TOKYO (Reuters) -Japan’s Finance Minister Katsunobu Kato reiterated on Tuesday that the authorities would be vigilant to foreign exchange moves, including those driven by speculators. “We will continue to closely monitor foreign exchange moves, including those driven by speculators, with a higher sense of vigilance,” Kato told a regular news conference. The yen is languishing…
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Impending potential fiscal stimulus measures are supporting the recent two days of rallies seen in the Nikkei 225. Technical analysis with TOPIX sector rotation suggests a likely start of a major impulsive up move sequence on the Nikkei 225. The biggest risk for Nikkei 225 bulls is likely the main CDP opposition party mounting a…
Nasdaq-listed StoneX Group Inc. announced the expansion of its operations in India with the opening of new offices in Pune and Bengaluru. The new facilities are said to house a combined workforce of 800 employees, significantly bolstering the company’s presence in the country. Since establishing its Global Capability Centre in India in 2019, StoneX has…
Robinhood has introduced a new feature — election event contracts —allowing users to speculate on the outcome of key events, starting with the 2024 US presidential election. The inaugural event contract will focus on the 2024 U.S. presidential election between Kamala Harris and Donald Trump. Event contracts allow traders to bet on a specific outcome….
This week, five companies with market capitalisations exceeding $1 trillion are set to release their quarterly earnings: → Alphabet (GOOGL) on October 29→ Microsoft (MSFT) on October 30→ Meta Platforms (META) on October 30→ Apple (AAPL) on October 31→ Amazon (AMZN) on October 31 These results and profit forecasts from leading tech giants could fuel…
2024.10.29 2024.10.29 Gold Climbs Higher Despite Strong Headwinds. Forecast as of 29.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Amid record-high prices, China has significantly reduced its gold purchases. However, the market tends to seize every opportunity, and investors are eager to buy gold as there is no tomorrow. Let’s discuss this topic and make a trading plan. The article…
If you aim to trade in the Forex market, knowing how to calculate the right trade size is crucial for managing substantial risk of loss and maximising potential profits. A Forex position size calculator helps you determine the exact number of currency units, or units of the base, to trade based on your risk tolerance,…
Do you think Australia could post another hotter-than-expected CPI report and keep hawkish RBA expectations in play? Our Event Guide for the Q3 Australian CPI release suggests that another upside inflation surprise could be enough to dash hopes for any central bank easing. Check out these potential support zones on AUD/NZD and…
The $300 level has proven psychologically significant for McDonald’s (MCD) stock: → In summer 2023, bullish investors failed to push the price above this mark, leading to a decline from $298 in July to $246 by October. → Again, in January 2024, the price briefly surpassed $300 but quickly dropped, eventually falling to $245 by…