to Expect Next Potential for Further Decline: As long as the 147.34 resistance level holds, the pair could continue to decline, with the next target around the 143.60 area. Possible Rebound: The fall from 149.36 appears to be a correction…
EUR/USD has extended its upward move from 1.0777, reaching as high as 1.1173. What’s Next? Continued Uptrend: As long as the price stays above the rising trend line on the 4-hour chart, the uptrend is likely to continue. The next target is the 1.1200 area, with potential for a move toward 1.1250 if momentum holds….
The world of forex trading thrives on navigating trends. Whether you’re a seasoned veteran or a curious newcomer, identifying these directional currents is paramount to making informed decisions. That’s where technical analysis steps in, offering a treasure trove of indicators to illuminate market behavior. Today, we delve into the ASC Trend MT4 Indicator, a tool…
Donchian Channels Indicator The Donchian Channels, developed by Richard Donchian, are a technical indicator used primarily to identify the highs and lows of price movements over a specified period. This indicator consists of three lines: the upper band (highest high over the chosen period), the lower band (lowest low over the chosen period), and the…
The post Eco Data 8/22/24 appeared first on Action Forex. Source link
The market had looked to the FOMC Minutes for clarity on the US dollar’s trajectory. However, the release provided little support, leaving the greenback struggling. Additionally, the US Dollar Index has fallen to a multi-month low, reaching levels not seen since 2023. This downward momentum has continued to weigh on USDCAD, pushing the pair into…