FX option expiries for Aug 29 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1050 438m 1.1100 618m 1.1160 888m GBP/USD: GBP amounts 1.3050 406m 1.3200 562m USD/JPY: USD amounts 143.80 625m 144.25 395m 145.00 525m AUD/USD: AUD amounts 0.6770 316m 0.6840 704m USD/CAD: USD amounts 1.3450 803m 1.3480
Month: August 2024
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Price action is limited with the EURUSD low to high trading range only 15 pips, but the price has been able to extend above the 200-hour MA at 1.11267 (green line in the chart above). If the buyers can keep the price above that level, the buyers remain in contol with a run to the
AUDUSD trades up and down Yesterday in the Asia/Pacific session, the price of the AUDUSD moved higher after the Aussie CPI data came in a touch higher than expectations at 3.5% versus 3.4% (YoY). That took the price of the AUDUSD above the high price from July and earlier this week at 0.67978. However after
EUR/USD slipped back below 1.1150 as bidders struggle to maintain balance. A breakdown in bullish market sentiment is giving the Greenback room to breathe. EU and US inflation prints due at the end of the week to dominate investor attention. EUR/USD trimmed recent gains on Wednesday, stepping lower after clipping fresh highs for the year
The earnings call with Nvidia’s Jensen Huang is coming to an end and has not provided any rebound in Nvidia shares in after-hours trading. At the end of the call, shares of Nvidia are trading down $-7.85 or -6.30% at $117.79. The closing level was at $125.61. The high close for the week was $130
The Pound Sterling drops to near 1.3200 against the US Dollar as the latter gains temporary ground. Economists expect annual core PCE inflation to accelerate to 2.7%. For fresh cues on the BoE interest rate path, investors await Catherine Mann’s speech at 12:15 GMT. The Pound Sterling (GBP) declines from a more-than-two-year high of 1.3266 against the
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
As we progress through 2024, the commodities market is emerging as a key area of interest for investors seeking to diversify their portfolios and hedge against inflation. With insights from Kar Yong Ang, a financial analyst at Octa broker, we explore the most promising commodities of the year, including gold, oil, lithium, and others, and
The final countdown to iFX EXPO Asia 2024 is officially in full swing as one of the world’s leading B2B online trading and fintech events is just around the corner, ahead of its return to Thailand. Excitement is already building as the expo, now in its third year in Bangkok, prepares to welcome more than
Fundamental Overview Since last Friday, the USD has been mostly weak as Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium where he basically kept the door open for a 50 bps cut at the September meeting. In fact, the line saying that they will do everything they can
Fundamental Overview Since last Friday, the USD has been mostly weak as Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium where he basically kept the door open for a 50 bps cut at the September meeting. In fact, the line saying that they will do everything they can
Following the record growth it saw in 2023 with the full redesign of its enterprise-grade platform for brokers, fintech industry leader iTech Software introduces a new and even more powerful iteration of its infrastructure. The upgraded platform features a multitude of tools and capabilities that further empower brokers to deliver the best experience for their
FLOKI price breaks above the descending trendline, with an impending rally ahead. On-chain data shows that FLOKI’s dormant wallets are active, signaling a bullish move ahead. A daily candlestick close below $0.00011 would invalidate the bullish thesis. FLOKI (FLOKI) price broke above the descending trendline and rallied 10%. At the time of writing on Wednesday,
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The USDCHF extended lower yesterday – just not in the Asian Pacific session. However, what did not happen yesterday was as the price moved sideways in the early hours of the trading day, and the falling 100 hour MA started to catch up, the price could not make a push to that MA, and ultimately,
Gold rises in risk-on setting, shrugging off robust US data as the US Dollar hits a 12-month low. Powell’s dovish remarks keep US Treasury yields stable, pressuring the US Dollar and boosting Gold. Focus shifts to upcoming core PCE and job data, crucial for Fed decisions; rate cut prospects bolster Gold. Gold prices advanced firmly
The numbers via oilprice.com on Twitter: The EIA estimates to be released tomorrow at 10:30 AM show: Crude oil drawdown of -2.265 million barrels Gasoline inventories drawdown of -1.587 million Distillates drawdown of -1.083 million — This data point is from a privately-conducted survey by the American Petroleum Institute (API). It’s a survey of oil
Bitcoin price approaches 200-day EMA support area of around $62,000 and could expect a bounce. US spot Bitcoin ETFs recorded inflows of $200.04 million on Monday. On-chain data shows negative exchange netflow and the long-to-short ratio above one, further giving chances for a bullish move. Bitcoin (BTC) continues to retrace on Tuesday after declining by
SMCI premarket Shares of AI high-flyer Super Micro Computer are down 10% in the pre-market after a short report from Hindenburg Research alleged “accounting manipulation, sibling self-dealing and sanctions evasion.” The company has a $35 billion market cap and soared from $250 at the start of the year to as high as $1229 as it
Fundamental Overview Last Friday, Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium as he basically kept the door open for a 50 bps cut at the September meeting. In fact, the line saying that they will do everything they can to support a strong labour market was key.
When beginners approach stocks they either look for technical analysis or for financial analysis like earnings, cash flow, P/E ratio, balance sheet and so on. That’s not what moves the stocks. If you want to have conviction in your ideas, you need to know what moves your stocks and position for that change. In the
The world’s first trading platform to provide instant funding to its users, Ufunded.com, has made another pivotal move in their disruptive journey by natively integrating TradingView into their platform. Ufunded.com is committed to product-led-growth and is fully in alignment with TradingView’s mission of empowering traders, which has led them to a user base of over
Following the overwhelming number of nominations for both Brokers (B2C) and Fintechs (B2B) categories of the UF AWARDS APAC 2024, the Voting Round is now open. Calling the entire industry to cast their vote for their favourite brokerage or fintech brand or one they deem to be the most deserving, this is the final and
Fundamental Overview Last Friday, Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium as he basically kept the door open for a 50 bps cut at the September meeting. In fact, the line saying that they will do everything they can to support a strong labour market was key.
The Japanese Yen declines despite a hawkish mood surrounding the BoJ’s policy outlook. The downside of the JPY could be limited as traders expect the BoJ to increase interest rates further. US Fed Chair Powell signaled a rate cut soon, which puts downward pressure on the US Dollar. The Japanese Yen (JPY) continues to lose
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
In this video, I take a look at the three of the major currency pairs from a technical perspective. the: EURUSD USDJPY, and GBPUSD On Monday, the EURUSD moved lower and in doing so, is moving closer to its rising 100-hour moving average currently at 1.1143 (the price is currently at 1.11615). That moving average
Gold rises post-Powell’s Jackson Hole comments on potential September policy easing. Powell cites inflation control, labor market concerns; Daly echoes rate cut expectations. US Durable Goods Orders jump 9.9% in July, showing economic strength; Middle East tensions boost Gold’s appeal. US 10-year yields reach 3.81%; traders scale back on 50 bps cut bets, await Nonfarm
As the North American session comes to an end, the CAD is ending as the strongest of the majors, while the NZD is the weakest. The USD is ending the day mostly higher with gains vs all the major currencies with the exception of the CAD (-0.16%) and the CHF (-0.04%). To start the trading
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